 What's happening? It's Shane here so the reason that you clicked on this video is because you want to know what the best credit cards out there are. Well I have a bunch of credit cards myself and I've also done a ton of research on this over the years and I can honestly say that this video is going to save you a lot of time. Not only am I going to show you the best overall credit cards but I'm also going to show you which ones are best for specific reasons. So for instance I'm going to go over the best credit card for traveling, the best one for dining out, the best credit card for smashing the living daylights out of the like button. All joking aside, thank you for always remembering to smash the like button. It really does help to defeat the evil YouTube algorithm. But anyways, whether you are a credit card beginner or you've been using them for many years, you are going to find the best credit card for your specific situation by watching this video. So let's jump right in with number 10 on the list which is going to be the Costco credit card. Now this one is actually a joint venture between City and Costco and if you don't know anything about City, they have some of the best credit cards out there. They're very well respected when it comes to the cards that they offer. Now of course a Costco membership does cost somewhere between $50 and $100 a year and so if you're not a Costco member, you probably don't want to go for this credit card but if you already are shopping at Costco which is a really good place to shop, they offer some of the best discounts out there, then this might be a very good credit card for you. Without getting too deep into the details here, they basically offer 4% cashback on gas, 3% cashback on different restaurants or other eligible purchases, at least 2% cashback on all purchases from Costco, the physical store or Costco.com and then if you use it outside of Costco for non-eligible purchases, you'll get around 1% cashback. Now there's some other perks that go along with it such as no foreign transaction fees and overall I would say this card is absolutely worth it if you are a regular shopper at Costco but if you're not a regular shopper, I wouldn't sign up for a membership at Costco just to get the card. There are better options out there. Number nine on the list is going to be the American Express Gold card and this one is specifically really good if you're someone who likes to dine out a lot. Now usually I don't recommend credit cards that have annual fees because I think the ones that are just straight cashback credit cards without any of the annual fees or any of that stuff, generally they're going to be the better option for most people but there are a few exceptions to this rule if there's certain things that you do a lot that you would just be doing anyways, there are certain cards that I'm going to recommend on this list, only a few of them but there are some that are actually worth it. Now the American Express Gold card is specifically worth it if you really like dining out a lot. So if you're a foodie and you just love to go to restaurants all the time which I kind of used to be one of those and I still sort of am but I've cut back, then this card might be a really good choice for you. I think when I got this card the sign-on bonus was 40 or 50 thousand points and I had to spend $3,000 within the first three months I believe and I see that they are offering 35,000 points for signing up as long as you spend about $4,000 within the first three months but there's a really good chance that if you look around you'll probably be able to find a better offer out there and there's a bunch of other small little perks that they offer like you know there's certain stores that you can go to where you'll get really good discounts. There's also no foreign transaction fees so that's really good if you're traveling internationally but like I said before where this one really shines is when it comes to your cash back, the points that you get when you dine out. So you basically get four times the normal amount of cash back that you get when you're dining out. You also get three times the normal amount of cash back when it comes to paying for flights and all that sort of thing although I don't think anybody's flying right now unfortunately. So basically this one is worth it for you if you meet two different criteria. One you like to eat out all the time and then two you're gonna be spending $4,000 in the next three months anyways and you just put it on the card instead of paying for it with a different credit card or a debit card. If those two things are true I would say this one's definitely worth it. I've been very happy with the one that I got. Now if you're somebody that likes traveling a lot this can also be a pretty decent card but I think there's one that's even better than this one and that's the next one on the list number eight which is the Chase Sapphire Reserve. Now this card has a ton of different perks and I'm not going to go into all of them but basically they have an extremely good sign-on bonus. You can earn up to 50,000 bonus points as long as you spend $4,000 in the first three months after activating the card. Now as long as you redeem those bonus points through the Chase Ultimate Rewards platform and you spend it on travel that's going to be worth about $750. Now on top of that $750 as long as you spend money on traveling you can get $300 per year in reimbursement for traveling costs. Now on top of all of that you get three times the amount of points back whenever you spend money on travel or dining out. Now just like the American Express Gold card it's one of those metal cards where it feels kind of hefty and I guess a lot of people think it's cool to have like a metal card for some reason. Now the downside to this card is there is a $550 annual fee that you have to pay every single year. So it has a ton of different perks and that's really awesome but you can only justify getting this card if you actually travel a lot and you use those