Cashback Credit Card is a credit card that gives you a 2% cash back for every $100 you spend. This means that for every 100 you spend, you get a total of $2 back. Cashback credit cards are one of the most important credit cards because you re getting money back from every purchase you make.
00:08:39.000We're going to try to do our best to obviously keep you guys up to date, but I think today's a very important episode because the last episode we did, we talked about getting your credit started, or if you have low to no credit, kind of getting your fee in the door.
00:08:52.000Once you've got your foot in the door, then you can start taking advantage of the actual benefits that come with credit cards, which one of the big ones is cashback.
00:09:00.000And I think, honestly speaking, I think cashback credit cards are the most important credit cards because cashback credit cards actually give you Money back versus getting rewards or flyer miles, whatever.
00:09:13.000Not everyone has certain perks that they like to get, but everyone can benefit from getting cash back.
00:09:19.000And I think, in general, if you're going to go ahead and run a credit card stack, I think you need to have a good cash back credit card in your repertoire.
00:10:36.000It adds up, especially if you're using that cashback credit card to make big purchases on things for your business or you're making purchases that you otherwise would have made anyway.
00:10:42.000This is why I tell you guys, if you're paying for things with a debit card or cash, you're an idiot.
00:11:34.000And number three, you don't have to worry about putting your debit card into these readers that a lot of times steals your information.
00:11:41.000And the banks are not going to be as nice about helping you get your money back when you get scammed.
00:11:46.000Guys, scamming is one of the fastest growing crimes in America nowadays.
00:11:50.000You want to really go ahead and put your debit card into something where, These scammers might have some data there or someone might have your information like, bro, it's not worth it, man.
00:11:58.000Just use a credit card because credit cards, even the shittiest ones, have consumer protection laws in place or consumer protection policies.
00:12:05.000So, like, I don't know why anyone uses a debit card or cash.
00:12:09.000Like, if you're buying things and cashed up and screaming about this since 2020, you're literally a retard and you deserve to be made fun of.
00:12:15.000I remember recently I had an issue, you know about this, where my debit card was taken advantage of, basically.
00:13:34.000But, you know, if you're actually putting real fraud claims in there, right, as you should be, 99% of the time you're going to get your money back and you won't have to pay that balance.
00:13:44.000As you're waiting for them to conduct their investigation.
00:13:47.000And that's another good thing with using a credit card.
00:13:49.000You get that added layer of protection.
00:14:24.000What about, like, you know, Dave Ramsey tells me all the time that, like, you know, debt is bad and, you know, having a credit card is evil, blah, blah.
00:14:31.000Look, if you're watching Fresh and Fit, you're already a higher IQ individual and you have some critical thingy skills.
00:15:40.000When you evolve watching our content, watching for years, our Money Money episodes, you just don't realize the pattern here.
00:15:47.000There's people that have credit cards that are massive amounts of debt.
00:15:51.000But then there are others that have credit cards that are buying real estate, getting deals done, getting best risk because they're responsible with the money.
00:15:58.000Now, as a nigga, you know, I've been there.
00:16:49.000If you just simply don't spend more than you make and use credit cards for everything that you buy, you're going to be in a really good position because what you're doing is you're buying things you're going to buy anyway.
00:17:02.000You're getting free money and benefits.
00:17:04.000You're getting the benefits of improving your credit score.
00:17:07.000While simultaneously getting free benefits, whether it's points, cash, whatever it is, depending on, in this case, it's going to be cash because we're going to tell you guys about cashback credit cards.
00:17:16.000And you're getting that extra consumer protection, man.
00:17:20.000So, again, I'm spending the beginning part of this because I know a lot of you guys have credit card fear because a lot of financial gurus will tell you guys, oh, stay away from credit cards.
00:17:46.000So unless you want to be paying 10% on interest rates or not get approved for a loan when you apply to buy a home or your first investment property, you're going to have to bring your credit score to an acceptable level.
00:17:55.000That's going to need to be about a 760, if not better, okay?
00:18:01.000Otherwise, you're going to get absolutely fucking jerked around when they hit you with a higher interest rate because your credit score sucks, guys.
00:18:07.000So it's not just about building credit so you can get some points or fly around and, you know, meet bitches.
00:18:12.000No, it's about getting a good building up a credit, getting a good credit score.
00:18:15.000Then you're working your way up so that you can go ahead and procure your first.
