Credit Vs Debit Card 🥊

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None of this is meant to be construed as investment advice, it's for entertainment purposes only. Links above include affiliate commission or referrals. I'm part of an affiliate network and I receive compensation from partnering websites. The video is accurate as of the posting date but may not be accurate in the future.

[@Beathumble]

In short, use credit cards, but be responsible with them! Pretend that you’re using it as if it was a debit card.

[@Beathumble]

Great vid btw!

[@pedrobrandes8097]

yes, and don't be fooled by the card limit because using it too much can hurt the score too

[@faisfaizal5194]

What if you only spend a small amount every month? Eg. living with your parents so no rent and food expenses, seldomly buy items online/in stores, etc..

[@joevincent1987]

@@faisfaizal5194 even better, banks love that you use only a small % of ur limit

[@veliki_sef.9034]

What if I'm from any other country on this planet and credit score doesn't exist here?

[@gogocohen6287]

Debit cards, with the right bank, have amazing fraud protection. My mom had 5k stolen, and the bank immediately disabled the card, notified her and paid her the money back.

[@FleetOnw]

What bank

[@bd7326]

How do they know someone else is using it

[@goldendodo.]

@@bd7326 just like a credit card you make purchases in bulk all a sudden or you make purchases you would usually never make

[@roxymigurdia1]

What bank

[@kgaming7599]

That's pretty cool! What bank was it?

[@maybeharold]

If you cant buy it with a debit card, you shouldn't buy it with a credit card.

[@dediii]

Usually all debit cards come with the same protection as a credit one i.e unauthorized transactions

[@Gstunfisk]

Not really, and having your bank exposed for fraud (and frozen as well) is a no brainer. Use CC, not debit. Unless you are one of those uneducated ramsey people.

[@julianmarshall2127]

It's true..both my debit cards come with fraud protection..

[@notreal6032]

Debit cards also come with fraud protection if you select the credit option and decline to input your PIN. It amazes me that so many finance creators get this wrong. I use credit cards, but people need to stop getting this wrong.

[@divotiontogod]

Why do you use credit card! 💀

[@puppieslovies]

If somebody steals your debit card and takes from your account, you have less protection from the bank especially if you wait a month or more

[@aryan201]

@@puppieslovies why would you wait a month if your debit card was stolen?

[@puppieslovies]

@@aryan201 I mean the number more than the card itself Other than that, it's not that uncommon to misplace a card and not know if it's missing, unless it's your only card

[@ohongho]

@@puppieslovies or just call the bank that you lost your debit card

[@theblackrainbow]

As a teen myself, I will say this again and again: teenagers and kids should only have debit.

[@chrissyoons]

uhh, from what i know, at least in the United States, you aren't allowed to have one in most places till your 18? You can't build credit till 18 years old from my knowledge. Could just be where I'm from and have been though.

[@theblackrainbow]

@@chrissyoons yeah that makes sense. But if a certain country allows kids to have credit cards I'm concerned 😟

[@Zack_Wester]

@@theblackrainbow need to look up but in most case its a there is a X (like 100-200 usd) credit limit. usually applied to the debit card. that you can activate for emergency. like I can go negative buying train tickets but I can´t go negative buying a chair at the furniture store.

[@saragemmer9553]

As a teenager, I agree as well. Even though I have both a credit and a debit card.

[@TopCruisers-hj6eq]

yea im 13 have cash app card i wish i had credit though

[@anime_editor3383]

I still got 30 thousand dollars in credit card debt! -Petet Griffin

[@tokonibia]

Great reference

[@uzzie88]

Nope. I've had money stolen out of my account. My bank refunded me.

[@ForrestKelley]

And most banks will. It's amazing that people get this wrong.

[@meow2841]

personally i would prefer my money doesnt get stolen at all but thats just me

[@jacobg8640]

But you don't have access to your money until that is resolved. So if it happens right before a bill is due, good luck.

[@uzzie88]

@@jacobg8640- not necessarily. If your bills are on direct debit, you're fine. And I can withdraw cash by requesting a one off code in the app for cash machines. Easy.

[@methane5211]

It's way simple to say :"If you're responsible, use a credit card, if you're not, use a debit card."

[@PS3pwns]

everyone keeps saying only credit cards let you reverse transactions but I’ve had my debit card stolen many times and always got the charges reversed 🤷‍♂️, some banks are just better than others.

[@peterpham6288]

I would trust a credit card more, because its not your money.

[@ericsmith1122]

V stock Ethereum classic crypto,

[@stickysquad9914]

I think you gotta take better care of your damn cards

[@mateuszzimon8216]

@@stickysquad9914 If u get card use service like Curve to combine it into one card and then just carry one

[@williamvincent3352]

In my country, everybank even american banks won't let u reverse any transaction even the fraud one on debit or credit account. It's all customer fault and we have to pay for it.

