What is best value credit card
Credit Card Tier List (Best Credit Cards Ranked)
what's happening it's Shane here and you
know what time it is
it's tearless time baby and it's also
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just automatically do that on all my
videos but yeah let's jump right into
this one some credit cards are much
better than others there's entire
YouTube channels and websites that are
dedicated to credit card churning and
getting the best cashback or getting the
best sign-on bonuses but today I'm gonna
save you a ton of time because I did a
lot of research and I actually got a
bunch of these credit cards and then the
ones that I didn't some of my friends
did so I was able to check them out that
way so these are gonna be some of the
best and the worst credit cards that are
available out there alright so let's
just jump into it first one on the list
is going to be the Amazon Prime rewards
credit card now I'm not gonna go too
deep into the details on these because
that would make the video way too long
and I want to keep this video well under
20 minutes if I can but if you already
use Amazon a lot you're an Amazon Prime
member to take advantage of that amazing
2 day free shipping then this is a
credit card that you absolutely should
get I use Amazon a lot in order to get
stuff delivered to me so for instance
I'll get paper towels and toothpaste
delivered to me every few months and it
just saves me a lot of time and a lot of
hassle overall and to me that's worth
paying a little bit extra for the
delivery so if you're already using
Amazon for that reason you are going to
get five percent cashback on your
purchases that is incredibly good now on
top of that you also get two percent
cashback at restaurants and gas stations
this is a no annual fee credit card if
you don't count the amount of money that
you have to pay for your Prime
membership and overall I just think the
combination of the amount of time that
Amazon saves you the value that they
give the fact that you can get stuff in
two days if you need it and the fact
that it gives five percent cash back on
all purchases at Amazon as well as Whole
Foods means that this one is s2 your
status
I have this card and it's one of my
favorites another one that I have is
going to be the American Express gold
card and this one is especially good
when it comes to dining out so first of
all it offers a really good sign-on
bonus I think at the time I signed on I
got I think 40,000 points as long as I
spent $4,000 within the first three
months right now I saw some of the
promos that were
were around 35,000 membership reward
points but I'm sure if you looked around
enough you could find something better
than that
now on top of that it does offer four
times the amount of Membership Rewards
points when it comes to cashback if you
use it for dining out and then three
times the amount of points if you use it
for flights now this is a annual fee
credit card and it does cost about two
hundred and fifty dollars a year a lot
of channels out there love recommending
annual fee credit cards and in my
opinion for the average person they're
not going to be worth it there are a few
exceptions in my opinion ones that
really do offer just an exceptional you
know sign-on bonus or something along
those lines and I included both of those
on this list and the American Express
gold card is one of those this is also a
card that doesn't have foreign
transaction fees so that's kind of a
nice perk sometimes I go across the
border to Canada and I do end up using
this card a lot of the time and
basically without getting into too much
of the details this is a really good
card if you want to use it for dining
and it's pretty good if you want to use
it for travel as well so if you're
someone who spends a lot of money dining
out or if you're someone who spends a
lot of money traveling then you might
want to look into getting this card
however if you don't already spend a lot
of money in one of those two categories
you probably don't want to get this card
because you're going to feel like you're
kind of forced to spend that money that
four thousand dollars that you have to
spend within the first three months
you're probably going to end up spending
it on things that you wouldn't have
bought otherwise when I first got this
card I was going to be buying a computer
anyways and so I got the card I spent
the money on the computer that I was
going to buy anyways and that's how I
was able to meet that four thousand
dollars within the first three months
relatively easily a lot of people fall
for the trap on these annual fee credit
cards of thinking that they're not going
to spend more just to meet that initial
amount so be really careful there
overall I'm gonna go ahead and put this
one in a tier another one that I didn't
include on this list that is also really
good in my opinion is going to be the
American Express blue cash everyday card
so if you want to use American Express
but you don't want to do the annual fee
I would recommend doing that one the
only downside to using American Express
cards is there's a lot of places that
actually don't accept American Express
and so you'll end up having to use
another card anyways next one on the
list is going to be the Apple credit
