Your travel strategy is absolutely the best, you go above and beyond and I have never seen another creator go this in depth, they just pander to social media trends

The truth is with this recent economy Everyone needs more than their salary to be financially stable. The best thing to do with your money is to Invest it rightly because money left for saving always end up used with no returns....

@taxuantrung3268

Жыл бұрын

The FED has lost it and the sad fact is, it's pretty obvious that we are headed for hyperinflation. I would advise you invest rightly because sooner things might get ugly.

@ebenezerdsouza2105

Жыл бұрын

I agree with you and believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don't know who agrees with me but either way I recommend either real estate or crypto and stocks.

@Tammymaidhof

Жыл бұрын

@@ebenezerdsouza2105 Yeah!! It would be more beneficial and yield more profit if you actually trade on cryptocurrency I've been trading since the dip, I've made so much profit trading

@taxuantrung3268

Жыл бұрын

@@Tammymaidhof Do you work with someone or you do this on your own? Can you guide me?

@Tammymaidhof

Жыл бұрын

@@taxuantrung3268 The adviser I'm in touch with is STEINER CHIARA SCHMID. She works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result, she provides entry and exit point for the securities I focus on.

His addiction to 5% is really helping us. And I wish you a happy new year and may you get addicted to more things so we can benefit from your addictions.

Great job once again. Glad to see you back updating credit card videos.

@HeythereDavehere

Жыл бұрын

It was too long!

Thanks for the shout-out Dave!! The new system looks great, I can't wait to hear about your final cashback numbers in 2022!

Great to see you back to the KZread space Dave! Looking forward to the 2022 cash out video and any other CRO decisions you've made, given this ridiculous year lol. Unfortunately X1 reached out to me saying they aren't taking any new applications so I've been sticking with my USB Altitude Reserve which gives me '3X on Apple Pay' spent (4.5% cash out on travel)

Love all the changes! The non-category spend is often overlooked and I too have settled on the X1 for that and then some.

@HeythereDavehere

Жыл бұрын

Great card and literally the only credit card app I actually have on my phone

Been looking forward to an updated version of your strategy. As before, I'm impressed.

Another card to consider is the AAA Visa lineup issued by Comenity Bank. They have 2 cards with no annual fee. 1 gives you 5% back on grocery store purchases, the other gives 5% back on gas. (It also gives 3% in several other categories) 2 things to keep in mind: 1) you can only get one or the other - NOT both so choose wisely. And 2)They also have a credit card offer with US bank. Make sure you apply for the one with Comenity bank as the US Bank one tops out at 3%.

@357twilson

Жыл бұрын

Do you have the card? I am looking at the 5% on gas. I heard bad things about Comenity Bank.

@Cody_Powers

Жыл бұрын

do you have to be a AAA member?

@BronxBombers_726

6 ай бұрын

@@357twilson I agree about Comenity Bank. Their reputation is not good. So the other card from AAA is through US Bank. That may be the way to go.

@BronxBombers_726

6 ай бұрын

@@Cody_Powers No you do not. However to sign up use a zip code to find the particular card you want. Again, I would stay away from Comenity Bank. They will cut your credit limit without warning. Not good when you're on the road.

Haha, I love the evolution and the updates Dave! You're my hero!

Fantastic Video! Tracking expenses with my new wife this year and we are going to look into this a lot as the year unfolds. Thanks for the tips!

@HeythereDavehere

Жыл бұрын

Glad it was helpful!

Great setup Dave. Getting 5% back on things is a great feeling! The Amex gold is definitely on my radar for later this year. 💪🤑

Happy New Year Dave. Love the new card strategy but I am missing the X1 card. Really difficult card for me to get. Great to see you back and looking forward to more videos.

Great video. I wish you would put out more content. I’ve watched you for years and I’ve gotten some great tips in the past. Between friends, I think you may have made your life more complicated than necessary. I’m using the AMEX platinum from Schwab and the Bank of America premium rewards with the platinum honors boost and at the end of the year I’m looking at between $4500 and $5000 in cash back. We just got back from a top shelf New Year’s vacation in Turkey thanks to that “free money.” 😂 Happy 2023 and keep the videos coming !

Always love watching your content

Jacksucksatlife gang haha

Super informative! Love how you break it down and ease of listening. subscribed!

