Yo dude huge fan of your channel already I just found it the other day and I appreciate an different point of view on personal finance with no credit cards, as for ME tho I’m 24 years old and I have over 20 credit cards and I open more for sign up bonuses I open brokerage accounts and savings accounts for the same reason 👌🏾
This seems really good, the one thing I wonder is how much of a fee do they charge the lender to make the cashback viable. Surely it's not the full 5% right.. but idk
I believe that they charge the vendor the same regardless of who the vendor is. However, I bet you anything they use this as a way to get people to sign up for their credit cards etc. More like a lead magnet but who knows.
@@CalebBaleFinance I kept trying fanatically to apply for the 5% debit card, but inside my PayPal account page, all it would allow me to apply for was the 1% Business Card. Yes, I use PayPal as my card merchant for a micro-business I run on the weekends. Is this why it won't allow me to apply for that 5% card?
@erwin643 Really? That's very weird. I have the business debit card too but it shouldn't give you issues getting the personal debit card. I might just reach out to them and see if they can help
Yo dude huge fan of your channel already I just found it the other day and I appreciate an different point of view on personal finance with no credit cards, as for ME tho I’m 24 years old and I have over 20 credit cards and I open more for sign up bonuses I open brokerage accounts and savings accounts for the same reason 👌🏾
Thank you sir! I appreciate the support. Dang that is a lot of credit cards lol.
Same as you, groceries is usually my biggest spending category. I also selected gas first so now I have to wait until October to try groceries 😂
Ah, we did the same thing lol. I'll probably use gas in October then switch over to groceries for most months after that.
This seems really good, the one thing I wonder is how much of a fee do they charge the lender to make the cashback viable. Surely it's not the full 5% right.. but idk
I believe that they charge the vendor the same regardless of who the vendor is. However, I bet you anything they use this as a way to get people to sign up for their credit cards etc. More like a lead magnet but who knows.
Are there any fees involved in utilizing this 5% cash back?
No monthly fees at least!
This is U.S. only, correct ?
I believe it is. Sorry!
@@CalebBaleFinance Yeah, seems to be.
can you make ATM withdrawals?
This is a bait and switch. Just applied and got it, then canceled it in one sitting. All it talked about was 1% unlimited. 2-5% with certain brands.
What? I didn't talk about 1% unlimited at all. The point of the video is now you can get 5% on a category.
@@CalebBaleFinance I kept trying fanatically to apply for the 5% debit card, but inside my PayPal account page, all it would allow me to apply for was the 1% Business Card.
Yes, I use PayPal as my card merchant for a micro-business I run on the weekends. Is this why it won't allow me to apply for that 5% card?
@erwin643 Really? That's very weird. I have the business debit card too but it shouldn't give you issues getting the personal debit card. I might just reach out to them and see if they can help
@@CalebBaleFinance Thanks!
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