Tag Archives: chase freedom unlimited

Apple Card: Why it may not be the credit card for you

**Apple Card: Why it may not be the credit card for you**



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Apple just announced a new credit card called Apple Card. Alaina Yee and Jon Phillips discuss how interest rates, rewards, and benefits may not make it the right card for you especially when you compare it against other cash-back cards like the Citi Double Cash, Capital One QuickSilver, and Chase Freedom Unlimited.

Apple’s upcoming credit card is promising low interest rates, no fees, and daily rewards, but its competition is still plenty fierce.

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The Points Guy: This Is The Best No-Fee Credit Card

**The Points Guy: This Is The Best No-Fee Credit Card**



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Brian Kelly, founder and CEO of The Points Guy, recommends the Chase Freedom Unlimited if you’re looking for a credit card with no annual fee. With this card, he says, you can maximize rewards and minimize costs.

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Kelly, who has 25 credit cards himself, typically steers clear of no-fee cards. They “generally offer less perks,” he tells CNBC Make It. Compared to cards with a fee, they “may not be the most lucrative in the long-term.”

But “if you’re dead set on a no annual fee card, I would recommend the Chase Freedom Unlimited,” he says.

The Freedom Unlimited offers 1.5% cash back on all purchases, which is “a decent earn,” says Kelly. It also offers 120-day purchase protection and extended warranty protection.

What Kelly particularly likes about the card, though, is that you can also earn your rewards on this card in the form of points. That will come in handy if you ever upgrade to a premium Chase rewards card that has an annual fee, like the Chase Sapphire Preferred or Chase Sapphire Reserve, because you’ll be able to pair them.

“Here’s the deal,” explains Kelly: “If you get a card like a Chase Freedom Unlimited, those points are technically cash back, but, if down the line you get a Sapphire card, you’ll be able to transfer those cash-back points into your Sapphire points … and you can get a ton of value.”

If you end up combining your points across your Chase cards, you’ll have great redemption options, says Kelly: First, you can use them to book travel through the Chase travel portal. With the Chase Sapphire Reserve, every point you redeem on travel is worth 1.5 cents. That means its 50,000-point sign-up bonus can have a value of $750.

With the Sapphire Preferred, points redeemed on travel are worth 1.25 cents.

“In either case, you’re already getting more value per point than the 1 cent each you’d get by redeeming them for cash back,” TPG explains. Chase also offers 13 transfer partners, so you can trade your points in for United MileagePlus miles, for example, and find a seat in business class.

In general, if you’re new to points and miles, Kelly says, “starting off with a no-annual-fee card from one of the big banks, like Chase, is a good way to at least get your foot in the door.”

You can build up valuable travel points with the no-annual-fee card, and then, he says, if you switch cards, you’re going to be able to “upgrade those points to get as much value out of them as possible down the line.”

Whatever credit card you settle on, make sure you pay off your balance in full every month. Otherwise, the interest you end up owing by carrying a balance could negate the value of any points, benefits or cash back you earn.

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The best no-fee credit card, according to The Points Guy | CNBC Make It.
So for starters, if you're
dead set on a no annual fee card, I
would recommend the Chase Freedom Unlimited. It offers 1.5 points on everything you
spend, so you don't have to worry about
all these categories and that's a decent earn. But here's the trick:
when you see the light down the road of
getting a card with an annual fee, if
you have Chase Freedom Unlimited points and then later
on you get a Sapphire, you'll be able
to transfer those cash back points into
your Sapphire points, which can then transfer
out to airlines and you can get a
ton of value. It's good to build
a relationship with the big banks and then
later on have those points that you can then
upgrade to the more valuable points program
within that same bank. When it comes to no
fee cards, I know they're easy to get, but there's
a saying, "Cheap is expensive." And what I mean
by that is the no annual fee cards
generally offer less perks and less
valuable earning. So sometimes you have to
look at your spend and how much you're going
to spend in a year and look at the annual
fee and see if you're gonna get value
from those perks. And there's no easy way
to do it, but look at the card and
there's a lot of unadvertised perks that can
save you tons of money. So whether that's
saving money on checked bags, free in-flight
Wi-Fi and also purchase protection, use a
card that offers purchase protection. I bought a expensive winter
coat and lost it in Iceland. Long story, it was
an accident, but AMEX, because I used an
AMEX platinum card, immediately took the
two thousand dollars right off of
my statement. Sometimes it may make sense
to use cards for big purchases that
offer purchase protection over earning a couple
extra points per dollar. So it takes a
little bit of time to look at what your goals
are and what you're going to spend money on
and make sure you're aligning it to cards that
offer you the most value back. I'm not saying that cards
with no annual fee are bad. I'm just saying they may
not be the most lucrative in the
long term.

