STOP Using Your Debit Card & DO THIS Instead | Minority Mindset

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STOP Using Your Debit Card & DO THIS Instead | Minority Mindset
1:59 - Fraud protection
2:35 - Warranty protection
3:03 - Boost your credit score
3:16 - Credit card perks
4:30 - Cash back
6:35 - You have to use your credit card the right way
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This Video: • STOP Using Your Debit ...
Channel: / minoritymindset
Video host: Jaspreet Singh
DISCLAIMER: This description may contain links from our affiliates, sponsors, and partners. If you use these products, we will get compensated - but there's no additional cost to you.
DISCLAIMER CONT'D: I'm just a random guy on KZbin so do your own research! Jaspreet Singh is not a licensed financial advisor. He is a licensed attorney, but is he is not providing you with legal advice in these videos. This video, the topics discussed, and ideas presented are Jaspreet's opinions and presented for entertainment purposes only. The information presented should not be construed as financial or legal advice. Always do your own due diligence.

[@MinorityMindset]

Thank you for watching! If you enjoyed this video, you should watch - Why I NEVER Use A Debit Card: kzbin.info/www/bejne/bKOviYF3hbNpeqM

[@garrettshaw8161]

Thanks for these videos. Agreed that the key is how you use your card. Why I have been listening to Dave Ramsey for a while now, but each time I have used it(not often yet) I pay it off that week. I have set it up a few months back to where the bills at the start of each month will be paid with it. I’ll reevaluate how I’m doing.

[@blicksta609]

@minoritymindset hi jaspreet my friend is getting ten bands next year He is not responsible but he just doesn't wanna blow it on dumb stuff what should he invested all that

[@blicksta609]

Plus he's probably gonna have to give some to family because there gonna expect something

[@jae1757]

I want to apply for a credit card what would be the smart way of using it? And should I keep money in my debit card to make the payments on the credit card?

[@jae1757]

How can I use credit wisely?

[@FinancialShinanigan]

Just with anything, self-control is key

[@financemadesimple-personal2086]

That's what these other people don't understand.

[@revefamilyvideos3018]

That’s why i don’t use my credit cards anymore.

[@combatvolta]

Completely right

[@shanedraper240692]

Dave Ramsey would go mad watching this

[@stevenbowdich6716]

He has a completely different audience. Dave Ramsey talks to the average American which cant control their spending. Jaspreet is talking to the minority of us that are good with our money and can control our spending. I don't have near the expenses he does and I still get around 1-2k in cash back from my credit card.

[@TopVillain]

@@stevenbowdich6716 but majority of people live on credit and majority of them use the excuse “reward points”

[@lionessrising]

@@TopVillain that’s the issue!

[@FinancialMechanic]

I can see the mushroom cloud off Dave's head. That said when you run a business especially you spend and pay off debt a lot. Its not worth it to use a debit card. Now my PayPal business debit with my rewards credit card is truly supercharged.

[@muskpool4109]

it only applies to Americans, the rest of world has no benefits on credit cards at all

[@blackwunk]

I said it before and I'll say it again: "Best financial education, anywhere!"

[@financemadesimple-personal2086]

No argument here, don't know why anyone would use anything other than a credit card.

[@MoneyMan28]

No with credit cards you gotta pay 15 to 20 percent in interest but debit cards are free

[@blackwunk]

@@MoneyMan28 An undisciplined person who cannot depend on the person in the mirror to pay their debts on time or a day early would have to pay between 15 and 20%. A disciplined person can rack up all kinds of protections, perks and benefits by using a credit card, not overspending and paying on time so as not to get bogged down & incur the interest rate charges.

[@MoneyMan28]

@@blackwunk Banks only care about profit and don't lend out money for free, maybe one day you cannot pay the full balance within 20 days in the next 40 years and then have to pay interest.

[@petrusedwardjr.2598]

@@financemadesimple-personal2086 Because they’re actually using their brain

[@OwolabbyAzeez]

Save up 3 months worth of expenses before using a credit card. The financial discipline it takes to save that amount of money, say $3K covers rent, food, utilities and gas for the month prepares you to use credit responsibly.

[@financemadesimple-personal2086]

good tip

[@justmyopinion9883]

Excellent advice.

[@TiggysTC]

I agree 👏🏾👏🏾

[@Justsayingthat]

Started only using my credit card. Save on bank fees and get points.