perks. That's why I haven't gotten this card because I just don't travel that much and I think a lot of people end up you know looking at all these perks and they decide to spend extra money and travel more just because of the perks that are offered. But that kind of defeats the purpose of saving money in the first place because that's not money that you would have spent anyways. But at some point in the future if I decide to travel a lot there's a very good chance that I'll end up getting this card and using it for all of my purchases. Number seven on the list is going to be the American Express Blue Cash Everyday card. Now this is a very good card um it's just a cashback card there's no annual fee whatsoever. In general I recommend going for those cards especially if you're a beginner. Now this one is specifically really good for everyday items such as groceries and gas. And again without getting too much into the details you basically get 3% cashback at all us supermarkets. And then you also end up getting 2% cashback when you use it for gas. On top of that there's bonus offers for new card holders where as long as you spend a thousand dollars within the first three months you'll get $150. Now like a lot of the credit cards the cashback that you get is not really purely cashback it's more points or reward dollars or something along those lines. And basically what that means is there are limited amount of things that you can do with that cashback. And usually they try to incentivize you to spend even more money with it so maybe they'll try to make you use it on flights or something along those lines. That's definitely the case with this card but if you're smart about how you use your money it doesn't really matter. Now another thing to note is that American Express isn't really as widely accepted as Visa or MasterCard. So if you do have an American Express card you probably notice that sometimes when you go to certain stores they actually don't even accept it. And that can be really annoying so if that's something you don't want to have to deal with then you probably shouldn't even get this card. Number 6 on the list is going to be the Bank of America Cash Rewards Credit Card. Now this is a really good cashback credit card with no annual fee that I would say is especially good for beginners. Now the really big selling point with this one is the fact that you can earn 3% cash back in the category of your choice. So let's say you have other credit cards that are giving you really good cash back in other categories but there's one category that you spend quite a bit of money on and for some reason you're only getting you know 2% cash back or something along those lines. If you get this credit card that kind of solves that issue. Now on top of this if you make $1,000 worth of purchases in your first three months you can get $200 of redeemable reward credit. Now Bank of America is one of those companies that is trying to incentivize people to sign up for multiple services that they offer. I see a lot of companies doing this right now where they have a bank account where they offer you know a savings account and then they also offer credit cards. Many of them are offering investment opportunities as well and so if you choose to bank with Bank of America and you're a preferred rewards member you can actually get even better cash back somewhere between 25 and 75% more. Now one of the reasons I say that this is a really good one for beginners specifically is the fact that they don't really offer the same amount for people who spend a lot of money. They only honor the cash back amounts if you spend less than $2,500 which is not really great for people who spend quite a bit of money but for the average person who's probably new to credit cards this is not something that's going to be an issue. Overall this is a really good option and it's one that you should definitely look into especially if you are already banking with them. Number five on the list is going to be another really good beginner card and that is the discover it credit card. Now this is another one that doesn't have a yearly fee and you get really good cash back on your normal purchases. Now there's two really big selling points on this card that I don't think anybody else on the list can match. The first one is they have an introductory offer where they will match all of the cash back points that you get in your first year of having the card. So this means that if after all of your purchases at the end of your first year you get let's say $500 cash back they will match that and give you a thousand dollars total cash back. There's no limit to how much they'll match and this is just an amazing perk. Now unfortunately that does go away after the end of your first year so it's not something that renews every single year but especially for a beginner who's just getting into it this is just an amazing offer. Now the second really big selling point for this one is you can earn up to 5% cash back on everyday purchases from different categories such as groceries, gas, etc. Now on top of that the cash back never expires and you can always use your rewards no matter what. Now that 5% cash back sounds absolutely amazing and this is their big selling point but there's a few problems with it. First of all it's only available in very specific categories and these are rotating categories that change every three months. So in order to get the most out of this card you have to kind of monitor what category it's in right now and then what category it changes in three months from now etc etc and to me that's just a huge hassle and that's the reason why I don't use this card. To me I value my time over saving like a few pennies or a few dollars here and there and having to log on to the site and find out what the rotating category is every three months it's just kind of annoying and to me I think it's just a waste of my time but if you're one of those people that's really detail oriented and you can remind yourself to do that every three months like