The Video Credit Card Companies Don’t Want You to See
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- Опубликовано: 8 сен 2022
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Have 5 credit cards. Working on paying off my last one. Then no more credit cards!
I’ve lived the credit card lifestyle and have now been credit card free for years. I am at peace now and my life is so much easier. I will never go back to credit cards again. Thank you Rachel and Dave.
I didn't get a credit card until I was 30 years old because I was trying to buy a house. I regret ever doing it because I ended up getting more cards and getting into 10K of debt when I told myself I would only have a $500 line. They kept offering me more and more of a credit limit and I kept taking it. I am hoping to pay off my debt this year.
I had two friends who used to work for a very popular bank at one time. When they got married, the bank fired one of them because they said they embarrassed them because their credit score reflected badly on the bank when they were individuals it was acceptable, but once they became a married couple, it was an embarrassment.
Something is missing here. Doesn't make sense on why they would come up with that reason
Back in the 1980s, I got a beautiful gold credit card in the mail on day. It was a carte blanche and dinner club. Well it was dual set. I thought I was a rich man. I went shopping and got a lot of things and some cash to.
About 6 weeks went by, I got a huge bill in the mail for over $4,000 and it was due!
I had to sell a car and have a yard sale and borrow money at a local bank. I got it paid off but, never ever did that again 🤢
I haven’t had a credit card in 20 years. I pay cash for my cars. I have tremendous peace of mind. 20 years ago I paid off my car and about $40k in credit card debt. So. Much. Stress. Gone. It took me about 5 years to pay it all off and I will not go back to that.
Yes! Finally someone who gets it. I got rid of my credit cards in 2017 and never look back. I pay cash for cars and everything. I wish I would have been paying cash 20 years ago but I thought you needed to have credit to get ahead in life. I was grossly misinformed lol.
@M Webb Congrats. The peace of mind that comes with no credit card debts or no debt whatsoever is truly worth it. This is my 4th year without a credit card and it has been fabulous. I have zero desire to get into debt ever again.
@@leonroberts01 congrats!! It really is amazing. This is my 5th year. We have been 100% debt free including the house since early 2020 and the grass really does feel different. Gives you so many more options in your life.
@@dreams2383 True. Having no debts in your life does give you more options. I can testify to this. I can only imagine how wonderful it must feel to live in a house that 100% belongs to you with no mortgage. Enjoy the freedom and keep it up. 👍
@@leonroberts01 thanks. You'll get there as well.
Yes!! Finally someone that shows the truth. Most people look at my husband and I like we have a third eye when we tell them we don’t own credit cards anymore.
While I agree with everything here, if your brain doesn't feel like money is leaving your account when using a cc, you may need some math lessons.
Exactly!
I am mere weeks from being 100% debt free. Yes, that includes the mortgage. While it has taken us longer than some, we are finally arriving. I owe it to Dave Ramsey (and Rachel Cruze), for laying out, in plain English, how to do it, and why.
Thank you, thank you, thank you!
PS - Eight years ago, we were able to get a 15-year mortgage with a fixed rate of 4.875%, with no credit score. No credit cards. We've paid extra principle with every payment, saving us thousands in interest. It can be done.
“Truth is so obscure in these times, and falsehood so established, that, unless we love the truth, we cannot know it.” - Blaise Pascal
This is the video that first made me question credit cards. Even before I knew about Dave Ramsey. The other videos in the series are great too.
What was your question about credit cards?
@@bartdoo5757He’s not answering you
And if you don’t use a credit or debit card for a $2 purchase……..you are weird . I am weird 🤣
My mother owed on a credit card, and because there was no estate, the debt went away. They even had a collector call me and cuss me out. I told him there were no assets that he could touch and to go away. That's why, if a person owes credit card debt, they need to get rid of all assets before they die.
I have seen him before on videos, and he is very good. He's hilarious but at the same time telling the truth.
But if you budget…and actually stick to it.. using cash or credit card shouldn’t matter. You already have the money set aside on what it should be used on.
That whole thing of spending more with credit is only when you aren’t budgeting so you have no idea how much you are spending to begin with.
My wife and I use credit cards to pay for everything that we’ve budgeted for each more and not a penny more. We never carry a balance because once, again we only spend what we have budgeted for that month…..we make $110 each month in cash back and we move that to our savings.
Exactly! We use our cc to pay for everything including bills. We use it responsibly and always pay off our card. We use our cash back to fund our Christmas account. I know not everyone uses cc’s responsibly but it’s a great tool for people that are disciplined.
