The Best Credit Cards (2021) - FOR EVERY SITUATION!!!

so sheena she commented thanks for the info can you do a video with the best on secure credit cards i got you what's up winners my name is nam if you're new here welcome here we talk all things personal finance and credit start now by subscribing so you don't miss out on any future videos so in today's video i'm gonna go over the best credit cards for 2021. this is gonna be a very comprehensive list so if you're looking for the best credit cards for beginners cash back travel or whatever it is it will be covered in this video so all the cards that we'll be talking about they're not in any particular order these are just the top picks for a specific category all the categories will be time stamped below so whatever category you are looking for go ahead and just skip ahead but if you want to support the channel i'll see you guys at the very end now let's start off with the best credit cards for beginners with no credit or even bad credit the first card that we will be talking about in this category will be the pedal credit card this company offers two type of credit cards the pedo one and the pedo two honestly i think the pedo two is a much better option so with this credit card you can get one percent cash back on all of your purchases and you can earn an additional half percent cash back whenever you make your payments on time in addition to that cash back you can also earn up to a 10 bonus at selected merchants there are also no annual fees and you can get a credit limit up to ten thousand dollars with an apr ranging between 13 to 27 percent one of the key reasons and why i think this is a great starter card is that your credit score plays less of a role pedal requires you to link your bank account and it will take a look at your transactions and it'll give you a cash score based on that information you can get approved for this card but if you do have a credit score then they will take a look at it there's also a pre-approval process that you can apply for to determine your odds which i do highly recommend but if you do decide to go ahead and approve the application this will result in hard inquiry now moving on to our next card this will be the tomo credit card even though tom will label this card as a credit card i feel like it's more like a charge card meaning that you would have to pay the balance in full every single week or month and you're not able to maintain a balance on this card so with this card you're gonna get a credit limit up to ten thousand dollars there's no interest fees no credit history needed plus you can earn one percent cash back on all purchases this credit card is truly a card that does not need a credit check similar to pedal you would have to link your banking information through plaid which is the third part provider which is owned by visa and based on your banking information will determine your odds the process of getting this card can be a little bit long just due to the fact that they are getting a large influx of credit card applications and based on what i heard their customer service is really not all that great but i never had a problem with them so far now let's talk about our honorable mention which is the discover it secure card since this is a secure card you would have to place a secure deposit which in turn will be your credit limit this is one of the very few cards out there like this that offer any sort of cash back or benefits without an annual fee in addition to that your cashback that you earn within the first year will be matched by discover themselves so once you've had this card for about six months to a year you could then graduate this card to a traditional unsecured credit line so on a topic of a beginner cards now let's move on to the best credit cards for students the first card that i will cover will be the deserve edu mastercard with this credit card you can receive one year of amazon prime student for free after you spend 500 within the first three billion cycles so this is a value of roughly around fifty nine dollars you also can get one percent cash back on all purchases and you also get cell phone protection up to six hundred dollars there's no minimum deposit required and there's no annual fees plus with this card there's no foreign transaction fees so if you are studying abroad or traveling this will save you some robbing money on the other hand if you are an international student a social security number is not required for you to apply for this card now moving on to our next card which will be the discover it student credit card so with this card you can earn five percent cash back on rotating categories and you can earn one percent cash back on all other purchases in addition to that you can get an unlimited cash back match on all of your cash back that's earned after the first year boy that was difficult all right another neat benefit about this card is that you can get a 20 statement credit for each school year that your gpa is 3.0 or higher up to five years so being above average does pay now let's keep it moving with our next card which will be the bank of america cash reward card for students even though this credit card is labeled for students this one is no different from the regular bank of america cash rewards card with this card you get three percent cash back on your category of choice you can actually change the categories every single month if you would like but the choices that they do have available would be gas online shopping dining travel drugstores home improvement or furnishings you also get two percent cash back at grocery stores and wholesale clubs and also one percent cashback on all other purchases but the thing about the cashback categories where you earn three