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Team travel all the way for me right now. Although it takes a bit more work to get the maximum value from your points, I like the game behind it. I do envy the simplicity of cash-back setups at times, mainly because you can get cards with any lender without pledging loyalty, as you mentioned. A bit of both can be a good thing though!

@rmknicks

Жыл бұрын

I LOVE the game behind it. I'm kind of obsessed.

@SpencerJohnsonOfficial

Жыл бұрын

@@rmknicks Same here haha

TEAM CASH BACK 💸 💰 🤑 🙌 💳

@BlackJesus8463

Жыл бұрын

yup

@chrisbrown8748

Жыл бұрын

No!

@Jay-pf2cn

Жыл бұрын

Gimme dat money 💴 money 💰

Team cashback for me. My idea of a vacation is to load up my truck and drive to a wilderness area, then hike in a day or so, or at least until I have no cell service and see no signs of people, then spend a week or more in the bliss of not having to be in the proximity of other humans. Not much in the way of travel cards for that!

@mikegoodwin2386

Жыл бұрын

I hear you. Most of my travel involves driving somewhere. When I get there, I'm usually sleeping in a tent. I don't stay in hotels/motels all that often and haven't been on an airplane in several years. So I'm mostly team cashback. . . . But, there are a few places I'd like to fly to that I just haven't gotten around to yet, so I'm dabbling in travel rewards and saving up some points on that side too.

@waluigisim

Жыл бұрын

I’m the same as you but I like to go out of state at least once a year to backpack and explore new parks/wilderness areas around the country. The travel cards help me with flights and car rentals for these trips That said, the rest of my outdoors time is spent within driving distance so I do use a mix of cash back cards too

If you love travelling and you're able to work remotely or easily take time off then points are the way to go.

Cash back is the optimal method for 99.9% of people.

Team Cashback

There was a study done on cash back versus travel credit cards. Not surprisingly, it found that most people on average spend about ~ $2,100 a year on travel according the the Bureau of Labor Statistics. Given this, it found that a majority of people would be better off using a cash back card. They also stated that you would typically need to spend ~$8,300 per year to make a travel card worth it. This of course depends on the card and your particular spending levels. Travel hacking (opening cards to get the reward bonuses) aside, most people just need a good cash back setup or possibly a hybrid approach.

Great content as always, thanks Adam!!!

I love cash back. I look at it as a back up in case I need cash. When my daughter was young, her b-day was November and Christmas was the next month. I let the balance build up all year and used the money for those two expenses. It kept me on a budget of spending, depending on how much I built up, and I never spent a penny of my own money. Later on if I had to pay taxes, I used it for that.

I’m overseas 50 weeks out of the year, and I’ll end this calendar year with 31 segments flown, so I’m all Team Travel. Some of those points this year turned into a Hyatt free night in both Hawaii and Guam, and very reduced prices on round trip business class tickets on several 14 hr trans-Atlantic flights by paying half-cash/half-points.

Thanks, proudmoney! Lots of great points in here for people on the fence like me 😆 I'd like to try the travel points some day eventually but for now cashback and a few extra little perks works for me. They just need to give us cashback people more/higher rewards and perks so we can feel special too! 😉

I'm mostly travel points, with a little bit of cash back. I like Chase because you can cash out the UR points or use them for travel, so it's very flexible.

I have all cash back cards with the exception of the southwest credit card. I think it really depends on what your goals are what kind of rewards you go after. Right now I'm using my points for cash back on all my chase cards.

For the average Joe; Cash back. For Richie Rich; travel 2-3 times a year, maybe you do care about points, lounge access, stats/es and award travel.

Glad you mentioned the "where you live" and "flexibility" aspects. I live in the center of the US and I tend to be an event-based traveler. I travel for sporting events, concerts, holidays, family events, etc. Which means my travel isn't usually very flexible and I am rarely physically near the good deals. I've tried for many years to get good value out of travel points and usually failed. As such, I prefer cash back or points I know I can get at least 1cpp minimum like Capital One or Chase. I really struggle to get any value out of Amex points in particular.

