Fax Email Signature Credit Card with airSlate SignNow

Fax email signature credit card

hey guys welcome back to the channel a couple weeks ago I made a video talking about the problem with annual fee cash back cards unlike credit cards that earn points and miles which can have a flexible value depending on how you use them with a strictly cash back credit card that has an annual fee it's the math isn't very complicated to figure out whether or not you're getting good value not from that credit card and in today's video we need to talk about a credit card that has been mentioned in the comments section on my channel a couple times people either say hey what about the Alliance Visa Signature card or I think the Alliance visas signature card is a good card what do you think so we need to talk about this card and the problem with this card so here's the rundown of the card it has a $99 annual fee but they're gonna waive it in the first year if you want you can think of them waiving the ninety-nine annual fee as basically a $99 signup bonus for getting the card and it is it says exclusively designed for high spenders with excellent credits and they used to have language on the website saying they were looking for people spending more than forty thousand or fifty thousand dollars a year on a credit card and it calls it a true cashback card two point five percent no categories to keep track of rates as low as eleven point seven four percent generous credit limit whatever that amount might be and then it offers actually this is a good thing but no foreign transaction fees and zero dollar or fraud liability guarantee from visa and there are some pretty good static abilities that come with this card that are good to have such as once again no foreign transaction fees travel accident coverage rental car collision coverage purchases protection purchase and roadside assistance but this card is very odd in that you know it says they only want high spenders and there's actually a sliding scale tool on their website saying how much do you spend per month and the minimum is thirty five hundred dollars spending thirty five hundred dollars a month on one credit card is a lot but it's basically you know a calculator saying hey if you're spending minimum forty-two thousand year you'll get more than one thousand and fifty dollars in cash back that is you know that that greatly offsets that ninety nine dollar annual fee that we're going to be charging you but I feel like that is not normal I don't know what your circumstance is but there's no way that I'm spending forty two thousand dollars in a year on a single credit card I guess there are certain scenarios certain people that would be doing this I feel like if you were spending that much it have to be business-related and you would be making them business purchases on a business credit card this is not marketed as a business credit card it's a personal credit card so yeah I guess there are some people out there who are spending 40 50 60 80 thousand dollars of their own personal money on a credit card and for them yeah maybe they just want the simplicity they don't want to have multiple cards they don't want to deal with points and miles they just want the best cash back rates so to offset that 99 dollar annual fee at a 2.5 percent cash back read on your first basically three thousand nine hundred and sixty dollars that's what you need to spend to break-even to get back to absolute zero so if you only spent about four thousand dollars on this credit card in the year you earned nothing you earned no cash back at all so in order to compare this credit card the Alliance Visa Signature we can compare it against the American Express business cash card or the city double cash these are both no annual fee credit cards ones a business credit card but they both earn 2% cash back and all purchases up to 50,000 year for the Amex business cash and then it's actually unlimited for the city double cash so the match up to say you know what is this worth you have let's just do the double cash because that doesn't have a spending cap 2% no annual fee versus 2.5% and a $99 annual fee to figure out the math you just divide that annual fee difference divided by the percent difference so half a percentage point and you would need to spend basically $20,000 in a year in order to overtake the double cash so you'd have to spend more than 20 grand with the Alliant visas signature to overtake the double cash card however your true cash back rate with the Alliant Visa signature is not 2.5% in fact it will never be 2.5% let's go ahead and double that number that you the breakeven number of $20,000 let's say you spent $40,000 with this credit card multiply 40,000 by the cash back rate 2.5% and you get about $1,000 you then have to subtract that $99 annual fee so you earned nine hundred and one dollars divide that by how much you spent and your cash back rate is actually 2.25 percent so I think a lot of people say to themselves hey I just got to hit 20,000 on this card and then I'm making more money you know then the double cash so I'm good I'm at that 2.5 percent this is great but it's actually impossible you can never reach 2.5 percent you know when you when you swap out these numbers for 50,000 60,000 a hundred thousand it's actually impossible to ever average for the year two point five percent but yes you did overtake the double cash and if you were someone who had a one card set up with the double cash you didn't want to have any other credit cards you only wanted cash back and you were spending more than twenty thousand a year then yes the Alliant Visa signature would make sense for you but what happens when we compare this credit card against points and miles earning credit cards let's say you are just running a simple two card setup with the Chase Sapphire Reserve and the freedom unlimited and you value the Chase Sapphire Reserve static perks and credits at full value you're someone who really likes priority pass or lift pink membership or the door - subscription and you say the five fifty annual fee is offset by the you know the static abilities and the credits of the Chase Sapphire Reserve so in that situation yeah running these two cards versus the Alliance would be comparable if you were to spend that same forty thousand on your freedom unlimited and then you you'd be earning 1.5 point so there'd be 60,000 chase ultimate reward points when you redeem that in the portal because you hold the Chase Sapphire reserve you'd be getting a 1 five point boost and you'd beginning about $900 worth of value through chases portal towards flights and hotels if these were expenses you were gonna guaranteed make no matter what costs that you were gonna put on your Alliant visa signature then basically these two setups would would would cancel out they'd be equal at this point where it gets worse is then if you use those 60,000 points to then transfer out to either Hyatts or United or British Airways and you could get a higher Redemption value of two cents per point then you would have 1200 dollars worth of value versus once again that fixed rate of 901 dollars cash back with the elite Allegiant visa signature when we compare this card against a simple two card Amex set up once again let's say you got the Charles Schwab MX platinum $550 annual fee but you view the credits and the static abilities you know gold status with Hilton gold status with Marriott Bond voice the extended Centurion lounge and priority pass plus the $500 in credits let's see if you say that that offsets the annual fee then if you were to use the blue Business Plus card which is a no annual fee business card but you'd be earning - Amex membership reward points on all dollars spent now we get you 80,000 points if you were to cash it out to your Charles Schwab brokerage account that'd be a thousand dollars worth of cashback equivalents once again if you were to go for transfer partners either you know Delta or Marriott bond voy you could get sixteen hundred dollars worth of value so who is this credit card for it's for someone who doesn't want to deal with points and miles and only wants cash back and is going to be spending more than twenty thousand a year it only wants basically a one card set up in that extremely narrow circumstance then yeah this card does make sense for that person but that's not me and that's probably not you I think most people watching this video are willing to play the game and you know sign up for a card you get get the sign-up bonus maybe then downgrade cancel it after a year to happen this card in your rotation doesn't doesn't allow you to do that this is a one and done end of the line you don't need to get any other credit card ever again kind of credit card and I don't think that's what most people are looking for okay guys if you enjoyed this video give it a thumbs up in addition if you haven't already consider subscribing my channel I post a lot about credit cards these days and if there's any other cards you want me to take a look at and make a video about a comparison let me know in a comment down below I love hearing from you guys I read and respond to all comments and until the next video take care