Credit Card Rewards--How to build wealth with credit cards

Рет қаралды 14,082

4 жыл бұрын

In this video you'll learn how to maximize credit card rewards and invest them to build wealth. We look at a free credit card rewards calculator and discuss the best credit cards to get the most out of your rewards.
RESOURCES MENTIONED IN THIS VIDEO
Credit Card Rewards Calculator:
Alliant Credit Union Visa Signature Card
www.alliantcreditunion.org/ba...
2.5% Cash Back
$10,000 Monthly Spending Cap (1% thereafter)
$99 Annual Fee (waived the first year)
Apple Card
www.apple.com/apple-card/
3% Cash Back at Apple
2% Cash Back w/ Apple Pay
1% Cash Back on all other purchases
No annual fee
Chase Sapphire Reserve Card: www.allcards.com/chase-sapphi...
3x Points on Travel and Restaurants
1x Points on all other purchases
$300 annual travel credit
50% point bonus when redeemed for travel through Chase
$550 annual fee
Chase Sapphire Preferred Card: www.allcards.com/chase-sapphi...
2x Points on Travel and Restaurants
1x Points on all other purchases
25% point bonus when redeemed for travel through Chase
$95 annual fee
Terms & Conditions of credit cards change frequently, so the above information may have changed. Confirm terms with the credit card issuer before applying.
TOOLS & BOOKS I LOVE
My Book (of course): amzn.to/3by10EE
Empower (Personal Capital): go.robberger.com/empower/yt-
ABOUT ME
While still working as a trial attorney in the securities field, I started writing about personal finance and investing In 2007. In 2013 I started the Doughroller Money Podcast, which has been downloaded millions of times. Today I'm the Deputy Editor of Forbes Advisor, managing a growing team of editors and writers that produce content to help readers make the most of their money.
I'm also the author of Retire Before Mom and Dad--The Simple Numbers Behind a Lifetime of Financial Freedom (amzn.to/3by10EE)
LET'S CONNECT
KZfaq: kzfaq.info/love/9C1...
Facebook: / financialfre. .
Twitter: / robert_a_berger
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. Your investment and other financial decisions are solely your responsibility. It is imperative that you conduct your own research and seek professional advice as necessary. I am merely sharing my opinions.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning at no cost to you I earn a commission if you click through and make a purchase and/or subscribe. However, I only recommend products or services that (1) I believe in and (2) would recommend to my own mom.

Пікірлер: 23

@thefinalcry 4 жыл бұрын

Thanks for the upload Rob, I always enjoy your informative videos!

@johnbrown1851 2 жыл бұрын

Saw your other credit card card video and applied for capital one savor one card ( 3% back on groceries and dining-my biggest expense) . Then applied for fidelity card for 2%back on all purchases. My credit union card was only paying 1%. I hardly ever use cash, just get too much change and it is a hassle, so almost all my purchases are paid with the card and I pay the balance monthly. Thanks for the inspiration to make the change!

@markx1232 2 жыл бұрын

Such great delivery Rob, well done 👏

@Mike-123 2 жыл бұрын

There are definitely some good cards out there as well that do the rotating 5% back categories. It's a little annoying to sign up for things every quarter and keep track of what deal is going on when, but they occasionally do have some pretty good categories for the bonus percentages. It can definitely boost your effective percentage rate.

@OroborusFMA 2 жыл бұрын

I've used bank account "churning" to make extra cash that gets invested into dividend stocks. Unfortunately the bonuses have really shrunk the last 18 months so a newbie would not make half as much as I was making.

@jimbertrand2499 3 жыл бұрын

Funny bloopers!!!

@himanshupatel5287 2 жыл бұрын

X1 credit card, 2% on everything, 3% if you spend 15k or more

@Danilo0717 2 жыл бұрын

How do you recommend when shopping for a credit line? Each time you apply you will have a hard hit which can hurt your credit score.

@johnbrown1851 2 жыл бұрын

Whole foods charges more so you aren't really saving 5%, I don't think 🤔. Like their food though.

@GangstaNerd 3 жыл бұрын

Is the Latte factor what David Bach rants about?

@2024FingersCrossed 6 ай бұрын

Yes, he talks about it in an earlier video.

@hollywoodstacks394 4 жыл бұрын

Sound like all lies,like he really did look down at some paper to read 32 cents

@rob_berger 4 жыл бұрын

For what it's worth, I really did!

@PhillipS5428 2 жыл бұрын

Probably way over-spent to get that cash back. You're playing a game you can't win. Being frugal, spending less, and saving, will make you wealthier than overspending for the cash back.

@higiniomorales459 2 жыл бұрын

the key is to only use the card on things you're going to purchase regularly on a month to month bases, and if you see a friend or love one using cash to buy something. offer them to give you the cash instead and pay for their purchase with your credit card.