ONLY 5 Credit Cards You'll EVER Need 💸🌴 

would be nice to get a Delta Silver status tho. I can't afford the Centurion with it's Delta Platinum 😅😅

@@lewis20002000 Yeah at least something would be nice. Maybe in the future!!

You are not allowed to Misspeak. If thats a word hahahaha

I see the AMEX blue cash preferred and the no annual fee Capital One Savor card as a better option for food. Especially since the first year is $0 for the blue cash preferred. With the gold card, you'll be paying $250 annually. I just couldn't justify that.

Because you can’t speak from experience because you don’t have one.

Hm? I need to spend how much???

Just say you’re poor lil bro

​@@CarminessonHow mdo you have invested?

@@Carminessonjust say u a shitbag lil bro

​@@Carminessonlil bro everyone is mostly broke

Venture X is trash. They're constantly removing benefits

Venture X is by far my favorite card for the money.

It’s really hard to get. My credit score is 810+ and I still failed to get it twice. Some say you won’t get it if you have more than 10 cards, seems like it’s the case.

How do you get $300 back per year?

@@laismag It has a $300 travel credit if you book travel through the C1 portal

It does have high annual fees, so you’ll want to be sure you’ll get positive value from these cards every year. I agree with you there! This is a travel focused setup, so if you’re on team cash back, this one isn’t for you. Good points!

@@SpencerJohnsonOfficialCapital One Venture X & Savor. Savor is the Amex gold but $0 annual fee. Venture x pays itself off

That’s a fair point! I’d say I agree with that for most renters for sure!

If bilt starts to allow point accumulation for mortgage payments I’m getting it

Omg I didn’t know about the BILT card until I saw your comment today! Thank you @hays0939

I always hear people talking about fraudulent charges on the BILT card tho

Id add that you have to make at least 5 purchases with the bilt card every cycle to earn points on rent charges.

idk if youre joking but its actually $1040 and if you actually use the credits they give, you'd really only be paying $55 to $105 annually

@@hsn5115vs capital one venture x and savor, literally pays itself off

That would be another great option for sure! I just personally want to completely separate my personal and business expenses once hitting the SUB on my BBP, so I will continue to use my CFU as my catch-all card in my personal setup. That's not a bad switch to make though!

It depends on what partners you value higher. I’m open to all of the main lenders so I have a catch all card in almost all of their ecosystems depending on what points I need more of at the time.

Great point! I'll probably use my Venture X for that now, but the CSP has some good coverages as well.

That’s awesome! Everyone’s setup may be a bit different, but it’s cool to see when setups align as well.

That's a fair point! As I mentioned, everyone's setup will be different, and the Venture X is a great card to add! It all depends on your goals with your cards, but I have no issues with the VX at all.

@@SpencerJohnsonOfficial Very true! Some of the cards you mentioned have there own perks that the venture x may not offer, but others may prefer. Just thought I’d throw that one out there for others to consider

Yeah I agree with you. It’s a personal preference thing and it’s definitely hard to make the best judgement for everyone in one Short, but as long as people do their research before applying and can get positive value from the cards I mentioned, I don’t think people would be disappointed. There are modifications that could be made for sure though, so thanks for pointing that out!

I’ve heard great things about that card! It’s got a cool name too. What does it get you again?

The platinum gives you free lounge access, elevated status on hotels which allows for free early check in and free late check out and also for an elevated room at hotels as in a higher floor or better view along with the best travel Protection for your bookings as well as luggages. Along with $200 credit towards airline category purchases like checking bag or drinks on your flight. So even if you are traveling for “free” there’s additional bonuses you can get by using the platinum card. Hope this helps.

Yes all of the above and 200 in uber credit

Correct! They’re still a credit card loan on your credit report but being charge cards you have to pay them off in full every month.

you should be paying off a credit card at the end of the month regardless, it isn't free money

@@ykx777 no one said it was. But sometimes it can make sense to carry a balance. It’s not always cut and dry.

Thank you for this info.

@@Adventure-with-Drewit never makes sense to carry a balance but sometimes life isn’t cut and dry….is probably a more accurate statement.

Yes, unless the freedom flex has a quarterly bonus for gas

This is an older video and I didn’t cover every possibility. I actually have the Venture X myself and not the platinum card funny enough. They’re cards targeted at different people though.

