Credit Card VS Debit Card Secrets | Free World Travel


Because they are designed to keep you in
that chokehold where we’ll never ever able to get out hey guys how’s it going
my name is Paul with Sunset Realty and if this is your first time here and
would like to know how to keep more of your own money in your pocket please
subscribe so don’t miss any of my next videos okay today we’re talking about why I
stopped using my debit card and maybe why you should to so before we get
started let’s get something very clear credit card companies are not your
friend there are in the business of making money and profit that’s why they spend more on advertising than anyone else so now this
is out of the way so let’s get into it number one reason is protection let me
explain you see credit cards fall under the Fair Credit Billing Act which
means if someone would of get a hold of my credit card or my credit card numbers
and goes out on a shopping spree and spent thousands of dollars i’m only
liable for maximum fifty dollars for unauthorized use of my credit cards
that’s because credit cards fall under the Fair Credit Billing act versus a
debit card debit cards are regulated by the electronic fund transfers Act and with a
debit card if you don’t report it within the first two days you may
be liable for up to five hundred dollars and after 60 days you liable for the
whole thing in the mean time your money get held somewhere you don’t have
access to it a number two reason have you ever rented a car or go into a hotel
somewhere using a debit card the rental company will put between five and
fifteen hundred dollars hold on your account just in case if something happened to the car versus a credit card we don’t have to worry about it and most
credit cards even covered physical damage or debit cards brings zero
protections number three is building credit you cannot build credit with your
debit card a debit card is your is the money you already have stored somewhere in the bank that you’re using using what credit card will help you building your
credit or improve your credit number four is cashback and rewards
actually recorded this video down in Mexico but because half of that trip was
paid for by credit card awards but the background noise was way too much so I
decided not to publish it so up I’m recording it over and watch until the
end guys I’ll tell you the top five credit cards with the best offers right
now okay let’s talk about cashback and rewards and then again guys this comes with a big big warning sign guys the only way
this works is if you pay them in full at the end of each billing cycle if you
cannot afford to pay them in full at the end of each billing cycle keep on using
your debit card until you can afford to do so because it’s not worth it
they’re designed to keep you in debt as promised here are the top five credit
cards with the best office right now now this may very well change soon but at
the time of this recording August 2019 here they are the first one is the
capital one Quicksilver cash reward what what we like about this card is the 0% APR for the first 15 months and 150 dollars cash when you spend five hundred dollars
within the first 90 days and of course zero annual fee and one and a half
percent cash back on every purchase next is the city double cash card at the
time of this recording the city double cash has no sign-on bonus but you get a
zero APR for the next 18 months 2% cash back on every purchase with no limit and
no annual fee and the 0% APR for 18 months applies on balance transfers also
but it has to be done within the first four months of opening this account and
third is the chase freedom cards what you like about this card is also zero
APR for the first 15 months 150 dollar signing bonus when you spend $500 within the first 90 days you can earn up to 5% cash back up to $1,500 each quarter and
bonus categories fourth is the discover it card this card offers on 0% APR for
the first 14 months at the time of this recording has zero sign-on bonus you can
earn up to 5% cash back and you can also redeem your rewards at amazon.com so
number five is the Bank of America cash rewards credit card this card has
a zero APR for the first 12 months in a $200 cash reward when you spend $1,000
in the first 90 days zero annual fee and you can earn and you can earn up to
three percent cash back on gasoline shopping dining traveling improvement
stores or 2 percent on groceries these are some of the cards with no annual
fees so there’s a lot more cards out there guys remember guys credit card
companies are not your friends they are designed to keep you with a chokehold
around your neck that’s why if you cannot afford to pay them in full at the
end of each billing cycle you should never never use them keep on using your
debit card until you can afford to do so that’s their business model to keep you in
debt and indefinitely please let us know if you’d like to see more of these type of
videos and again guys as always thumbs up will really help us out
thank you for watching I’m hoping you’re having a beautiful summer with your
family please don’t forget to subscribe so you don’t miss any of our next videos
Peace!

2 thoughts on “Credit Card VS Debit Card Secrets | Free World Travel

Leave a Reply

Your email address will not be published. Required fields are marked *