00:18:21.000So you can go ahead and start to build actual wealth.
00:18:23.000And this is what they don't want you guys to know because if you understand debt properly and you understand how to manage your money properly, what's going to happen is you are going to go ahead and be able to create what I call the well of wealth, right?
00:18:35.000So what I mean by this well of wealth is your goal is to do this.
00:18:38.000Your goal is to work, make money, earn income, right?
00:18:43.000From that earned income, you're going to take a portion of it As much of it as you can, by the way, that you can afford to, and you're going to invest it into an asset class that pays you back, okay?
00:18:55.000Now, you do this for one year, two years, three years, four years, five years, you might get your first property.
00:19:01.000Once you get that first property, that property is going to be paying you to own it, okay?
00:19:06.000Because you're going to be leveraging it where you're using a bank to get a portion of it paid off.
00:19:11.000You put in a small portion, then you got a tenant in there paying for it, right?
00:19:15.000When a tenant pays for it, You build up and save that money as well, just like you did before.
00:19:19.000Now you got added income, you got earned income, and you're going to go ahead and you do that again.
00:19:22.000Then you're going to do it again, and you're going to do it again, and you're going to do it again.
00:19:24.000And what's going to happen is, you're going to be having money coming in consistently from the real estate properties.
00:19:52.000But for you to be able to do this, you need to be able to manage debt properly, okay?
00:19:55.000That means eliminating consumer debt to the best of your ability while simultaneously getting good debt, aka real estate debt, that your fucking tenant is paying off for you, okay?
00:20:06.000That is the secret that no one wants to fucking tell you guys because, you know, they're like, oh, well, you know, I could buy my course and I'll teach you.
00:20:12.000No, man, we're just telling you guys this shit for free.
00:20:14.000But it starts with you having credit card diligence, guys.
00:20:40.000I can say what I want to say because I don't have to worry about anything because I got my real estate that's taking care of me, right?
00:20:45.000So I want you guys to be in that position.
00:20:47.000Maybe not necessarily saying fuck the temple, but you guys get what I'm saying here.
00:20:50.000I want you guys to be able to have the freedom to do what you want to do, whether it's you flipping off your boss, you flipping off your coworkers, whatever it is, having a hold on financial clarity and understanding how debt works and leveraging it to your fucking benefit, a.k.a.
00:21:05.000flipping the usury back on them, then you could go ahead and get the W. So let's talk about this, these cashback credit cards, right?
00:21:14.000Do you have anything you want to add before I...
00:21:57.000Yeah, we didn't think that she was going to...
00:22:02.000Before we show them the first card here, the reason why I want you guys to all have at least a cashback credit card is because, like I said before, with a cashback credit card, you're going to at least get money back, and you can use that.
00:22:12.000And again, for every $100, you get maybe 2%, whatever.
00:22:26.000So I think it's a big W. And I think if you're going to have a credit card, right, and you want to benefit, at least make it a cashback credit card.
00:23:20.000The only way it's acceptable to get a 1.5 or a 1% cashback is if like it's giving you some crazy number on some other category that you spend on all the time.
00:25:01.000Here's a cheat code you can use as well.
00:25:02.000Whenever you want a car from a specific bank, Now, if you're a brokey and you have negative balances in your account, then you can forget it because they probably know you're a bad customer.
00:25:17.000But if you're a good customer, they should treat you good, at least with that.
00:25:20.000Granted, though, most of you that use Chase Wells Fargo TD Bank, if you go through them for your actual credit cards, it should be a little bit easier.
00:25:42.000So every month, I would have, like, legit, okay, I can spend on this card maybe $2,000 to $3,000 max because I have the cash to pay it off.
00:25:51.000If you go over that limit, you're cooked.
00:25:54.000So have a record of what you can spend on each card so you don't overdo it.
00:25:57.000And if you're not sure, log into your account.
00:27:07.000Then you get 2% unlimited cash back rewards on purchases, and there's a zero annual fee, which is fucking huge, because zero annual fee, guys, so it doesn't hurt you whatsoever to hold a credit card.
00:27:21.000You get 200 bucks just for signing up.
00:27:52.000I mean, it's an easier card to get, but let's say my credit score wasn't where it's at.
00:27:55.000I would have a harder time getting this card than Fresh, for example, because Fresh is a Wells Fargo customer, so they're going to give him a bit more leeway to get access to the card.