Good stuff Dave. Just a note, you can have multiple Citi Custom Cash cards and BAC Cash cards. Also, rather than the BAC Premium rewards card, I think the BAC travel card is better, has no annual fee, no FX fee, and the same 1.5% cash back on everything uncapped (+ plus the premium rewards boost). You can redeem it for anything travel, but the category is so broad that I redeemed it for rent payments.

@yoalaskan3275

11 ай бұрын

I am not clear how you are redeeming for rent? are you doing straight cash back option since you are making too many points?

Thanks again for a great update!

Finally back with credit card videos.

Great video Dave! Learned a lot from this one. Best credit card content on You Tube!

Thank you Dave

I made it to the end. Thank you for the info.

Dave would hit me over the head for the cards I have: American Express - Platinum, Gold, Blue Cash Preferred, Hilton Aspire Chase - Sapphire Preferred, Freedom, Amazon Prime CaptailOne - Venture (annual fee version) DiscoverIt Apple Card 😅

X1 changed the 3x rewards a couple days ago (they must have watched this video). If you signed up for the X1 Card before January 18, 2023, you were subject to the 3X Annual Spend Bonus, which gave 3X points on all Eligible Purchases once you reached $15,000 in eligible spend during your Cardholder Year (each anniversary of the date your X1 Account was activated) for the duration of that year. Once you reach the end of your Cardholder Year (i.e., the next anniversary of the date your X1 Account was activated), you will become part of the 3X Monthly Spend Bonus program described in detail above. You do not have the option to continue with the 3X Annual Spend Bonus program once your Cardholder Year expires.

How about the US Bank Altitude Go for dining? No Annual Fee. Unlimited 4% cash back on dining. No Foreign Transaction fees. It’s a Visa 🤷🏼‍♂️. Also Check out the US Bank Altitude Reserve. The 3x points that are worth 1.5c per point on all Mobile Wallet Payments will is a huge deal. 4.5% statement credits. Check out the “real time rewards” feature. US bank Cash+ 5% back on certain categories you can choose 2. Utility bills is a awesome one. Cable, internet and streaming is another. Set them and forget it…

Thank you for this video. I'm currently learning how maximize points/cash back out of my credit cards and this video was extremely helpful.

my 5% cards are in my sock drawer now. This year I'm working on 15% cashback on gas, groceries, and dining SYW card. Traveling is strictly points this year. Frugal living for 2024.

I was using my Citi Custom as my gas card; but then I decided to app for the Abound Credit Union Visa Platinum which gives 5% on gas. This frees up the Citi Custom to become my dining or grocery card depending on what my rotating cards from Chase and Discovery are doing. I also use discount gift cards to augment my dining. Like if Paypal is a 5% category; I can stack that 5% by purchasing a discount gift card often getting double digit on my dining. Thanks to my Paypal card and BoA card's online shopping category I can always get at least 3% on Paypal; so any discount card offering more than a 2% off discount can exceed a 5% dining category...and I pay no annual fee.

@johnnyc5922

Жыл бұрын

Other options for gas is the AAA Advantage Visa Signature: 5% on gas and electric charging up to $7000/year. And Redstone Credit Union's Visa: 5% on gas and restaurants.

@crazykenbei

22 күн бұрын

Get more custom cash cards lol

I made it to the end, your awesome!

+1 for custom cash as a gas-only card. I just ordered mine for that exact reason.

Dave's 2023 resolution: Post more videos! But on a serious note, what do you think about the bill that would ban credit card companies to offer rewards? What are the chances this passes? I am very concerned, as a small business these rewards help me out tremendously.

Hey welcome back! I subscribed to your channel a while back after watching your every crypto cards video, which was cool

I think the best strategy is to continuously opening credit cards with $0 fee or $0 downgrade paths and get 10-20% cash back on everything with the sign up bonuses

This is amazing TY. It makes sense. I'm trying to up my credit card game.

Great video Man

Wow! So much detailed information in this video. I really appreciate that. Subscribed!

Great video Dave.

Get a curve card and add 1% to all your cards. You can also add rules so it picks the right card to use.

You make my day!

Yay, it’s Dave!!! I’m loving that lighting setup in the background!! 🎬👍

@HeythereDavehere

Жыл бұрын

Thanks Lisa! It’s a permanent sunset at my house 🌅

@lisaautry

Жыл бұрын

@@HeythereDavehere A permanent sunset....sounds nice!