If you’re asking about why certain places don’t take Amex, it’s because Amex charges a higher fee to the seller than other payment processors. Luckily a lot of places in the US take them, but that’s not the case in every country.

I came here exactly to say this. It probably gets him more views saying “free!” than saying mostly free.

It’s effectively free if you’re just using your normal spending habits to earn the welcome offers/sign-up bonuses.

You can always check the Credit Community Discord server that has a page full of referrals!! It's linked in all my recent video descriptions.

Just the Chase Sapphire Preferred has an annual fee of $95, the other Chase cards mentioned do NOT have an AF.

@@gwm55 Thank you.

Couple months. If h redeem the bonus or w.e u gotta wait 4 years before h can redeem it for the other card

That's fair! If you won't use the credits on the higher annual fee cards and can't bring the effective annual fee down, I wouldn't get them. Also if you're focused on cash back, these cards aren't for you really.

Plat gives you 5x on plane tickets (booked directly through airline) and 5x on hotels booked through amex portal. It does not give you the 4x dining and grocery that gold gives you. It also lets you get into the airport lounges. Chase sapphire preferred gives you 1.25x in chase travel portal, chase reserve gives tou 1.5x in chase travel portal. HOWEVER most of the time you dont wanna do this because the highest value way to spend chase ultimate rewards points is by transferring them to Hyatt. Not much reason to pay the $550 a year for Chase Sapphire reserve especially cuz the multipliers are almost identical.

Or apply for one new card each year and get the sign up bonus 🤷🏼‍♂️

Compared to using cash or a debit card I’d consider it free! Just speaking strictly on the rewards you earn. All flights and hotels can be booked with points and you can even cash out points to use for food and activities if you wanted, all from earning rewards on spend you’d be doing anyways. But if you’re talking about the annual fees, you’d have to make sure you get positive value from the credits on these cards every year, but if you do, you can not only break even on the annual fees, but actually profit substantially every year. It just all depends on what fits your strategy.

That’s awesome Alex! It’s super solid for sure.

I'll do my best to help! The biggest thing I'd check is what lenders have your preferred airlines/hotels as transfer partners. I would be surprised if Capital One has exactly what you're looking for, but through airline alliances and such, you should be able to book domestic flights with a little bit of extra work. I'd almost be tempted to recommend the Chase Sapphire Reserve in this case since you already have the preferred. I say that because if you're only traveling domestically, the 50% boost on your points in Chase's travel portal is a better deal than transferring to travel partners in a lot of cases. Plus they do still have access to a lot of domestic transfer partners as well which is nice. And it comes with Priority Pass access. The Amex Platinum is going to be the king of airport lounge access, but it's hard for me to recommend it with its annual fee. For me, it would be way too much work to get value from it to justify it right now, but that may not be the case for you. Also, you could look at the Hilton Aspire since it has Priority Pass lounge access, but you have to be a pretty big fan of Hilton to have that card as your main travel card. At the end of the day, I'd choose a card with the lender that has your preferred airline and hotel as a travel partner, has an annual fee that is really easy for you to get positive value from, and has some airport lounge access (which all luxury travel cards have SOME of). Hopefully that helps a bit!

@@SpencerJohnsonOfficial thank you so much!! This is great help, now I’m leaning towards the csr haha. I saw the Amex Hilton honors business but idk what transfer partners they have

Of course! Just make sure you do the calculations to see if that card would make sense for you. Honestly if I could get the welcome bonus on it right now, I’d strongly consider it. As for the Hilton cards, those points are not transferable since you’re only earning Hilton points rather than Amex Membership Rewards points. So you’re tied down to Hilton with those cards. The same goes for every co-branded card out there.

@@SpencerJohnsonOfficial the annual fee the on that car would be around $250 after the $300 credit which isn’t that bad. Is there any other cards you might recommend with lounge access ?

There are other ways to get value back other than the one credit, but you’re correct, it still has a pretty high effective annual fee. I think I’ve mentioned all the ones I would look at personally though. You could really go with any of the ones we’ve talked about, but I’d do the math to see which ones have the lowest effective annual fee and has the travel partners you desire.

Thank you sir!

@@SpencerJohnsonOfficial Kudos for 50K+ lol!