[@oscar18777]

The BORROWER is ALWAYS a SLAVE to the LENDER. Credit cards are stupid. Debt is dumb. CASH is KING!

[@KittyKat-vb1nd]

This appears to be understood by everyone but the US. They actually defend having debt. You can't make it up. No wonder they're all drowning so much in it.

[@Thomastheheel]

Where are all the cons to a credit card and the pros to a debit card?

[@puppieslovies]

He did give the cons of credit. You rack up debt if you don't pay. Otherwise, there aren't many downsides to speak of Debit similarly doesn't have that many advantages other than what it shows at face value. It's more similar to paying in cash and that's about it

[@williamvincent3352]

Actually credit card give u more perks than debit, such as 0% instalment, discount, point, miles as long as u make full payment on time.

[@glupshitto5019]

never underestimate how debilitating missing credit card payments can be tho, literally financial ruin that you may never be able to get out from under. altho building credit can be good.

[@blackout7936]

Pay off the debt with the credit card infinite money glitch

[@thatonefoxxy]

Where i live, credit cards really aren't a thing. Giro Cards and Debit cards are common, and credit cards are rare to the point some stores or local online shops don't accept them!

[@KittyKat-vb1nd]

Its an American problem. They literally would not be able to durvive without thrm

[@thatonefoxxy]

@@KittyKat-vb1nd bruhhg

[@thatonefoxxy]

@@KittyKat-vb1nd also a few years ago a decently sized grocery chain (usually as big as Walmart if not bigger sometimes) shut down credit cards as a test to most stores and nobody cared so mcdonalds also followed with not accepting CC in some cities

[@jakecortez4795]

@@KittyKat-vb1ndnever knew Canada was part of the us.?

[@60sbabydoll777]

same. no one uses credit cards in my country

[@henryviiitudor7023]

I can reverse any charge with a debit card too

[@beniamino939]

👍

[@schrodingerscat2133]

Welcome to fact or c-

[@henryviiitudor7023]

@@schrodingerscat2133 fact

[@mateuszzimon8216]

Just contact bank and get charge back if u don't authorized transaction

[@Nim...]

​@@schrodingerscat2133 fact

[@spacetechempire510]

If I’m correct the feds protect a certain amount of money in your private account

[@divotiontogod]

Feds are those azzez that will seep in though their sperm too in the flow of sperms 💀😂😂😂

[@Chara_the_god]

I can dispute any transaction via debit card too though? I've had to do it a few times for scams.

[@gregstreams4308]

I would not use credit cards because I'm irresponsible

[@beniamino939]

Use a credit to buy and a debit card to pay it back the moment a credit card is used.

[@omah979]

I use my credit card like my debit card.

[@metalvideos1961]

I can do reverse transactions as well with my debit card. I am Dutch. Europe doesn't use credit cards much

[@zento1501]

I am french i never saw someone with a credit card in my entire life

[@Lamtipul]

Thank you for explaining these, it took me months and i still can't tell the differences!

[@Roll3er]

30000 dollars in credit card debt

[@gxzg5188]

When they call i say i cant pay it back yet

[@luisafonso8702]

@@gxzg5188 tommorow i may buy myself a dining room set, or this boba fett

[@Andre-me2oq]

@@luisafonso8702 credit card debt, credit card debt

[@Duck__]

@@Andre-me2oq credit card debt -family guy: season 12 episode 7

[@Perfect_Pizza]

Plus, you can rack up points to use

[@RiceWithBread]

Me: *why not both?*

[@raiden3013]

because there is no benefits to debit cards. they are absolutely worthless. use a good rewards card with tons of fraud/liability protection that is literally paying you while you spend money. some even have referral programs. made 500$ in the last few months referring people to good credit cards that i personally use for the awesome benefits.

[@tseriesbad6746]

@@raiden3013 in exchange for data

[@President_jack]

@@raiden3013how old r u? Your acting like a kid rn

[@raiden3013]

with a clown response like that from you, older than you. i hope you grow up some day. @@President_jack

[@lotadot]

​@@raiden3013 all of what you've just said is a myth, infact debit cards in Oceania while they don't have certain benefits in person, we do get discount deals in app but you have to start them and their free.. you can cancel any and all transactions and set a pin spending limit, you can also cancel a card and get mailed a new one in 2-4 days. I'm about to be student debt free at 19 years old never buy into the scam that is a credit card its just not worth it.

[@ddz_7628]

I think some clarification that needs to be made is most debit cards *do* provide fraud protection, however it generally has a limit of how much the bank will cover while as normally banks we cover any amount of purchases with a credit card.

[@TrueWealthFinancial]

Well said! 🙌

[@TR4_Designs]

Debit cards are good for saving accounts but yea a credit card is better for normal use.

