Wow, I learn way more from this channel than I did in college. Love it!

@BeatTheBush

6 жыл бұрын

You're welcome! Life skills I guess? =D

@JJerry-mh1mp

6 жыл бұрын

then what's the point of spending all that money ? 300 $ text book wtf america's a hack

@1rocknroy

6 жыл бұрын

And those textbooks have more unnecessary prefixes and suffixes than you can shake a stick at. Makes the author look smart I guess.

I started researching tips on saving money and spending less because I'm starting a Ph.D. program and me, my husband , and 2 kids would be living off of the stipend I would get with my assistantship (which is low, but at least I won't have student loans) I realized that I don't want any loan, I'm happy not being in debt, and hopefully by the time I get my Ph.D. I would get a job where I also don't need debt. I want to thank you for all your videos because they did give me hope that what I want (which is to not be in debt) is tangible! I don't "need" a lot of the things that I "want", that is where I started with your videos, and I ended up subscribing!!

Love your vids. It's worth mentioning that some banks will waive your annual fee if you ask nicely, and if you've been a good customer.

@BeatTheBush

6 жыл бұрын

And their determination of this is pretty black box. Sometimes they will, other times they wont. If you ask to cancel the card, they might cancel it or they might offer you the waived annual fee.

Can you transfer points to another card? For example I just opened a Amex Gold Premier but I don't intend on keeping it a full year (will cancel after 11 1/2 months) and paying the annual fee. If I have points left can I transfer those to my Amex Blue Card then cancel the gold card?

can i transfer the points on my amex with annual to another amex i have without annual fee ... and them close the one with annual fee?

Thanks to you I have saved $700 in 3 weeks by not spending outrageous amount of alcohol

@BeatTheBush

6 жыл бұрын

Lol... serious? Don't tell me you used to drink that much yourself? It's much healthier of course to not drink so much.

@julial3758

6 жыл бұрын

Please please ditch the drinking; not just for the $$$...save your liver.

Good going +BeatTheBush you convinced me that whenever I earn my $25 credit card rewards, I'll immediately apply it as a payment to the cc I use most often.

@BeatTheBush

6 жыл бұрын

Ha! I'm glad! Cash is more valuable when it's in your checking account. =D

Looking good nice haircut and short. Info is also helpful😄

I like the purple shirt. Thanks for a great video as always!

@BeatTheBush

6 жыл бұрын

Yeah? I just ironed it, that's why I wore it. =D Ironing... sigh...

I do have a couple hotel cards but I use them rarely. I find I am using them for small purchases around $20 and clearing it shortly after. Then it sits for a month or two until I do it again. This continues until I have a break for off time and I stay at a hotel.

Aloha state of mind I'm going to guess and say because the Gold card has an annual fee and your canceling the card in 11.5 months since it's a transfer i'm going to guess and say yes. there your points. however you can't do a product change from the gold to the blue you can apply for a blue card but you can't do a product change.

awesome information thanks for sharing!!!

@BeatTheBush

6 жыл бұрын

You're welcome! =D

I'm just starting with credit card rewards. I had Amazon shopping points and I use them for Holiday shopping. I just was approved for cash back cards and Amex does statement credit which is OK with me. If I want to save my rewards, I can always deposit that amount of credits into savings instead of paying toward the card balance.

@BeatTheBush

5 жыл бұрын

You can do either but sometimes, depositing into an checking or savings is better.

I have $193 they want to put in my savings! Good idea?

We are super frugal people, but when Christmas comes around, we go crazy and freely spend our year's worth of credit card cash back (he has a card; I have a card) on gifts and holiday donations and Christmas dinner.

@BeatTheBush

6 жыл бұрын

I think of credit card cash back as cash. It's not free money but money you earned through effort. So I just put it in the checking account and save it. Different way to look at it I guess.

What I like to do is wait until the cash back amount is equal to one of the bills that is charged onto the credit card. I'll redeem that amount before the statement period ends. So it's kinda like receiving a month of free service for that specific charge. And the money otherwise spent on paying it off can now go towards something else like savings or whatever.

@BeatTheBush

6 жыл бұрын

Ahhh you like the redeem for a charge method. Cash is cash to me, I would just get it asap as their policy allows.

Mine is set up to be automatic, when it gets to 25 dollars it gets deposited into a savings account

@raycch8668

5 жыл бұрын

Which card is that?

So pragmatic. Makes sense. The commercial before this on my computer/account was for a credit card search company. For now, I don't need one. I think when I start my business, I'll want one for it (after the business has a record).