@@10000motivation I appreciate it man! A great topic + great editing will do the trick 😉

That's a great question! It really all depends on your goals at the end of the day. There are a ton of great cards with a multitude of lenders, but whether you are on team cash back or team travel will help determine where you should get started. My credit card roadmap video helps explain how I think about what cards I should add next and the questions I ask myself to come to those conclusions which may be helpful to you. Without knowing your particular goals, I can't say for sure what lender is best for you, but I can tell you that Amex is a fan favorite. A TON of people love Amex, including myself, but the one issue with them is that they have a very small collection of cards without an annual fee, but again, if your goals are to travel with your points and such, then those annual fee cards can make a lot of sense. Citi has a great trifecta for very cheap too if you wanted to check them out. Their points are also really simple to use which is nice. You could get the Citi Double Cash, Custom Cash, and Premier cards which all compliment each other really nicely. Once again, it all depends on your goals, so I would look into each of them respectively (including Capital One too), and then let me know if you have any questions about the one you wanna go with. Hopefully this helps!

Thank you Michael! I'm glad you enjoyed.

Good question! The Amex Platinum card doesn't give you airline status, just hotel status. However, you do get a $200 airline incidental credit with it, so if you are loyal to one of Amex's transfer partners, you could book all your trips with them to work towards loyalty and also use that credit to save you some money every year.

You don't have to have to get airline status with the AMEX Platinum, the BOA manager can get you a OT purchase for your bank, and be free to do anything free on your bank

I’m not sure I 100% understand what you’re saying, but it seems like you’re implying that Bank of America has a special program that gives you pseudo-airline status? That would be interesting if so.

@@SpencerJohnsonOfficial Yeah I only ask because you mention in your video that the Amex Plat helps you get airline status. That's misleading as it doesn't help at all. And the $200 incidental credit is extremely negligible when you often need to spend thousands with one airline to get to the lowest level elite status.

@@MikeCampton You're 100% right. I didn't even realize I said that until someone else pointed it out, so you're right about that. I apologize about that! I've added that to my pinned comment.

The Reserve is a great card too for the right individual! I get a lot of value from the CSP with just a $95 annual fee since I prefer to transfer my points out to travel partners and the CSP gets me that for a much lower annual fee. But if you prefer only one luxury travel card, there’s 4 main ones to choose from between the Platinum, Venture X, Hilton Aspire and Chase Sapphire Reserve. Everyone has their preferences though and I think the CSR is really solid for the right person.

Not unless you rob the plane my guy.

I’ve never had a few on an award booking that wouldn’t have also been on cash booking. What example are you thinking of?

If you don’t get positive value from the credits NATURALLY every year then these cards aren’t free. If you do, they’re effectively free. It’s a simple math equation, but if that’s not how you see it, then maybe these credit cards aren’t for you!

Glad you liked it! Just make sure that if you do add these cards you realize that the power that comes from them lies in using their points for travel and getting value from their credits. If you check those boxes, this can be a really solid setup!

Thank you!

These cards are personal cards meant for those who want to travel.

Do it! It's a bit outdated but I'd like to see your take on it!

You don’t need an extraordinarily high score to get them.

It’s $1040 in annual fees, only half of the number you quoted. And if you use the credits offered by the annual fee cards, you’d actually be making money, not losing money. If the credits offered don’t appeal to you, then this setup wouldn’t be a good option for you.

It depends on your spending habits and what you value for sure. I don’t think it’ll really ever die, but there are many other setups you can go with other than it as well. What do you use?

Thank you good sir!

When you say you don't see the benefits what do you mean? The benefits are definitely there, but do you mean you don't use them?

Great point! I do love the venture X. It could technically swap out both the Platinum card and the CFU at some point since it’s both a catch all card and a luxury travel card.

@@SpencerJohnsonOfficial If you qualify. It is tricky. Super high credit score does not get one approved.

BTW: Costco doesn't accept any of the Chase cards or Amex.

BREAKING NEWS: Man shops at Sam’s

I use my chase sapphire preferred at Costco. Works fine for me

The freedom unlimited is visa. It works there.

@@PorkShark CFU and CSP both work at Costco.

If there is one thing in life that you can get away with doing for free, it is traveling

@@_Killinit_ false. Independent fact checkers have verified that nothing in life is free. This includes traveling.

It’s free if all you are doing to earn the points is putting spend on the cards you would already be spending anyway.