Why I Don't Use Debit Cards (Ever)

[@whatvlogz]

This is the first year that I haven’t used my debit card. I feel so free. Lol. Now I charge everything, make payments as soon as the charges post, then rake in the rewards.

[@D9Beats]

I’m going to be rich if I keep watching these videos! Another good one, Jason!

[@HonestFinance]

Thanks Dan! Knowledge is power :)

[@BeastOrGod]

Are you rich now? Gotta know, so I can bail

[@D9Beats]

@@BeastOrGod I’m self employed comfortably. So that’s a great start :)

[@BradFinn]

Good stuff Jason. Credit Card guy myself. Took a year or two to get discipline enough to know I’d never keep a balance and always pay in full! Looking forward to some more content!

[@HonestFinance]

Thanks Brad. There are pros and cons, but I prefer credit cards 100%

[@KaiAndrew]

Great video, Jason! Totally agreed! I use my debit card only in emergency cash situations. Always pay off your credit balance!

[@HonestFinance]

So very true for everyone!! Don’t pay interest!!

[@brad3628]

Never thought about all the advantages of using a credit card versus debit. I'll be switching it up soon. Thank you for yet more great advice!

[@HonestFinance]

You’re very welcome. Just be responsible with credit and you’ll be fine

[@charlies.5777]

AS always, a great video. As you mentioned, I like having a debit card when I want to get cash At my supermarket. And RE the supermarket, I dropped my credit card in the parking lot (I still don't know how that happened) and by the time I realized it was missing, like 45 minutes later, someone had already charged thousands of dollars ON it!! Fortunately, since It was a credit card, I cancelled the card immediately and did not Lose any money. If it'd been a debit card, however, it would've instantly cleaned out my bank account and would've definitely caused some problems!!

[@HonestFinance]

Ya for sure. Your debit card is protected too, but it’s much more of a hassle.

[@BeastOrGod]

Wait, your debit doesn't have security codes or biometrics?... Damn, you should be changing banks, not use it as an excuse to have a credit.

[@NorthDaPro]

Rebuilding my credit. Was terrible with my first credit card when I was younger. Thank you for the video. It is incredibly informative and helpful. Could you possibly do a video on secured credit cards? That's what I have now to rebuild my credit.

[@evanwindom3265]

"If you're going to be spending money anyway, you might as well get the reward points..." What he's not telling you is that people who buy stuff for points typically spend more than people who don't. So, go ahead and spend that $100,000 to get $1,000 back in points if you want. Most people say they pay off their balances every month, but the statistics don't support that.

[@MistahUnknown]

@Evan Windom This! Thank you for being honest to us by pointing this out.

[@riverdaletales8457]

Cash all the way , then debit

[@juanseaforth5111]

I don’t use my debit card 💳 I used my Amex for everything and I pay in full before the closing date.

[@HonestFinance]

Good call! Just don’t spend more because it’s credit ;)

[@karvzejones82]

Thanks bro sharing this channel with my wife and I subscribed

[@zerajnimegroj3012]

Debit Cars for ATM’s Cash for Gas Credit for everything else

[@timelessmusicfamilymusic9175]

If you travel it's best to carry a credit card & an ATM card. An ATM card is useless to anyone, but you, cause they need the pin number in order to get out cash💸. Keep those two separate. The credit card💳 in your wallet & the ATM at the hotel or where your staying. That way if one gets lost or stolen you still have the other one as backup💳💸👌

[@chrissymarsha2282]

New subscriber!! especially when you mentioned it’s always in their best interest to keep you as a credit card customer ... that’s TRUE

[@krystlejane]

Great advice especially on credit cards. Knowledge is power! 🙌 high interests & no rewards so I mainly use debit 😬 keep the wisdom coming!👍

[@HonestFinance]

Will do. Thank you for watching

[@rushfanjames2112]

I got in credit card trouble for the 2nd time now… I use my debit card or I just take cash out from the bank now. Helps me manage my money better.

[@scottivlow9962]

The only thing that I find wrong with the statement that Banks don't have good websites that is completely wrong. Every bank shows your balances in real time after every transaction. You can call your bank from the app that allows you to reach customer service faster. Because your a customer already you can accounts in the banks app see your statements. I agree I use both but I don't use my credit card online for anything. Online stores has their own protections. I bank with TD and I have a credit card with that bank as well and that the app is so helpful for me the past 10 years. I can transfer funds to my credit card with a simple transfer. Bank want the best webpages to do 24/7 banking. Maybe after a few years since this video and you hate your banks app maybe you should just change banks because a lot of banks want very good apps.

[@brandymoreno9049]

Do you have any videos on how to earn travel points with a credit card? Preferably a card I can use to pay for our wedding and then use the points to get a cheaper honeymoon.

[@HonestFinance]

Try the marriot bonvoy visa. They have very good signup bonuses . If you’re planning on paying interest from the wedding, I’d stay away because the points won’t replace the interest. Congrats though!!

[@elysseanchuvas1185]

Dude, thank you for existing

[@MrGiggity890]

Debit cards are dumb. Why would you want to put your checking account out there like that and also forego credit card points? People saying credit cards enable reckless spending need to take a lesson in self-discipline.

[@HonestFinance]

Good points, thank you :)

[@MrGiggity890]

Honest Finance also smart people just play the credit card shuffle and only use cards with 0% intro periods with bonus offers and good points programs. I get paid to pay for things I would otherwise already be paying anyways.