[@mrcarterfx885]

Yup

[@financemadesimple-personal2086]

If only other people understood....

[@wellingtonbruh3756]

I get money back. Saved up 3k as it has no time limit, only money limit. And if I withdraw it into my savings I get 10% back. Meaning, I get free money for saving up money. Plus points at select gas station, which is awesome to get a free tank every once in awhile cuz I drive a lot for work.

[@MoneyMan28]

credit cards charge 15 to 20 percent interest, debit cards are free

[@Justsayingthat]

@@MoneyMan28 you pay immediately and pay no interest. You just get point!

[@vincef7487]

I ALWAYS use my debit card. I’ve had credit cards in the past ...and that experience helped me prove to myself that my self discipline “needs work”. So until I successfully deal with that issue, I will continue to just use my debit card.😒

[@stevenbowdich6716]

Could always get a credit card and set it up so that it auto withdraws from your debit card to pay it off daily. This way if you swipe your credit card, you are also swiping your debit card and will over withdraw . It usually takes a day or two for it to process but it basically can turn you credit card into a mini debit card.

[@vincef7487]

@@stevenbowdich6716 Hmmm. Good to know🤔. I might just look into that. THANKS.

[@Hasnanembong]

I never use a credait card out of religion. A muslim is forbidden to use it because we have to agree with the usurious term, that is to give consent to the credit company to penalize you upon delay payment. It's a jahiliyyah riba and it's a grave sin.

[@vincef7487]

@@Hasnanembong That must help prevent devout Muslims from falling into the credit card debt trap. 👍🏽‼️

[@lionessrising]

I feel the same way. This is my issue. Yes I pay off my credit card weekly but the problem is I spend hundreds more a month when I use my credit card. Until I get a hold of that I’m switching to debit card and cash

[@MisSamIvee]

Thanks to this channel I have no more negative things on my credit and my credit card balance is $0! I use my cards but I pay them off right away to get the points and build my credit. Now I'm going to start working on my school loans! I started investing as well. This channel has helped me. Thank you so much!!!!!!!

[@mangekoo3682]

Same

[@MRB_Admin_Chris]

thumbs up specifically for the seinfeld reference.

[@markh.6687]

I prefer "They're real, and they're fabulous!" But I'm a guy, so... :)

[@ITILII]

Remember.....it's not a lie....if you believe it ! (motto of ALL bankers, advertisers, media, politicians, etc.)

[@JohnMoser66]

I've earned $27,586 in cash back from my Bank of America Visa since 2004. I just pay the balance at end of month and rarely use a debit card. Great video!

[@lionessrising]

Well tell us how many thousands of dollars you had to spend in order to get that bad. I bet you then see you didn’t win the credit card companies won.

[@joefell7845]

@@lionessrising he pays his balance every month, Get it ?

[@luisoar1277]

Nice! The key here is if you are already going to buy it use the cc. And get cashback. You will always buy more than what you actually get in cashback.

[@muskpool4109]

there's no free money, the money was yours since the beginning

[@jessereinhardt6320]

The credit cards companies do not make money solely on monthly payments. They also charge the swipe costs to the merchants, who in turn charge the customers. We have to pay a premium for products and services to swipe in general.

[@mindsinmotion2825]

Cashback and rewards from credit cards are the way to get a return on money we have to spend.

[@lionessrising]

The downside to that is we spend more with credit card. I’m trying to decide what I want to do regarding this in 2021

[@FinancialMechanic]

So true. I broke down how a capital one quicksilver one is a good idea if you spend enough on it and pay it off. Im 2 months in and my cash back almost justifies it already.

[@elevenfiftynine]

@@lionessrising Exactly! Cash back CREDIT CARDS also encourage more spending to get more cash back, IMO.

[@mindsinmotion2825]

@@FinancialMechanic right

[@muskpool4109]

and to get wrecked in case of something bad happens

[@marcihf217]

I need to start using my credit card more. I pay it off in full every month so I know I am disciplined.

[@financemadesimple-personal2086]

I use mine for groceries, gas, and anything else that will allow me to pay with a card like utilities and my cell phone bill. Then I pay off the balance with the cash I was going to use anyways and earn rewards without paying interest.

[@marcihf217]

@@financemadesimple-personal2086 I need to start doing that! Thanks.