I have ton of credit cards and I love it. $0 debt only spending part of my income based on my budget. Racking up points and going on free vacations. Believe it or not, it is not a scam if you know how to budget and control your spending habits.
I know a lot of people with only debit cards, going to church and saving best to their ability with nothing to show for it in their retirement funds. They have never left the state they live in.
Live your life the way it makes you happy people. It does not matter , nobody know how long you have. Just be conservative with your time and money. Don’t waste it.
I totally agree. I pay off my 2 credit cards every month and get 3% for every purchase. I even put some of my bills on them to get more reward money. It all depends on how you use them and how you spend your money. Use common sense and spend wisely.
The thing with cash that people who insist on only using cash (and not even debit cards) is that it sets you up on being a target for getting mugged, potentially or, more likely, being “accidentally” shorted by the cashier when being handed your change. I can’t tell you how many times a cashier would just count the bills at the till and then hand me a stack without counting it out, only for me to count it back and discover I was $1 or $2 short. Once a college bookstore cashier shorted me a whole $20 bill for a $200+ textbook. When I confronted her about it she just handed me the $20 she was going to short me. Mostly the shorts come in the form of coins but for that reason I almost never use cash. One less thing to worry about.
Those people that only use debit and don't save for retirement are definitely doing it wrong. You want to save for the future. As for credit cards. I had them for decades with no problem but the first baby step is to cut them up and close them if their paid off. I did that in 2017. Never looked back. I still get airline miles,free hotel stays, 2% to 4% cash back on purchases,cash back on gas. I actually get way more money back with my debit then I ever did with my credit cards.
@@msport4769 not a lot of people only use cash. Most use debit. Not even Rachel Cruz or Dave ramsey recommend only actual cash. It is very unsafe. It is great to use the cash envelope system but for only certain categories like groceries and fun money and not to carry all of them at once. Only the category your using that day
@@dreams2383 What debit card/bank do you use for the cash back?
It's easy for Rachel to talk about living without a fico score. She and her husband are very well off and built their house over time. Rachel, how about you take the challenge to rent an apartment in a decent neighborhood without a fico score or goid credit. I would love to see how that turns out.
George has. There’s a video of it. And renting a car. It is different but not impossible
Brilliant skit, and so very true.
It’s 100% true. Sarcastic but VERY true. The banks are in on it as well with their easy credit loans. Lucky for me I have lots of equity. My loans keep getting smaller while my equity keeps rising. Hopefully in 2 years I’ll be out of debt & living comfortably.
Thank you, Rachel
Tennessee Ernest Ford sang a song about the company credit card that you speak about, Rachel. It was called, "SIXTEEN TON" I believe. And one of the lines in the song says, "Old Saint Peter's going to have to wait...because I owe my soul to the. Company store. "
You're right Rachel.
I mean, I just got nearly $1k in Amazon gift cards from cashing in past years points. Paid in full every month…
Yep, if you are responsible with credit card usage they definitely pay off with the benefits offered, which of course is the lure and sales pitch cc companies use, but responsible users are ahead of the game.
SO TRUE, I showed this video to my teenage son 🙏
Love this video!!!! Thx you!!
This is the EXACT video I showed to my FPU coordinator and he loved it. I wonder if he forwarded it to you. Glad to see you reacting to it. You have got to show a clip of Dave Ramsey and the other personalities on the show react to it. I’d give ANYTHING to see that 😃
Rachel your hair color shade in this video is fascinating. I love the two colors.
New to your channel. True Facts..
Oh dear.. good reminder this one👏🙌🌼🌹🌻🏵🌺
The restaurant I work at has a discount for if you pay cash vs credit card, debit card or local check.
Dave Ramsey says :“ having
debt is a PENALTY”!!!!!!
Only a mortgage debt is ok.
I only use a credit card and I pay it off every month
I love Roger with Cracked! His skits are hilarious!
Ironically, both the credit card companies AND Ramsey Solutions seek irresponsible consumers as customers. FYI, people who desire independent transportation get a car and choose to drive responsibly, because irresponsible driving has negative consequences, and choosing to not own a car is somewhat limiting. Likewise with credit cards. If you want the conveniences that credit cards provide, then you must be responsible for paying on time and in full every month, or else suffer the negative consequences.
