WEBVTT

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So this is kind of an embarrassing story,

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but I think at the last
count I had 27 credit cards.

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Credit cards can be a great way to
earn rewards and cash back while you're

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spending.

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But.

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Which one is the best? Today I
am talking with Clint Henderson,

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managing editor of the
Points Guide to sort it out.

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I never think about cashback.
I'm sort of a travel guy.

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Why do people do cashback and
what's the best card to get

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for cashback?

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I think one of the reasons cashback is
so smart is because you don't want to

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think about it.

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A lot of people are not like we are at
the Points guy and obsessed with this

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stuff, and they just want to
keep it as simple as possible.

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So a cashback card can be
a great way to do that.

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There's a ton of cards out there.
Every single time you swipe that card,

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some of them have no annual
fees. Every time you swipe it,

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you're getting money back in your
pocket. So that's how to think of it.

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If you don't have a cashback card and
you're not using a travel or points or

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rewards card,

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you're leaving money on the table
because every time you use that card,

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you could be getting 2% back.

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So one of our favorite things that the
Points guys is tell people get a cashback

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card that then can pair with
a Travel Rewards credit card.

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So the Chase Card family,

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they transfer back and forth so you can
get a cashback card that you can redeem

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as points, and then you can start
getting into the Points family as well.

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There's the Chase Inc. Preferred
that we love right now.

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Huge signup bonus if you
have a cashback card,

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a Chase everyday cashback card,

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and then you get one of
these points earning cards,

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then at that point then you can transfer
back and forth between points and cash

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and they sort of pair
together really nicely.

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It's such a simple system where it's
like if I'm doing it for travel,

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I'm putting it on Chase Inc.
Preferred. Is that what you.

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Yeah.

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And then just everything else.
Cashback is an everyday cashback card.

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Just takes care of it.

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Yeah, it's easy. And then you amass a big,

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huge stash of points and you transfer
them to a Hyatt hotel or to an airline

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that you want to redeem on.

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So which card has the best rewards?

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I would say the American Express Platinum
has a lot of really good rewards,

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but there are other cards out
there that also have great rewards.

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I think one of the card that
we didn't really talk about,

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the Chase Sapphire Reserve card,
again, you get an annual credit,

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there's all kinds of points earning
opportunities, there's a big signup bonus.

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So the higher annual fee you're paying
generally, the better the benefits are.

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The one exception is the black
card from American Express.

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We find that's not actually
a great value for people.

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So take that off your wishlist
because it looks great,

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but the benefits on that
card are not worth the pull.

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The poor Black card users.