[@vinnykitty1983]

FINALLY, THE LENGTH LINES MATCH

[@Vedamoss]

Countries who don't have both of these: *interesting*

[@caliburpictures]

Here in Germany we mostly use debit cards if we not pay with Cash😂

[@TrynaGamesOffical]

Ofc the Germans are better with this stuff. Americans have been lied to by credit company

[@jakecortez4795]

How do German banks judge who gets loans then?

[@SupertCZ]

@@jakecortez4795Not in Germany, but in Czechia (smaller counter on the east of Germany) has something called BRKI (Bank Register of Client information) and NRKI (Non-Bank of Client information) and there is any loan, late payment or debt active in the last 5 years (i think). When asking for loan, you have to fill in a form with all information about your education, financial situation, housing.., and after that the bank looks into those said registers and calculates whether or not to borrow you money and at what interest. Credit cards can actually hurt you if you ask for morgage, since they are taken as a loan. That means if you have CC with 500$ limit, the bank looks at you as if you were 500$ in debt permanently. Some banks take CCs more seriously and some less.

[@Rey-ju8ic]

It's the same in New Zealand, most people use a debit card for day to day transactions and purchases.

[@abhijeet7956]

I like the fact that credit card builds up the credit to get loans and it leads to debt if not used properly then why the other one is called debt card maybe to confuse people like debt means bad and credit means good subconsciously just a guess

[@Mehbymeh]

A debit card if you can’t control your emotions and if you’re really strong mentally then get a credit card.

[@travis8229]

The most I ever had on a card was 3-5k, if they raise it, cause you can't pay the payments, you can always lower what you owe through debt help or poverty relief.

[@silviofelix1991]

He said it all. Use it if you have money 🤪🙄😔

[@blueberryblueberry9237]

Can you get a debit card for kids to teach teens finances though?

[@Dr.Ticklebum69]

Greenlight

[@monkeydluffy8461]

Everyone else:talking about cards Me:wtf was that noise after he asked the first question?

[@Geniusazanbrain]

Ppl be screenshotting this mans cards

[@deborapivodova5618]

You don't need a score if you're buying the house with cash

[@daredevil2_074]

No one’s buying a house with cash these days look at the market. People pay loans to live in appartments

[@ltdgamer7705]

credit card can do uno reverse 😂

[@user-yt6ht5lv5q]

Generally, I think a debit card is better because of interest rates

[@amber9010]

The Quality Is So Amazing I’d Love To See A Video Of Your SetUp And Also Thx 4 The Tips

[@PainForYou]

Me: Why have one, if I can have both?

[@TheStopwatchGod]

Sadly I live in the Netherlands where almost no places accept credit cards. Not even many online stores accept them, just iDEAL, which uses your Dutch bank account to make a purchase

[@shubham4845]

Good for you

[@MrJudgi]

This is really different depending on the country you live in

[@broodjenoodles]

Yeah in my country does like nobody use a credit card, only debit

[@julianmarshall2127]

​@@broodjenoodlesliterally all banks where im from gives you a debit card when you open an account,whether its a visa or mastercard

[@coronuh9456]

ay ay captain

[@helikopter6857]

Nah bro u got to use ur credit card for the cashbacks, credit score and all, and then pay the credit card debt with ur debit card 🤣

[@steve_robbins7056]

He is sales man of credit card.

[@karanveersinghaulakh2827]

I would make sure I have the funds to pay it off or atleast close to the funds needed and have left over cash

[@kian-ganji]

What a pitty that credit card isn't a thing here.

[@cristian8855]

I have a debit card but I can always lock it with the app to prevent purchases that aren’t mine for happening

[@watermeloncat_]

Also using a card from an airline can give you free miles when making a purchase

[@theperson6167]

There both equally as useful why is their a debate

[@proninja9191]

Thanks!

[@taslimakhatun4831]

I love this mans videos

[@nova8669]

Not to mention bonuses like cashback on a credit card

[@Mostafa1882.]

In Egypt we have the both in one card

[@saulgoodman5533]

Wow bro such a cool blue card, can I see the back too Lmao

[@Mr_NB628]

The biggest pro towards credit card is that companies that sell your products increase their prices 2 to 3% to account for credit card fees. If you were using a debit card you’re paying 2 to 3% more per item than somebody using a credit card.

[@Veemon657]

You ever hear that song on family guy about credit card debt? That's me. Not 30k but bad enough that if someone asks about my score I change the subject

[@hrp2007]

I treat one of my main credit cards like a debit card, I pay it off each Friday in full instead of monthly. Always worked for us. Put everything on it for that week.

[@landonjacobs830]

The funny thing is when your using credit cards or debit cards you spend way to much because you don't use cash if you used cash you wouldn't spend as much.

