DEBIT vs CREDIT Card users: who is RICHER?💳💰 #shorts

[nicktalksmoney]

Debit vs Credit Card users: who is RICHER?💳💰

I was very surprised that I couldn’t find any hard data for how much more credit card users SPEND than debit card users, it appears that it’s pretty similar (though I’d assume slightly more for credit cards) because you get the same dissociative feeling of paying for something with a piece of plastic vs paying with cash.

Popular studies have shown the typical cash transaction is ~80% less than the typical card transaction, though this seems to me like it’s mostly for convenience’s sake - ain’t NOBODY trying to carry around $1, 000+ in cash.

What I’m trying to say here, and in the video, is that using a credit card is a NO-BRAINER as long as you use it responsibly.

The many benefits include, but aren’t limited to: credit score building, cash-back/travel rewards, built-in insurance, fraud protection, etc.

But keeping track of all the latest & best credit card offers can feel like a full-time job, which is why…


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-Nick

[killingflames]

Just remember 1 slip up on the credit card and you'll pay interest way more than the cash back you got

[wojtekpolska]

Imagine living in a country that rates your value as a human by assigning you credit score

[memesu]

If you get a credit card you need to use it wisely in the early run to keep your credit card score up and pay your expenses on time to avoid paying intrest

[paulkrug]

You know when you look at someone and you just hate them for it? That's how I feel about you.

[nicktalksmoney]

Do you use a credit card, debit card, or cash for the majority of your spending?👀

[Agent_Coulson]

The thing you forget to mention is that most people can't afford cards with those perks.

[TheDay_]

I don’t care about your advice, I just like seeing your characters

[Guy_Sa]

Some debit now offer rewards like current

[frostyflakes]

Man I hate how unrealistic these channels are and the 10 years thing too

[foxhounds]

Why are your eyes almost closed and you have a smile that screams “I hate my life”

[kipkipskie]

Credit cards are good but you need to be careful

[TheyAreTheEnemy]

Ye I’m gonna go do something dumb with my life just to win a bet

[eclipsetech]

Credit card is risky and very hypothetical, when you have a family of 5 you may benefit from always having money but it may be hard to pay on time, you'll do over limit damaging credit score.

[kierandean]

DANGEROUS ADVICE. Only replicate if you know what your doing

[andrewz]

You pay for the credit card rewards every time you make a purchase somewhere

[willoeters]

This only works if you can pay your payments on time

[NanoWealthGuy]

Personally I can care less about the rewards but the mortgage thing is a big deal.

[DAMitAlI]

Yeah I’ll get a new Croft card as soon as the US has a balanced budget and the debt is diminishing.

[GGGG]

I have no idea what they talked about yall sounded like my math teacher fo sure 😅