card and honestly this one has had a lot
of changes since it first came out
and basically the big thing about this
one is if you have an iPhone and you use
Apple pay for your purchases and you use
the credit card through Apple pay then
you can get some really good cashback
bonuses for instance you can get 3%
cashback at Nike stores as well as if
you buy any Apple products
you also get 2% cashback on most other
purchases if you use Apple pay but
there's two big problems with this the
first one is not everybody has an iPhone
and then the second big problem is not
all places actually accept Apple pay I
see this one potentially becoming a dark
horse candidate though in the future as
more and more places start to accept
Apple pay and more and more people start
to buy iPhones I don't personally have
an iPhone I have a Google pixel and so I
don't actually own this card myself but
I do have some friends that own it and
it's pretty good they like it overall
I'm gonna have to go ahead and put this
one in C tier just because of the fact
that not everyone has an iPhone and yes
I'm probably being a little bit salty
here next one on the list is going to be
the Bank of America cash rewards card
and this is one of those cards you're
gonna see a lot if you go to some of the
you know credit card channels on YouTube
and the reason for that is because they
offer really good cashback but there's a
few little asterisks in there okay first
of all I have to give them credit they
offer an incredible sign-up fee where if
you spend $1,000 within the first three
months you're going to get $200 online
cash rewards back honestly that's one of
the best offers out there so the big
selling point here is you get to choose
a category like let's say you spend a
lot of money on gas or let's say you
spend a lot of money dining out you can
choose that one category and you can get
3% cashback but there's all kinds of
tiny little exceptions to this like you
can only spend up to $2,500 on your
combined choices and if you are a
preferred Rewards member aka somebody
who also banks with them you can get 25
to 75 percent more on your cashback and
I think because of the fact that it has
such a good sign on bonus this is
definitely a great one if you're a
beginner and you want to get your first
couple credit cards and if you're smart
about how you use the 3% cashback
category and you read all the little
exceptions that they have you can really
maximize this card so overall I'm gonna
have to put this one in a tier next one
on the list is going to be the Chase
Sapphire Reserve and
is going to be the second annual fee
credit card that I recommend so if
you're somebody who travels all the time
this might be the best card for you what
I mean by that is if you're somebody who
spends a lot of money traveling already
you're not planning on doing it but
you're doing it already getting this
card can definitely pay off for you and
that's because you can earn 50,000 bonus
points as long as you spend four
thousand dollars in purchases in your
first three months and that equates to
about seven hundred and fifty dollars in
travel credit on top of that you get
three hundred dollars in annual travel
credit that will be reimbursed to your
account as long as you're spending money
on traveling in the first place and then
after you hit that three hundred dollars
of travel credit you will get three
times the points and cash back on
anything related to travel expenditures
it also has $0 foreign transaction fees
which is a huge perk if you're traveling
to another country part and honestly
there's a ton of other little perks and
benefits here and it would just take way
too long to go over all of them but the
big thing here the reason that it is not
going to go into S tier and the reason
why I have a lot of reservations about
getting any type of annual fee credit
card is because there is a whopping five
hundred and fifty dollar annual fee so
this card and the American Express gold
card are both you know metal they're
very hefty and because of that they have
a lot of people who really want to get
them it's almost like a status symbol or
something like that
but you are gonna pay a pretty penny for
that hefty little credit card and you
need to make sure that you would have
already been spending a bunch of money
on either traveling or dining out in the
first place in order to justify signing
up for one of these overall this is a
really good one I am gonna go ahead and
put this one into B tier next one on the
list is going to be the Costco credit
card and this one is especially good if
you do all of your grocery shopping at
Costco for one if you get your gas at
Costco you can get four percent cashback
three percent cashback on restaurants
and other eligible travel purchases now
there's technically no annual fee here
but you are going to have to pay your
annual Costco membership in order to get
the card and in order to redeem the
points and on top of that the points
only redeem once a year and you have to
go to a physical Costco location in
order to use them so I guess if you are
at Costco member already and you would
have
paying for that service anyways this one
might be worth it for you to sign up for
but overall I think it is a little
underrated in the grand scheme of things
so this one is gonna go into si tier
