OneGold Bullion Credit Card Review
I’m going to talk about a niche credit card, the OneGold card. There are many of them that I would consider niche cards. So what would I call a non-niche card? A card that just gives you cashback. You use a card, you get cashback, straightforward. Then you’ve got those that give you rewards and points for travel and miles and whatever that may be, pretty straightforward, but you have to learn how to use them to get value for those points back. Then you’ve got what I would consider more niche cards that I really like because once you’ve gotten rid of your debt and you want to start investing in different things, instead of taking that cashback, it’s a way of forcing you to start saving.
For example, we’ve got a video on the Fidelity card where you can turn the points that you earn into cash as long as it goes into the Fidelity account. They have multiple accounts, but with one of them, you can then start buying various stocks. It’s a great way to make yourself use a particular card and then start saving and investing in stocks.
This one is a bullion card, they call it, where you can use it for precious metals. There are two different companies and online services where you can buy gold and silver, Vaulted as well as OneGold, and OneGold has a credit card you can get. The way these work is when you purchase through them gold or silver, they actually hold the physical gold and silver to back up what you paid them for. This way, it’s an inflation hedge, and there are other reasons that people use precious metals. But if you want to start investing in precious metals and actually have physical gold and silver backing it up, this card, the Bullion card, has no annual fee.
When you buy some precious metals from them using the card, you can get 4 percent back, but more importantly, let’s just use the basic option they provide, which is 1 percent back. So it’s not a 2 percent back card or 1.5 percent, it’s 1 percent. However, it will allow you to then start using that to purchase gold and silver and help you diversify your portfolio or diversify what you invest in. If you’ve got stocks through a particular service, you might want to have actual precious metals. They work a little differently when it comes to hedging against things like inflation. There are plenty of videos describing it, but take a look at this credit card. I’ll put a link to it. It’s one that I find very interesting because I like niche cards if they’re going to make you start doing something that you weren’t already doing but would like to. You want to start buying gold and silver. You want to get yourself into that, maybe monthly purchases because you want a dollar-cost average over time. This is a great way to do it. They don’t have a yearly fee, and you’re going to get 1 percent back on anything you spend. If you use the card to buy gold and silver, you’ll get 4 percent back. So this is a great niche card, or at least a good niche card, and one you might want to consider. Take a look at the links. Please subscribe so you don’t miss future videos, and I’d really appreciate a like. Thanks, and good luck on your journey to get out of debt and start using credit cards to your advantage instead of giving money to the banks.