Agree. I gave just 1 cc to make certain reservations
I got rid of my credit cards in 2017. I rent cars,stay at hotels, get airline miles,get % cash back all without credit cards. All can be done with ought a credit card and I was a responsible credit card user before but when you decide to live debt free you find you don't need one anymore. It's just another bill at the end of the month or after the charge posts that I just don't need. I like having minimal amount of monthly bills to worry about. Also Dave doesn't only help the irresponsible. Many people that do the baby steps are great with money and have no debt but want to grow their wealth faster. To have peace with their finances.
@@dreams2383 I understand and agree with most of your comments. Except building wealth and living debt free are two different goals which require different strategies.
@@dreams2383 just curious how do you reserve a car rental, buy concert tickets, rent a hotel room, etc., without a credit card.
And must be far more to your post that you’re not sharing, seems like something is missing that someone who never paid interest would give up the perks of a credit card so they didn’t have to think about paying the bill.
Exactly
“Doesn’t that sound like it should be illegal” YESSSSS!!!!!
I been saying this over and over!!! Why is this not illegal?!
It’s true, the problem is, retailers already inflate their prices to make up for the middle man charges, so playing the credit card game and getting some of that back is the only way to get back some of it. The real chumps are the ones paying cash or debit and not getting something back. Now if retailer offered a discount for cash I’d be for it, but they don’t, those of you paying cash and debit are subsidizing those of us getting back rewards.
Many of my local restaurants give a discount for cash.
That’s great, credit cards give me 6% back on grocery, 3% off Costco, 5% off Amazon, 6% off streaming, 5% off gas and dining, 5% off utilities, phone and internet/cable, at least 2.25% on everything else. It’s just tough to beat, and this is all subsidized by everyone refusing to use credit cards, lol.
@@jw4172 What credit card are you using????
@CSD it’s a few that add up to a system for me. All paid off every month. It also acts as a 45 day interest free loan where that money gained 2% interest currently in my SoFi bank account. A few of my cards were set it and forget it for bills or the Amazon. Like Dave’s envelope system, every one of my cards has a specific task or 2, lol.
@Evan McCue there’s no interest over time, or at all. If you pay your credit card off it’s essentially a charge card, you only pay interest if you don’t pay off your balance, and after 27 years, I always have.
That blue really suits you Rachel!
I have witnessed it myself that if I use a CC then I do spend more. At least 15-20% more. I don’t know why and how. I use cash and debit card now and I can see the change in my budget. It’s fascinating.
That shows you're not financially responsible.
Thats because of YOU, not the card
Never blame the tool, blame the person using it
🤯 Congratulations!
You're a dipwad
@@johndone8045 It's like asking for casinos or online gambling to close because you can't resist. I hate gambling except for a twice a year scratch off but it's not fair to others. You don't demonize one thing if you can't be responsible. Now school loans for 18 year olds, I have issues with. They need a class in high school on them and budgeting. One semester, required course.
Your body can not physiologically tell the difference between a credit and a debit card.
Wow I really enjoyed this video kept me entertained the entire way through. 1:20 was a great part.
I've seen online where somebody from France(I think it was) said only your payment history on utilities, rent, etc determined your credit score, NOT diversity of credit and loan accounts and how much of them you have.
This video is hilarious. Funny, but true. Credit Cards ruin a person's life. I may not be rich but I feel truly blessed for having zero debt and no credit cards since 2018 thanks in large part to the 7 baby steps.
I’m also in bs 7 but I still use cards but I pay them off every month and reap
The rewards even tho it’s not much, thoughts?
@@jacobo9611 There will come a time when you forget or suddenly are unable to pay it off (job loss or otherwise). In addition to that, it's not just about if YOU can do that. By using a credit card, you are encouraging an industry that makes billions off the less fortunate. You are telling them that it's okay to do this as long as someone else foots the bill for it. You are basically taking money from other people's wallets on a gamble that you think you won't ever have money issues. The industry is 100% corrupt and is not trying to do you a favor by giving you cash back. They are using the masses to encourage companies to take and push credit card use despite its obviously evil designs. Stop taking advantage of others and shred the credit cards and don't use them again. Using them encourages more debt options to surface.
@@jacobo9611 I think that’s fine but for me, I try not to let my mind to view credit cards as a good thing because I’d probably use it more and that can lead to a slippery slope. So I still use my credit card too but I think I trained my mind to spend less when I do use a credit card.
@@frankalmanzar3492 a well trained mind over cards is good, I can see how it can make you pay for more. I figure gas, food are necessities so I just charge em
@@jacobo9611 True, I think using it on gas is smart. I do that. Sometimes, I kick myself for using my debit instead of credit by accident at the pump haha. With food, I spend less on my card. I mainly use my debit with food and groceries.
