“If I could only have one credit card …” | 6 Travel & Personal Finance YouTubers Share Their Picks

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Video Transcript:

The idea of having one credit card is
hard to imagine for those of us and the points of mouse hobby so when I was
asked this question it took me a while to decide on an answer part of its
because every card has its strengths and weaknesses and part of what makes a car
strategy so effective is combining cards to maximize different categories of
spend what's going on everyone its Ernest from Trip Astute. Today I'm going
to share the credit card that I would choose if I could only have one card and
more importantly what some of my favorite travel and personal finance
creators on YouTube would pick as their credit card of choice picking only one credit card is a tough
decision it's like asking a watch collector to pick one watch in their
collection in fact there is a concept in watch collecting called the one watch
collection and you'll often hear watch enthusiasts discuss which one they would
keep and where for all occasions having only one credit card might seem like a
silly prime-minister those of us in the points of miles hobby what is about
questions not everyone wants a wallet full of credit cards or even to remember
which cars go with certain types of spending in their daily life so I posed
this question to several of my fellow youtubers in the travel and personal
finance space to weigh in on their pick for a one card each person will explain
their pick and why they chose their specific card after we hear from them
I'll share my pick for the one card these are awesome creators who really
know their stuff so if you haven't checked out their channels make sure to
do so I'll include their channel information in the video description
alright let's get started what's up guys my name is David founder
of wise flies a YouTube channel that teaches you about credit cards and
travel points so you could travel anywhere in the world almost free
thank you so much for having me on earnest if I had to choose just one card
only one card it would have to be the car that gave me a bunch of luxurious
travel upgraded my airport experience and even gave my wife and I a trip to
South Africa for our one-year anniversary with a sign of bonus I know
I'm teasing this card but it will definitely have to be the Chase Sapphire
Reserve card so this card I got just when it came out I got the hundred
thousand points and a bonus with it my favorite things about this card is a
three points per dollar spent on restaurants and travel which is pretty
much all I spend my money on anyway and I love love love the airport lounge
access with priority pass this completely changed my life in airports
so I've gotten free sushi in lounges in Japan and probably my favorite airport
lounge experience was in London where my daughter got to watch movies all day in
the London Heathrow Airport in their special movie room was just just for
kids chase altmer war points used through the chase fi reserved portal are
worth 1.5 cents her point so I actually used this last
month when I went to the Bahamas for one of my flights I put ten thousand chase
all the reward points which gave me $150 towards that flight and if you're tired
of being stuck in the security line waiting hours Global Entry and TSA
PreCheck allows you to cut that entire security line right to the front saving
you hours in the airport and it's because of all these amazing benefits
which is why I'm choosing the Chase Sapphire Reserve card as my one card of
choice hi I'm Ian le also known as Miss be helpful
that's my youtube channel and on my channel I like to post videos to help
young people navigate personal finance um but in an easy way cuz I know it was
hard for me to find videos about personal finance that I thought were
easy to understand and that I thought you know we're posted by a relatable
host like somebody who was young like me and even somebody who was like a woman
like it was really hard to find girls in personal finance so that's why I decided
to just start my own YouTube channel to help talk about everything like credit
cards and investing and saving and budgeting and it's now kind of hard for
me to say one credit card that I would choose affect chrony has one because I
have five different cards but I'm gonna talk about the four or five things that
I love about the card that I use the most so that's the Chase Freedom credit
card not the Chase freedom unlimited card the regular regular Chase Freedom
Card that came out first and the reason why I like that card is because it has
5% cash back and that's a really high cash back percentage which I really like
the categories Roth hey every quarter so every three months you get an email
showing you the categories for the next 90 days it's really simple it just tells
you you need to activate this cashback if you want to use it so you just have
to click the button and it'll say the categories like grocery stores or movie
theaters or restaurants so I like to try to spend up to the five thousand five
hundred dollars in the category but sometimes I don't for example like with
groceries I'm not gonna spend a thousand five hundred dollars in 90 days I
usually only spend like 800 or 900 so sometimes I'll take my cousins or my
parents they do a big grocery and I'll just swipe my credit card
and take their cash or have them cash up me or venmo me to help me get a little
closer to the $1500 because if you hit the $1500 of spending in that category
then you get $300 it has a cash reward back each year so that's something that
I really like and I try to kind of use that as an incentive for me to try to
chase the the amount in each category but I'm not gonna go like spending crazy
like shopping spree and groceries because it's just to get the cash back
to me it doesn't make sense so I just like offer to pay for other people's
things and have them Vendela me for example for like group dinner and the
categories restaurants such that but another reason why I really like is
because the APR is really low for me a lot of the other credit cards I got when
I was a lot younger like 19 20 years old we're like 20% or 19% interest but this
one was only seventeen point two five percent interest for me which I really
like and then the last thing I'll say that I really like is when I applied for
the Chase Freedom Card they immediately approved me for like over ten thousand
dollars I think it was maybe twelve thousand five hundred or close to
fifteen thousand but it was over ten thousand dollars for sure I remember
that and that's very rare for a credit card to give you such a big amount of
available credit when you're young and my credit had improved a little bit at
that point so I was probably close to a seven hundred credit score when I
applied so yeah the point is if you have a good credit score this is a good
credit card to a five-four because you can get a big credit limit available to
you which can really help improve your credit score even more you know because
it helps your the factor of your credit score called utilization which I talked
a lot about on my youtube channel um and it really helps your debt to credit
ratio so that once I did that and got that credit card um it helped improve my
credit score laughs so yeah that's the card that I would have because I use it
a lot that's all I have for you guys enjoy the rest of the video peace hey what's up everybody I'm Dustin from
Wohlers wallet and my channel is all about credit cards credit card rewards
and showing you how to use your points and miles to travel for less and if I
could only have one credit card I would actually go with the u.s.

Bank
altitude reserve and while the altitude reserve comes with a four hundred dollar
annual fee I travel enough that the $325 travel credit brings my effective annual
fee down to just $75 and even though the lounge access isn't the greatest for a
premium credit card I'm a huge fan of the Triple Point earning rate on travel
and when you make payments with a mobile wallet and that's because we're just
seeing so many places accept mobile wallet payments not only in stores but
they're accepting it more in their apps as well making it just so easy to earn
triple points just by using your phone plus the altitude reserve points or
worth one point five cents per point so I'm earning four-and-a-half percent
back on my travel which is a pretty solid return plus the altitude reserve
has great travel protection benefits which I feel are important for a travel
credit card and the u.s.

"If I could only have one credit card ..." | 6 Travel & Personal Finance YouTubers Share Their Picks

Bank altitude reserve offers a benefit to other cards
just don't have and that is real time mobile rewards which give me more
freedom to book my travel directly through an airline or hotel and then
redeem my points at one point five cents per point there's no need to go through
a specific portal to get that redemption rate and as a person who primarily flies
in coach this actually works out pretty nicely for me so yeah
the altitude reserve is the one card I would keep if I could only keep one
credit card hey thanks earnest for having to be part
of this collaboration I really appreciate it and as always safe travels
and take care everyone hey guys it's a bastion I have a youtube
channel called ask CB as well as writing on SME comm if you prefer reading it's a
day we are going to talk about what cart I would pick if I could only pick one
card for me I think the no-brainer answer is going to be the American
Express hilts an aspire card due to a lot of
different reasons it's the best no-brainer card out there right now for
a lot of people annual fees end up getting pretty scary and here you're
paying 450 off the bats with that though you do get a 250 dollar Travel
incidental credit which is very easy to use of something like Southwest as well
as Delta and then a 250 dollar Hilton Resort credit which works for a lot of
their resorts this means that right off the bat if you value the travel credits
as they are you're getting paid $50 to get the card on top of that you get a
free week at night that works at most of their properties and you can use this at
a lot of places that are otherwise prohibitively expensive if you have a
player too if you have other points that you can combine with this you can take
pretty interesting and aspirational trips that you otherwise wouldn't want
to spend money on on top of that this card has very strong multipliers for
Hilton's so if you are someone who's a consultant if you do travel a lot then
you're going to rack up those points pretty quickly making the next trip a
lot easier the final cherry on top of this is that you get Hilton Diamond
status which is going to be their top tier status there's no other hotel card
right now that gives you to talk to your status just by having the card on the
surface this might not sound that interesting but there's a lot of places
where you're going to get upgraded to the biggest most expensive room on the
property in addition to that you're going to get free breakfasts so it's a
win-win because it turns your normal trip to New York into one where you have
the top four Suites to me I really like this card because you get treated like a
VIP when you're just a pea thank you Ernest for having me on this video and
hope you guys liked it see you guys next time hi everyone my name is Jason and I'm the
Travel Awards coach for those of you not familiar with me you can check me out
here on YouTube Facebook and Instagram as well as Travel Awards coach comm
really what I'm all about is teaching people how to do absolutely amazing
things with their points at miles things like business class flights first-class
flights really expensive hotel rooms and things that you just normally couldn't
do as a normal person who is not incredibly wealthy I share all sorts of
tips on my youtube as well as through personal coaching programs I also talk
about on my channel my adventures as a digital entrepreneur where I'm able to
work from anywhere on the world on my digital marketing agency and how I
basically tied all of my business spending into ways to earn tons of
travel points and miles which allow me to travel as well so I've really
intertwined a whole aspects of my life into travel rewards when Ernest asked me
what card I would keep if I was only able to keep one I swear it's one of the
hardest questions anyone has ever asked me I'm gonna do my best to keep this