Paceline Visa - 3% on everything, 5% back on groceries/pharmacies/sports stores. Free Apple watch credit. $40 annual fee, must reach 150 elevated heart rate minutes per week to get the Boost cash back I listed, if not, it goes down by half. Love this card and use it as my catchall. I'm already into exercise, but it's easy to hit the active minutes in three workouts a week.

@HeythereDavehere

Жыл бұрын

Thanks for sharing Matt. I saw Ben @TheCreditShifu talk about that card. Interesting concept, but a little too gimmicky for my taste.

Thank you for the quality content

Since you quoted my comment(thx), I will add more. My current sytem has 1 BofA unlimited for non-category purchases (2.625%), 2 CFF + DiscoverIT for rotational 5%, and 5 BofA Cash Rewards (5.25%) + 2 CCC (5%) configured to be complementary to CFF&DIT, and overall the whole year, I managed to achieve an average 4.85% cashback. Absolutely $0 AF setup, and no points redemption hassle. Simplely cashback.

@HeythereDavehere

Жыл бұрын

Wow. Just wow. That’s a lot of cards! (5 BofA cash?!) I admire your determination to the no AF high cash back way of life!!

Hey there Dave! Love this new guide. Still using the wells fargo propel card you recommended so long ago! Thanks for the update. Wish the x1 gave real cash back though at 1 to 1.

Hope you had a great Christmas and new year Dave! I was so excited for a new video about credit cards. Do you use your credit card to pay your income taxes?

Gotta say your set looks lovely, that background is like a good whiskey and high grade honey desert. 👏🏻👏🏻

Hopefully the wealth save visa comes out. My strategy would be to have that 6% cash back on absolutely everything and Bilt for 1% on rent. Also please check to see if the restaurants you’re going to count for the full 4.3% cash back on average for your Amex gold.

Great video! Love the production!

@HeythereDavehere

Жыл бұрын

Much appreciated!

Great vid

Let me give you a little tip Dave. Ditch the Citi Custom Cash card, Get the Gemini card. 10% back on gas till November.

he's back!

Love the quality video

I wish you had a podcast or something, your voice is pleasant to hear storytelling

I did it! I made it to the end!

Very cool thank you so much 😊

Dave, I think my setup is way better! I use BofA 4 cash reward card each at different category. One for gas, one for online, one for dining and one for travel. Yes you can have multiple of the same card. They cap at $2500 per quarter, but since you have 4, it's much harder for a single man like me to spend over those limits.

Anyone come here to see if he says “hey there, Dave here” later in the video?

@Jamie.

Жыл бұрын

He doesss

@Iwastolatetochangemyhandle

Жыл бұрын

@@Jamie. yup, I watched this after Jacks video and then when I re watched Jacks video I got so irritated he didn’t watch 5 seconds more😂

Dropping two comments. Thanks for your alternative opinion on the cashback world. Too many love to accumulate points but cash is king!

@HeythereDavehere

Жыл бұрын

Totally agree

Wow! Inspiring. I’m doing this too.

Dave, what about all your other cards? Do you keep them alive with minimum spend or do you cancel them (which i imagine isn't great for your credit score)?

Hi Dave! How about a video on potential stock advice? Thanks

Do you have any videos about how you manage your checking, savings, investments, retirement etc? Can’t find much out there about which specific platforms/banks people use.

Great video Dave! You should also do a restaurant blog with all that eating out.

Thank you for putting this together, and thank you so much for doing all that insane extra work so we don't have to! I don't know if you read comments this far back, but a recommendation for 2024 would be to look at other, more typical categories like groceries. Most of us don't have the ability to travel or dine out a lot, groceries and gas tend to make up the book of expenses, and of course that Amazon!

Hey there Dave, how do you find out about all these cards? Like do you go through every credit card company or is there a side that summarizes all of them?

Smart Fella! 😂 I did product change from my Double Cash too!

Hey there dave

Freedom Flex, Prime Card, Verizon Card (often overlooked), custom cash and double cash combined pretty much average me ~4.1% back on everything with no fees (minus Prime I guess but I don't count that). Dragged down by the 2%er but I get to get real money outside specific merchants with it and don't have to beg other people to get a card (I'd have to beg, Dave has a business pretty much doing it and there is nothing wrong with that).

