How much value have you received from credit card points? 💳 Sebby's Card Picks: www.asksebby.com/credit-cards 💳 Learn more about Ink Unlimited: asksebby.com/go/ciu 💳 Learn more about Ink Cash: asksebby.com/go/cic

I completely agree. you are actually losing money if you pay anything with cash. but it's a dangerous game. you have to know what you are doing and you have sufficient self-discipline.

I put my debit card in my sock drawer, and put all of my regular spending on my Amex Plat, Gold, Green, Everyday Preferred, and Amex Blue Business. Paid it off every month. AMEX points I have accrued paid for a 10K vacation with alot of points left over. Ask Sebby is the one I followed to teach me how to think differently about spending. It made me think of all the years i've been using cash, checks and got nothing back for it. I shake my head wishing I would have started 10 years ago and how much I could have accrued in points.

I am personally one of those who don't trust credit cards since it's not so common in my country but when my mentor at work informed me of the perks, I decided to give it a try. At first I got so excited and bought stuff I didn't really need but now I'm starting to control my spending habits and it even made me more practical.

Took 2 trips to Mexico last year, flights on Southwest with Companion Pass. Did 6 days/5 nights @ Hyatt Ziva Puerto Vallarta all-inclusive w/flights for $230. Did 6 days/5 nights @ Hyatt Ziva Cabo all-inclusive w/flights for $240. My +1 and I can't live in our midwest city for $230-240 per week - we'd be driving, going to grocery store, etc. We went on those trips to save money.

I have low/mid spend and I made about the same, $1700 in value in a year. That's without going too far out of the way. Everyone who hates on cards either doesn't understand them or doesn't understand how easy it is to keep track of 10+ cards.

They failed to mention the main reason I stick with credit cards, which is security. Also, less activity on your checking account means you're less likely to overdraft because an auto payment hit at the same time as you made a large purchase or a hold was put on a debit card charge. ☕

☕️ I’ve been a credit card point nerd for years. I think people they don’t enjoy the point system just aren’t meant for the game.😂 we have accumulated so many points and use so many on excellent travel opportunities. I do agree that the point system it is mostly geared towards people that have the luxury of putting things on credit cards due to good credit. Keep up the good work Sebby!

I buy everything with credit card and enjoying those cash back..the key is to make sure you pay off your balance every month

CNBC should be using Ask Sebby for this type of videos

We will need horcruxes to defend against the Dave Ramsey types!

On a quick mental calculation, I earned somewhere around $4000 towards travel from various rewards last year, and paid $1190 in annual fees (but only $540 in effective annual fees after credits). And that's just with fairly normal spend and no new cards or sign up bonuses. I've saved rewards up for a few years over the pandemic and we've already booked $5000+ worth of "free" travel for this year, plus more to come. Hoping to get some new cards later this year as well which should probably add a few thousand more. It's a pretty lucrative way to finance travels and I wish more people could see the value.

☕️ I’m new to credit carding. I consider it a new (expensive) hobby. For years I was dealing with financial illiteracy and being in debt. After learning how credit works and how it should be used, I’ve cleaned up. I’m taking what once used to cripple me and making it into something positive.

I got over $12,000 in value from my points last year, on an average income! I think the biggest mistake people with higher income make with their points is they don’t optimally use them. I know a lot of business owners with a huge stash of points that travel, but they only redeem their points for gift cards 🤦🏼‍♂️ with a small shift in the way they use their points they could travel way better and way cheaper.

I try to think of my credit card as a debit. I want all the points but I don’t want to go outside of what I can pay off each month. I get nothing back if I pay in cash or with debit!

I mean I always tell my friends why use a debit card instead of a CC and getting rewards but they're too afraid to overspend but I told them keep the same financial mindset as you are paying with a debit card

I have been watching your videos for a couple of years now and I always redeem through airline partners!! Thanks for being such an awesome teacher!!

$1,700 is for rookies, I broke $10k last year in total value. ☕️

I do not pay cash for anything unless I absolutely have to. I have cards for everything, Groceries, Restaurants, Flights, Everyday Purchases.

☕most of the people I talk to about having a lot of credit cards have old school mindsets. I like the single digit credit utilization. Also, I cannot agree more that sign up bonuses are great. Cash back rewards helped me furnish and decorate my house for stuff I wanted/needed regardless. 😁

Thank you for everything you do, Sebby! Big fan!

Great reaction video. Speaking as a mortgage lender: manual underwriting doesn’t impact your interest rate. Loan program, down payment, occupancy, property type, credit score and debt to income ratio will.

☕ Great video brotha. I am still crazy about credit cards too.