Best No Annual Fee Everyday Credit Cards (Non-Category Spend)

**Best No Annual Fee Everyday Credit Cards (Non-Category Spend)**



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hey guys it's a passion from assembiy and today we're gonna talk about the best cards that have no annual fee and that you can use for everyday purchases but first if you are new here we're all about how to maximize the value of your credit cards so how to get the most cash back and also how to travel for free if that sounds interesting then subscribe to our channel but let's get started so there are kind of a few different levels to this basically easy mode as well as hard mode for the most part we're going to focus on easy mode but again it is worth considering those other cards especially if you think that you're going to get more cards in the future and especially if you want to use it towards travel starting off alphabetically in easy mode we have the leads platinum awards card so this is a Visa Card it earns 2% back there's no annual fee and you get $50 after hitting minimum spend to $500 this card also has battles transfer offers if that's something you're looking for I typically advise people against bounds transfer offers unless they specifically know what they're doing and they have a strategy and the main reason is because I've seen it hurt people more than help people so a lot of people use it as a mechanism to basically keep passing the buck to get into more debt so they basically do a bounds transfer for the $10,000 credit limit thing that they owe money on and it ends up being $20,000 you basically just keep stacking it and it's not really a good situation I've literally had a ton of people email me how they're at 50 or 60 or 70 thousand dollars of debt just because a balance transfers yes you can use it but just use it responsibly and I think you should only use it if it's either an emergency so let's say your house fell in and there's like a giant hole in your house right now that you need to fix or if it's a situation where it's related to income so let's say you are developer and your laptop dies and you just have no money and you need to do that balance transfer so overall this card is pretty straightforward and we're going to move down to the bank of America travel rewards card so this is also a Visa card and this one starts to get a bit more interesting with this one you're getting 1.5 22.6% back depending on your relationship with Bank of America so whether you have a checking account and also how much money you have with them this is a card we've talked about a bit in other videos and I think there's a whole dedicated video to it so if you want a bit more information I definitely write and watching that one and one thing to consider here is that when they talked about the balance so let's say more than $100,000 of Bank of America that includes Merrill Lynch as well so you can have your investments with them and that's going to count the signup bonus is $200 after $1,000 so spends so not too bad at all 20 percent there's not really any bounce transfer offers from when I looked at it but maybe it exists and you have a lot of different product change paths and again the thing to consider is that I get the 2.6 percent you're going to need substantial funds with Bank of America this card starts to get a bit more interesting just because of the product change options so if a lot of our other 2% cards you basically just have that card and that's it so let's say you realize that in the future maybe you just don't care about it anymore or maybe you're going after minimum spends kind of what I'm doing right now with my own situation rather than having a 2% card then you're going to be in a situation where you have a card that really adds no value it's still helpful to your credit score just because the more cards you have and the higher the ages of those cards the better it is but again it might just be one of those cards that ends up being in your sock drawer that you never really use well think of America you can typically product change between a lot of different cards you do have to call in to ask them what options you have though so typically they maybe have one two maybe five different options for you but there is no specific set of rules so if a lot of other issuers they have rules saying that you can only product change within a group here there's technically no role but it's based off what the system tells them so technically maybe there is a role but it's a rule that we're not really aware of that we really have no control over moving on we have SS pay card which gives you two percent no annual fee and that's about it so one of the other features is that a does free financing over two hundred dollars and again I think you need to do it only in a situation where you get positive expected values so don't incur debt for no reason make sure it's revenue generating debt the next one is the city double cash card which is a MasterCard two percent and there are also bounce transfer offers and also product change options again the really good thing of city