and two percent cash back it only applies for the first twenty five hundred dollars each quarter then after it will just be one percent what i do like about this card is that there's no annual fee plus you can earn and assign a bonus you can get a 200 bonus after you spend one thousand dollars within the first 90 days you also get access to your fico score which is great because most credit card companies they don't give it to you in addition if you do have an account with bank of america or merrill edge with more than 25 000 you can get an additional boost to your cash back if you are an international student or an individual who doesn't have a social security number you can also apply for this card inside the branch now let's move on to our next category which is cash back the first card that we will be talking about will be the citi double cash card this card is pretty well known amongst credit card youtubers because the benefits are so freaking great the reason being is that you get an unlimited one percent cash back when you buy plus another one percent cash back whenever you pay off those purchases at the time of making this video this car also offers zero percent apr on balance transfers for the first 18 months this card is great to have in your daily rotation since it does not have an annual fee either moving on to the next card i do recommend in this category which will be the apple car the reason why i put this card in this category is that you can get two percent cash back at retailers that accept apple pay apple pay is accepted most places nowadays but it kind of works best for physical locations additionally you also get three percent cash back on select retailers and apple purchases and you also get one percent cash back with purchases made with the physical apple card a honorable mention in this category will be the aod federal credit union visa signature card this card is a little bit tricky to get access to because you need to be a member of this credit union or be in a selected employment group within the alabama area but if you do live in the surrounding area this is the card to get this card will give you 3 cashback on everything it also has no annual fees or foreign transaction fees okay now let's move on to our next category which is the best no annual fee travel credit cards i'm always down for no fees the first one in this category will be the wells fargo propel car this one is absolutely one of my favorite credit cards due to the fact that it does have a lot of perks so with this credit card you can earn three times a point on travel which also includes flights hotels ride sharing and car rentals you also get three percent cash back on gas stations dining streaming services and one point for all other purchases one of the downsides i must say with this card is the point redemption you would have to wait until you hit a threshold of 25 which i find somewhat annoying but as for the value of the point each point is worth around one cent at the making of this video this credit card does offer a twenty thousand point bonus whenever you spend one thousand dollars of purchases within the first three months of the account opening this equals to about two hundred dollars cash back so moving on to our next credit card in this category which will be the bank of america cash rewards card i didn't mention this card previously in the other categories but this card is also a good travel card as well the key reason of why this card is so great is that you can get three percent cash back on a category of choice and one of them is being travel you can also change your categories once per month so if you know for sure that you will be traveling soon you can just purchase your tickets once you select the travel then you can select a different category in the meantime other categories where you can earn three percent cash back is gas online shopping dining drugstores home improvement and furnishings you also get two percent cash back at grocery stores and wholesale clubs and one percent cash back on all other purchases as for the three percent and two percent cash back you only could earn twenty five hundred dollars in combined purchases per quarter additionally at the making of this video you can get a two hundred dollar bonus after making one thousand dollars in purchases within the first 90 days now let's move on to our mid-tier travel credit cards with these credit cards you should expect to have an annual fee ranging anywhere between 50 to 100 the first card on the list will be the chase sapphire preferred credit card this card is pretty well known but at the making this video it has a relatively high sign up bonus you can earn 60 000 bonus points whenever you spend four thousand dollars in purchases within the first three months of the account opening this equals to 750 in travel whenever you name it due to chase portal or 600 if you were to deem it as cash back additionally you can also earn up to 50 in statement credit towards grocery store purchases within the first year of your account opening as well now let's talk about how you can earn rewards you can get two times a point on restaurants and travel and currently at the making of this video you'll get two tons of points in grocery store purchases up to a thousand dollars per month until april 30th additionally you can also get five tons of points on lift rides all the way up to march 2022 and one times a point on all other purchases there are some other travel benefits and features but these are the key ones i wanted to highlight since this is a mid-tier credit card there is an annual fee of 95 the next card in this category will be the capital one venture rewards credit card with this credit card you get a one-time bonus of sixty thousand