Credit card bonuses can be one of the most lucrative ways to make some extra cash for something you were going to get anyways. VPN:
Now I do know people that use credit cards for travel points and also cash back credit cards and a bunch more. Some people like Dave Ramsey might say Credit cards are bad don’t even do it, it doesn’t make sense but for me, it’s a little bit more complicated. So I went ahead and found the top 5 best credit cards with signup bonuses. In this video, I made sure to include the Top credit cards for travel, cash back and any other benefit you could think of.
Key Questions Answered
1. What are the top 5 cards and why?
2. Why is this a good strategy?
3. How to get the bonuses without spending money?
Bonuses: 70,000 which equates to $700
– Earn Unlimited Miles 2x miles ( every dollar you spend you get 2 points)
– % miles back when you redeem ( You redeem a 100 bucks you get back 5 points for redeeming)
– 0 apr for balance transfer for 12 months if done 45 days after opening the accounts
– $89 yearly fee waived the first year
Point System: 1 point (equals) .01cent | Example 70,000 points (times).01 (equal) $700
Requirement: Spend 5k within the first 90 days (10k points for these also)
Cons: $89 after that, but you could probably ask to be waived every year and say “the competition is free and offer the same stuff”
Verdict: If you can manage to spend 5k in your first 90 days which is around $1,666 dollars a month, and received 700 back in point then it’s a no brainer. As long you already are spending that money on a monthly bases and are just paying with the card and paying it off every month, then you are good to go.
Capital One Savor
Tip: some people with 830-850 credit score were still denied
Bonuses: $500 bonus
– 4% cash back on dining and entertainment
– 2% cash back on groceries
– 1% cash back everywhere else
– 8% Back at Vivid Seats (concerts)
Point System: Not points just cash back really
Requirement: Spend 3k to get that $300 within 90 days (this gets cash back also)
Cons: Annual fee is not waived and costs $95 annually
Verdict: Let’s say you get this card which is not the easiest to get. And you have to spend $9500 annually to get that $95 dollar fee made back at 1% cash back. But if you’re using it for dining and entertainment and getting back 4% then it’s only $2,375 you have to spend to make back the $95 annual fee. So to get this card you have to be spending a ton of money, so it’s more of a business card I would think or a card you use for every date, vacation and stuff like that. This would be my Hawaii card.
Bonuses: 60,000 points and in some cases 70,000
Point System: 2x (double points) if spent on travel or dining
– 1x(regular) if spend on anything else
– Plus 25% bonus for travel redemption
Requirement: $4,000 in the first 90 days to get a bonus ($1333 monthly spendings)
Cons: Chase 4/24 rule applier
– Annual fee not waived the first year $95
Verdict: I love chase But when it comes to this credit card signup bonus from chase, I think it’s pretty good, its around $700 plus 25% for travel redemption which adds up to 750 from 60k points.
AmEx EveryDay Credit Card
Tip: use incognito mode to get access to offer
Bonuses: $250 dollar bonus
– 2x points per 1$ on supermarkets ( 20% if you use the cards more than 20 times per month)
– 1x for everything else (plus 20% bonus)
Point System: You earn 1 point per dollar
– One point = 1 cent
Requirement: spend $2000 bucks in your first 90 days ($666 a month)
Cons: The cash back is not really that high compared to another competitor that offers 2%
Verdict: It’s a good credit card with a cool signup bonus that you could use on a daily bases or when grocery shopping to earn extra cash back.
Discover it Referral
Note: Become a Discover Cardmember and get a $50 Statement Credit with your 1st purchase within 3 months.
Information is key
*2 FREE AUDIOBOOKS*
ACORN FREE $5
*FREE KINDLE UNLIMITED (traditional reading)
My Camera Gear:
✔ Help Us Reach 5000 Subscribers: