5 MASSIVE Changes Coming to Credit Cards in 2025

[@will1122]

Higher standards, lower limits is actually protecting consumers from themselves. Let’s not pretend credit cards don’t have negative consequences when used improperly, many Americans financial situation is terrible because their misuse of credit cards.

[@JackRalp96]

I Agree, This is only a good thing for the consumers.

[@sunlight4169]

I cannot stand Capital One. I hope there is no merger.

[@pinakmiku4999]

Same. Hope the deal is blocked

[@Adiscretefirm]

Why? You don't have to do business with them now or later whether they merge with Discover or not. Who do you hope buys Discover?

[@sunlight4169]

@@Adiscretefirm My Discover card is my oldest card and I like Discover just the way it is. I do not want it to merge with Capital One. Capital One has bucketed me for some reason. I have Chase, AX, BOA, NFCU, TDBank, WF cards. Never been "bucketed" by them and have very good experiences will all of those banks. But Capital One is known to bucket customers. Never had a default or any issues on my credit history nor public records. Whatever Capital One is doing to me, it makes no sense to me and I want Discover to stay away from Capital One as it has a quirky reputation for unfairly bucketing customers. Once you're in that bucket, by every indication and by customer reviews, you can never climb out.

[@sunlight4169]

​ @Adiscretefirm I replied directly to your question but my answer was deleted. Hmmn, I guess someone didn't like my "bucketing" answer. And considering that Discover is my oldest card, then yes I do have to "do business with them" if they merge.

[@Adiscretefirm]

@sunlight4169 holding a free card you buy a coffee with once a year is hardly doing business and how much older is it than your second? If you're new to the game there isn't much difference between 3 and 4 years, if you have been around 13 and 16 isn't going to kill your scores

[@majesticw7668]

Terrible companies like Synchrony will make you get yourself together and be more intentional and particular about your specific credit card choices real fast.

[@TheWhiteMamba3000]

If you are struggling getting approved, it may be a good idea to try collateral backed credit cards. Also, the interest rate doesn’t matter because it is always zero percent if paid on time.

[@mikebarnes2294]

I have BOTH Capital One AND Discover cards (along with a card from Chase that directly competes with Discover) so the way the merger plays out will affect my credit card portfolio going into 2025.

[@CinnamonSpeaks]

same i also have discover & cap1

[@daveb2280]

Same with me but I haven't used those cards in years.

[@TigaWould]

Just stumbled onto this video, enjoyed it, now subscribed. The information that is out there is awesome. I am glad you are sharing it and people are listening. it's time we consumers started understanding more and taking our power back.

[@triplemasterpiece5765]

If you have sub prime credit educate yourself on how to fix your credit and make a game plan. Your life will become a lot better once you do

[@Adiscretefirm]

Capital 1 and Discover are the 4th and 6th biggest credit card issuers, but only the 9th and 27th biggest banks. I don't think they are going to have trouble getting approved for the merger and they will be barely larger than Chase in cards alone, this is nowhere near a monopoly

[@xdarkwing104x]

Remember, for every chime and klarna, there's a Yotta and Ugami. New Fintech companies are a GAMBLE. Just ask anyone that's banked with yotta since 2020. Be VERY careful where u put your money, and what cards u get.

[@floreniabarton]

The consumer can’t catch a break! 😢

[@calbarton]

Exactly 💯

[@bionichustla100]

Tariffs. War. Border. A break is about to be an unknown thing

[@JustMe-le3lm]

The consumer will never get a break. Banks always win.

[@bionichustla100]

@ not if they don’t have any money. OUR MONEY 🙄

[@WealthyChronicle]

I've been rejected for a credit card recently, and now I know why! Those tighter standards are no joke. 😔

[@aj-us5qp]

What are consumer protections, pros and cons of using fintech credit cards⁉️

[@WomanofGod990]

I can’t stand how these credit card companies lure people in too start rejecting them. I started closing my cards after I paid them off.

[@davidbrooks8809]

Clothing your cards messes up your credit history

[@daveb2280]

@@davidbrooks8809 Exactly! Unused credit cards help your debt to income ratio (which actually increases your scores) and also helps establish your credit history.

[@mrhappy4521]

Great video. Thanks

[@DrunkenHomemaker]

Love your videos. The sound effects are a bit too redundant and distracting. Other than that the production value is fantastic. 💜

[@calbarton]

Ok, I'll make sure they're lowered or off for future uploads. Thank you!

[@DrunkenHomemaker]

@calbarton thank you for you're amazing content! 💜

[@WhooHooooooo]

@@calbartonJust recently found your channel. Excellent informative content however I find the constant zooming in and out and flashing that occurs between scenes very distracting. Makes it hard to watch. It will be an interesting year for sure.

[@calbarton]

Ok noted ✅️. Thanks for the feedback.

[@kingmae3808]

​@@calbarton Is the GM rewards card being sold to another company if should I get rid of this card.

[@KishTalksCredit]

Yes, change is coming!

[@anonymous05067]

Why do you worry about interest rate if you pay them off on time? The reason for stricter requirements to get a credit cards because people are drowning in credit card debts and has no way to them off.

[@WhatIThink45]

Some people are using credit cards to deal with higher costs but their income has remain stagnant. Other people simply buy stuff they don't need.

[@anonymous05067]

@ the thing about credit card is that they don’t see the money coming out. They don’t feel anything, so they just spend and spend. Once the bill comes, it is too late.