miles once you spend three thousand dollars on purchases within the first three months of the account opening this equals to about 600 worth of travel but the key thing to make note of is that you would have to use any travel to get the maximum value of the sign up bonus if you were to redeem this as cash back would only be worth 300 additionally you can earn two tons of points on every single purchase and you can receive a 100 application fee credit for global entry or tsa precheck so for this category the honorable mention will be the jetblue plus credit card i did do a full review of this credit card so if you guys want to check it out i'll link it up here or down below but anyways this credit card does offer a sign up bonus that's relatively high to the amount of money that you would have to spend the current offer for this card is that you can earn 40 000 miles after spending a thousand dollars within the first three months each point is roughly around one cent so this will be worth 400 of jetblue flights so if you live near any airports out for jetblue this is definitely the car that i would suggest looking into other ways that you can earn points is that you can get 600 points on jetblue purchases two times of points at restaurants and groceries and one times the points on everything else you also get your first check bag for free and there's also a zero percent apr for the first 12 months on balance transfers if you are into that type of thing additionally with this card they also give you 5 000 points for every single year that you renew so effectively your annual fee is roughly around 49 now let's move on to our more premium travel credit cards these usually have an annual fee of around 500 bucks the first one in this category will be the mx platinum card this one is the obvious choice due to the fact that the current welcome offer is ridiculously high at this moment you can get a bonus ranging anywhere between 100 000 points all the way up to 125 000 points depending on the length that you use additionally you can get two times the points at us gas stations and u.s supermarkets up to fifteen thousand dollars in combined purchases within the first six months of the card membership there's a whole lot of perks that go along with this card so i'm just going to cover some of the key highlights you can get up to 200 of uber credits annually you also get an additional 100 sacks on fifth app credit 200 airline fee credit access to airport lounges and up to 100 credit for global entry and tsa precheck now let's talk about how to earn some more points you can earn five x points on flights up to five hundred thousand dollars per calendar year five extra points on prepaid hotels booked through mx travel and one times the points on all other eligible purchases the thing about membership reward points is that if you wanted maximum value it does take some time and learning in most cases if you were to transfer to traffic partners you'd most likely get the most value from them roughly around 2 cents per point but if you were to cash them out the value of the points would be worth 0.6 cents per point which is terrible and lastly with this credit card there is an annual fee of 550 with this high annual fee you got to make sure that you use all the perks and benefits that are available to you so you can offset it the next card i will be covering will be the chase sapphire reserve credit card currently with this credit card you can earn a 50 000 bonus after you spend four thousand dollars on purchases within the first three months of the account opening this is equivalent to 750 towards travel whenever you do redeem them due to chase portal additionally you also get a 300 annual travel credit at the making of this video all the way up to june 2021 gas stations and grocery store purchases will also count towards earning for travel credit now let's talk about the points you get three extra points on travel after you earn 300 worth of travel credit three extra points on dining and also 1 times a point on all other purchases so given the whole pandemic currently chase is offering 50 more value in your points when you redeem them as pay yourself back this allows you to use your points to pay your purchases in rotating categories since this is a higher end travel card you can get access to airport lounges and also a 100 credit for global entry and tsa precheck and lastly this credit card does have an annual fee of 550 now let's move on to hotel credit cards the thing about these type of credit cards is that you really have to think about which hotels that you mostly stay in because hotel credit cards are very personalized one of the biggest things that make me consider a hotel credit card is the offer of free annual nights even though these hotel credit cards do have an annual fee that free night does make up for it the first card on this list will be the isg rewards club premier credit card currently with this credit card you can earn 140 000 bonus points after spending 3 000 within the first three months you can also get a free night after each account anniversary at ihg hotels last year my wife and i we took our free night staying at the intercontinental in san diego additionally you can get an extra free night when you redeem your points for any stay that's four nights or longer now let's talk about the point system you can earn 25 points per one dollar spent at isg hotels two times the points on purchases at gas stations grocery stores and restaurants and what times of points on everything else additionally you can get a 100 credit for global entry and tsa precheck and with this credit card there is an annual fee of 89 the next card on the list will be the marriott bon voy balance credit card from chase after making to