next one on the list is going to be the
credit 1 platinum card and hmm the logo
on this one looks suspiciously similar
to Capital One that seems really sketchy
to me and whenever you see something
like this where they're trying to kind
of like look like another company in
order to kind of like trick you into
thinking that they're another company to
me that's a huge red flag now this one
might be a decent option for you if you
kind of have like a low credit score and
you're trying to build it back up but it
has really high interest rates and so
you're gonna want to pay off your
balance every single month you do not
want to have to pay those interest rates
they're way too high
so overall you really should not get
this one and the one exception to that
is if you have really bad credit you can
maybe go for this one just to build up
your credit score and then you probably
would want to cut it up after a few
months and then get another credit card
because the perks on it just aren't that
great and just overall it's not that
great of a card in general so this one
is gonna go into DT R next one on the
list is going to be the city double cash
card and basically this is exactly what
it sounds like you get 2% cash back on
all of your purchases as long as you pay
off the balance at the end of the month
another thing I should mention with all
of these credit cards is there's pretty
much no reason why you shouldn't just
pay off the entire balance automatically
every single month if you're not
automatically paying off the balance
every single month or you think that
you're not gonna be able to do that you
probably should not be getting a credit
card now I think out of all the credit
cards on this list the city double cash
is probably my favorite just because of
how stupidly simple it is there's no
annual fee you get your 2% cash back as
long as you pay off your balance no if
ands or buts about it you don't have to
like check to see you know oh did I put
the 3% cash back on this category or is
this some rotating category over here
anything like that it's very simple you
get the card it's 2% cash back I don't
think they're ever gonna change that
it's gonna be 2% cash back pretty much
no matter what because it's literally
the name of the card double cash this is
also a credit card that you'll have a
good chance of getting if you're a
beginner some of the credit cards on
this list like the American Express gold
card you might not get if you're a
beginner and your credit
score isn't high enough yet but this is
one where you'd have a pretty good
chance of getting it even if you have a
normal credit score and in my opinion
it's the best one on the entire list so
this one is clearly s tier status
another really good beginner card is
going to be the discover it credit card
now first of all they offer one of the
best introductory offers on the entire
market discover will match all of the
cashback you earn at the end of your
first year so let's say you've got $300
cash back at the end of your first year
they will match it and you'll end up
getting six hundred dollars and there's
actually no limit to how much is matched
that might be the best offer on the
entire list like that is incredible
unfortunately it only lasts for one year
and so after your first year you're not
gonna get that incredible offer again
but the second big selling point with
the discover it credit card is the fact
that you get five percent cashback on
everyday purchases at different places
such as grocery stores and then the last
big selling point on this one is it is
technically a beginner card you can
apply for this one and you'll likely get
it with an average credit score maybe
even a low credit score so for that
reason I definitely have to put this one
in a tier it's one of the best on the
entire list the next one on the list is
going to be the fidelity Rewards Visa
Signature Card now this one is very
similar to the City double Cash where
you'll get that 2% cashback on pretty
much all of your purchases the only
catch here is that the 2% cashback has
to be deposited right into your fidelity
investment account so if you prefer to
redeem the cashback in a different form
it's only going to be 1% which isn't
that great but if you're okay with
getting the cashback deposited right
into an investment account then you're
good to go again it's just like the city
double Cash where there's no you know
exceptions if ands or buts about it you
just get the 2% cash back boom on some
of these you'll see they have really
good cash back but then when you read
the tiny print it's like there's all
these different exceptions and all those
different BS that you have to deal with
and I really like the cards that are
just straightforward you get whatever it
says that you get so fidelity has done
it again here you can see that this is a
company that is extremely dedicated to
giving the best possible service whether
it's their bank account their investment
account or any other number of services
such as their savings really love
fidelity this one goes a nest here next
one on the list is going to be the
MasterCard gold card now in my opinion
this one is pretty sketchy okay I'm
picking my words very carefully here
because I just don't want to trash the
company but now the thing about getting
