Citi Custom Cash vs. AMEX Blue Cash Preferred | BEST Cashback Card?
1.7 هزار بار بازدید -
2 سال پیش
-
The Citi Custom Cash card
The Citi Custom Cash card was revolutionary when it came out since it offered automatic 5% cash back on your top monthly spend category without selecting, enrolling, or changing anything. I had been using the AMEX Blue Cash Preferred for my grocery spending up until this card came out in 2021. However, once the Citi Custom Cash card came out, I decided to retire this card. In this video, I’ll explain why I think the AMEX Blue Cash Preferred is obsolete, and include an AMEX BPC as well as a Citi Custom Cash Card review.
Although the AMEX Blue Cash Preferred offers 6% cash back on groceries (with a limit of $6,000 per year), unfortunately, it has this $95 annual fee, which will eat into your overall earnings. The Citi Custom Cash credit card offers 5% cash back for that same $500 in grocery spending per month, with only 1% lower than the BCP and no annual fee.
I do want to point out that I think the AMEX Blue Cash Preferred can still be a great go-to card for a lot of people. Since it covers a lot of high-yield categories such as groceries, streaming services, gas, and transit, it may be an excellent card for some of you that want just one card that can get you great cash back on a lot of common spend categories with an easy cash back redemption system.
Overall, both the Citi Custom Cash and the AMEX Blue Cash Preferred cards are both excellent cards to use. But it’s important to realize that depending on your specific situation, analyzing your expenses and doing the math is the best way to see which card makes sense for you.
--
CONNECT with me:
▶️ SUBSCRIBE to my channel!: thecreditfrog
📷 Instagram: Instagram: thecreditfrog
✅ Referral Links: https://znap.link/tcf
Chapters:
00:00 Intro
01:27 Overview of Both Cards
03:31 Comparison Using Grocery Category
04:33 Comparison Using All Categories
06:43 Why the AMEX BCP is Obsolete
08:26 Outro
--
Disclaimer: I am not a financial advisor, accountant, or lawyer, and as such, I do not provide financial, tax, or legal advice. This video, and any ideas presented in it, are opinions and are provided for entertainment purposes only. Please do your own research and consult your own financial, tax, or legal professional for specific advice.
#citicustomcash, #amexbcp, #creditcards
Although the AMEX Blue Cash Preferred offers 6% cash back on groceries (with a limit of $6,000 per year), unfortunately, it has this $95 annual fee, which will eat into your overall earnings. The Citi Custom Cash credit card offers 5% cash back for that same $500 in grocery spending per month, with only 1% lower than the BCP and no annual fee.
I do want to point out that I think the AMEX Blue Cash Preferred can still be a great go-to card for a lot of people. Since it covers a lot of high-yield categories such as groceries, streaming services, gas, and transit, it may be an excellent card for some of you that want just one card that can get you great cash back on a lot of common spend categories with an easy cash back redemption system.
Overall, both the Citi Custom Cash and the AMEX Blue Cash Preferred cards are both excellent cards to use. But it’s important to realize that depending on your specific situation, analyzing your expenses and doing the math is the best way to see which card makes sense for you.
--
CONNECT with me:
▶️ SUBSCRIBE to my channel!: thecreditfrog
📷 Instagram: Instagram: thecreditfrog
✅ Referral Links: https://znap.link/tcf
Chapters:
00:00 Intro
01:27 Overview of Both Cards
03:31 Comparison Using Grocery Category
04:33 Comparison Using All Categories
06:43 Why the AMEX BCP is Obsolete
08:26 Outro
--
Disclaimer: I am not a financial advisor, accountant, or lawyer, and as such, I do not provide financial, tax, or legal advice. This video, and any ideas presented in it, are opinions and are provided for entertainment purposes only. Please do your own research and consult your own financial, tax, or legal professional for specific advice.
#citicustomcash, #amexbcp, #creditcards
2 سال پیش
در تاریخ 1401/03/23 منتشر شده
است.
1,761
بـار بازدید شده