The best credit cards to apply for to get the most cash back in 2015. Sign up, get rewards, then cancel the card, rinse repeat.
Hey what’s up everybody this is beat the bush and today we’re going to talk about some credit cards that will get you the most points especially after an initial spend amount but before we get to that let me show you my credit score so that you’ll know that i’m really serious about credit you can see this letter i got from bic of america saying what credit score i
Haven’t sleep all day year and a half ago and it said i got in credit score of 848 and this is out of 850 this is my discover statement from just a month ago here it says my fico scores 827 it’s dropped a little bit because i’ve been applying to other cards and it actually dropped to 822 and it’s slowly recovering back actually i don’t really care where it is because
I’m not really using the score at all these days the first card i want to talk about is this american express cash card says spend $500 you get $100 back right around that time line insurance payment was due so then i just paid my insurance which was pretty close to five hundred some dollars every six months or so and basically i got $100 off of paying insurance
20% off just right there just from these points is not bad at all i use a credit card for every type of transaction one for gas and groceries one for restaurant etc or everything else i use fidelity investment rewards and you get two percent gets automatically place it into your investment account i’m no longer recommending this one because the american express
Is just not accepted everywhere so when i go to certain places i would try to whip this out and then go okay i want to pay for something and i’ll be like no source of american express so therefore i want to switch to this city double cash card it’s really blue and green on this thing i made this just to show you this is going to be either these are our master cards
So going to get acepted a lot more places and so i can use this 2% much more often than this one using this fidelity card i feel like i fail to use it maybe 2030 percent of the time so i’m hoping after getting this one i get a higher rate of success and i’ll get more 2 percent back you know i was like what the heck is that smell this freakin marker smells like hat
Like it’s uh smells like something is rotting inside this thing oh gross so this is the citibank thank you premier card you can see the back is actually the front usually it’s this way and then that’s the back way so they flipped it over i used it a few times and people keep on wondering what the heck is this how come it’s so weird looking i guess you can get pro
Any points for like having a unique car that’s always kind of cool i guess i’m more interested in the points you spend $3,000 get 50,000 points which is worse 500 dollars spending $3,000 is kind of hard for me i cannot spend that much so i’m gonna try putting every kind of expense i have into this but i think i’m gonna come up short so you get this and you need
To fill up your expenses can try to shift how much you spend by just buying amazon gift cards you buy and it’s gonna sit there and then you know rest of the year you you try to whittle away at it and spend it instead after i meet the spending requirements i am actually going to cancel this because the thank you premier has a ninety five dollar yearly fee if it’s
Coming up to that one year anniversary i will cancel it and most people would ask hey if you cancel it isn’t your credit score gonna go down well i don’t really care because i have a pretty high credit score i don’t use it too often if you cancel it yes it will go down a little bit that would depend on how young the credit card is if you just got the credit card
And then you cancel it it won’t affect your credit score too much because a big factor of the credit card is the age of the credit cards you so you don’t want to cancel your oldest credit cards these new ones that you get you can get them and the cat’s alone but your credit score will still take a hit i’ve noticed me cancelling two cards that it might have dipped
Maybe like 20 30 points for both of them and it may take maybe six months to a year to recover so that’s just a little warning for you if you’re going to go around canceling these cards you’ve got to know what you’re doing or your credit report any of you can survive this that make do maybe like two to three or four a year and you know just recreationally it’s not
A sport or anything i hope that was useful for you and if you have any questions please leave a comment down below don’t forget to click like and subscribe to my channel thanks for watching
Transcribed from video
Best Cash Back Credit Cards for 2015 | BeatTheBush By BeatTheBush