☕️ a lot of people that don’t like credit cards seem to fall into two camps. On one side, it’s almost like a morality issue if you use credit. These are usually the Dave Ramsey types. On the other side, there is a lot of arrogance. I can’t tell you how many times I’ve had people scoff at me for paying an annual fee on a card. “Why would you pay a fee to a bank to spend you own money?” When you show them the numbers, the goal posts shift and all of a sudden I’m overvaluing all these benefits I get. Meanwhile, the same people criticizing have memberships to places like Costco, Sam’s Club, or Amazon prime. Zero awareness 😂

Over the past 2 years, my brother and I have managed to accumulate more than 2.7 million Amex and UR points, thanks to creators like you! Keep up the great content Sebby! ☕️

Do you have a video or a system to stay organized when paying everything on cards? Just started this method, but figuring out a good way to keep track of due dates and annual fees and card benefits to make sure I use. Thanks! Love all the content! Keep up the great work!

☕ I just don't bother trying to explain credit cards to people anymore... They always hear x annual fee and immediately get turned off even after I lay out the effective annual fee

☕️ Sebby you should make a video clarifying business vs personal expenses with your business card channel. I feel like a lot of people, even business owners, are confused about that topic.

☕️ I listen/watch your videos often:). I always learn something new and beneficial. Your website is incredibly helpful as well! TY!

About 12 years ago I ruined my great credit when I took some really bad advice from some well meaning, but credit ignorant, people. Once I dug myself out of the trenches and started to see enough of incline in my score that credit card companies were willing to take a chance on me again, I decided that I would immerse myself in credit knowledge in order to ensure that I never made the same mistakes again. Since that day I haven't touched my debit cards. I strictly use credit cards and make sure that my credit works me instead of me working for my credit.

My opinion on credit card s is what ever Sebby tells me it is!

☕ #squad. Last year was a good year. Venture X SUB and Citi Premier SUB. 160,000 points at a modest 1.5 cpp is an easy $2400 in value. That doesn't include my other spend. I just booked a trip for later this year where I transferred some of those very points to travel partners for approximately 3 cpp. The true value has been wonderful. Thanks Sebby! Lastly, I don't argue with people about finances/CC. Those that are close to me are comfortable asking and I provide answers. One of my closest friends used to always, in good faith, critique this hobby.....until we had a delayed departure in Vegas. This was about two years ago when guests were complementary. A few hours In Vegas enjoying the Platinum Life changed his tune 😂

As an average consumer, I get about $500 in value every year from my credit card spend. That’s in cash value alone, not elevated value for transferring points. That’s also not counting any signup bonuses.

Had some solid redemptions last year, flight to/from Denver with 3 night stay at Hyatt and First Class tickets to Hawaii. I love the flexibility credit card points give you. This year looking at tickets to/from Paris (coach unfortunately since I’ll be traveling with non-credit card people). I will expose them to the lounge life though.

☕️ Thanks for showing me the ropes. I’ve had some amazing experiences between hyatts, the FHR collection, xfer bonuses and more. I used to be team Airbnb but now am 100% team hotels

Your channel has taught me so much !!☕️

Love when Sebby says “Support the Channel” 😂

☕️❤☕️ Hey Sebby, My Pro-Tip… I fast forward to the end of the video to see what emoji we’re using this video, then rewind and watch the contact. Also thumbs up several times on different devices, my TV and iPhone. Love the content, love the channel, always enjoy the new angles! PS come visit Monterey!!!

Took a trip to the Andaz Maui last year for 7 days. Had Globalist from the challenge in 2021. Used 240k UR/WoH points for a cash value of $6600 plus the additional savings for daily breakfast of $100 per day, free parking, and waived resort fees. All in all, I think I got around $8k in value. I also purchased flights through SWA and had companion pass. So yeah, to Sebby's point, it's possible to get a ton of value from points and way above $1700.

☕️☕️ I am new to the credit card game but i’m very excited to start it really just seems fun, strategizing cards, building points, transfer to partners. on top of that there’s a lot of different setups and new cards that change the arena lmao i see why they call it the credit card GAME.

Everything you say is true, thank you so much for posting.

The only cost I cannot justify is paying utilities since the companies in my area pass on the processing charges to us.

☕️ use your credit cards like cash!

Beginning of 2022 I opened a Hilton honors surpass card, and a BoA premium travel rewards card. I was able to fly direct, round trip to San Diego from Chicago for $10 and stay in the city for 3 nights for $250 including card annual fees I paid $430 for the weekend (not included food/drink lol) a few weeks ago I also used my free night to stay the Waldorf Astoria Chicago. Learning to leverage credit card points is worth it.