@BeatTheBush

6 жыл бұрын

Oh like tells you which credit card to apply for sort of thing. Thanks for the info. =D

I use my monthly Chase amazon prime CC cash back and apply it to the statement balance asap.

@BeatTheBush

6 жыл бұрын

Yup. Why let them hold on to your money right? Get it when you see it rather than try to build it up to a hundred or more.

Im still in the experimental stage with credit card points. I have two cards with points benefits and Chase has been the most hassle free this far. Still have to wait and see how flexible AMEX is ppint wise.

@BeatTheBush

6 жыл бұрын

The amex blue allows you to get the cash back $25 at a time.

I shuffle my cashback into my high interest money market account. It's not just the $9.21, it's the future value of $9.21 over time. I went back and checked; you do look good in purple. :)

@BeatTheBush

6 жыл бұрын

What? Lol... purple ha ha.

I redeem about once a month and usually go for cash. I have other cards but tend to use the cash rewards. I usually spend the cash reward on a monthly bill, reducing my expense. Interesting to see how much I could set aside if I put all my cash rewards in a separate account for a whole year. I might try this, see how it turns out. Although the idea might encourage more consumption than I usually spend on? So Maybe just for the bills and use another card or debit for other spending.

@ginfreecss3883

Жыл бұрын

How to cash out cash rewards ?

I want that steak ...

I have a habit of sitting on top of my cash back awards. I have like $220 sitting there on my Capital One Quicksilver. I'll use it one of these days.

@BeatTheBush

6 жыл бұрын

You'll have to spend to time to figure out if the money every expires. It also costs you inflation to keep it in there. Cash it out and stick it in a high yield savings and you get 1.2%.

Beatthebush can you do review the moviepass for 10 bucks a month plan.

@BeatTheBush

6 жыл бұрын

I haven't watch a movie for a while let alone a dozen movies in a month. Let me jot that down. Thanks!

@julial3758

6 жыл бұрын

Yes please, I've been considering to hop on that!! $10 for a month. you get to watch one movie a day. My local theater is on board with that. Tell me if it's worth it :D

@roxcyn

6 жыл бұрын

spicydavid2005 - If there's no contract, it would be worth it if you go to 2 movies or more a month.

Wow! Cool shirt!! LOVE it!!!

@BeatTheBush

6 жыл бұрын

Thanks! I ironed another shirt again. =D

You dont really ever want to cancel a card if you're looking to have great credit. So be smart picking your cards!

@BeatTheBush

5 жыл бұрын

I cancelled 6 the past month. It's at 832/850.

the 3 ways to redeem cash back are 1 a statement credit 2 some banks and financial company's will direct deposit a check into your checking account 3 gift cards. most cards points/cash back don't expire except Citi there double cash back card from what I hear there cash back does expire i'm not sure if it's 6 months or a year but it does expire. With Discover have you noticed in the gift card cash back section they have a couple of mistakes they Neiman Marcus under fashion when Neiman Marcus is a department store have you noticed this? with cvs they have them under health and beauty when cvs is coded as a drug store? since you have way more credit cards than I do have you noticed on there gift card redemption any other credit card company other than Discover have you noticed any mistakes? what do you think about Discovers cash back center gift card? they seem to be missing quite a few places in health and beauty like they don't have Evelyn and crabtree , stores no Walmart or target under restaurants no Ruby Tuesdays how do you feel about there gift card redemption center? I have 2 cash back cards Discover More I redeem my cash back close to the end of the year like around November last 3 years I redeemed a Red Lobster gift card so while Holiday shopping I also eat out. My American express blue cash card I redeem for a statement credit.