[@financemadesimple-personal2086]

@@marcihf217 You're welcome, just dont fall into the trap. You HAVE to only use it for stuff you already have the cash to buy and dont ever skip a month. Too many people fall into debt because when it comes time to pay the monthly statement off so you dont pay interest, they say "I'll just use this money for something else" and it snowballs from there.

[@marcihf217]

@@financemadesimple-personal2086 No problem. I only buy if I need something and can afford it. I always pay my bills in full. I have seen to many people fall into the trap of debt. 🙂

[@sergiotorres6202]

I pay mostly with credit card, except in places that don't take credit cards, and small business(because they do have to pay CC fees).

[@houstonshomeautomation3524]

The one video that got to me was when you said above everything else starting a buisness is the sure fire way (and riskiest) to wealth. But if you've done your research and you belive in what you do , the sky is the limit !" Something like that

[@ADMIN-lf7mq]

Thank you very much minority mindset. But if you really want financial freedom you've got to stop saving money, start investing some part of it .

[@christophermillar2006]

invest in bitcon,gold, silver,buy stock, Forex market, commodities.just invest and save yourself.

[@thenewatlas9000]

@@christophermillar2006 what if you don't know how to trade any of these

[@thenewatlas9000]

I mean,i see your point.some people have the money and are willing to invest.but the problem is where to.

[@droningsalonoy9754]

i see your point some have the money and are willing to invest, but the problem is were to.

[@christophermillar2006]

very true that's why as a newbie it's always advisable to consult a platform where professional devote their time and skills to earn huge profits for investors at a minimum rate.

[@Dee-oq5ms]

I’d like to add sometimes CC have roadside and rental car assistance

[@flch95]

@@ES-qu1jd you can get roadside assistance from your car insurance as well. Haven’t had AAA in years.

[@michaelc9128]

Sometimes your auto insurance has better road side service than AAA

[@zfarooq915]

Jaspreet !!!! Love ur videos bro... honestly the best content on youtube... very educational and informative.. keep it up braaaa !!!!

[@TheNORegretShow]

Great video Jaspreet. But the sad part is people lack self control over there finances. It is a mental issue that Dave Ramsey talks about that when you have a credit card you are more likely to overspend. And I actually agree with him. I only use my credit card for things like auto payments like my cell phone donations and gym membership. Then I set auto pay from my checking account auto pay to cover that set it and forget it. I use cash Jaspreet when you have cash you are less likely to had it over because of the pain sensors it activates of seeing it go away and not come back. Sorry Jaspreet I didn't want to listen to a random guy on KZbin for this video.

[@HEARTBEATS1]

Loving this channel more and more. Entertaining and financially literate? Can't beat that.

[@MsGlenn210]

No credit card debt and I use my credit card to get the benefits.

[@Arcfear]

I use debit card because it is where they give me my salary. I still carry cash. I budget my necessities and live below my means.

[@Sinserg]

That is perfectly fine, but the only thing is that you could get a little bit more if you used a credit card, it works for me but, that shouldn't mean that everyone should do it, living below your means it's a great strategy as well.

[@circletech7745]

You should be able to change where your money goes with your employer to a bank account. Then you can use a credit card.

[@dewbedew26]

I don’t have a credit card either, and I don’t have time to deal with the payment and payoffs. Perfectly happy with debit card.

[@Sinserg]

@@dewbedew26 That's why there is the minority mindset people. ✌️

[@arianb.c.2997]

Great vid I didn’t even know about the warranty part

[@mawsafgjp4619]

I would love to see a conversation with you a Dave Ramsey. I am sure it would be very enlightening.

[@stevenbowdich6716]

Dave Ramnsey has mentioned it before that he knows millionaires who use credit cards as well as some that leverage debt. The thing is, he is talking to your average everyday Americans which are not able to control their spending. Dave Romneys plan will work 100% of the time to make you a millionaire. Jaspreet audience is not for your average American but the minority good with money. His plans only work for those with good money skills. Jaspreet's plan will make you much more wealthy but Dave Ramsey's will guarantee you that you will be wealthy and is much easier for the average person. Under Dave Ramsey's plan I would probably retire with around 5 million but because I maximize my use of my money, I will most likely have 10 million+ depending on how well I do in real estate. My stock portfolio alone will be 10 million but real estate could really bump that up. I could never make that much using Dave Ramsey's plan.

[@TopVillain]

@@stevenbowdich6716 so you’re going to make an extra 5 million from credit card rewards. Lol

[@financemadesimple-personal2086]

Dave Ramsey is too ignorant to have an intelligent and logical convo. Many people have called into his show to respectfully talk about the rewards of responsible credit card use and he shames them or calls them idiots.