People who do not use credit cards just pay 2-5% more on everything than I do.
I don't know why people don't grasp that
No they don’t. You are not getting anything more just because you get cash back. You are actually spending more than the person who doesn’t use cc.
@@DisciplineOverMotivation-rj6tc you have any idea what consumer staples are?
This video is a 💎
Thats why i hate debt with a passion and trying to save money as hard as i can so i wont be ending up using credit cards in the future
it. is. horrible.
ugh.
I need to stop using my credit cards.
My parents were the WW2 generation, and I never remember them using any cards. They used either cash or checks to pay for everything. So I'm the first generation to use credit cards. I do use them but pay the balance in full each month so have never been caught in the credit card trap. The reason for me using credit cards is that they are safer from the scammers today. If you are defrauded on your credit card account, you can get refunded. I hope my sons use credit cards but not used by credit card banks.
People really think they are getting something with cash back. You have to spend more to get the cash back. It’s a vicious cycle and most people think that they are winning.
Great video. Yea, we really have to mindful not use debt in our lives. Rachel, I must complement you on your gorgeous hair.
done that do not want to do it any more thank you
I recently went to the bank and they were trying to scare me into getting a credit card because I needed it..... omg lol
I have 23 cards, pay what ever I use off by the due dates, never pay interest and rack up on rewards and cashback. I wouldn't recommend this for most people but it works for me. I enjoy traveling for free or virtually free and having hotel status.
But, 23 cards? I have one with a zero balance!
@@cherylT321 That's great. I just like to have all categories covered to maximize pts and cash back for both personal and business cards
@@SledgeIncTeam 😊
@@cherylT321 Adding cards is also a strategy to increase your credit limit, which lowers your utilization. This goes far to increasing your credit score.
I pay my cc off in full, way before i even get the statement. I have never been offered an increase on the line of credit- not that i need it or asked for it. Those increases must be targeted to those who carry a balance
Roger for president, Rachel for VP!
Nope not at all yes for sure
I would LOVE to see Dave react to this too.
I L❤❤❤VEEE this
I’m hoping I can get the 2nd job I applied for 2 weeks ago which would allow me to pay off my $8,600 in credit cards in 3-4 months. Then I’d start to save money for my next vehicle.
I totally disagree with this Video Rachel! They only take advantage of People who enable them too!
I have 15 of them!
0 outstanding.
I followed the cc companies' advice of pay in full.
Now I save for being disciplined.
I am on baby step 5 now!
Subbed.
Swipey Swiper, indeed, aren't they? These people have level 9999 humor! Really funny.
That was one funny video!
It’s just displicente and will power if don’t have. Then u should have cash unless it’s a emergency that I don’t have that cash on hand. Then use em fund and. Then refill back up.
OMG this is do funny how true it is!
If you actually believed in Ramsey's teachings on being financially responsible, then someone having a CC wouldn't be THAT big of a deal to Ramsey Solutions.
The reason I don't like debit cards over credit cards is that a debit card is a direct pipeline into your checking account, a credit card isn't. Counter that for me.
36 years old and I’ve never had a credit card!!
Yes Rachel😊💯⬆️ From now, a debit card would be enough 🌟
except when ur debit card gets compromised all YOUR cash in that account is gone til they fix it with a cc its THEIR problem
It depends on the person. I like credit cards as I can get 3-6% cash back on many things I use and pay for anyways. Plus many special officers like 15-40% cashback on special sales only with credit cards and won't work with cash or debit. Plus extended warranty like Costco credit card or Home Deport for an extra 1-2 years extra at no extra cost that can save you thousands if you appliance or TV breakdown. Also I can see weekly and monthly and yearly all my expenses and broken down into categories for me. Sometimes I have to fix an move things around as it isn't always accurate. If you use a debit card you get don't get these free warranty and longer return periods and price protection like many credit cards offer. Plus you are protected against unauthorized charges and not risk your debit card to be overdrawn and criminals cleaning your your bank account with your debit card. These credit card aren't elated to your bank account so you are safe from having your bank account drained. My credit card is set up so that any charges sends me an instant in-app alert or text on my phone so I can and do track my spending and can catch any unauthorized activity right away.
The people who worked in the marble quarries had to shop at a company store, too.
I DIDN'T ORDER THIS. I EXPECT A REFUND NOW. I CALLED THE POLICE TO O REPORT IT,!!!