this video you can earn 75 000 bonus points after you spend 3 000 in purchases within the first three months of your account opening now let's talk about how you can earn your points you can earn six times a point on hotels with marriott and two tons of points on travel and other purchases unlike most credit cards where your points don't expire these points will expire if you do not make a purchase within 24 months but on the bright side the best thing with this card is that you do get a free night every single year after your account anniversary and you also get free wi-fi whenever you stay and lastly there is an annual fee of 95 now let's move on to our next card which will be the world of hyatt credit card currently with this credit card you can earn a bonus of 60 000 bonus points because there's a little bit of a caveat because you can earn 30 000 bonus points i just spent 3 000 in purchases within the first three months but to earn the extra 30 000 bonus points you would have to do some spending you earned two bonus points for every dollar spent on purchases that earned one bonus points up to fifteen thousand dollars spent within the first six months if that confused you a little bit it kind of made me too essentially for the first six months anything that earns one bonus point it gets doubled up to a maximum of thirty thousand points now let's talk about the reward system you earn nine times the points at hyatt two times points for dining flights gym memberships and transit and also two times the points for anything else for the first six months after that will just be one point with this credit card they also offer a free night every single year and you can earn additional free nights if you spend fifteen thousand dollars within a calendar year and lastly this credit card does have an annual fee of 95 dollars most of the credit cards that i already didn't mention have some sort of annual fees roughly around 90 to 100 but an honorable mention will be the hilton honors aspire card the reason why i say this is an honorable mention because it has an annual fee of 450 dollars but if you do decide to sign up currently with this card you can earn 150 000 hilton honor bonus points either spending four thousand dollars in purchases within the first three months some other benefits that you do get is complimentary hilton diamond status party pass select 250 airline fee credit 100 hilton on property credit and you also get one week a night reward every single year of your card membership so honestly it is very possible to get more value from this card if you don't have any other premium travel credit card alright so now let's move on to our next category which is dining this includes eating out takeout orders or food delivery so far we already did mention some credit cards they offered three times the points on dining so to make it worth our wild we gotta find something that's much better than that the first credit card that we will be talking about will be the u.s bank altitude go visa card after making this video you can earn 20 000 bonus points when you spend 1 000 in eligible purchases within the first 90 days so that's like a 200 value now let's talk about the earning potential you earn four times the points on takeout food delivery and dining you also earn two tons of points at grocery stores gas stations and streaming services and also one times of points on all other purchases additionally you get a 15 credit for annual streaming services such as netflix or spotify so if you are a person who likes to eat out a lot this is probably one of the best no annual fee cards for this category the next card that we will be talking about will be the american express gold card this card is a charge card meaning that you cannot keep any balances on this card and you have to pay it off every single month at the making of this video you can earn 60 000 membership reward points after you spend 4 000 on eligible purchases within the first six months typically it's three months that six month extension is very nice now let's move on to how you can earn your points you can earn four times the points at restaurants worldwide including takeout and delivery you also earn 4x points at u.s supermarkets up to 25 000 per calendar year after that it will just be 1x you also get three extra points on flights book directly through airlines or mx travel but here's another kicker you can get a 120 worth of dining credit per year so you can earn a total of 10 in statement credits monthly when you pay for your card with these companies over here one of the downsides with this card is that there is an annual fee of 250 so effectively even to maximize the food credit this comes out to be 130 hey future knob here so while i was editing this video there was actually some new benefits that released for the mx gold now you can get a 10 uber credit every single month for a total of 120 now effectively your annual fee would just be ten dollars now let's talk about gas credit cards most of the credit cards out there they do offer some type of gas benefits it's typically between two to three percent but here are some that are around five percent the first credit card that we will be talking about would be the abound credit union visa platinum credit card this credit card gives you five percent cash back on all gas purchases unlike most credit unions you do not need to be a member to apply for this one and there's no limit on how much you can earn there's also no annual fee so it is worth keeping for the long term but on the downside there's no sign of bonus and all other purchases is only one percent but if you want to dedicate a gas card then this is the one for you the next card on this list will be the pen fed platinum rewards visa signature card even though this credit union is targeted towards military individuals it's really not that difficult to become a member if you were just to donate 17 to the national military family association you can't become a member of this credit union so with this card you can earn five points at gas stations three points at supermarkets and one point for all other purchases the thing about this credit card is that one point is now only worth around point 85 cents meaning that that 5x back is technically worth 4.25 x even though the value for these points are relatively high you don't have redeeming points for visa gift cards or use them towards travel so unfortunately you can now receive statement credit or cash back now let's talk about our honorable mention which will be the city costco credit card with these credit cards you can earn four percent cash back on your first seven thousand dollars spent on gas additionally you can get three percent cash back on restaurants and travel even though this credit card does not have an annual fee you still need to be a costco member to get one the reason why a lot of people like this card is that the four percent cash back on costco gas is a really good deal since costco gas is usually cheaper than most gas stations out there most gas cash back credit cards don't offer anything when it comes to wholesale club's gas station the reason why this is an honorable mention because it does not apply to everyone especially if you don't live near a costco but even if you do live near one i really never like the idea of waiting in line for gas if you've ever been to a costco gas station you know what i'm talking about now let's move on to our next category which is online shopping this one is a little bit more personalized because it really depends on where you shop the most since amazon is a leader in the e-commerce space i would highly recommend getting the amazon prime rewards visa signature card this is only if you do have an amazon prime account if you do not you can still get the regular amazon rewards card but right now i'm just gonna focus on the amazon prime visa with this credit card you earn five percent cash back on purchases made on amazon whole foods additionally you get two percent cash back at restaurants gas stations drugstores and one percent on everything else even though this credit card does not have an annual fee you still need to have an amazon prime account to keep this card active and at the making of this video if you were to sign up for this card you can get a 70 gift card which is pretty dope the next card in this category will be the bank of america cash rewards credit card as you guys probably noticed this card is in a lot of categories and online shopping is no different the key reason behind this is that you can continuously select three percent cashback for online purchases there are other categories as well but on a topic of online shopping it is great to get three percent cash back without needing to have a store card additionally you can also get two percent cash back on groceries wholesale clubs and one percent cashback on other purchases so currently they do have a welcome offer of 200 cashback after you spend 1 000 within the first 90 days and the best part there's no annual fees now moving on to our next category which is credit cards that offer rotating categories with these credit cards they typically offer a higher percentage back such as five percent cash back per quarter the first credit card on this list will be the chase freedom flex card this is absolutely one of my favorite cards right now at the making of this video you can earn a 200 bonus either spend 500 on purchases within the first three months now let's talk about earning points or cash back you get five percent cash back up to fifteen hundred dollars in purchases in bonus categories every quarter that you activate the key here is to activate additionally you can earn five percent cash back on travel that's purchased through chase three percent cash back on dining and drugstores and one percent cashback on all other purchases and the best part there's no annual fee even though the 2021 categories have yet to be announced i imagine it going to be very similar to 2020 so here's a chart on the screen that you can pause and check out the next credit card in this category will be to discover it cash back credit card so similar to the previous credit card you'll earn five percent cash back on rotating categories they currently do have a list of the categories for this year so i'll post it on the screen right here so you guys can pause and check it out aside from that you also get one percent cash back on all other purchases and you also get cash back match for your cash back that you earn within the first year automatically additionally this is a great card to keep for the long term since there's no annual fee an honorable mention in this category will be the u.s bank cash plus credit card with this credit card you earn five percent cash back on your first two thousand dollars in combined eligible purchases each quarter and two categories that you choose you also get two percent cash back on one category that you chose such as gas stations grocery stores or restaurants so i'll place the screenshot of the categories right now the reason why i say this is an honorable mention just due to the fact that the categories are not all that great given in fact depending on your spending habits is not the common ones that you would normally use such as restaurants gas or any other areas where you may have high spending but again you know you're spending best so you may beg to differ now let's move on to the next categories which is one of my favorites which is talking about sign up bonuses or