[@chuckwilli2]

Started doing this in 2019.... You DEFINITELY have to be diligent on making the payments on time and quick!

[@rupeestodollars4564]

Always love watching your videos. You have helped me make some good financial decisions. Thank you

[@ABSabio]

Always look forward to the information I get from his videos, and anticipating the first time he says “Below!”...Not sure anyone else does this as well

[@gypsypath1]

The problem with everybody using credit cards is that companies had to increase prices (and continue to do so) in order to cover the fees.

[@gauravg789]

I’ve been heavy on the credit card game for the past 6 years. And I’ve at least received $10,000 in return.. airline tickets, cash back, gift cards etc.

[@1smae100]

Nice

[@SalTheMogal]

great tips man

[@NeverStopImprovingSB]

Jaspreet, when do you sleep?! How you upload well thought-out content so regularly is completely beyond my imagination. Very nice work man!

[@guiltyhunters]

Smashed the like button!!!!

[@rickonmaui7054]

You’re rocking my (financial) world. Thanks, my man.

[@naturescritter4691]

One of my favorite KZbin channels

[@orlandoburgos329]

This is one the most helpful videos you have made so far .

[@alangeorge1090]

Great vid!

[@abec8929]

Thank you so much, great video!!

[@Reppintimefitness]

Thanks bro 💰

[@jellib13]

Some debit cards have rewards/cash back! I work at the local credit union and we offer grow debit cards where you earn 1.75 (was 2%) on balances under 25k and then our rewards where you earn points on purchases that can be redeemed for cash or prizes. I’ve always banked there so I never understood why this wasn’t the same across other banks/credit unions

[@scottpetrone6284]

Extremely enjoyable, you're the best brother!

[@TheDestinationUnknownWorldwide]

Great Information... Well done Bro👍

[@hulyaneben3369]

I am so thankful that I found Minority MIndset.

[@natalie-kn9fj]

Thank you for explaining to us

[@mohammedosman88]

Jaspreet, I really appreciate and respect you saying that you did not think like that but now you changed. This is really key! To be open, flexible means you are an open-minded guy. Keep hustlin’ !!

[@papasparks2009]

Dave Ramsey just had an Anurism.

[@artierodriguez8334]

Thank for that perspective; I've never looked at it in that manner. Guess that is why I am where I am right now. Gonna change to your method, as I understand the logic behind it.

[@rittacato1510]

Thank you for your advice it is so well received

[@dannyalvarado3067]

Love the info

[@oscarb780]

Thank You Jaspreet!

[@sebastianperez6833]

Over the last 5-10 years I've spent thousands of dollars in interest charges, this is the price I paid for being irresponsible financially. Now I'm financially literate and I'm dedicated to making back that money from the credit card companies

[@hueyfreeman7810]

I've been thinking about doing that. Great advice.

[@robbiewatson3525]

Just started watching your videos. Wow thanks for the financial and real estate advice.🙏

[@financemadesimple-personal2086]

I do this with my fidelity rewards card and it lets me transfer that money into my brokerage account. I then invest that money and earn more. So far in a year I have gotten about 1200 in rewards without paying a single cent in interest.

[@tonyrobinu6412]

thats smart, like jaspreet says, let the money you make make you even more money!

[@financemadesimple-personal2086]

@@tonyrobinu6412 exactly

[@shaz2810]

I love your content!!! Thank you for your fantastic info!!!

[@Evensy2]

Been using credit cards for about 3 years now, Love it!

[@Judgement220]

Damn, Airport lounges, special credit card. Thanks man.

[@hikersguidetotheu.s.1911]

This is actually what I currently do . And it makes a lot of sense

[@TheToymaster11]

I have been doing this for about six months. I have always paid my debit off just not with a credi card. Come to find out those 1-2% cash back adds up over time. 🤔 plus the purchase protection

[@hikersguidetotheu.s.1911]

@@TheToymaster11 yup . It’s true . I have the Amazon prime Chase card and what I do is I pay all of my utilities and car insurance with that card every single month and all of my groceries and because Whole Foods is owned by Amazon I get five points back on top of points back out to eat as well . It gives me Amazon points so at the end of the year like last year I had over $600 in points saved up and I bought all of my Christmas shopping during the holidays with my points.