@HeythereDavehere

Жыл бұрын

Good system. I like it! No begging required 😉

I see Dave Hanson. I click and watch. No questions asked!

nice!

Just found out bout you this week and man I subbed and love watching your videos 💯 just got my crypto card and started on crypto can’t wait!

Nice setup I started using cards last year and I have the cash back plans only due to my current job position. One thing that changed this year you may want to look into which will free up your Citi Custom Cash for other opportunities is the Redstone credit union's Visa Signature card it's a no annual fee with 5% return on restaurants and gas I thought there may be a catch to this when the pre approval arrived in my mailbox and they haven't updated their site in December now that January is here the site is updated which makes it a must have for my wallet.

@slchance8839

Жыл бұрын

redstone credit union....good one. looked it up. thank you

@victorvargas9330

Жыл бұрын

Great card, great requirements. Unless one works for the government or the army, laymen eligibility is only possible if situated and working for certain organizations in AL and TN. That 5% cashback in restaurant and gas is nugget gold to HA, CA, NV, and WA.

@randydodson1570

Жыл бұрын

@Victor Vargas yeah it is gold i know the credit union started in Alabama and is now in TN not sure if I got the offer because im a member living in TN, but manthe bonus is a bit lacking for 3,000 spend for $150 something not quite reachable at the moment for me until I finish my citi custom cash card. I would suspect anyone should be able to grab it that would be a good benefit for all of us you shouldn't have to bank to get it.

@victorvargas9330

Жыл бұрын

@@randydodson1570 You got 90 days, friend. That's like $1000 a month to figure out. At the same time, you wouldn't know how much of a credit limit they may impose on you which might make it a challenge to reach 3K. Good luck.

@randydodson1570

Жыл бұрын

@Victor Vargas yeah thats real facts it will pay for itself quick even if i don't hit it so im not truly missing much if I do miss it.

These vids are addicting to watch; one day will be good to know all this

Another way to get 5x on everything is if you buy Visa gift cards with the Chase Ink Cash! More work involved but great payoff!

Coinbase debit card has 4x on xlm, for everything else expenses that you normally can’t get refund for, e.g., electricity, water bills.

SAY HEY THERE DAVE HERE NOW

Made it!

I made it to the end!

Impressive video! I use the Discover it (rotating 5%) and Freedom Flex (rotating 5%), with the Citi Custom to fill in the gaps at 5%, Sapphire Preferred (essentially $45/year) for dining/travel/free DashPass, and finally the unlimited 2% Wells Fargo card for everything in between. Unless you're a baller those annual fees take a lot of spending to be worth it.

@docsays

Жыл бұрын

Thats a close to the setup i run.

@toxicviks545

Жыл бұрын

What does the rotating 5% mean?

@honeybadger_x

Жыл бұрын

@@toxicviks545 So you get 5% back on those cards, in different categories that rotate quarterly throughout the year. So quarter 1 (right now) with the Discover it you get 5% back at grocery stores. Quarter 2, 3, and 4 it might be gas stations, Walmart, things like that. Makes it a little more work to keep track of, but worth it in my opinion.

@toxicviks545

Жыл бұрын

@@honeybadger_x oh okay thank you! So it also works like that with the citi custom card is that different?

@honeybadger_x

Жыл бұрын

@@toxicviks545 So the Citi Custom is funny. Basically every payment cycle (30 day period that doesn’t necessarily start on the 1st of the month), you get 5% back on your highest spend category for that payment cycle. So if your other 5% cards are covering you for grocery stores and Walmart, this cycle you might use the Citi every time you fill up at gas stations, and you’ll get 5% back on all of that. Basically whatever category you spend the most on will be 5% back, and everything else will be 1% back I believe. So you can fill in the 5% gaps essentially with the Citi.

The X1 card redemption at Costco and Home Depot is .71 of a cent, not 1 pt to 1 cent. Those are the two stores I spend all my money. Also, they no longer retroactively give you the extra bonus point. So 2 pts per $1 for first $15K or 3pts after spending $1.5K each month. It takes 5 days to clear any payments as well and no phone call CS. I am ready to switch cards again. I would rather pay for a 3% than this card.

Bars are not included with the Amex gold. This is why I use the usbank go.