cards is that technically speaking you can product change between any of their cards also again the system might limit you based off their specific rules that we really don't know so let's say maybe your credit our credit score or whatever else isn't really high enough so the only let your product change to specific cards but I still think it's pretty good just because you have a full path of product changing so diving back into the point that I mentioned of Bank of America let's say you realize that again you no longer needed or the other situation is that they changed the card so let's say instead of it being two percent let's say the decider get rid of it and make it just 1% if that happens to any other card that doesn't have a product change path then you're stuck with that card here you can product change it to a dividend card or just one of those other cards that add value we've done full videos talking about the product change options for City and considering the best ones and again I think the dividend one is strongly worth considering just because it gives you a lot of value given how the 5% back categories work one other final note of the city double cash card is that you do still get 2% back even if you prepay your card so I feel like there's a big misconception where people think that if you prepay your card or let's say you pay it off early but you don't get that other 1% since it's technically 1% plus 1% but you still do you can look at data points online and people have been getting 2% even if you pay off your card the next day moving down the list we have the fidelity card again pretty straightforward 2% visa $100 after $1000 have spent product change options might be a concern here so it just depends on what you want to go down that route but pretty straightforward the next one on the list is a PayPal cash back card basically the same thing as a fidelity card and most of the other cards on our list the one really cool thing here is that there's no foreign transaction fees the final easy card on the list might actually be the best one of the bunch so this is the USA a limitless card it's a Visa card you're earning 2.5 percent so that's more than most of other cards listed the one thing to consider here though is that you do need to be a USAA member and you also need to have a thousand dollars in direct deposit into your USAA checking account to get this 2.5 percent rate so those were the easy cards and pretty straightforward just because for most of them you're getting a fixed amount and you know what the points are worth with the to hard level ones these are cards where you're getting points and the value really depends on how you want to use them but the freedom unlimited card you're getting one point exaltimer board points packed so depending on how you value that and how you want to use it that's worth between 1.5 it's a three percent return on your spend for this card you have bounce transfer offers and you also have really good product change options for the most part I'm not really going to cover this one and the next one to much just because if we have full dedicated videos for that and again we have a ton of other videos talking about how to use transfer partners and just a whole process the final card on the list is the American Express everyday card so here you're going to get 1x points back for normal purchases and then if you make more than 20 purchases a month you're going to get one point 2x back if you want to cash out the point Star Wars Eero point six cents per point so this means on a low ends you're getting a zero point six percent return on your spend and then then the high ends with the one point two rate times two percent so this is transfer partners you're getting about two point four percent for these last two cards I don't really think they're worth considering if you're someone who knows for a hundred percent certainty that they're not going to travel in the future but again even if you are thinking that you might travel I think the freedom unlimited card gives you a ton of value it gives you a lot of exit options and kind of pass to do different things in the future and again it's a card that's affected by 524 so if you do get other cards before this one you're not going to be eligible for this one even if you have let's say you make $200,000 and you have an 800 credit score they're not going to approve you on that note if you want to support our channel one of the easiest ways is to apply for the cards using the links on our site I'll leave a link down below in the description box below so I hope that was helpful and let me know if you guys have any questions my question for you guys is of these cards which one do you think is the best which one do you think is the worst how would you rank them let me know in the comments down below if you liked this video give it a thumbs up it really helps us out if you know anyone else who'd benefit from what we just talked about feel free to share this video with them because it's probably going to help them out but otherwise hope you guys liked it see you guys next time