[@annahgibbus8]

@@hikersguidetotheu.s.1911 I had gotten my first bank account in 36 years last May and had beginners bottom credit and Amazon denied me. I've been doing what the man on the channel says and now my credit score is over 700+ I think I'll try applying for the Amazon card again I should make it this time. LoL I have a strict no interest no shipping rule and was using my debit card previously. I just love this guy he's always got some nugget of financial information that I can learn from.

[@hikersguidetotheu.s.1911]

@@annahgibbus8 100% facts. I watch him and @graham Stephen daily and both helped me repair all my credit last year in a 6 month period .

[@CyberSteel135]

Great video Jaspreet! I subscribed to your channel recently & your financial advice is top tier! Keep up the great work!

[@chattervast]

Great video! Definitely agree. Video suggestion: layout a budget and find the best credit cards for each line item. ie groceries - credit card that gives highest back in that. travel, restaurants etc, would it be too crazy to have a specific card for each budget line item that companies give cash back for?

[@jonhsmith2523]

Great video, Gucci gang

[@kbdefay]

Good advice, clearly explained.

[@ginagem985]

Okay, so you may have convinced me to use my credit card as my new debit card now. Love your videos by the way!

[@juliatran6617]

This was the best revelation that ever happened to me! Now I make all purchases on my credit card and it is so smart! Free cash! Thank you for this!!!

[@GegeP1804]

After I paid my CC debt. I was on the mindset just use my debit card. I finally understood the game. I have slowly switch most of my purchase and automatic bills to my CC and I just pay it back. Only purchase what you would normally purchase. My mind was blown when you said you don’t even have a debit card.

[@jillleturgey1001]

I haven’t paid my phone bill in almost a year because my credit card points do. It’s lovely.

[@charletfoster8917]

🙏🏿 for sharing your experience-credit card use is not always negative

[@FeM_ny]

I totally agree. I have been paying my monthly bills (phone, cable, electric) via my credit card. Everything is done automatically and I set up the payment to get deducted from my checking account every month.. i get lots of perks, points and cash back! I've taken many free vacations this way!

[@jeffdorris5321]

Nice work 🎇✨🎆🌠

[@kidding9987]

Pay that credit card before the statement ending date. Do not wait till the bill due date, keep that debt off your statement and credit score

[@rentospropertymanagementso4895]

This sounds very interesting to use only a credit card than a debit card. Helpful info about credit cards. Thank you for sharing.

[@adrivoid5376]

Im a senior in college and just got my first credit card- Ive been using debit and cash- even though Ive never had difficulty with restraint. My parents just suggested waiting. So Im happy to do this and just make sure I know to pay in time

[@johnsmith-dm2tq]

That's a good screenshot jaspreet, it looks like someone rubbed your genie bottle wrong.

[@VSO_Gun_Channel]

Everything on credit all the time.

[@timothyripley4175]

You are everywhere lol

[@rickychen4798]

Till you are caught in a cash advance charge.

[@VSO_Gun_Channel]

@@rickychen4798 you have to use them correctly. Jaspreet has said this multiple times- know what you can afford, not just what you can pay for.

[@sonnygsmith3207]

Yep, same here. I paid all my bills using my credit cards. About the only place that I don't use it on is property tax - an extra 3% added if using credit card so I don't use it here.

[@MoneyMan28]

You're a good borrower, most prefer to own

[@rbfarrell1]

Thank you to the people that can not control their spending. Creditcard points have paid for many of my flights and most of the things I buy on Amazon. Life is good.

[@adrianvillalobos1922]

Lol I thought he was going to say he hated going to the airport for other reasons. This guy is amazing. Great video thank you.

[@Labukh84]

I also have a hard time buying liabilities.

[@asmarbilalsr7769]

Appreciate this video very much. I was definitely not aware of the perks. I will utilize my credit in a differe.t way now

[@KrishnaSingh-rg4qk]

Brilliant yaar.

[@ShawnDog211]

Excellent advise. Approved. "Below!"

[@Adjustments-ARe4551]

Can you do a best 2021 Travelers Rewards Credit Card video? Thanks for the informative content

[@VeryEmotionalNogginThoughts]

It's kind of insane how I'm literally at the debit card stage... the fearful semi-poor money mindset. I'm ready to move on to the richer mindset + FUN, BABY!! Thankyou, Jaspreet. You changed my mind!

