My response to Graham Stephan’s 5 Card Setup.
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@Graham Stephan ‘s video:
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[ CSP vs CSR Calculator ]
[ Chase Freedom Flex Review ]
[ Chase Freedom Unlimited Review ]
[ Ranking Chase Hotel Cards ]
[ Citi Double Cash Review ]
Timeline
0:00 Start Here + Graham’s Picks
2:22 My Response
4:16 Sebby’s Card Picks
4:59 Team Chase
7:34 Team Citi
9:37 Team Amex
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45 comments
Great video Sebby, great explanation! Was nice writing to you over email š – Maria
Should I upgrade sapphire preferred to freedom flex?
Can you talk about Paypal Key?
Hey Sebby so I just watched your video on canceling cards and you recommended not to for the most part but my situation is that I have a JCPenny credit card that I don't need now and I have 5 credit cards already(unfortunately) but I want to make space for a chase card..how do I go about that?
As high as Grahamās net worth is, he should get the Fidelity Rewards card instead of Citi Double Cash. Theyāll give you 3% back if you have over $2,000,000 invested with them.
My 5 cards
1. Chase Freedom Flex
2. Chase Sapphire Preferred
3. Chase Ink Cash
4. Fidelity Rewards
5. BoA Cash Rewards
I just do cash back atm
1) Citi exec (share club access)
2) Citi miles up (2x miles groceries)
3) CSR ( dining & travel)
4) Chase Amazon
5) Hilton aspire or Marriott Brilliant or Hyatt
Chase offers are not on par with Amex offers if the spending is only minimal.
Great analysis as always! Card family > random non-synched cards.
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1. Amazon
2. Costco. Why no 4% gas ā¤ļø?
Then I just run all the chase business cards plus a freedom flex.
Real quick question: Can I use my balance transfer on my credit card to put money in my checking account? and can I do whatever I want with that money?? like if I wanted to invest it. I know the risks
If you are running the Citi set up, Rewards+ effectively adds 11% to the value of your Double Cash and Premier Thank You point transfers. Worth up to $170 per year. No brainer for $0 AF. Maybe not Top 5, but "must have."
Will Amex close your account for not spending enough. I only spend like 200 a month
I hate credit cards and have a secured CapitalOne MC with a 300 CAD line and 59 CAD annual fee. (Canadian.)
The idea of these are the 5 best credit cards that you will ever need is a huge grey area though. I don't think you will have a card that will ever be something you need, especially since they have the right to change the benefits at anytime now and with the travel ban, most travel cards are rendered useless. If a person uses Marriott alot, then Marriott cards would be perfect or if someone flys Alaska alot, then Alaska card would be the best. It is all based on the person.
Hey Sebby: So I just wanted to know, when you use a CC to fund a new checking acct, which card should I use? the one with the most limit (CSR) for max UR, cash back (1.5%), or AMEX reward points… i double checked with bank that it wont be cash advance but want the opp to leverage funding the acct with credit card. what is your rec
My five cards would be 1) Freedom Flex, 2) Freedom, 3)Sapphire Reserve, 4) Ink Business Cash, 5) Hilton Aspire
I am rebuilding my credit, with that said, I have Mission Lane , Fortiva, Discover it, Credit one visa, Credit one Master card, Quick Silver One, Quick Silver, Southwest Rapid Rewards and the Hilton Surpass card. I want to close one or two of the beginner cards, which one should I close? The longest cards are Credit One visa, Credit One MasterCard followed by Quicksilver one. I am definitely closing Fortiva because of maintenance fees after I call them to see if they can waive it.
This list is so much better.
I think a low spend setup would be ideal. Amex Delta, Amex Hilton, Capital One Venture, Capital One Quicksilver, and Capital Savor all have NO annual fee and you cover hotels, travel, dining, and shopping with no annual fees.
However, if you are a high spender š¤, I would add Amex Platinum. Those six cards should get it all done. You have three Amex cards to transfer points; and Capital One cards to cover travel and dining where Amex is not accepted.
Sebby makes good points for those on the points side, but for the people who think that point valuations for airlines are absolutely overvalued ( especially compared to just cash prices on discount carriers, ESPECIALLY domestic flights) and don't use hotels much…I think that's where Graham's side is coming from.
The other problem is that the citi premiere card is outclassed in every way by wells fargo propel. ( Same exact purchase multipliers as citi premiere + cell phone and purchase protection for no annual fee, which makes the citi premiere card a terrible card and not be able to reccomended to anyone, aside from the mastercard vs amex issue. )
The problem with replacing the Citi Doublecash with a freedom unlimited in sebby's setup is you're losing .5% on purchases that can't be "caught" by another card.