[@Gotamidochine-mori]

Nah bruh we gonna go in debt 😂😂😂

[@Darkstar327]

Never am i using a credit card

[@jessiemoore3094]

Guy got a cheap suit from salvation army and thinks he's a finance prodigy.

[@Jus5402]

Just remember that when you pay with a credit card, the credit company takes 3% of that transaction as a fee. That's why some businesses will charge that fee to the consumer as a surcharge.

There are also debit cards that are balance based and will decline transactions if there isn‘t enough balance. Especially if you have a AmEx, having a MasterCard debit can be good if AmEx isn‘t accepted at some place.

[@thebillion_preneurs7076]

Credit card but be responsible with it

[@markrowland1366]

Some banks will automatically pay that required minimum monthly debit from the same credit card. Try ING.

[@BallanOff]

I'm so fucking glad I live in a country where credit card aren't even ALLOWED

[@KittyKat-vb1nd]

Americans are so obsessed with credit cards and most survive on them. It's insane to the rest of us who knows debt is debt no matter how you excuse it. Also where I grew up if you can't afford something you do not buy it. Let alone use it for basics such as groceries. Little wonder Americans are in such personal debt.

[@jakecortez4795]

@@KittyKat-vb1ndokay and?

[@julianmarshall2127]

​@@KittyKat-vb1ndits so true.they really are obsessed and i think the banks use these,"perks" just to get people in debt.

[@Mylca]

Yeah, let's settle the *debit*

[@bluewhale2846]

They both have their uses

[@thepsplayer6039]

I think credit card comes wit a con of having to spend a big amount at once. You can keep track of how much you spend in each place and how much you spend a month but otherwise you don't really know how much you have in your account, because you have to pay your credit card bill.

[@lunakitty953]

I have a credit card that has only my wage on it.

[@ZE308AC]

Money is king 🤴

[@GAguns]

Caption this I take out all my money from the bank and have it in my coupboard in cash

[@indraneel5123]

Debit card with small amount

[@brightax7502]

Just use the credit card kinda like a safety card or something

[@Lidoe]

Debit cards just feel more rewarding to use because it’s not money borrowed from a bank you’ll have to pay back after use, i’d rather use credit as a last resort I don’t care about benefits if i’m gonna lose money at the same time. Get out and STAY OUT of debt

[@markthegamer5304]

I like as long as you don't have a country with actual credit cards you do not ever need them seeing as credit is not a thing, a big background check and downpayment is

[@Jackred94]

Debit Cards come with Fraud Protection too.

[@julianmarshall2127]

I don't know why some people are saying they don't.

[@Mysticbladegod]

Cash is best, followed by debit card.

[@matthewoneal9657]

Use Debit on smaller purchases, credit on bigger.

[@TheGamingCanadian]

Me who isn’t old enough for a credit card: *Cries*

[@Tacomies446]

Theres always debit with the right bank

[@TheGamingCanadian]

@@Tacomies446 I know. All banks have debit.

[@Jude0818]

Are you older than 14

[@ninjashuriken]

and you have access to a debit card?

[@Jude0818]

@@ninjashuriken i have one and im 14

[@uzumakinaruto3995]

Hey Tqs man

[@BenchFox_]

I mean its almost like people dont know you can immediately block your debit card whenever. You only need a credit card for big purchases. Debit cards work just fine for daily transactions.

[@serenity2010sh]

I love debt cards. Don t owe anything back and can spend your own earned money.

[@oldboyiscool4040]

I’m not responsible enough

[@derpypotato677]

Always only sometimes use a credit card

[@seqiaahamadi7782]

Debit cards

[@eimantas314-rblx]

- Debit doesn't have fraud protection PayPal: Hold my beer. Most banks: Hold my water.

[@khainuam1922]

I rather use debit card from my account because bank credit card debt will be expensive but sadly debit card doesn't let you get protection on your account

[@subhamdas3635]

They both serve different purpose so you can't compare the

[@Triclips]

Yep great vid

[@olympicfireball]

Debit cards can have debits reversed too it’s part of the requirements to use the Mastercard and visa networks

[@thefirephoenix872]

Debit

[@kambam172]

I also would like to mention you can leverage the banks money with a credit card. Matter of fact, plenty of small businesses start with credit cards to help run and facilitate the start up of their business. I plan to do the same when I jump start a small tutoring business- wish me luck!

[@lemonmeowy]

As a tween I have a credit card that acts as a debit card. I can't go over then the money that I have. it just declines.

[@gocygo4862]

Actually a debit card from any reputable bank has fraud protection too.

[@TheBhuwesh]

Well it's better to use debit card then credit card that's what I believe , becoz if u miss ur. Payment u go into Thier vicious cycle of payment plan and that's one of the last thing u would want to be in ....