Except that many of those big banks that we have debit cards for also own the credit card companies.
The Largest Credit Card Issuers
Chase: $743.5 billion.
American Express: $673.9 billion.
Citibank: $399.8 billion.
Capital One: $353.1 billion.
Bank of America: $339.4 billion.
Discover: $142.8 billion.
U.S. Bank: $136.8 billion.
Wells Fargo: $101.4 billion.
Rachel, I need you to indulge one day on the conspiracy theories!!! :)
Yes!!
These Cracked videos are comedies with a whole lot of sarcasm. They’re over the top to prove their point that a lot of things are not as big a deal as others make them out to be. If this video helps shake someone’s mindset to become more financially disciplined then that’s awesome.
So how do you buy a car with no money and a garbage credit score without having to deal with a subprime lender who is going to charge you a ton of interest. Oh right just save up and buy it with cash except you can't because it's impossible to save that kind of money. So what do you do?
Credits are very useful and practical and there is no stress if you pay them back within 3 weeks. I would not even pay 2% interest to those companies.
I love everything Ramsey, but I still have my cards. I haven't paid card interest in 15 years, can someone convince me to get rid of it? If I use my own logic, I can keep the cards forever.
Dave Ramsey likes credit cards😂😂😂😂😂😂😂😂
I just paid 15k off of cc debt and it feels so good... never going back to that again
I pay mine off in full 2-3 times a month and use it just to get the rewards points for cash back.
@6:45 ' who fault is it that most card holder don't read the fine print.
Sounds like the share cropping bondage system.
Lots of people get into credit card debt but there are a lot of people like me who are debt free and use them every day. I pay it off every two days as I use it. The benefit to using them is fraud protection and a second benefit to me is points accumulation. You don’t get either of these using cash or a debit card. I hate carrying cash. I’m probably not the audience for this but just wanted to share some balance. You also need a credit score to rent properties in the US.
Not true. It used to be true that if you use a debit card you don't have the same protection but that's not true anymore. I've read all the fine print when I had credit cards and my debit card. I have the same fraud protection. In fact when I did have a fraud charge the bank stopped it before it was even used and contacted me. I wasn't out of money, I didn't have to wait to get to my account etc. Also I still get airline miles,cash back, points, I rent cars,hotels all that. I get the airline miles right from the airline themselves with their app. My bank gives me 2% cash back on places I use my card, and the place I get gas at gives me 2%-4% depending if it's a gas or food purchase. I haven't had a credit card since 2017. Things have definitely changed over the last 5 years drastically.
@@dreams2383 In theory, the are same(ish). But in practice, with a debit card, you are at the mercy of the bank to do the right thing and make you whole. With a cc, if there is fraud, you are in control- you can withhold payment.
I shouldn't worry about what other people's education around money is. Opportunities to learn are out there, no one inherits bad money habits
What bugs me about credit are these agencies that have access to our sensitive information and get hacked all the time or enable people to pay to get it... Why!?
Why doesn't the balance owed get stolen too?! If there was a law that balances outstanding have to be 100% forgiven and treated as paid in full if there is any security breach my guess these security breaches would disappear fast. Banks have no skin in the game so why should they spend more for good security if their interests are always fine?
You do realize debit cards don't have the same level of consumer protection as credit cards
They hack debit even more. With that they have my money, when my CC was hacked, I didn't cry like my coworker. One call got me new card and no charges. Coworker had thousands taken out of debit checking and it took a month or so to get it back.
@@15KHPCLUB I would NEVER use debit at gas etc Too many people I know got hacked and it takes much longer to get money back. No money back with credit. If you can't control yourself, get a low limit card. I know someone who got 500, but banks are horrible with returning your money quickly
All valid points. I was more so talking about the credit reporting agencies getting hacked. Heard about it a few times ...
As a recovering credit card addict, you don’t put yourself back into the lions den. Just like alcoholics change friends, venues, recovering credit card addicts need to be as vigilant
I like his commercial about designer bags 🤣
It's a big pocket and a scam!
I have credit cards and I am not swimming in debt. My monthly bill is paid off in full each month, automatically.
Nothing wrong with credit card as long as paying it off every month
I understand how her dad thinks but I've known many who treat credit like cash but it's safer. They pay off card and every dollar spent is a dollar earned and I had enough to buy my husband a 100 gift at xmas. Sure if I paid interest it isn't good but if you don't, you might be minority but it works. My daughter had trip to UK paid and stayed with relatives. I'm supposed to tell her saving the 700 was better when she could keep that 700 in bank? Using it for gas for work (she travels far) helped that trip come.