☕️ Thought process has absolutely changed over the last year as I’ve realized how much aspirational travel I’ve missed out on; but circumstances have only gotten better over the last couple of years, so; now it’s about higher cash back or joining team rewards and getting my player two into a better mindset with cards.

This past year I've earned around $3500 in points mostly from SUBs (CSP, CFF, CFU, Venture, Hilton surpass, and Prime card). So far I've only paid $190 in annual fees. Haven't redeemed much yet though. A night at a Holiday Inn Express and a weekend at an Air Bnb. But hey I'm stocked up for my next vacation.

Dave Ramsey’s head is exploding right now! 😂😂 All you have to do is whisper “credit card…”

Value over the last year: $1,200 Air France Atlanta to Cairo Egypt, $1,724 the Nile Ritz Carlton 4 nights with club access. All booked with points

Credit cards are a TOOL not an extension of your wallet. When it comes to have a conversation with somebody that is against credit cards all I ask is "how's is your credit score?" ... they all fail. This is a LONG term investment for yourself and the key word is consistency which a lot of people lack of.

The empty Shochu bottle😂😂😂 not nearly as seductive, dangerous, and punishing as Super Chu Hi. 🎉🎉🎉

Awesome Review ..and yes I agree with you . !!

☕️ Would love to see more reaction videos like this

☕️ great information as always!

☕️, the video you reacted to is so old school thinking in credit card managing. I'm so shocked that people with little to no knowledge will be watching this video. Keep up the amazing work sebby!

Thanks for your passion on this Sebby! 🍫

I think the rewards utilization is kind of a J-curve. The poorest tend to leave them on the table because they are very small amounts, and then utilization rises rapidly with income, probably reaching a peak in that lower end of the upper-middle class… where people are used to perks and upgrades but maximize the rewards to pad it for luxury experiences. Then from there, it slowly falls off again, as the super wealthy don’t care about plonking down $10,000 for airfare.

☕️ I use my points in 2 ways: Everyday items like clothes for my kids as they grow like weeds… so using my gold card for groceries and dinner/lunch can acquire crazy points and then just put back into my pocket with buying clothes for family. The other piece is on flights / hotels / events So I have co-branded cards to earn specific points and then can save up and go on trips / stays for limited upfront cost. Even if points are devalued I’m still spending way less money by using saved points.

Last year: Round trip to Tahiti business class: 4500 One way business class to Bkk: 2000 One way first class Bkk to KIX: 2000 One way first class NRT to Sfo: 10k 9 nights of hotels in Thailand 1500 Easily 20k+ last year…

Appreciate you SEBBY!!

Dave says bad bad 😂

☕ Hey Sebby, informative as usual. You mentioned 'catch all cards' in this video. In your opinion, what are the top 3 catch all cards?

i focus on taking advantage of the zero % intro. you can get 4.5% to 5% just putting aside the money you would have paid the balance off with.

over 40k including 3 business class The room tickets RT to Japan. In 5 weeks going to Turkey in Q suite 2 tickets RT.

getting your first credit card is like a challenge of how you manage your spending for other people. that's what i see it. i tell people when you use your first credit card, do not use it immediately. it is easy for banks to give you a credit card if they want to, but learning credit cards takes time to use it the right way a habit. that's why i say hey, don't use credit cards on everything first, you should just learn from it and as time passes by, they will make a transition to use everything with credit cards

Just make sure you have money put the side to cover your statement due date

Loved the Suntory 🤙🏽

Lol. I got way more than $1700 in points last year. My first year in the game. Just with SUB's I got 405k points. Add in spend and referrals and it's close to 650k total annual fees? Well year $395 for my Venture X. CSP waived FY, United waved first year, 2 Inks with no annual fee... this game can be rewarding for sure!

Favorite part of this video is 12:20 which is the face people make when they ask how many credit cards I have😂☕

☕️ don’t worry about people who don’t like credit cards. If they don’t like it, they don’t have to use them! Running your channel most make it hard to avoid though 😂

I still use my debit card for some transactions like paying bills. There are Credit Cards that don't have reward points. So it's meaningless if I use my C.O. Platinum Card over my Debit Card. However I make more purchases on that card than my Debit card. Even with my Platinum card I don't even use the cash back links on Capital One Card. Like Adidas. For that I would just complete the transaction on my TD Bank Cash Card. I have a Credit Card ladder goal in the next year.

☕️ have you done a deep dive on transfer partners - an example ( Amex and chase) thanks

“You should be able to save a few hundred bucks a year”? I hope he meant “a month”…

☕️ ☕️☕️ I agree with you … could you provide the link to the CNBC video please?