clockwork then this might be a really good option for you and also if you're a beginner that wants to take advantage of the rewards that you get from the very first year of using the card this might be a really good option as well. Number four on the list is going to be the Fidelity Rewards Visa Signature card. So this is very similar to the City Double Cash card which is one of the you know most well known cards out there. You get 2% cash back on all purchases pretty much no matter what you spend money on. The only catch is the 2% cash back gets deposited directly into your Fidelity Investment Account. If you prefer to get your cash back in another form it's only going to be 1% which is kind of just average but if you're okay with getting your cash back deposited directly into a Fidelity Investment Account then this is a great option for you. Now I talk a lot about Fidelity on my channel because I think they're one of the companies that is offering the most value overall. It really doesn't matter what you're looking at whether it comes to bank accounts, investment accounts, credit cards, just money management in general. Fidelity offers really, really good products. You can tell that they put the customer first and they have more of a long term outlook in mind. They're not just trying to make a quick buck off of somebody. This is a company with a lot of integrity and I can tell that they are trying to provide the best customer experience that they possibly can and I think a lot of companies are moving towards basically integrating all different aspects of personal finance you know bank accounts, credit cards, investment accounts, etc. just integrating it all into one service so it makes it a lot easier for you and there's also less transaction fees or transfer fees or wire fees or anything like that. It seems like Fidelity is actually the best in this category so if I had to say overall what company is providing the most value, I think I'd have to give it to Fidelity by a small amount. The reason this one wasn't number one on the list is just because of the fact that you already have to have an investment account with Fidelity and a lot of people don't have that and so it's not really going to be the one for them but if you do have an investment account with Fidelity already then this would be an amazing option for you. Number three on the list is going to be the US bank cash plus card. Now this one is really similar to the Discover it credit card in that it kind of has different categories where you get good cash back but you also have to put some work into it and kind of monitor where everything is and so if you're willing to put that extra work into it and do a lot of research and spend a ton of time figuring out what categories you know have the best cash back at this time or that time then this is another card that could be worth it for you. This is another one that's a no annual fee just normal cash back credit card so if you're really smart about how you use this card and this is kind of the big selling point of the card you can earn up to $550 worth of cash back in your first year. If you spend $500 within your first three months on eligible purchases then you can get $150 cash back. On top of that you get 5% cash back up to $2,000 in your first year that could be up to $400 cash back but there's kind of a little bit of a twist to it. You can only get up to $100 cash back per quarter so basically you have to kind of plan it out and spend exactly $500 per quarter to get $100 back per quarter and then after a year if you do that you can get $400 cash back total. Now on top of that you can get 2% cash back in the category of your choice such as groceries, gas or restaurants and then 1% cash back on all of the other eligible purchases. So as you can see if you really want to plan it out this one can be great for you and you can get a lot of value out of it and I think it's another really good one if you're a beginner because you're going to end up getting probably more cash back than you usually would because of the fact that it has such a good introductory offer. The con here is because it's a US bank credit card it does have foreign transaction fees so you wouldn't want to use this one if you're traveling internationally. Overall this is a very good choice especially if you're a beginner you should definitely look into it. Number two on the list is going to be the Amazon Prime Rewards Visa card. Now Amazon has done it again that's another company that is just obsessed with creating the best customer experience possible and they've done it again with this card if you're somebody who spends a lot of money on Amazon in the first place this is going to be an amazing deal for you. So if you already have an Amazon Prime membership which is basically where you get free two-day shipping then you can get 5% cash back on any eligible purchase at Amazon or Whole Foods 2% cash back at various different things such as gas stations and restaurants and then 1% cash back on all other random purchases that you make. Now if you don't count the Prime membership it's a no annual fee credit card and the reason I got this card is because I realized that I already spend quite a bit of money on Amazon because I'm somebody who values time. I get some stuff just automatically delivered to my house that way I don't have to you know drive to the store and get it every few months. For instance I get toothpaste paper towels and all those sorts of you know normal household items just automatically delivered and that ends up saving me a ton of time and to me it's worth the slightly higher price tag. So since I'm already spending all that money on Amazon in the first place it makes sense for me to get 5% cash back and if you're in the same boat which I know a lot of people are because Amazon is so popular and so many people use it then you should definitely try to get this card. Number one on the list is my favorite credit card of all time this is one that I own and I absolutely love it and that is the City