For someone who just can't math out the points on (personal opinion) way too high evaluations on luxury first-class airline partner point exporting.
Citi Doublecash( I actually prefer amex blue business cash for the added purchase protection and other amex benefits) – 2% back cash. Your catch all for stores that are local that don't accept american express.
Wells Propel – Citi Premiere equivalent with exact same benefits and no AF – wells points are valued fairly for cash redemption.
Freedom Flex – 5% categories are golden, plus the benefits on this are awesome
Chase Reserve / Preferred – useful only really for point multipliers. ( Personally feel reserve multiplier doesn't offset AF, but to each their own, but preferred most definitely)
your 5% store tactical card here ( amazon, best buy, etc)
i dont think wyndham is doing status match anymore. =( any update on this?
I would like to let you know about one correction. The Delta Gold is for up to a family of 4, that means free first checked bag each way up to $240 round trip. I have the card and can send you a screenshot if you would like.
What is better? The Citi Prestige or Premier? I think the Prestige is very competitive to the Chase Saphire Reserve and the Amex Platinum? What do you think?
Hello – I have both Chase Saphire and unlimited. However, both card points are not merged and the buying power of unlimited points are less than from Saphire (using them on Chase travel, points from Unlimited are worth 1 where points from Saphire are worth more like 1.5). Is there a trick to combine them and get maximum value?
I say get the chase trifecta, Amazon prime card, the citi double cash, and if youāre open to more than five either the apple or x1 card
Graham Stephen is a fool when it comes to credit cards
I look forward to your videos good sir.
@Ask Sebby, would you recommend either Amex or Chase first credit card to be a hotel credit card? If so, what would be your recommendation for one? Am at 3/24 currently around 700 fico score. Would a hotel card be a good way to get in with them and have a high credit limit?
Enjoyed the video and while I have some of these already, it never occurred to me to use a system approach to optimize rewards. Very informative and thanks.
I know you mentioned the benefits of keeping to one family of cards, but are there any situations where it might be useful to use multiple families of cards, especially for people with some in each already? Keep up the good work!
Would it be better if a married couple ran two different trifectas or just have one and have one person be an authorized user?
Thank you thank you thank you. This is my perspective, so thank you for doing my research for me. I'm a student, but I have an put of state internship, out of state college, out of state girlfriend… so I travel sorta often, but I dont have a spending habit to justify a lot of popular cards. Amex Gold doesn't make sense, because the $120 Uber Eats credit will go unused, it doesn't add value for me. Delta Gold with checked bags, delta plat with a free main cabin companion certificate and global entry, etc. There are a lot of cards where the benefits pay for the fee, and if you were going to spend money to get those benefits, you can get a lot of outsized value without needing to spend a large amount.
Chase seem so simple but the Amex lounge access is soooooo nice
My Lineup:
AmEx Platinum
AmEx Gold
AmEx Business Blue Plus
AmEx Business Amazon Prime
Apple Credit Card (For Apple Pay when AmEx isn't accepted)
Navy Federal 1.5% Cash Back (Visa, When No Apple Pay and no AmEx is accepted)
This is what works for me as I don't travel much.
Citibank Double: Default card 2%
Chase Prime: Amazon 5%
Discover It: Rolling 5% on groceries, wholesale club, dining, and gas.
Amex BCP: Groceries 6%, gas 3%
US Bank City+: 5% on utilities and cell phone bill.
I trust asians doing math
I love Discover######
Credit cards are designed to be used.
@asksebby can you do a video on best credit cards for authorized users
1. American Express Gold
2. American Express Platinum
3. Chase Freedom Unlimited
4. Chase Freedom Flex
5. Chase Sapphire Preferred
Thank you for your analysis. I don't travel much. Two of my favorite cards are Discover and Sam's Plus Mastercard thru Synovus (5% gas stations, 3% dining, 5% Sam's purchases).
Isn't the best card the one with the lowest interest rate and no annual fee?
NB. The Amazon card requires at least three years of credit history to get approved.
Iām pure team cash back so my numbers will vary, but here is my five picks for cash back only:
1. Chase freedom flex card
2. Discover IT card
3. AMEX blue cash everyday/preferred depending on your grocery spend
4. BofA cash rewards for 3% back on gas
5. US bank altitude go
Honorable mentions:
The CITI Sears card: they frequently run promos all the time for 10% or more back on gas, groceries, restaurants, ect.
Chase INK cash: 5% back at office supply stores can be a valuable supercharger. Go into your local office supply store and buy gift cards to your favorite retailers to get 5% back everywhere.