I like both CB & Travel.

I run a hybrid system though I’m leaning more into the travel side now as I’m planning to start taking trips next year and I love the idea of using points to cover airfare and hotel expenses. I will say though that one potential issue with travel cards is that you may be able to justify the annual fee one year when you’re doing a lot of traveling and actually redeeming your points, but you may not be able to justify the annual fee during the years in between when you’re saving enough points to take a trip. Unless you’re a really high spender, you’re likely not going to be able to earn enough points every year to get value from your travel card every year, but you will need it once you’re ready to redeem your points, and I doubt if the credit card companies are going to let you cancel it in the off year and only hold it in the on year. So, you’ll probably just have to eat the cost and hope that you get enough value in the years that you travel. I’m willing to do this with something like the CSP, but not with a more expensive card than that.

Hybrid. Mostly cashback but a little bit of travel (CSP with a CFF generating points for it).

I don't travel as much as I'd like to. I work in public education and can't take more than 3 consecutive non-sick PTO days during the school year. Such is life. I get it. I do like to try and do an annual summer trip with my family of 4, so I'm team cash back. I put the extra cash aside and then apply it towards those summer trips or keep it in savings.

I’m team cashback, but I do have 2 credit cards that earn miles, I use them every now & then, points are easier to devalue, cashback all the way

I use a mix. I use citi custom for gas. Gold card for dining and some hotels through there portal.. BCP for groceries. Wells autograph for a catch all and wells active cash card for straight 2 % back. But plan on getting the venture x for travel as well.

I’m mostly on team travel but I definitely have many cash back cards as well.

I am team travel but always look at 1 cent per point value. The majority of the time I get far more value out of my points that way.

I have a bit of disposable income (5-10k per year) and I really want to travel the world so obviously I am team travel. Meanwhile my parents who are almost ready to retire are living paycheck to paycheck despite their best effort. In there case team cash back is the clear choice for them

I think the average person would be best off with a 2 percent card and then an occasional sign up bonus from a travel card. You just can't beat the value to effort from a 60,000 to 100,000 point SUB.

Team cash back but have been contemplating dipping my feet in travel. Not related: super interesting to hear your review of the AAA daily advantage card. Been really contemplating getting but fear that shortly after I get it they will nerf it (bad memories from my Uber credit card a few years back)

I think it really depends on your financial situation, for someone who works an hourly wage job and doesn’t have a lot of vacation days, I think it is more important to get any extra cash you can. But if you are someone who is living comfortably and can afford to pay annual fee and can actually take advantage of those travel benefits as well as able to spend money just to use it on trips. Personally I would rather get money back to pay my bills and expenses, I am not in that see state where I can even afford to use my vacation day to go travel. I am using my vacation day to work another job

I’m more conflicted about this because I have the cash back cards but often times, they don’t stack up when redeeming them in comparison to travel rewards. The other side of this, the major travel cards accumulate at a slower rate only if you don’t travel as much. I often wish there was an in-between card where I don’t need to go to a “specific” portal or only get value by select partner redemption 🤷🏼‍♀️

Went looking for the guy who said nature is cool and leave it all behind (yet has notifications on for every video), and sure enough, he beat me here

I love traveling and paying for those flights/hotels/rentals with points from time to time is absolutely delicious.

I do a hybrid, gas and hotels, and catch all is cash back for me. Everything else travel points. The biggest frustration is going to redeem travel points and there are no good redemptions or nothing available

I personally think keeping your foot in the door of both is the way to go. I have never traveled and don't have plans to anytime soon but I'd like to some day, so that's why I have the freedom cards and the amex everyday card. All no annual fee cards that earn rewards points and can be redeemed for cash if I decide not to ever travel after all, and then if I ever do decide to travel I will get the sapphire preferred and/or the amex gold and platinum for the bonuses/perks/benefits and I'll already have a stockpile of points saved up from the no annual fee cards. And in the strictly cash back side of things I have the amex blue cash everyday and the capital one savor

@manleteater1970

Жыл бұрын

As far as I know, you actually can't transfer the points from the Amex everyday card to the amex gold/platinum. However, if you have either the CapOne Savor or Savorone cards you can transfer those points to the VentureX card which would provide similar value

I would say I'm hybrid now, Costco, Sam's or use there and gas. A 2% card for misc. expenses a BOA I hold because it has a very high credit limit. For travel, Delta AE (bag fee, boarding, now discount on points bookings), Marriott AE and Hilton AE, Cap One Venture X (lounge access, flight booking), Chase Sapphire (flight booking). I think I am going to get rid of the Marriott.