What retail partners are eligible for the 2X? Is it everything except cash redemption?

AMEX Blue Cash Preferred Card at 6% on groceries might deserve an honorary mention.

What do you think about the Venture X with 10x points on hotels and car rental?

What are your thoughts on the X1 now?

Id recommend the AMEX BCP for 6% on groceries and streaming services

For frequent traveler, which card is best ?

Currently trying to do this inhuman amount of research as well but for reward debit cards. Fun for me, but more options come out of the woodwork every day.

Not bad! I earn unlimited 7.5% back on noncategory spend, 9% on Amazon, and 10% on groceries and dining (only 8% on dining depending on the quarter). All with no AF.

@digitalwitness9305

6 ай бұрын

Using what card? Lol

@graysonsmith7031

6 ай бұрын

@@digitalwitness9305 doesn't work anymore. But I used to be able to pay my credit card bills with the coinbase card earning 4% back in crypto (that I would sell every few days for real money), I was also using the curve card which earned an additional 1% CB on all purchases, and finally I got the Ollo Optimum which earns 2.5% on everything. So for all noncategory purchases I was earning 7.5%. Everything else I was able to earn about 5% additional back on assuming it wasn't a visa card or had some weird quirk, from there it's fairly easy to tell how I got 10% in some categories. From the coinbase card alone I was able to pull in almost $2k (real dollars) before they dropped the reward rate from 4% to 0.5%. At 0.5% it's not worth the hassle and I almost lost my Ollo card when they got suspicious of me making all the payments through PayPal.

Dave can you do a office / camera / lighting setup for 2023

Wow that’s a smart plan

I didnr know the x1 card has a limit on the 3x points. Where exactly can i find this info?

Awesome video and welcome back Dave! Seemed like you were on an indefinite vacation 😂Going the cashback route when you can get such a high return on basically every category imaginable is a solid way to go about it!

With the Amex platinum Schwab card do you still get the same benefits as the original platinum?

How did you get the house hold program to give the secondary user the 5% on the credit card?

Question for Dave: in your dining analysis chart at 6:33, when you were analyzing the Sapphire Preferred, what value did you assign to it's points?

@HeythereDavehere

Жыл бұрын

Good question. In the chart shown on screen, I valued everything at the cash value. For the Sapphire Preferred, thats 3X points for dining worth 0.01 +10% annual bonus = 0.011 = 3.3%. I also reviewed and considered 0.011 +25% (travel/pay yourself back) = 0.01375 = 4.125% but excluded it from consideration because I was looking for a card to use for dining and I didn’t plan to use the card in categories that qualified for that bonus… WHICH, by the way, Chase removed from the card yesterday!! There is no more 25% bonus on the Preferred for Pay Yourself Back and the 50% bonus on Reserve was cut to 25%.

@tecdive8045

Жыл бұрын

@@HeythereDavehere I assumed you had made this thorough analysis, but had to be sure. BUT - did you ever consider transferring UR points at maybe $0.02 / point to an airline for redemption instead- which could in perfect circumstances yield 6.6% from just using the card for dining? Or maybe there is something I am overlooking that makes that not a good option. Cheers

@ericandbeck

Жыл бұрын

The 10% annual CSP bonus is on base points only, not on multiplier points, so the CSP dining return is 3.1x not 3.3x. But I still consider 3.1x UR better than AmEx Gold 4x MR because I value UR higher than MR, because my preferred way to redeem is high-value Hyatt transfers. For example I’ve got Wailea Beach Villas booked in July at 4.3cpp. 4.3cpp x 3.1 UR/$ of restaurant spend = 13% back on restaurant spend using CSP.

Made it to the end!

@Ragnar0321

Жыл бұрын

you want a cookie and milk?

@HeythereDavehere

Жыл бұрын

My favorite viewers always do!

Watching this from Canada I’m a little jealous at the value of US credit card rewards. I think I have about the best value I can get in Canada until my annual income is sufficient to qualify for Mastercard World Elite status and the equivalents from Visa and Amex. If American Express were more widely accepted in Canada it would certainly be my most used card.

@HeythereDavehere

Жыл бұрын

Yes, the US credit card market is pretty unique

For the $10 a month Uber credit on gold card can you add $10 to Uber balance for future rides? In case I don’t use?