00:28:03.000So banking with the institution does help you a little bit when it comes to getting their credit cards.
00:31:39.000See, like, all these credit card companies, when you use their apps, they want you to use their apps, and they give you, like, a free credit score tracker.
00:31:46.000So, you don't need, like, credit card or any of this bullshit no more.
00:31:48.000Also, here's my FICO score on Wells Fargo.
00:32:15.000But yeah, guys, the good part about this is that once you understand proper budgeting for your card, it's the best tool you can use towards leveraging and creating wealth for yourself with certain items, obviously assets, not liabilities.
00:32:27.000And the good part is once you do this, And also, let's say you want to go on a trip with a chick.
00:32:37.000She's like, oh my god, papi, thank you for taking me on a trip.
00:34:38.000So guys, you need to know your credit score and getting a credit card Even if it's a beginner and then you graduate to getting a cashback credit card, now you have access to looking at your credit score and you know what it is and you can improve it so that when you go ahead and make that big purchase, your home, your car, you try to get a personal loan, any of that shit, you know what your credit score is.
00:34:57.000So it's not just about getting a cashback card so you can go ahead and fucking, you know, be able to take a free trip every year.
00:37:39.000And just so you guys know, City's not cutting us a check.
00:37:41.000All these other bitch-ass niggas on YouTube that are like, you know, credit card gurus or whatever, niggas pay them to tell you guys about those cards.
00:37:49.000We are just telling you guys the truth.
00:37:51.000About the best cards right now, you know, in May as of 2025.
00:37:56.000And we just want you guys to make money, be able to get some reward while doing it, increase your credit score, get some buyer protection, and most importantly, be able to track your credit so you guys can make real purchases in the fucking future because the worst thing ever, guys.
00:38:12.000I don't think people understand how important this is.
00:38:14.000A lot of you motherfuckers don't know your credit score until you go make that purchase.
00:38:17.000Alright, so I'll tell you guys a quick story.
00:40:00.000And that book tells you, you need to look before you go to any place with your score ready in hand so you can tell them, listen, here's my score.
00:40:12.000So, sorry, you know, you get lower rates at higher tiers, higher rates at lower...
00:40:18.000So the best part about it is if you know what you have in your hand and the power you have, you can walk in there confident and get the best deal possible.
00:40:24.000Yeah, and they can't jerk you around, man.
00:40:25.000That's so important that they can't jerk you around, guys, because they always will try to jerk you around.
00:40:30.000And the worst thing you want, I'm telling you guys, they're banking on you not knowing your credit score, and you show up at the dealership or trying to close on a house or whatever, and your credit score sucks.
00:40:40.000And then they're like, oh, well, we can give you a loan, but it's going to be with this interest rate.
00:40:44.000Because they'll hype you up and sell you the car.
00:41:16.000Because now, you get their credit card, you use their credit card, you pay it off, they get business from you, and then they give you access to a nice app that also tracks your credit score.
00:43:35.000Okay, so low intro APR on transfers only.
00:43:37.000So, yeah, I remember this used to have a period of zero intro APR for the first year, but they probably nerfed it because this card is so popular.
00:44:12.000Earn unlimited 2% cash back on all eligible purchases, no rotating spend categories, no caps, no limits.
00:44:17.000Plus get two special introductory offers.
00:44:19.000So basically you get a bonus cashback, get 200% cashback in the form of a statement credit when you spend $1,500 within the first 90 days after account spending.
00:44:28.000And then balance transfer, 0% introductory APR balance transfer for the first 15 billing cycles after account opening.
00:46:50.000Can you kind of take them through that?
00:46:51.000Well, one, I had to really seriously budget, and I made sure everything that I was paying for, I used my Discover It, and I utilized the cashback feature.
00:47:01.000And every couple of months, they have, like, certain things.
00:47:05.000Maybe, like, a set of three months, it'll be, like, grocery stores.
00:47:09.000Another set of three months, it'll be, like, restaurants.
00:47:34.000But yes, it is trash on the long run, Yes.
00:47:40.000And it was the only one that actually took me in with my low credit score.
00:47:45.000What was your credit score at the time?
00:47:47.000It was like five, And then with the Discover It, so you had it for, how long did you have it before you transitioned it from unsecured to secured?
00:50:46.000So remember how I told you guys, you don't want a fucking credit card that gives you 1% ever?