Double Cash Credit Card. This is a zero fee annual cash back credit card and as the name implies you basically get 2% cash back on every purchase that you make. Now in order to get the cash back on your credit card you do have to make at least a minimum of payment on your account every single month and that shouldn't be an issue because if anybody follows my channel you should know that you should be paying off your entire credit card balance every single month automatically. So to me this is a great credit card whether you're a beginner or whether you're someone who's been you know using credit cards for many years. Now there is no sign up bonus but it's just good to know that pretty much no matter what purchase I make I'm going to be getting that 2% cash back every single month so I don't have to spend a ton of time doing research on you know what rotating category this one is on or whether I have to you know credit card churn and get this credit card in order to get the 5% for one year or to get you know a certain amount of money back or some kind of rewards. When in doubt I just use the City Double Cash and I know that it's going to work for me really well and unlike some of the other credit cards where they give you a really good reward for signing up the very first year and then it's really not that great after that this one is going to be really good for years and years to come. Now there's a few things I want to talk about really quickly that will help you decide which credit card is the best for you and also I want to try to get you into my mindset for how I was thinking when I was researching this list. First of all there's a ton of credit card websites and channels out there and in my opinion they just over complicate things. When I first got into credit cards I was really into you know trying to go for the rewards and all the bonuses and all that sort of thing and I think that's great because it gets people into getting credit cards and then hopefully into using them responsibly and building their credit score but at the end of the day I just don't think it's worth it in most cases to spend a lot of time doing research. Whether this means you know getting the sign-on bonuses for credit cards or credit card churning or finding out what the rotating categories for some random credit card out there is and for me the time that it takes to do all that research just is not worth it I'd much rather spend my time doing something that I love or just go and work extra hours and make more money. It kind of reminds me of people who searched through coupons for hours and hours just to save like 50 cents on something. You could have taken those hours and just worked a couple extra hours and you would have made so much more money than what you saved on those coupons. Now I know there are some exceptions to this and I did include a few of those on this list the ones that I think are really good but as a whole I just don't think it's worth it for you to spend a lot of your time doing this. So you might go out and search on the internet and you find that some credit card does offer like slightly better cash back than the ones that I mentioned but for all you know that might just be a promo and then they take it away six months from now or maybe a year from now or maybe it only lasts for one year or maybe there's some random fees or something like that and that's kind of the second thing that I considered on this list is a lot of these credit cards are relatively new so the ones that I decided to include on the list for the most part are ones that have a really good track record. The city double cash for instance it's in the name double cash they're never going to take away that 2% cash back because it's literally in the name of the credit card. This is also one that has a good track record and it's been one of their best credit cards out there for years because there's a lot of companies that'll basically offer a promo or some kind of really good cash back amount as a marketing scheme and then they just take it away at some point in the future. So they got all the hype they got a bunch of people to sign up for it and then a lot of the reasons why people signed up for it in the first place gets taken away. Now when it comes to the annual fee credit cards these are pretty much only worth it if you already spend quite a bit of money. When we're talking about a $550 annual fee you can only justify something like that if you are already spending like over $100,000 a year or you know you travel a ton or something along those lines and all the perks that they offer you have to be honest with yourself on these things. Would you have even used any of those perks if you didn't sign up for the credit card? Most of the time the answer is no you wouldn't have even used any of those perks in the first place but if the answer is yes to that then you can maybe consider going for an annual fee credit card and the two that I mentioned in this video are probably the two best that are offered. Another thing about this video is I didn't include credit cards that are extremely exclusive really difficult to get and a lot of them maybe they're only invite only. There are some credit cards out there that do offer better stats than the ones that I showed on this video but they're really difficult to sign up for and you already have to have like a really good credit score and maybe you make like a ton of money like you're a business owner that spends like 200 to 500 thousand dollars a year and in those cases there are better cards available out there but you have to meet these ridiculous criteria that almost nobody meets and so I didn't even think it would be worth it to put those in this video but overall check out my videos right here I made them just for you go ahead smash the like button hit the subscribe button ring the notification bell and then comment down below any thoughts comments criticisms etc or maybe your favorite card tell me what your favorite card is thank you so much for watching and bye for now