welcome offers so the way i categorize the cards in this section is from the value of the sign up bonus in regards to the minimum spend plus the annual fee the first card on the list will be the mx platinum card this card was previously mentioned in the premium travel card portion but nonetheless this card does offer a great welcome offer you can get a 100k to 125k membership reward points after you spend five thousand dollars within the first six months aside from that you'll also earn five tons of points on purchases directly made with airlines or mx travel and also five times the points on hotel bookings made directly with amex and also you can earn 1 tons of points on everything else currently at the making of this video there are a bunch of credits that you can redeem to offset the annual fee of 550 as of right now you can get a 30 monthly paypal credit until june 30th some of the other highlights with this card is that you can get an annual 200 airline fee credit 200 uber credit 100 sacks on fifth ave credit airport lounge access 100 credit for global entry and tsa precheck and additionally you can get access to mx offers which can give you more cash back on certain retailers the next card on the list will be the barclays jetblue plus credit card currently you could get 40 thousand miles after spending one thousand dollars within the first three months since jetblue true blue points are worth around one cent essentially you get a return of four hundred dollars this comes out to be around forty percent roi which is really high even though this credit card does have an annual fee of ninety nine dollars you do get your first check bag for free and they also give you 5 000 points every anniversary year effectively your annual fee will just be 49 the next card on the list will be the bank of america alaska airlines visa signature card so currently with this card there are two sign up offers available the one that we'll be talking about in particular will be the fifty thousand offer after spending two thousand dollars alaska miles are roughly worth around one cent per mile so that welcome offer will be worth around five hundred dollars so from an roi standpoint that's 25 so the best way to earn alaska miles is by spending on alaska airline tickets vacation packages and cargo purchases because you earn three miles per dollar spent you also get one mile for every other dollar that spent as well alaska airline miles does have a lot of partner airlines so you can transfer your miles to airlines such as america airlines and delta additionally with this card you do get your first check back for free but unfortunately there is an annual fee of 75 on the bright side you do get one round trip coach companion fare every single year which means that the companion pays around 121 dollars for a round trip ticket so now let's talk about my overall top picks these are my daily drivers and the cards that i keep in my wallet on a day-to-day basis i am a huge fan of no annual fee credit cards just mainly due to the fact that annual fees offset a lot of the cash back or points that you can possibly earn unless you make use of the benefits are perks the first one will be the chase freedom flex i understand that some people may not like the idea of rotating categories but it really doesn't bother me that much because a lot of the categories are things that see myself spending aside from that getting three percent cash back on dining and drugstore purchases and five percent on travel purchases through the chase portal is a pretty good deal the reason why i like chase a lot is that if you have any of the other premium travel chase credit cards is that your chase ultimate report points can be worth 25 to 50 more the next card on the list will be the citi double cash card or any other card that offers two percent cash back on everything the reason being is that it makes it very simple just have one card for everything it takes the guesswork out of trying to figure out which card for which situation the last card on my top three will be the bank of america cash rewards credit card the biggest driving factor is due to the fact that you can get three percent cash back on online shopping like the majority of us out there during this whole pandemic a lot of my shopping was done online especially for things i needed from amazon or any other online retailer yes if you have the amazon prime credit card you get five percent cash back but that's only if you have an amazon prime account and order things off amazon meanwhile i do order things off amazon but there are a lot of other online retailers that i do purchase from too there are not that many credit cards out there that offer three percent cash back on online shopping so that's why this credit card is in my top three so there you guys have it this is a large roundup of the top credit cards in every particular category these are just my own personal picks of what i think is best so depending on your spending habits and what you paying to do i know that they may be different but nonetheless i'm glad that you guys still here i'll see you guys in my next videos you

Channel: Naam Wynn

Views: 24,953

Rating: 4.9402299 out of 5

Keywords: best credit cards 2021 no annual fee, best credit cards 2021 to build credit, credit cards 2021, best credit cards 2021, best credit cards 2021 for beginners, best credit cards 2021 for students, best credit cards 2021 for travel, best credit cards 2021 for college students, best credit cards 2021 for bad credit, best credit cards 2021 for cashback, credit cards for beginners, best cashback credit card, best stock trading app, credit score, credit score explained, Chase sapphire

Id: aa2rOaMHN_s

Length: 26min 29sec (1589 seconds)

Published: Fri Feb 05 2021