00:50:50.000So with a card like this, if it gives you Because now you're getting 3% cash back, so maybe a 2% flat rate won't be as good as this card, right?
00:51:07.000Especially if you spend a bulk of your money on gas and retail purchases and groceries, which for most Americans, this is where the majority of their money goes anyway, right?
00:55:59.000This one, basically, you get 250 back after you spend 3,000 purchases on your first new card within the first six months of card membership.
00:56:04.000You receive 250 cash back in the form of statement credit.
00:56:08.000Amex usually does statement credits, by the way, guys.
01:03:54.000Apple Card, bro, be honest with y 'all, only if you buy a lot of Apple products and you want to use your phone to do things with Apple Pay, that's the only way.
01:04:00.000Or if you want to track your spending and shit like that, it's really good for that.
01:04:03.000It shows you charts and all that shit on the phone.
01:04:05.000That's where Apple Pay, the Apple Card, makes sense.
01:04:08.000If you don't care about none of that, bro, don't get it.
01:04:12.000I got it just because I remember I was buying a laptop and back then you got 5% cash back so I got the card to get the laptop.
01:07:00.000And then you got Whole Foods basically earn a limited 3% back online or in-store at the Whole Foods market or 5% with the eligible Prime membership.
01:09:29.000Because some bitch ass niggas said that we view by.
01:09:30.000Guys, if you hit the front page of Rumble, what ends up happening is anyone that's on the front page of Rumble, well, if you're on the first thing, automatically.
01:09:42.000Because they can see, if you're the number one, because it shows a box, a preview box.
01:09:48.000Also, you don't get deals if you viewbot, you idiot.
01:11:59.000The biggest thing with this car is being able to pay a rent with it, guys, and get points for it, man, because I know how many of y 'all have, you know, had a direct deposit or whatever, and you're not getting a benefit paying on it.
01:12:12.000And you're not getting a reward on it.
01:12:13.000So, the purpose of this, guys, is to, you know, get a benefit, finally, for paying, you know, that $1,000, $2,000, $3,000 a month in rent, man.
01:13:31.000The point is, guys, is obviously get the best one that you can get, because I think annual membership fee, no fees of any kind, zero.
01:13:37.000So, if you can get the Pedal 2, get it, but it depends on your, you know what it probably is?
01:13:41.000It probably depends on your credit score.
01:13:42.000So get Maybe the Petal 1 Rise might not be the one for you guys, but the Petal 1 or the Petal 2, get the best one that you can and start building up your credit.
01:13:51.000So these are credit cards that you can get in the beginning, which we've talked about before.
01:13:56.000And the other one also, guys, is the Discover It card.
01:14:14.000You called them and you said, "Hey, I want to turn it into unsecured?" Yes.
01:14:18.000It was exactly how you said it too, where you would apply online, they wouldn't even answer, or they just declined, and I called them myself and said, "Hey, I really want to stay with this card.
01:15:29.000And then he was able to go ahead and get, now he has the Amazon card.
01:15:32.000Then he has a venture Capital One card, which these cards, you need to have a very good credit score to get, which give you crazy benefits, like we've talked about.
01:18:04.000But, like, if you guys aren't idiots and you guys, right, because a lot of you guys that watch us are more critical thinkers, get your beginner credit card.
01:18:21.000The only time it's acceptable to get a credit card that gets you under 2% for cashback is the cards that we showed you guys where you get ridiculous benefits.
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01:24:14.000These cards are only for military guys, bro.
01:24:18.000The reason why I stay away from Navy and all that other stuff is that you gotta be military or a government employee to get these cards a lot of times.
01:26:24.000Like, he says shit like, okay, you need to put like, you know, $100 for your light bill and put an envelope here and then store it away and then take another $100 and put it for your water bill and put it over here in store.
01:26:34.000Like, this is for bottom denominator retards, bro.
01:26:36.000Lowest common denominator fucking idiots.
01:26:38.000Like, people that lack critical thinking skills that aren't intelligent.
01:26:42.000So Dave Ramsey, this is why he has such a huge audience, man.
01:26:46.000And that's not to insult him or whatever, but I do think that for the – But you're not going to be rich listening to Dave Ramsey.
01:27:23.000You're going to become rich by making as much money as you can and investing it into assets that are pretty shit over time that pay you back.
01:31:41.000As of now, Bill, MasterCard cannot be used for direct pay mortgages to earn points, but it announced plans to introduce this feature in 2025.