[@Bobthebuilder-ux2oz]

Lol I'd been at this stage too last year; had been so scared to do anything but my friend pushed me to put some money in trading, now I get 3k weekly, paid for a capital one cc on Tuesday

[@VeryEmotionalNogginThoughts]

@@Bobthebuilder-ux2oz I have no idea about trading. To me it's so much like gambling to me.

[@Bobthebuilder-ux2oz]

@@VeryEmotionalNogginThoughts My friend and I don't have the slightest idea either lol. She's studying business admin so she's really good at finding stuff where we put in money and it grows. if you'd like I'd show you how you can start it and let it pay you weekly.

[@VeryEmotionalNogginThoughts]

@@Bobthebuilder-ux2oz This is completely foreign to me. Is there some resources I can read to start? Only if you're okay with it and it doesn't take much of your time.

[@Bobthebuilder-ux2oz]

@@VeryEmotionalNogginThoughts nahh I've got enough time lol. What's your emai|?

[@JK-jm6kd]

Love it "overpriced Gucci scarf" damn right

[@mandyzepeda5447]

Love the Seinfeld references! I remember that episode. The average joe doesn't have self control or financial knowledge so Dave is reaching for them. But as you mentioned, his ZERO credit card plan doesn't account for #4 which is very important also ...

[@Fsa8888]

Capital one spark my favorite Great points

[@aavv1818]

San Francisco AGREES!

[@TheW.I.N.K.]

Jaspreet used the only Seinfeld episode I liked to teach a valuable lesson: But with a credit card as long as you pay it off completely ON TIME! 👍🏾 Much love from Detroit.

[@Juliaa__T]

Thank you for the info. I signed up for the Chase travel one based on your website’s recommendations. I cut up my Bank of America cash rewards one because I never get anything back from it

[@clow242]

I have been doing this for years and using the cash back rewards for Christmas.

[@richardlangegger4141]

thank you nice to know

[@LifeofKairo]

Financial advice from Seinfeld episodes 😝

[@BMDecipher]

I never thought about the purchase protection aspect of using a CC...that's something I'll have to consider.

[@jennig3090]

Damn didn’t know about the warranty 🥺😉😉😉💥🤜🏽🤛🏽

[@HarpreetSinghLive]

Singh's leading the way!!

[@Summerof-dh4re]

My new favorite KZbin guy. Thx friend. And my sisters last name is singh... haha.

[@XXnickles]

The real problem with credit cards is in peoples mindset. Some people thinks that they are banking getting 1.5% (or other perks), which led to overspending. I use debit and credit cards as that 1.5% (or a little bit more with hacks) return is really nothing at the end of the day (vs the amount you can overspend looking to your "rewards" portfolio). I also pay immediately every time I use my credit cards, effectively using them as debit cards

[@ripvanwinkle4532]

I keep my emergency savings in my checking account with 3 percent apr. I have to use the the debit card at least 12 times a month to get dividends. I use the credit card for bigger purchases to get points so I can get free stuff. I pay it off every month.

[@tomf9292]

Although I’m a big Dave Ramsey fan, this is how I pay for everything. I had a contractor business for 30 yrs. We paid all our bills through Amex card and paid 0 interest. We would put about $30,000 a month on it, pay it off and had well over 1,000,000 points. We used it for free travel, free everything. You MUST pay it off every month. Great advice

[@sparrow9851]

Thanks i knew about Michael Hill! He was my professor in Oxford and told us about FBC14 algorithm!

[@armenta719]

I use my credit card religiously also. Given a long time ago when I was younger I got myself into credit card debt cause I didn't know how to use it but after I got out of it I came out an even better person and have hella frequent flyer miles. Anxiously waiting for my free trip:)

[@arawtgabi]

I agree with Jaspreet, I stopped using debit and became more mindful in my spending. All our expenses goes to a "Clothing rewards" credit card. We pay off the balance every month and basically have over $1000 of free clothes every year. Doing this can get you in trouble really quick if you don't have the discipline in staying within a budget. Also I have an old AmEx that has a $150 balance that I pay minimum to. This keeps that whole "revolving balance" in check.

[@danny302]

Love your videos!! What do you in the situations where business charge an extra fee for using your credit card? Or what they like to say to make it legal a "cash discount".... Thanks!

[@8908bee]

I believe in everything he said but financial institutions will not refund you back your money just because something was stolen unless it was lost in the mail. Please don't call them for that or your dispute will be denied.