The BEST Cash Back Credit Card Setup (w/ RJ Financial)

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Hey guys, in this video, I brought our good friend @RJFinancial back on the channel to discuss cashback credit card setups. Not only that, but I put his nickname to the test (Mr. 5x All The Things) by creating the best cashback setup possible in hopes that we cover every main spending category at 5% cashback. If you've been wondering "What is the best cashback credit card setup?" or "What are the best cashback credit cards?", this video will help you answer those questions while also giving you room to create the most optimal setup for yourself!

RJ's Channel: @RJFinancial

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📚 Chapters:
00:00 Mr. 5x All The Things!
00:46 Cashback vs. Travel Credit Cards
01:30 RJ's Travel Experiences
03:13 Are Luxury Travel Credit Cards Really Worth It?
04:08 Building The Best Cashback Credit Card Setup
04:46 Target Outcomes Of This Setup
05:38 Best Cash Back Credit Cards: GROCERY
07:47 Best Cash Back Credit Cards: GAS
08:59 Best Cash Back Credit Cards: INTERNET/PHONE
09:31 Best Cash Back Credit Cards: GYM
09:51 Best Cash Back Credit Cards: SHOPPING
11:47 Best Cash Back Credit Cards: ONLINE SHOPPING
12:46 Best Cash Back Credit Cards: RENT/MORTGAGE
13:01 Best Cash Back Credit Cards: UTILITIES
13:31 Best Cash Back Credit Cards: DINING
14:25 Best Cash Back Credit Cards: TRAVEL
15:01 Best Cash Back Credit Cards: ENTERTAINMENT
15:12 Best Cash Back Credit Cards: MISCELLANEOUS
15:41 Best Cash Back Credit Cards: CATEGORY CARDS
17:04 How To Build The Best Cash Back Credit Card Setup
18:46 Where To Learn More About Cash Back Credit Cards

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#rjfinancial #cashback #creditcards

[SpencerJohnsonOfficial]

EDIT: The US Bank Altitude Go gets 4x back on DINING, not GROCERIES. It can make a great dining card for the right person!


What cash back credit cards do you use the most? 🤔👇🏼

[DJOctober]

RJ is honestly a dude I’d want to catch a beer and have a talk with. Down to earth, open-minded, and funny! The collabs you’ve been having on the channel have been great - keep them up!

#TeamCashBack (but right now I do have a hotel stay planned in July, so team travel momentarily)

[fogrunr]

When you shift the model to overseas, the choice is clear. Capital One leads the way.

[callmeNeno]

Two of my favorite cash back collaborators~~

[braskabani]

That 10% cash back on uber eats from savor one right now is no joke.

[SpencerJohnsonOfficial]

UPDATE: The Altitude GO gets 4x back on DINING instead of groceries as we mentioned. It could make a great dining card!


What cash-back cards do you use in your daily setup? 💳👇🏼

[dizzyg]

RJ is on all the heavy hitters. Citi Custom Cash, US Bank Cash+, Freedom Flex, Discover IT, Ink Cash, Business Voice. Strong 💪 teamwork, lots of options.

[jakehuang]

For me, the most useful place for cashback cards are monthly bill payments (i.e. utility & streaming subs), bc once you set it up, it's pretty much automated. I just set up my US Bank Cash+ to pay my utilities every month and I'm guaranteed to get 5% back on my utilities every month with no work. Sure, it's better to pay them back with a card that you're working a bonus offer towards, but it's just too much hassle for me.

[saangtoaikaa]

Citi allows you to convert any no AF card to the Citi Custom Cash [CCC] card. That's how I got 2 CCCs. I got my 1st CCC in 2021 when it was launched. This year, I converted my Citi Double Cash to Citi Custom Cash.

[TheCreditFrog]

Fun video Spencer! I love it when credit cards are put on the board like a game, because let's be honest, it kind of is haha!

[pkt]

I looked up the AAA Daily Advantage. He said it is capped at $2500 per year, but it literally says on the screen that the cap is $10, 000 per year. Perhaps he meant $2500 per quarter.

[MillisConstruction]

Even though I’m all in on Amex and Marriott I put all my groceries on the Blue Cash Preferred. That 6% on groceries combined with the $84/year Disney plus credit easily clears that $95/af. I max the 6k in groceries per year easily.

[MattWelterOfficial]

Totally respect people who prioritize cash-back, and there is definitely some validity to prioritizing that route. I personally just love Travel and really want to travel internationally, so getting that upside value for some of those travel experiences, especially some cool First-Class Flight redemptions is definitely something I want to prioritize. Really interesting to hear RJ's perspective on how he travels and why it doesn't make as much sense. Great collab Spencer & RJ!

[ChaseYokoyama]

I love how credit cards can cater towards both cash back OR travel / points focused customers. This was a solid example of setups that would work for cash back focused people.

[LukesPointsandMiles]

Stop the BS, RJ. Go deposti $50 in a few regional banks and keep opening Max Cash Rewards Cards (US Bank Cash + Clones). 5x all the things.

[sterlingjones]

I’ll check RJ out now since I am definitely cash back 👍.

[excitinglife]

Great video Spencer, as usual!! I’m a beginner, I wonder for grocieries & gas if the citi custom cash is the better (to have now) than a sapphire preferred (to have in the future) when the ultimate goal is to stack points for traveling, or the equivalent of saving money for travel. What are your thoughts? 🙌🏻🙌🏻

[MPG]

Great video! I’m currently team cashback myself as RJ said with starting out with not much and cashback helps you out a lot. Looking to be doing more team travel too, but probably in the middle or still close to cashback still. Love the content per usual.

[slashwonder]

I always enjoy seeing an RJ and Spencer duo video. I wonder what the game would show for team travel, maybe run a round of 2-3 travel times vs 5-6.

[juanmeowmix]

A possibility, what about using the 5X back Gas or Grocery cards to buy gift cards to pay for other categories. Like say you eat Wendy's a lot. Get a big Wendy's gift card at the gas / grocery store at 5X. Also other prepaid cards to pay for other this like T-Mobile service, etc. A possibility perhaps.