Thanks for tuning in! Checkout my second channel and get $100 from Affinity Federal CU for your time - kzbin.info/www/bejne/lXK3mKClgp6mqKM
@BlakeDaniels2 жыл бұрын
pay by bank and other similar services have become relatively popular in the niche market of legal cannabis - because of federal prohibitions on handling "drug money" regardless of the state legality, most dispensaries can't take credit cards or even process debit transactions. in most places the closest you can get is a manually processed atm withdrawal which obviously earns no rewards already, so in those markets it's been very easy to get people to switch over for the convenience and lack of atm fees. it will be interesting to see how it takes off in unrelated and un-handicapped industries.
@RJFinancial2 жыл бұрын
That's a good point. I forget about how sensitive the banks can be or how silly the federal rules can be. I think it has a chance with a good UI and some level of savings/rewards
@lebisque91942 жыл бұрын
I just watched your Plastiq video and now this.Thanks for the update before I even tried this. I wanted to pay my car loan with it. I feel like as long as they're getting their money stop blocking. These card issuers just want to make it harder to meet that SUB. Ah, well. .
@RJFinancial2 жыл бұрын
After thinking on it, we could likely still send ourselves checks via Plastic. Not sure why they'd care. Could even mail it to your work address or to a player 2. More hassle but still accomplishes the same goal of minimum spends
@MannyCovington2 жыл бұрын
The Plastiq news is tough, such a great avenue for many people
@SpencerJohnsonOfficial2 жыл бұрын
Danggg sad to hear about the Plastiq news. I never personally got to use it for my welcome bonuses, but I was looking forward to having that option available in the future. A lot of fun news this week man! Thanks for sharing as always.
@scottb_02 Жыл бұрын
My mortgage company lets me pay with Visa, they charge me a $12 fee. They also let me pay multiple months at a time (same $12 fee). I use the Venture X for 2%, it’s Old Fort Banking Company here in Ohio.
@scottb_02 Жыл бұрын
I’ve been tempted to try and use my US Bank Cash+ card to see if it’ll trigger the 5% for the Home Utilities category I always select. 🤔
@RJFinancial Жыл бұрын
That's a cool perk and uncommon for sure. US Bank has always instantly blocked my CC funding for bank accounts. Not sure if they'd treat this payment differently. Worth a shot as a test
@jeremymoore4502 жыл бұрын
RJ, Wow what a great video Sir. Appreciate the shout out in the video. I am always and will be a huge fan of the show 😃 the chase IPs I wonder if people were using VPNs to try and apply for the cards and chase didn't like it.. hmm. I always look forward to the Sunday recap show. I like to see how you put it all together and what your thoughts are on it. Avant bank caters to people with lower credit scores they are a decent bank. Maybe they will be able to approve people for the MLS cards at a lower credit score.. Avant bank typically work with people with lower credit scores and rebuilding credit. I guess we will see on that part. Appreciate the video man.
@RJFinancial2 жыл бұрын
Avant lower requirements is likely. With cards like that they tend to want to cast a wide net and manage risk with CL's or APR's. We can always find some good stuff, even on a slower week
@ctbt1832 Жыл бұрын
Paying debt with debt is not a problem. Using credit cards cut down the bill much faster. And they know it. Paying more give the companies getting the money less interest
@Doggieman1111 Жыл бұрын
Will be interesting to see how it all plays out
@ridleyjoseph73372 жыл бұрын
RJ keep applying pressure with the constant uploads love your stuff brother !!!
@RJFinancial2 жыл бұрын
Appreciate you sir, have a great holiday
@jimmyjames64922 жыл бұрын
Man, that stinks about Plastiq. Thanks for the heads up + video!
@RJFinancial2 жыл бұрын
I may have to test it but I feel like we could still send checks to ourselves or others to hit spend. This does make it harder tho
@jarrod499 Жыл бұрын
The problem with all of these alternative payment options is that if the merchant is lowering their interchange costs then the consumer rewards that are offered have to suffer vs CC. Also they need fraud policies as good as CC.
