Check out Rakuten:
Learn more on the Sapphire Reserve:
Click “show more” for ad disclosure
Credit Shifu Wallets:
Like Credit Shifu on FACEBOOK:
We look at Dave Hanson’s video about why annual fees are bad and I give commentary…..
SONG FROM OUTRO
Track: Halcyon & Valentina Franco – Runaway (Heuse Remix) [NCS Release]
Music provided by NoCopyrightSounds.
Watch: youtu.be/5bj44xI2oWw
Free Download / Stream: ncs.io/RunawayHeuseRemix
The content in this video is accurate as of the posting date. Some of the offers may no longer be available
Advertiser Disclosure: This site is part of an affiliate sales network and receives
compensation for sending traffic to partner sites, such as CreditCards.com. This
compensation may impact how and where links appear on this site. This site does not
include all financial companies or all available financial offers.
34 comments
Dave's video:
This is Dave's breakthrough. 💪🔥 Graham and CS reactions already – who's next?
Even if he’s going for cashback, getting the CIP or CP makes sense, 800k points which you could cash out for $800 and offset the annual fee by more than $700 and if you want downgrade it to a chase freedom for cashback after a year or two. Sorry but Dave’s video is probably the worst I’d seen in the whole credit card YouTube community.
Graham Steven is just a big show-off I'm about to unsubscribe his ass.
4 ads in a video! Too much!
Dave's strategy is basically no strategy. Lame. Shifu here with some lowkey passive aggressiveness. Well played.
3:05 I thought I heard you say "silly rabbit tricks are for kids" 🤣
Most people including me do NOT need any kind of ANNUAL FEE card. You, me, and everyone else who pays off their credit cards every month and getting CASH BACK and REWARD POINTS without paying interest are LUCKY. Credit Card issuers (BANKS) are making a KILLING off of interest payments because the average American carries 8,000 dollars in DEBT and with OVER 300 MILLION people in the United States that is TON of MONEY the BANKS make off of INTEREST. What I am saying Credit Shifu is if EVERYONE actually paid off their debt every month YOU would NOT be getting any CASH BACK or REWARDS POINTS because they are FUNDED by OTHERS that pay interest off their debt. I am happy to get CASH BACK and REWARDS from NO FEE credit cards and if people are are NOT smart enough to properly budget then that is on them. NO FEE credit cards are the BEST.
I get soooo much value from my anual fee cards
0:19 – 0:20 best part of the video lol
A reaction video about a reaction video reacting to a video
Smells like beef 👀
To be honest….. I love this video a lot…. not just because of explaining the facts in a very positive way… but keeping your dignity as a YouTuber in the best way and being funny at same time.. keep it up buddy…
He doesn't understand sign up bonuses and doesn't believe in them. Basically he is a noob in the credit card world.
Man I don’t know why but I can’t watch Graham Stephan videos… Maybe is his attitude or childish behavior that presents his life as a “Celebrity”.
He’s keeping it real …..🤔
I may have to check his channel of course for research ..,,,
There's a major difference in how he makes a living (investing in start ups) versus how you make a living (credit card referrals). Conflict of interest.
You are reviewing credit cards, hyping up their benefits, and encouraging people to sign up while profiting. You are obviously biased towards people signing up for even bad cards, as long as you earn money.
If he had his own startup business that needs to raise capital, and he created "startup investing is wonderful" videos, recommending his own startup business as the best one for people to invest in, that would also be a conflict of interests with the same manipulation.
But he is teaching investing in startups in general which he has no interest in. That's equivalent to you never using your videos to leverage your biased interests to manipulate viewers into making decisions that directly profit you (referrals).
Your argument of "I don't knock how you earn money, so you shouldn't knock mine" is the argument bank robbers and drug dealers use to deflect criticism from society. Just because it's an income, it doesn't make it a legal, or in your case, a moral one.
Used car salesmen are scumbags who legally profit at the detriment of others through the same slimy commission tactics.
I like you, Shifu, and I also like Dave.
CSR "effective annual fee" of $150 is assuming the CSR is your only card. And that you switched from paying for your monthly subway card with cash (actual paper money) to now using the CSR.
Shifu, I have a question. If before getting the CSR I was paying for my monthly subway ticket using a 2% cash back card (getting $2 deposited into my bank account), is it true that Chase will give me $2/month extra for the 3 months I use their card instead of Citi's 2% card? If not, where would I still get the $6 I'm accustomed to getting back every 3 months? Do I forfeit the $6 as a disadvantage? Wouldn't that make the effective annual fee $156 instead of $150 since my bank account is $6 less?
Every time I hear someone justifying the Sapphire Reserve by saying the EAF is $150, I cringe. You pay $450 period. In accounting it's called sunk cost. The $300 travel incentives doesn't mean anything. Can you pay $150 and insist that Chase keeps the $300 travel incentives?
This guy is no Shifu! He must first learn to walk before he can talk! Keep it Shifu, we are learning your wise way.
Hi Shifu, I'm a big fan of your work. Really like your videos. Please do some reviews on UK credit cards please. I actually thought you're from here because of your accent. Lol
Thanks
Alex
I got the Uber Credit Card and for the people that been having it then our changes become effective February 2020
When YouTubers start a back alley cat fight😼💥😼 😂😂😂😂
Just keep doing what you’re doing. You and Ask Sebby are the best! 😀👍
When people talk about URs and MRs being valued at 2+ cpp when you transfer them to partners, normally these partner currencies themselves are only worth a little more than 1cpp (Delta, AA, etc). So how come MRs can be worth over 2 cpp when you transfer them to Delta, for example, when SkyMiles themselves are worth about 1.3cpp?
YouTube beef 😂
I like rakuten. Love the cash back plus I get cash back on the cards I use.
Considering Dave cites one of his major spending categories as "bills" I think the biggest hole in his setup is the US Bank Cash+ card. He could be getting 5% back on 2 of Utilities/Internet/Phone services, which presumably would account of the bulk of his "bills" category.
Can use the Wells Fargo Propel instead of the Uber card. I am one if the few people who is happy, and been treated really well by WF.
I’m so grateful to Hess0022 on 1nstagram for clearing my credit card debts and funding my account without charging for a feee
At 13:04 did you just say “profit”? 😒😒😒
gotta be careful ya know? with all those kids out there getting credit cards
Thumbs up for using tai lopez's KNAWLEDGE bit