You look nice in purple

@BeatTheBush

6 жыл бұрын

Thanks! =D

@bethm3152

6 жыл бұрын

Yes, I agree, that's a good color on you

One of the cards I'm going to apply for, the DuPage CU Platinum Rewards card, offers 5% back on Charitable donations with no caps. However, when I asked specific questions to the phone rep in the credit/loan department, she told me that there's a $4.95 fee to redeem your points?! That's the first I've heard of such a thing, but actually, my plan for charitable donations ongoing once I get this card is, instead of donating every month, save the money in my Insight savings account, and then after 12 months donate all the money I'd otherwise have donated each month. The main purpose is to time this to hit high donation matches, as periodically many charities will get grants or other sponsorships to match your donation, even 2 or 3 times over - I once got a mailer that offered 10x donation matching! This will maximize your impact. But also, by donating all at once, you can redeem all of your points at the same time without it having to sit there, as with that $4.95 fee you're not going to want pull your cash back out frequently. If I donate $2400 a year, that's $120 in cash back. At this point, I could either pull the money out, swallow the fee (or hope the phone rep was mistaken about this fee), and go with it, or wait a second year and pull out $240 for one fee instead of two. The "problem" is that if you pull the $120 out, get $115 and put it in the Insight savings account, it'll earn about $5.75 in interest during that period, so after 1 cycle the value of keeping it as reward points or putting it in the savings account is a wash. So actually it might be better to keep it as reward points so that the CU doesn't get miffed about you keeping no value in the account and just earning and extricating $120 in reward points once a year without ever paying any interest.

@BeatTheBush

6 жыл бұрын

Yes, you can minimize the fee by waiting until you get a large amount before you use the cash back. It a bit annoying to have to hold it for a year though.

@roberttaylor8906

6 жыл бұрын

BeatTheBush well I'd earn the points all at once, the money would be accumulating in the savings account. There's no reason I couldn't just pull it out immediately after the first redemption, I wouldn't need to hold on to the points for a year, it's just more or less a wash.

I’ve got about $400 of reward cash sitting in my Capital One Quick Silver. I’ve decided to just let it build. 💳

@BeatTheBush

4 жыл бұрын

Hmmm... why? Only good to leave it if you can get 25% more bonus value in some cards.

@tonysteel1377

4 жыл бұрын

BeatTheBush, I’m not into points, just give me the cash. Yet besides, it’s a mini tax shelter for the small gains. The IRS considers the sum as a discount, versus actual income.

Wish you made this video long ago T_T stupid credit card is like a big leech. STuck with it until I use my points... but the problem is... it's not worth it using it on those PRODUCTS they try to sell you with the points. It's better for flight. I THINK... (-_____-)" In the end that I've been with this card so long. I think it's ripped me off more than I have benefit.

👍

Barclaycard is so annoying with the $50 minimum. Takes me forever.

@BeatTheBush

6 жыл бұрын

It is annoying but it wouldn't make me not use the card. The amount is small and you wont earn much interest if you put it in a savings account anyway.

I redeem my cash back when i buy things on amazon.

@BeatTheBush

6 жыл бұрын

If you can get cash it's better because you can get 3%/5% more back by buying Amazon stuff with a credit card.

@Justmylukc

6 жыл бұрын

I did not think about that

You still not explained how to redeem the cash back from the cash back credit cards . I just want to know how to use???.....Let's say I have a 1.5% cash back on every purchase for a 10,000 $ credit limit card . So I will get 150 extra next month????... please explain ....In my credit card it says " spend $ 1,000 in a month and you avail the cash back". I have used already used $8000 from the $10,000 credit card . so I have to pay only $7000 before the payment due???

@BeatTheBush

6 жыл бұрын

You usually only get the cash back at the next statement date. If you spend $10,000 and you get 1.5% cash back, you will get $150. This will be in your credit card and you will have to log into your account to choose for it to be credited to your account. Generally it will take a few days.

when i turn 18 i want to put the cash back into my brokerage account

@BeatTheBush

6 жыл бұрын

It's such a small amount for cash back but I suppose it'll build up over a long period of time. You make a much bigger dent by just putting a chunk of savings in there but likely better to put in tax advantaged accounts first.

@JM-oy8gz

6 жыл бұрын

+BeatTheBush thank you sir i just plan on using that cash back on commission fees fidelity charges 4.95 , im about to switch to td ameritrade if i put 3000 i get 500 free trades for 60 days

@BeatTheBush

6 жыл бұрын

Ehhh... forget about paying for trading fees these days and those out of date brokerages. Try this: kzread.info/dash/bejne/f2qCl5azp6rIipM.html

@JM-oy8gz

6 жыл бұрын

+BeatTheBush damn thanks bro thanks alot!

1st

@BeatTheBush

6 жыл бұрын

Thanks for being frist! =D

@TigerQuan96

6 жыл бұрын

Big fan of yours! While most of the credit score and credit card tips and tricks works differently in Singapore compared to the US, it has been fun listening and transferring some of the knowledge to a local context for me. =D

2nd 😂

@BeatTheBush

6 жыл бұрын

=D

Protip: Don't get credit cards!! Use savings!

@BeatTheBush

6 жыл бұрын

Credit is not for everyone. But you cant buy a house with savings unless you save for a really long time.

@nicolek8971

6 жыл бұрын

True