a metal credit card is generally you
have to have a pretty good credit score
in order to qualify for them so this
company noticed that and they realize
that there's a huge demand of people who
want metal credit cards but they don't
necessarily have a good credit score so
what did they do they created the
MasterCard Gold Card now I'm not going
to go into the details that much but the
cashback that you get on this is not
very good when you compare it to almost
all other annual fee credit cards the
annual fee for this one is nine hundred
and ninety five dollars do I need to say
anything else
EFT ear oh but wait there's a different
one the MasterCard black card it's very
similar to the MasterCard Gold Card
except the annual fee is only four
hundred and ninety five dollars left ear
for both next one on the list is going
to be the target card red card and this
is basically for people who shop at
Target any follower of my channel should
not be regularly shopping at Target
target is honestly extremely expensive
compared to a lot of the other
brick-and-mortar stores and it's
basically designed for Karan's across
the u.s. to spend one point five to two
times as much as they should on everyday
household items seriously there's videos
of people going to Target and finding
something and then they go to the dollar
store just down the block and they find
that same thing for one third of the
price look it up if you don't believe me
I guess if you already shop at Target
all the time this one would be worth it
it does have really good perks and
benefits but really you shouldn't be
shopping at Target all the time and for
that reason I'm gonna go ahead and put
it in D tier next one on the list is
going to be the reflex card and this is
another one that basically caters to
people who have really bad credit scores
this is very similar to the credit one
credit card but it's actually a lot
worse really high fees really high
interest rates you have to make sure to
pay it off every single month you cannot
miss a single payment or you will be
screwed maybe you should consider this
one if you just have horrible credit and
they're the only ones that will give you
a chance the overall if you have bad
credit there are better options out
there the reflex
card is gonna go into FTA next one on
this list is going to be the uber credit
card and until very recently this one
was actually one of the best on the
entire list they recently changed a
bunch of things with the uber credit
card and that makes me think that
they're one of those companies that
offer certain things for a limited
period of time and then once they've
gotten a bunch of suckers
I mean people to sign up for it they
actually take that away from you to me
this is a very sketchy marketing tactic
and whenever I see a company do this it
makes me lose a lot of respect for them
so I guess the one exception here is if
you use uber all the time or if you use
uber eats all the time this one could be
worth it for you because they do have
some really nice cashback bonuses but
overall I'm gonna go ahead and put this
one into C tier next one on the list is
going to be the US bank cash plus credit
card now this is another one that you're
gonna see a lot on all of these credit
card channels where they try to optimize
the different rewards that you get and
if you're really strategic with how you
use credit cards this one can pay off
extremely well for you this is one of
those credit cards where there's a ton
of different rules involved in it and
you have to jump through a bunch of
different hoops and it's something that
I personally just don't want to have to
deal with but basically you can earn a
hundred and fifty dollars cash back
bonus as long as you spend five hundred
dollars within the first 90 days on
eligible purchases on top of that the
first two thousand dollars you spend on
the card you can earn 5% cash back on
the catch is that you can only spend
five hundred dollars per quarter of the
year so you've spent exactly five
hundred dollars in the first quarter
five hundred in a second five hundred in
the third and five hundred in the fourth
and then overall you can get about four
hundred dollars cash back that way on
top of that you can choose a category to
get 2% cash back in so to me out of all
the cards that a beginner could get this
might actually be the best one just
because of the fact that you know two
thousand dollars spent in your first
year really isn't all that much and you
could potentially earn five hundred and
fifty dollars cash back just by spending
it on the things that you would normally
spend your money on so for that reason
I'm gonna have to go ahead and put this
one in s tier you honestly might not end
up using it after the first year but
even for just that one year if you could
get five hundred and fifty dollars cash
back that's probably gonna be worth it
especially if you're a beginner check
out my videos right here I made them
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comment down below any thoughts comments
criticisms etc that you have on the
video let me know what cards you've used
or what ones I should have included on
this list I know there's a ton of them
out there thank you so much for watching
and bye for now
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