[@videogarage9221]

What can I say .... this guy makes. Great presentation of the material.

[@videogarage9221]

makes sense ..

[@HonestFinance]

Thank you very much

[@HonestFinance]

Thanks for watching the video!! Hope it helps :) Here's another video on your credit utilization score: kzbin.info/www/bejne/aoaXl4BoaLeqqaM

[@rajshu6408]

Hope your channel gets even bigger you thoroughly deserve it. 😀👍

[@HonestFinance]

Thank you so much!! I hope it does too 😎

[@MichaelBordenaro]

I haven't used a debit card in over 10 years. Have literally made thousands of $$$ in cashback just from using a credit card instead. Can never get that from a debit card 👌

[@HonestFinance]

That’s so true. There are pros and cons for sure :)

[@Blitz3O2]

Wow congrats on spending way more than you would have by using cash. You really think you can outsmart the credit card company?

[@ld3534]

@@Blitz3O2 if he always paid the balance and his card has no annual fee, then he did not pay more than using cash. CC make their money on either interest or annual fees. If you avoid both then there's nothing they can do to make money off you.

[@Blitz3O2]

@@ld3534 You are a special kind of stupid. ALL CC transactions include a small fee of around 1% that goes strictly to the issuing bank. Thus all merchants raise their prices by said amount and guess who eats the cost??? THE CUSTOMER. Keep thinking youre outsmarting a billion dollar company. Youre a fool

[@yacovbil9711]

thank you

[@HonestFinance]

You’re welcome

[@t500010000]

Rewards! Great vid bro.

[@HonestFinance]

Thank you very much!!

[@braskabani8011]

I never carry a balance for more than 2 weeks. I throw my whole paycheck at my credit card every friday. My cash back and credit score is sky high.

[@charltonbivins3123]

Great info

[@loganbaxley4746]

How should I go about getting a 4367$ loan from dealership to buy a used 95 Jeep? My credit isn’t terrible but it’s not great. Is this possible? Thanks

[@michaeld2356]

Logan Baxley why Don’t you look into 2009 Honda Civic Same Price or Cheaper

[@HonestFinance]

Go through your local credit union and you’ll be better off

[@loganbaxley4746]

Honest Finance thank you for your reply 🙏🏻

[@emilyramos729]

Do i pay the full balance of the card immediately? Or do i make the minimum payments each month? How does this work?

[@HonestFinance]

It’s hard to explain easily, but if you don’t want to pay any interest, pay off statement bal in full. Here’s a video that should help. kzbin.info/www/bejne/goeUmpdtl7isrMU

[@donnalutheran6335]

I never thought about using cc for utility bills.

[@HonestFinance]

Some allow it 😎

[@donnalutheran6335]

Actually, idol recall looking into it now that I think of it. Most charge a fee that would cancel out any savings.

[@karinaramirez5331]

Can i pay my cc balance with another cc and then just bill pay that second card with my banking app? That way i get twice the rewards? 🤓🤔

[@HonestFinance]

Typically you have to use a bank account for payment

[@ReaveIdono]

I'm only using mine until the credit card is paid all the way off. Just finished paying for the wedding I had last week. Now credit card debt is next.

[@HonestFinance]

Get that debt out of the way! Great job

[@stargamer6912]

I just turned 18, I'm excited to get a credit card, I'm not gonna worry about not being able to pay it in full cuz I'm probably gonna be using only 100$

[@HonestFinance]

Good luck!!

[@saulsalazarjr7248]

God bless you so much for this videos !!!!

[@HonestFinance]

Thank you so much!!

[@saulsalazarjr7248]

Can you do the best credit cards???

[@HonestFinance]

Yes I will. It’s on my list!!

[@Netsfan24]

So is a credit card basically the same as a debit card if you aren't paying any credit card interest? If that makes any sense lol

[@HonestFinance]

They’re close to the same thing, but credit card transactions aren’t instant like debit cards . Here’s a video I made. Maybe it’ll help. kzbin.info/www/bejne/eJbShJ5_e7OIeq8

[@Netsfan24]

@@HonestFinance the video was very helpful, thanks!

[@HonestFinance]

You’re welcome

[@californiadreaming6560]

Thank you,

[@HonestFinance]

You’re very welcome!

[@miriamhavard7621]

"....If you're not paying any credit card 💳 interest....." 🙃

[@catherinediorr7869]

👍

[@DaveSabol]

All good content, and extremely accurate until the CU part. I'm pretty sure you have not dealt with the larger, more progressive ones. It's a shame because I think that they're a viable alternative, but statements like this really keep people away from a local/viable/personal option that competes well. Sorry that you had a bad experience with CU's.

[@HonestFinance]

I totally get where you’re coming from. I bank w big and small

[@jeffreylouism]

I never use debit card. Keep it at home.

[@jagsfanrick]

What about your debit card tied to a logo? What if you do credit instead of entering a pin?

[@HonestFinance]

It’s still a debit card even if you run it as credit :(

[@hardchooligan]

The anti Dave ramsey lol

[@gymelln.chrichlow3224]

I just found this channel... GOLD!!!❤💳🧾

[@lindaanderson279]

Great content smooth and easy. 🦢🦢🦢