Best Starter Cards (2018)

**Best Starter Cards (2018)**



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Find Cash Back cards like these here: Starter cards help you lay the foundation for your credit history. Learn more about the Amex EveryDay card: Click “Show More” to see Advertiser Disclosure

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hey guys it's Sebastian from a stubby and today we're gonna talk about the best starter slash foundational credit cards that you can get in 2018 but first if you are new here we're all about how to maximize Diwali for credit cards so how to get the most cash back and also how to travel for free if that sounds interesting than subscribe per channel let's get started kind of as a starting points but this video and most of my videos are really targeted towards people who are financially responsible this means that you are someone who is paying off your credit card info every single month or at least just not accumulating debt for the sake of it the idea is that you want to get more value that you're putting in so for a lot of these cards you're probably going to get between 2% and 5% back on all of your transactions and you don't really need to pay anything you shouldn't be paying interest because that means you're accumulating debt you should really be paying off your cards in full every single month otherwise none of this really makes sense and you're losing value with that out of the way starter cards as a name is probably not the greatest because you probably think that these are cards that you start with and typically you do kind of need pre starter cards in order to get these starter cards what I mean by that is that you typically either need student cards or secured cards or to just have credit in order to qualify for these cards for most of them they're not going to really issue these to you if you don't have anything if you are a blank slate so if you are a thin file or if you're a new file then there can't really do anything because they can't really trust you yet if you don't have any credit at all I'd recommend watching those videos because that's going to add a lot more value and then afterwards watch this one so let's say you got a secured card six months ago and you're waiting for that current card to either graduate or you're not really sure what to do with it you're going to start looking into starter cards most of these starter cards are ones that should not have annual fees and that still add value to you in the long term my recommendation is to start off chase cards so specifically the freedom card or the freedom unlimited or maybe the slate card if you can't get approved for those two other cards that we just talked about the main reason for this is because there's a rule called chase 5:24 which says that if you have more than five new accounts from any issuer then you're not going to be able to get certain cards so again by getting those other cards to Star Bank of America whoever else you're technically losing one of those 524 slots and most of those slots can typically be worth between 150 to maybe $1000 in value on the other hand though if you're someone who knows with a hundred percent certainty that you're never really going to get five new credit cards in a 24 month window then this doesn't really matter you don't really need to optimize towards that the benefit of the Freedom Card is that you get 5x back in terms of ultimate reward points for a lot of different categories throughout the year so for right now it's gas as well as mobile payments and again we have videos for each of these quarters typically so I'd recommend looking to the ones for 2017 as was the one for q1 of 2018 that way you kind of understand it a bit better the freedom unlimited is another good card to add here just because he gives you 1.5 X back Altima Ward points for all of your transactions for both of these cards the sign up bonus is typically 15,000 ultimate Ward points and at a minimum you're going to be able to redeem them for one cents per point so this means that fifteen dozen points is equivalent to one hundred and fifty dollars as a statement credit if you are someone who sees themselves traveling in the future maybe in one or two years then I would strongly recommend that you do not cash these points out just because they can be worth a lot more in the future especially if you're looking to do transfer partners so if a card let the Chase Sapphire Preferred or the reserve again in the future when you're looking at travel those points instead of being worth one cents per point can be worth one point five or maybe two cents per point if you want to put more information on those cards I'd recommend watching those videos because we've done a ton of videos at this point as a side note if you're looking to apply for any of the cards that we're talking about a really easy way to support our channel is to apply for the cards using the links on our site most of the cards we're going to talked about today can be found at their travel rewards or cashback if for whatever reason chase won't approve you and again getting the slate card which is a balance transfer card doesn't really work to get into the door then I would look into other cards or again maybe you just don't like chase or you don't care about those cards at all other good ones I'd recommend looking into or the discover a card so again the same idea as the freedom card you get 5% back on a lot of different categories every year the one interesting thing of the discover a card is that they have something called cashback match so all of the cashback that you earned throughout the year throughout your first year of having the card so let's say if you apply in February from this February until next February they're going to match it if you're someone who likes to do online shopping and this works out really well just because they have something called discover deals where you can typically get between 5% and 10% cash back in with cashback match that ends up being 10 to 40% back in my first year having the Discover card a few years ago I ended up buying a new computer and for that transaction I ended up getting a 30 percent cashback and it was something that was already on sale so again a ton of free value if you're willing to spend a few minutes looking into it the discover it miles card is another option you get 1.5 X back on all of your transactions and then in the first year cashback match meaning that you're getting 3% back this card only really makes sense in the