@RJFinancial Жыл бұрын
We kinda end up stuck in the middle of the fight to your point. Either we pay more or we get less rewards. Either way the customer is often left with the short straw
@williamgoodpaster56892 жыл бұрын
This sport/hobby/game is like playing Chess. I love it!
@RJFinancial2 жыл бұрын
It sure is. They block one path, then we find another way to the Queen
@wesleyhaskins1569 Жыл бұрын
Isn’t the dollar bill technically debt too?
@stanleymartinjr1362 жыл бұрын
I always enjoy the recap videos. I could see Pay by Bank as a way to provide a discount for people who use it. Maybe would be a payment button that says "Pay by Bank-Save $3.00" as an example. It reminds me of when gas stations give people a discount when they use cash as opposed to a credit or debit card. In reading some of the articles on Pay by Bank, it seems to be a longer process for authentication than just entering in a credit card number.
@RJFinancial2 жыл бұрын
It's gonna have to be easy and offer some level of discount. I don't think most people care all that much about how they pay. At the start of EMV chips the length of authentication was an issue, then we kinda got use to it. Some spots in a a company food court I've seen don't even use EMV because they think it slows them down too much
@iamjoemade35352 жыл бұрын
That’s too bad to hear about Plastiq. Just got my Chase Ink and had planned on using it to invest in real estate using Plastiq. Dang!
@RJFinancial2 жыл бұрын
I believe you could still send yourself or a player two a check to hit bonuses that way.
@Yaw_Jr Жыл бұрын
Similar situation - got approved for the Sapphire this week. Smh I had GREAT plans for plastiq!
@Yaw_Jr Жыл бұрын
@RJ Financial oooooh REALLY? Thanks! I'll try that out
@yassine5457 Жыл бұрын
@@Yaw_Jr have you had any luck? I just got approved for a chase business card
@docsays2 жыл бұрын
I definitely think paypal is taking on apple in the credit card space. I have the paypal card & we use it almost exclusively for online purchases which frequently accepts paypal for that 3% cashback!
@RJFinancial2 жыл бұрын
It's underrated and likely a better card overall given PayPal popularity online vs apple pay. I may need to consider it as I look to build out a cash back set up
@user-ek6bw1yf8z11 ай бұрын
so can you still use a Visa for anything else other than debt repayment like if you wanted to pay someone for a service?
@RJFinancial11 ай бұрын
Yes, Visa and MC still work
@Jason_The_Man2 жыл бұрын
The credit card companies are always looking for a way to block us from maximizing. If they put that much effort into making great cards, they’d have less to worry about. Maybe they should start implementing longevity bonuses.
@RJFinancial2 жыл бұрын
The debt with debt is a silly thing to worry about considering how most cards are used always. This stopped being serious to me when they decided to issue cards on stated income.
@Yaw_Jr Жыл бұрын
Dang it! I LITERALLY just got a Chase Sapphire with Plastiq in mind to max those points! DAAAAAANNNGG! SMH
@RJFinancial Жыл бұрын
You could probably send yourself an ACH or check with Plastiq. I don't see why they'd block it.
@coreygumball6 ай бұрын
i heard if i use a chase ink biz cc it will kill the %0 intro apr is this true?
@RJFinancial6 ай бұрын
Because you run it through Plastiq? I haven't heard that one before. Not sure why chase would care.
@Morphius420 Жыл бұрын
SUB'd --- Thanks for the tip on the upcoming MLS card, hopefully it'll have enough benefits to make it a primary card for the 2026 World Cup; Canada, Mexico and U.S. are hosting; flights, hotels, tickets, Uber, food/drinks, etc. etc. :)
@RJFinancial Жыл бұрын
Welcome & Happy New Year to you
@dwighttaylor51072 жыл бұрын
Always great content sir?