[@WhatIThink45]

@ , yep, they don’t have a way of keeping track of covering their cc spending. I use YNAB for my budgeting. It’s $115 per year, but it helps me keep track of all my spending and I can always cover my credit card charges because I don’t charge what I can’t pay for.

[@carie1093]

I see no evidence that consumers are being protected from these corporate consolidations. They don't want competition and could care less about the consumer. They just want your money.

[@oversoul3482]

A lower credit line will make your score dip monthly when you use the card. Win for banks. They use lower scores as a reason to charge us more interest. Criminals.

[@mrhappy4521]

Got capital one? Make one minimum payment and then they max your interest rate!

[@Joshualibbyy]

Im a huge hater of the capital one discover merger. Cause if u burned discover then u also by default are not gonna be eligible for capital one cards. So if u are trying to rebuild Goodluck cause those will be off the market for a decade or a lifetime

[@andres.rivera.1821]

I have both capital 1 and discover credit cards. I wonder how this merger will look

[@elchicovip01]

Capital One just want to cut cost and have less competition.

[@edward5pointoh]

I got no debt other than my mortgage. 750 Experian, 790 TU and Eq. No damn bank wanks to drive me a credit card for the bonuses

[@davidbrooks8809]

Personally I like Capital One I'm not going to blame society for my misgivings😅😅

[@Keyon_Wilson]

Been with capital one for 10 years now and they've been good to me as well. At the end of the day, we all have different experiences 🤷‍♂️

[@LibertyYork-728]

I love 💕 Capital one also they gave me a chance and I’m forever grateful 😊

[@AnalyticalMenace]

Same, fam. Same.

[@1bridge11]

If the FTC blocks the CapitalOne/Discover merger, they can sue the government, and have the courts allow the merger to go through. The courts will have the final say, not the FTC.

[@bionichustla100]

So Goldman is mad they couldn’t be predators on us ? Gtfoh

[@Kish-wm8tu]

Yep that was exactly it. Apple was getting all the benefits.

[@bionichustla100]

@ but the Apple Card account helps you. Why was that a problem?

[@musictab7376]

ummmmmmmmm, cap1 and discover already merged. think it was over a year ago. that whole segment is not even on point for dates much less touching on the 'having to learn a new interface'

[@Mehwhatevr]

I don’t care about rewards. I don’t spend enough money. I use the Apple Card for its simplicity and lack of fees . Hope that doesn’t change

[@Retrocidal]

35.99% interest rate thay can keep there cards

[@javontedonuts1034]

It is I applied for ihg card got denied 3 times

[@jeffreysirkin7120]

Interest rates are not record highs that is a lie.

[@jeffdo9195]

Yes they are

[@jeffreysirkin7120]

@ LOL no they aren’t do you know what interest rates were in the late 70s and early 80s?

[@antilogism]

I was just looking and my credit card is not very far from the 1980's. My MC statement shows 18.49%. From a Jan 1983 NY Times article "Two years ago, the standard financing rate on most credit cards was 18 percent. Since then, annual charges on Mastercard and Visa accounts offered by most major banks have risen to 19.8 percent".

[@joe241able]

I cant stand paypal cc they were scewing me over

[@ANGELCRYPT0]

Stack your Sats and XRP

[@jjeanedoe]

Trump said he wants credit card interest capped at 10% 🤡 hope he keeps his promises

[@chrislemaster2695]

I bet Apple will go with Capital One or AMEX.

[@victic2277]

I would much rather, it's borrowing money and get a twenty-four percent risk free returns on my money

[@davidbrooks8809]

Oh so we're going by your predictions okay😮😅

[@jeffdo9195]

There loosing because they jacked up interest rates during an inflation crazy

[@bilalhakeem8988]

Hi how long do think this will last?

[@reggier2343]

I don’t chime and current will be as big as you say.

[@cbiii]

Both companies are Trash 🗑️😂

[@victic2277]

Great news. People who can't control the spending should not get a credit card. Not given them, credit card is the best thing to do.

[@JiveBoogie]

Bad news, cost have risen faster than wages... Some people go into credit card debt just to survive... But i guess you don't care unless it happens to you, and that says enough about you...

[@victic2277]

@@JiveBoogie gotta be responsible. Always have to have an emergency fund.

[@antilogism]

@@JiveBoogie Most people only know high wage earners with large credit card debt. Being below povery level while also carrying a balance would be brutal.

[@JiveBoogie]

@antilogism yup...

[@JiveBoogie]

@victic2277 Yes, i agree that if you have left over money, you should be saving it! But not everyone has left over money, which means they either can't save, or worse, they have to use credit to survive. If we worked half as hard identifying the problem as we do ignoring it, it wouldn't cost people their lives...

[@AdApT3Rx]

Nooooooo

[@-3as504]

All of it should just be illegal. Screwing people getting over on customers yada yada yada

[@cbiii]

CHIME & Current are Trash 🗑️😂

[@Solomon_messenger]

It is 2025

[@NTWITHOUT-RECOURSE-d5i]

Your all missing the big picture they aint lending shit!!!! Credit is unconstitutional who gives them the right to issue quasi currency? Fintechs are unregulated thats why they created fintech to avoid laws because there R no regulations for fintech, fintechs are for low income its by design its not a good thing

[@antilogism]

They're renting you cash. Those little fungible tools that come in handy sometimes. By logical extension, outlaw all rental tools so I have to buy all my equipment? I'll pass.

[@NTWITHOUT-RECOURSE-d5i]

@antilogism I wouldn't even call it that they are issuing worthless securities because they never had any intention of ever redeeming it..