Just use credit card as cash while you budget then keep that balance paid... Not very hard to do...

☕☕Until I recently picked up the Skymiles Reserve card for lounge access, I was in the mindset they outlined in the special. Now I'm wanting to diversify my cards as I primarily have co-branded cards which limit my rewards usage and I want to branch out to the rewards points ecosystems like Amex and/or Chase. I travel frequently for work so I organically build up points with a primary airline, hotel and rental car but want to ability to be able to venture outside of those brands for aspirational travel if necessary. I find your videos informative and would like to see more travel videos to give me ideas of things we need to do.

Another great video ☕️

I enjoyed this video!☕️

☕️ I’m drinking coffee now too, but it’s instant coffee supplied by the hotel. 😞

I do use credit cards to pay for everything but the CNBC video felt like it was product placement and didn't focus on some of the darker side of credit cards and financial stability. Best strategy seems to be to switch every couple of years to get the sign up bonuses and do downgrades on the high end cards.

☕️ & what’s your thoughts on the AMEX Gold ? Can’t see myself atm paying the annual fee on the platinum & using it to its full potential as I don’t travel as often

☕ Excellent video! Thanks! How often do you think is a good span for opening a new card? I have a very good hotel card (got in on a 175,000 points offer), met the minimum spend but would now like to open either a Chase or Amex. Which would you do first?

☕ I think the points users tend to be nouveau riche (and primarily thrifty Asians like me because free/discounted is good!😂) where our parents didn't have such things/earned less and we earn a lot more in comparison. Why someone may or may not use credit cards makes a difference. Those that poo-poo others it's more ignorance, but some people don't trust themselves to use credit responsibly or may have past credit problems and might avoid it and that's just smart.

We need a video on how to use them points with these partners.

Greatest rivalries in history: ☕ Republicans vs Democrats Hatfields vs McCoys Team Cash Back vs Team Travel

I have a lot of people tell me they have perfect credit because they have no credit cards. How is that possible?

Sounds like Anh Tranh could benefit from subscribing to this channel 😂

I don't deal with them, I move on to people that want to learn. ☕️☕️

☕This is a great reaction vid; very well-suited for a lot of CC naysayers out there, especially those who don't see the value of pay-as-you-go. Oh, how I wish there was an affordable way to pay rent by CC. Is there or is it just YMMV?

☕. When my friends and family judge me for my 6 card set up, i just show them all my free hyatt stays. Although that just makes them assume in hardcore debt and they dont believe i zero all my cards out monthly

Regarding Dave Ramsey, I will say this. He’s not for me, as he is not for most people who watch videos like this, and who are good with money, and who pay off their cards every month. Having this been said, IF I had a friend ask me for advice for getting out of debt, then I would tell that person to NOT do what I do. I would tell them to go to Dave Ramsey and do exactly what he says. His plan seems to work for people getting out of debt. Having this been said, I recently watched a Dave Ramsey video that argued that “rich” people who get points and do not pay interest/fees are profiting off “poor” people who do pay interest/fees. That royally pissed me off. My using a CC is not immoral. It’s just a good deal for me for multiple reason. As for people who do pay interest/fee. CUT YOUR CARD UP AND NEVER USE IT AGAIN!!!

DONT' GO INTO DEBT FOR POINTS. IT JUST DOES NOT MAKE SENSE.

☕️ can't you save points over time longer than a year or 2 for a GIGANTIC aspirational trip? Or several trips say for retirement

Why leave $1 on the balance and not just pay off the whole balanec?

☕️ Great video!

...there's a whole industry telling us to get credit cards.

I don't know the exact value and dollars I've gotten in value from credit card points, particularly chase ultimate reward points, but in the last year I've been able to book flights to Rome, the returning trip being business class, 6 days in a five Star hotel in Rome, two nights at a Hyatt hotel in Orlando, and one night at a Hyatt resort in Orlando. I absolutely would have never had the money to do all of this if it weren't for points. The caveat is, it's mostly from sign up bonuses not earn points. Still, I earn about 12,000 points a month on spend with Chase, so I expect to have enough points to do something decent in the next couple years. Overall the credit card game has been good to me because of the rewards. Also I don't consider myself particularly savvy when booking hotels and flights. Hyatt hotels was a no-brainer, but I booked my flights through United, which doesn't really offer any particularly outsized value.

Damn, I have been thinking about putting everything on credit card and keep my card active.

How much did I earn in rewards in 2022? Probably $9,000+ with business spend.

Good choice with that Toki Japanese Whiskey bottle.

In my opinion, you should be suspicious of any vendor that doesn’t take credit cards (even if there is a surcharge).