@RJFinancial2 жыл бұрын
Have a good holiday sir
@jamesjohnson-kb9ml Жыл бұрын
So are there any sites that you can pay mortgage with Amex platinum
@RJFinancial Жыл бұрын
not that I know of. They try very hard to block these types of transactions. If you're looking for manufactured spend, I suppose you could send a check to yourself or a player two with Plastiq
@d-c-g65252 жыл бұрын
Hey RJ, I think melio be a work around for using chase ink cards to pay property taxes .Also, I applied for the ink cash when I 4/24 and got it now I'm 5/24. Would I still be rejected if I were to apply for another chase business card or is that for the first ink card?
@RJFinancial2 жыл бұрын
I'm going to have to look into Mello, been waiting for a use case to make a vid on it. Yes, if you're 5/24 then no new chase cards. You can get other biz cards and it not count towards 5/24. If your saying you were 4/24 then got the ink cash, you'd still be considered 4/24 There's also been rumors that some of the cobranded cards are not currently in 5/24 but I've seen mixed data points. kzbin.info/www/bejne/o6TchYJ8aMZ4gK8
@primeexample2 жыл бұрын
So i went on a credit union spree applying for savings accounts now im in chexsystems. not for anything derogatory but just inquiries. Should i be worried?
@RJFinancial2 жыл бұрын
Check this out from my other channel. I do the same and I'm not personally worried. As long as you have at least one home base bank account you'll never be without a banking home. kzbin.info/www/bejne/Z3vbapmhf5V0fs0
@Jordan-sq1oo2 жыл бұрын
Could be people using a vpn?
@RJFinancial2 жыл бұрын
It's a possibility. I know folks try it from time to time when applying for out of state banks
@mitchell.96322 жыл бұрын
Did not know there are 21 MLS teams.
@RJFinancial2 жыл бұрын
I'd say we all learned something today lol
@thomask50382 жыл бұрын
Man. Once MC follows Visa on "debt paying debt," that'll be the end for Plastiq.
@RJFinancial2 жыл бұрын
It's interesting how far they'll go. Right now I believe we could still send ourselves or a player 2 a check to hit a bonus. If you mail it to your work office it would be hard for them to claim it was MS
@thomask50382 жыл бұрын
@@RJFinancial Wow. That's brilliant.
@sandorvarga.69822 жыл бұрын
SUCCESS.fratelo.
@MissEnglish1232 жыл бұрын
I know it’s an opinion, but if ur practicing good money habits why do u need ur pay 2days early??? I’ve always felt that getting ur pay 2 days early is for those on the edge living paycheck, one of my banks is Citizens bank & they offer payroll 2 days earlier, I’ve never signed up, I can wait for my money
@RJFinancial2 жыл бұрын
I don't think it's a super helpful perk. It simply sounds nice. I'd need to know more about behind the curtain. I think they ACH the bank gets is dated for a Friday. I also kinda feel like if you have it bank why are you holding it? Assuming it all settles prior to Friday
@MissEnglish1232 жыл бұрын
@@RJFinancial I understand, if the bank has the money, why are the holding on to it? I can understand that point of view
@JP-nq1er2 жыл бұрын
Why wouldn’t you want to get paid early? This argument doesn’t make much sense. Practicing good money habits has nothing to do with getting paid earlier. It’s easy to say pay your balance in full, practice good money habits, etc. but face reality. That’s easier said than done for many people. Life is expensive and with everything rising, the way many billion dollar companies treat their employees like shit and underpay them forcing many people to just barely get by while these corrupt execs are getting million dollar salaries & bonuses for often times poor management of the company. This is a bigger societal and systemic issue. While you should practice good money habits, not carry a balance, etc. that’s not so easy for a large part of the population who can barely pay rent & keep food on the table. So it’s insensitive & coming from a place of privilege to scoff at the corrupt banking industry doing something halfway decent like releasing someone’s paycheck early that they probably worked their ass off the previous week for. For many people that can be a huge benefit.