You should watch their video on If students loans were honest...
I went to join Costco. The guy said I'll take your credit card. I handed him my Discover card. We don't take that. Okay, then I hand him my MC. Nope, we don't take that either. I said bye. I saved $60 by not having a Visa card.
The worst part is the cashless society bs.
Same here.... I always pay off my balance immediately, so I have never ever paid interest...I also don't buy anything I don't already have the money for... for me it's just a matter of convenience...I don't want to carry around money so the credit card works ..... . So sad that others buy stuff they can't afford with their credit cards...
I pay my balance in full every month for years. AMEX called and offered a 3.99% on purchases for a year because of my valued customer status. I answered 'you want to give me something you know I wouldn't use? If I am really a valued customer why don't you give me something useful instead, like a statement credit every month for that same year? '. They obviously laughed and that was the end of their pitch.
Same credit cards are great if used right
There will come a time when you forget or suddenly are unable to pay it off (job loss or otherwise). In addition to that, it's not just about if YOU can do that. By using a credit card, you are encouraging an industry that makes billions off the less fortunate. You are telling them that it's okay to do this as long as someone else foots the bill for it. You are basically taking money from other people's wallets on a gamble that you think you won't ever have money issues. The industry is 100% corrupt and is not trying to do you a favor by giving you cash back. They are using the masses to encourage companies to take and push credit card use despite its obviously evil designs. Stop taking advantage of others and shred the credit cards and don't use them again. Using them encourages more debt options to surface.
Are you sure no interest? It doesn't work like that here
@@Gio-nl7eg I remember in my youth, 60's neighbor asking me to get her mail to hide bills from husband, I remember all the "bad checks" people would write when I worked in the late 70's in a store. Behavior needs to be addressed, the check, cards, etc just made it easier. I articles many "debt free" fans now use cards, hopefully wisely. I feel when an employee's wife who used to work at Ramsey said she felt she had to hide her CC, it's a cult like thing, not wise or unwise.
Wouldn’t paying with a debit card have the same impact as credit in terms of spending more because you can’t see the cash leave your hand?
It leaves your ledger amount. Ouch.
I work in banking and rarely use my debit card. Its just not the same as credit cards.
Yes. Dave Ramsey and co are a bunch of clowns
@@rg-mi5hh Same with a credit card. Online real time balances. Debit cards have nothing on credit cards, and less fraud protection ( unless you want to float whatever amount is in question until they spend days or weeks figuring it out ).
@@stevenporter863 My coworker had 5000 taken out of her bank. Took so long to get it back, police reports, going to bank. Had to tell landlord. My am express was hacked twice in 20 years. One call, new card, no expenses. My debit was hacked from Walmart, noticed it luckily that night, only about 100, but it took the same reports, waiting a week or so for new card. Never will let that happen again if I can help it. You feel much more violated.
I don’t understand the interest point, we pay minimum payments and I’ve never been charged interest in my balance, can someone explain?
I trust whatever she says she is nice to look at as well!
Congratulations!! You Sir just received 100,000 SimpReward Points !! Redeemable at the bar inside your local Applebee's
You pay it off every month earn points.
Debit card doesn’t protect you like a credit card does I know . My bank would not refund the fraudulent amount.
I was a cash only
But you miss out on all the cash back or miles
In one year my cash back total was 12,000 dollars.
But, the credit cards are giving me 5% cash back when I use them to fill up my car, 6% cash back in the super market and much more. I have think to stop using them, but unafortunaty I feelike I am going to lose mlney 😢
Credit cards are like a double-edge knife 🔪 You really gotta know how to use it or it’ll use you. Personally I pay everything (or as much as I can) with my credit cards. I pay off everything bc I have a budget I like to stick too. Plus the benefits you can get from a credit card are like nothing else in the debit card/cash world.
1. Cash back/ reward points
2. If you get Rob you can get a reimbursement from your credit card company
3. Free upgrade at hotels or flight seats
4. Great way to build credit without the need to get into a tone of debt like a car loan or house
5. When you know to manage yourself and your credit cards it really makes your life easier .
I never leave my home with one ☝️
When I use a CC I'll carefully only use the amount I'm going to need. If you spend excessively, then there's something wrong with you.
I agree. I am very aware that I'm auto-paying my full owed amount and cannot spend on extras just necessities (like diapers...)