Im looking at the Charles Schwab Amex trifecta for my late game. About the only way I could justify a Platinum card.

I like the idea of points, but everytime I sign up for anything with points, the points start losing value or the expiration system is updated to disappear my accumulated points before I have enough to redeem them for anything. I've never had good luck with points. Not that cash has been holding it's value very well either lately...

Are the bases bigger to tag that home run on cash back now? (Did I just open a can of worms on the baseball news of the day?)

Love chase hybrid approach; definitely my cup of tea. I can’t go all in travel pts because it can be devalued depreciation especially in a economic recession

@docsays

Жыл бұрын

- same with me neno. Chase is my favorite card issuer

@callmeNeno

Жыл бұрын

@@docsays total agreement Doc. My two favorite issuers:NFCU & Chase

@docsays

Жыл бұрын

@@callmeNeno - yup, im down with Chase & NIH FCU.

@357twilson

Жыл бұрын

Economic recession? Didn’t us conservatives tell you this would happen if you voted for the Democrats? Funny, I bet you haven’t learned your lesson yet.

I wish there was a combination in which I could have a cash back card that I could transfer the cash back to my travel card to use. I’m currently looking at a Hilton card offer.

@antman674

Жыл бұрын

Citi now lets you use thank you (cashback) points for travel redemptions. But I dont know how how lucritive that option is compared to amex and chase points. So far from what I briefly looked into it, it seems like you still only get 1c per point. But could be a step in that direction.

@docsays

Жыл бұрын

Chase Freedom cards to sapphire card Citi Custom Cash or Double cash to the Premier card

I’m wanting to get flight tickets would 5x points be better to use or my 5% cash back?

@Olafdaschneemann

3 ай бұрын

Look at the travel protections offered by both - that’s where you’ll find your true answer

Every cash back capital one card is a travel card if you use the C1 travel portal

Most of my older cards are CB but I prefer travel points and perks now.

@brentlee6616

Жыл бұрын

Same here, but I don’t travel like rhat, I want something still simple just like a basic cb card, but can still redeem for travel maybe like once a year or something. I saw the X1 credit card fhag can fit this niche, is it a good card?

Travel portals are all overpriced though. I'd do miles for a huge signup bonus but it would never get my regular spend.

@ProudMoney

Жыл бұрын

I don't know that I agree they are all overpriced but you definitely aren't going to get great deals through them.

@kylewelch8697

Жыл бұрын

Portals like the capital one have lowest price guaranteed so makes it easy if you find something lower. I have done it quick and easy

@BlackJesus8463

Жыл бұрын

@@kylewelch8697 That's cool. I've probably only seen AMEX, Chase and US Bank and it was before the pandemic. Cap1 has really good customer service though so that's no big surprise.

The best card is no card. Living off grid and out of the game is the only way to go in a world full of distractions and tick tocks.

@jefff6884

Жыл бұрын

Sounds boring.

@ProudMoney

Жыл бұрын

Fast comment!

@berryzedzero

Жыл бұрын

@@ProudMoney "gotta go fast" -sonic the hedgehog

@kylewelch8697

Жыл бұрын

Naw I like free money for spend I am making anyways

@berryzedzero

Жыл бұрын

@@kylewelch8697 everything has a cost

I am team both! I have: CSR, Freedom Flex, Amex Gold, Amex BCE, WF Active Cash, and CO Quicksilver. :)

I’m out of the game for now everyone so please stop asking.