first year though just because you're kind of looking at a minimum of getting 2% back if you're getting anything less than 2% it just doesn't really make sense because there are other cards that give you 2% the final 5% card that I strongly recommend to people especially if you don't mind planning out your quarters and again kind of doing a bit of legwork maybe five minutes every few months I'd look into the US bank cash plus card so this one is also slightly different than the freedom card in the discover it card in the sense that you don't actually have to go to the categories that they define you get to pick your own categories I'd recommend watching our other video on this and looking into the categories first just to see whether they make any sense for you if for someone who has a lot of spend in a specific category then I think it makes sense to get cards for those specific categories so for gas we've done another video on this you should be able to get 5% back on all of your transactions so the NRA card as well as the ducks card both gave you 5% back if instead you don't really spend that much money on gas but you spend a lot on groceries then I'd probably look into the blue cash everyday card as well as the everyday card by a max so both have kind of similar names but they kind of work very differently so one is based off membership or war points that everyday card and one is cash box a tableau cash everyday card if we're someone who doesn't really want to deal with a bunch of different stuff and you just want to get back I think the blue cash everyday card makes a bit more sense if you are someone who thinks that they're going to eventually travel then I think the everyday card makes more sense just because those points can be worth more in the future if you're someone who spends a lot of money on Amazon that I think the Amazon Prime card makes a lot of sense if you are someone who goes to Costco a lot then that one might make sense but for most people I typically don't recommend it especially if you run the numbers for myself it doesn't really make sense but it might make sense for you there was someone watching this and you're like hey this sounds pretty confusing I don't want to worry about quarters or using specific cards to specific places I just want one card that works really well if you do fall into this group then you're probably looking for a solid two percent back card and again I think for me you should be getting at least two percent back on all of your transactions if you're not then I think you're using the wrong cards there's a lot of different options here but I'm gonna focus on the two that I think are the most interesting that I like the best so the first one is a city double cash card and the second one is a paypal mastercard what both these cards you earn 2% back on all of your transactions of the city one you get the 1% back when you purchase stuff and 1% when you pay it off one common misconception is that you don't get the other 1% if you prepay your cards and again from my understanding from my research that's not true at all so again 2% for both of these cards the one big difference I think is the benefits that you get over the city double cash card just because city does have a lot of different benefits and for the paypal one you have no foreign transaction fees if you're someone who travels a lot than I think the PayPal card makes a lot of sense but then at the same time you might want to look into travel cards because you're probably going to get a lot of value there for the city benefits I think they are pretty underrated in terms of the side benefits you get as well as the other insurance benefits a lot of this depends on the cards and the specific benefits but I think for a lot of them you would argue that Chase American Express as well as City are probably going to be in the top categories for example if you do a lot of shopping then I think American Express is probably still on top in terms of return protection and stuff like that and then if you are someone who wants to do price protection and want to kind of match their prices especially if stuff goes down that I think cities probably on top right now the other benefit of the city double cash card is that you can product change it to a lot of other cards in the future if you start not to really care about 2% so I'm kind of in a situation where I kind of get at least 5% back on most of my transactions for dining I get about 4.5 – about 6 percent back so I'm not really looking at just 2% I want to get at least 5 to 10% I've mentioned this a lot in other videos but you really want to think about your outs so if you are a poker player or just someone who likes to kind of think about contingencies you don't really know what's going to be in the future so right now let's say you shop at Amazon a lot maybe in 5 or 10 or 20 years there's going to be a new service and you're not really gonna shop there anymore so for me back in the day Best Buy was a place I thought I would shop at a lot and now I barely buy stuff they're having cards where you can do product changes is going to be extremely valuable for this benefit in that way you can kind of optimize for yourself in the future when your own behavior and when your own habits and spending changes going back to 2% cards again there are a lot of different options right now your goal here is to find a card where you're not paying annual fee and again you're getting 2% back if you don't like city or if you don't like paypal then again go for those other cards they're not going to be bad for you the cards I would avoid though are the ones that give you less than 2% back in value or who just don't give you any value so there are some cards where they charge you an annual fee and the benefits don't really make it worthwhile something that a lot of my viewers are going to notice is that I talk about the same cards and the main reason is because they tend to be a lot better than the other options yes those other options exist but for a lot of different reasons they're just not as good so I hope that was helpful and let me know if you guys have any questions my question for you guys is what was your starter cards or how did you kind of start off let me know in the comments down below if you liked this video give it a thumbs up it really helps us out and if you know anyone else who benefit from what we just talked about feel free to share this video with them because it's probably going to help them out by the wise hope you guys liked it CSX time