@champstar96692 жыл бұрын
"Major League Soccer" -- that's like "Professional video game player."
@RJFinancial2 жыл бұрын
You mean you don't want to sub to my Twitch channel?
@PointsInbound2 жыл бұрын
Haha imagine the feeling of being told you were denied because sanctions, lol
@RJFinancial2 жыл бұрын
I'd take one of those letters to add to my denial collection lol
@tantradossantos45012 жыл бұрын
The denials sound like a VPN-related issue.
@RJFinancial2 жыл бұрын
Good possibility. The banks love when people us VPN to apply for products when they're out of footprint lol
@android77642 жыл бұрын
iPhone 14 is going to be hot garbage. I collect phones (that are worth it) and have one from each major manufacturer. (Available in the states) I see no reason to replace the iPhone 12 in my collection. I'm waiting for the iPhone 15 to replace my iPhone 12 that I use exclusively as an overpriced iPod. For my daily carry, Team Pixel all the way! Aside from that, have you ever heard of a secured card being closed by the bank due to lack of use? I have a secured card from a credit union as my oldest active card that I've stopped using. I wondered if I should put some spend on it to keep it active but since they technically have the money already in a secured account, it makes the card valuable for them to keep open because if they close the account they'd have to give me my money back. So Is that something that happens or am I worried over nothing?
@RJFinancial2 жыл бұрын
I want to skip to the 15 so we can finally get that USB C that everyone else has had for a decade. It's my last non USB C device... I haven't heard of that but then again we don't talk about secured cards much. It'd be interesting if they closed it as they still have some amount of money on deposit to secure it. Do they have PC options to a more useful card or at least one that doesn't tie up a few dollars?
@android77642 жыл бұрын
@@RJFinancial Def want that USB C. Lightning is old garbage and Apple not ditching it without being forced is asinine. They removed the headphone jack when no one asked for it for being an "old standard" and they called themselves courageous for it but won't replace the aged standard of lightning to USB C that literally everyone is asking for. They're so full of sh*t it's hilarious 😒 They do but their PC options are garbage and aren't worth it. I have better cards that do more for me in benefits and rewards rates. Plus just to product change to a PC card I'd need to do a hard pull which isn't attractive.
@RJFinancial2 жыл бұрын
I haven't but we don't talk much about secured cards so not a ton of data points. They technically have some money on deposit to make it secured so I can see why they'd want to keep it open and no real risk. Could see if they have another more useful card to PC to. Would free up whatever money that have making it secured which would be nice. $1 Amazon reload every so often would be easy enough to keep it open
@android77642 жыл бұрын
@@RJFinancial Of their PC options they have 2 cards. That are basically the same. One is a low interest card that earns one point per dollar that can be redeemed for Merchandise, Travel & Gift Cards. The other is a Cashback card that has a higher APR & the points have the additional option to be redeemed for Cashback. Besides that, everything else is the same.
@android77642 жыл бұрын
(Sees monthly Q&A Vid) [Rolls up with the Android squad] Ayo! I heard you were talkin smack! Wuz gud blue bubble BOI! 🤣🤣🤣 Jk Jk 🤣😶🌫️😂😭
@RJFinancial2 жыл бұрын
Lol I mean this week is the new Apple event…. Could be the perfect time to come on over.
@android77642 жыл бұрын
@@RJFinancial Nah, iPhone 14 is going to be hot garbage. I collect phones (that are worth it) and see no reason to replace my iPhone 12. Waiting for the iPhone 15 to replace my iPhone 12 that I use exclusively as an overpriced iPod. For my daily carry, Team Pixel all the way!
@guaparra22 жыл бұрын
First 🥇
@RJFinancial2 жыл бұрын
Spirit award to you this afternoon sir!
@willgomez1737 Жыл бұрын
Have you try doxo yet? I was looking around to pay my mortgage. They also use apple pay 🧐
@RJFinancial Жыл бұрын
i haven't heard of it. I'll have to check it out. Thanks for the tip