short so I'm gonna do a more detailed review of why I picked this card on my
channel if you want to check that out but as mentioned before I run a digital
marketing agency we do a lot of Facebook advertising I also spend a lot of money
on travel and not really a lot on plane tickets but I do spend a lot of money on
Airbnb s and with the chase business Inc preferred the card only has a $95 annual
fee but it has a huge huge punch so I can spend up to a hundred and fifty
thousand dollars a year on Facebook advertising as well as travel expenses
and they have some other categories that are not quite as important to me such as
internet shipping cable and phone services so if you could spend a hundred
and fifty thousand dollars on these categories per year that's four hundred
and fifty thousand points by that alone after that you can continue to spend an
unlimited amount of money and get one point per dollar spent so this card is a
chase ultimate rewards earning card meaning that you earn chase ultimate
rewards which you can do a of different things with the best way to
redeem their chase ultimate words are either transferring to one of their
hotel or airline transfer partners as well as using the chase ultimate reward
system and with this card you would get one point two five cents per mile this
card also offers cell phone protection and a variety of different purchase
protection rental car collision and trip cancellation so overall this card has a
ton of different amazing features on it ways to earn tons and tons of points and
miles with only a $95 annual fee and while it doesn't have every single
feature out one a card by far this car would earn the most points and miles for
me if I only had to pick one so guys thanks again for watching and I can't
wait to see what everyone else would keep as their one card thank you guys I
really had to think through which card would be my go-to card if I could only
have one for me it came down to either a flat rate cash back card or car that
earns valuable points and since we like to travel the car that really seems to
meet our needs more than any other card is a Chase Sapphire reserve the Sapphire
Reserve does have a hefty annual fee of $450 but you get a lot of benefits some
of which can really help to offset the annual fee the first is the $300 travel
credit which I know I've talked about in a lot of other videos second the
Sapphire Reserve does have great travel benefits like trip delay and lost
baggage protection and primary car rental insurance the card also has note
form transaction fees and is widely accepted since it's a Visa card I've
also had great experiences with chases customer service when disputing a charge
it's giving me a lot of confidence and use the card whenever we travel third
the card offers three points per dollar on travel and dining expenses regardless
of whether the charge is in the US or abroad another benefit that I find very
useful is the lounge axis this is a bit ironic since I used to think that lounge
access was an excessive benefit for high-maintenance travelers but since
getting lounge access I found that we've been able to save a lot of money in food
and drink costs at the airports since the lounges usually offer free food and
refresh we'll often eat there rather than buying
a meal at the airport the last aspect that I personally value is the idea that
I'm earning points toward my travels when I use my card I know that that may
sound silly since I could also earn cash back and allocated toward a travel
budget but there is something satisfying about seeing points build up in your
account and thinking of ways that you could use it for a future trip I know
it's not a tangible benefit but it's more of an emotional thing that I value
when I think about points versus cash back combined all of this with a variety
of redemption options and you have a car that is a keeper in my wallet and for
those of you that are interested in the Sapphire reserve but can't stomach the
annual fee there is a Sapphire Preferred for only $95.00 a year which also
includes a hefty welcome offer in fact it's the card that I usually recommend
for folks who are getting started in the Hobby what would be your one card if you
could only have one credit card what do you think of the selections in this
video also let us know if you'd like the format of this collaboration I'd love to
do more of these since I think they're fun and a great way to learn about other
channels thanks again to everyone who helped make this video possible make
sure you check out their channels and show your support by subscribing if
you're interested in any of the cards featured I'll include our credit card
offers linked below thank you all for watching and until next time travel safe
and travel smart

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License: Creative Commons