5 Reasons Why I Stopped Using Debit Cards (You're Losing Money)

Published on January 10, 2024

Best YouTube videos about Tribute Credit Cards, Student Credit Card, Credit Scores, Debt Management Counseling, and Using Which Bank’s Credit Debit Card Can You Avail, 5 Reasons Why I Stopped Using Debit Cards (You're Losing Money).

I HATE DEBIT CARDS! In this video, I’m going over why I stopped using debit cards and only use credit cards now. The perks and benefits of credit cards are just too big, and you should do the same if you care about free money. This is an ultimate credit card vs debit card showdown, but there is a clear winner.

I use credit cards to travel for free, stay in hotels, and earn cash back every time I shop. It’s literally a free rebate on purchases 🙂 So with that perspective, that’s why I think debit cards are ruining your life. You’re missing out on huge benefits that can increase the quality of your life if you pay cash or use debit cards.

In this video, I go through:

  1. Cash back credit cards – how to earn cash back on purchases using credit cards
  2. How to get free flights (particularly through Chase’s travel portal with excellent redemptions)
  3. Travel perks of credit cards, such as free lounge access, showering at airports, etc
  4. Building your credit score. Debit cards are hurting your credit score!!
  5. Sign up bonuses – how I have accumulated almost 1,000,000 points through credit card bonuses. This is the process of credit card churning.

Disclaimer – credit cards are not for everyone. Stay tuned until the end to get my thoughts on who and who should not use credit cards.

Thank you for watching!

⭐ Guess what! I’m releasing my 6-Figure YouTube Academy in the next month and I want you to be a part of it. This 100+ module step-by-step course gives you the exact formula for building a successful YouTube channel. Check it out here:
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My 5 Sources of Passive Income That Make Me $35,000 Per Month:

-Charlie

#DebitCardsSuck #FreeMoney #Perks

Disclaimer: Some of the links above may be affiliate links, which means that if you click on them I may receive a small commission. The commission is paid by the retailers, at no cost to you, and this helps to support our channel and keep our videos free. Thank you!

In addition, I am not a financial advisor. Charlie Chang does not provide tax, legal or accounting advice. The ideas presented in this video are for entertainment purposes only. Please do your own due diligence before making any financial decisions.

► My Instagram: https://www.instagram.com/charlie__chang

Using Which Bank's Credit Debit Card Can You Avail

Using Which Bank’s Credit Debit Card Can You Avail, 5 Reasons Why I Stopped Using Debit Cards (You're Losing Money).

Bank Reconciliation – Comprehending Why It Is Essential For Your Online Business

There is absolutely nothing to fret about these loans. A loan provider will be focusing on your education, experience, service plan and its expediency. No Credit Examine: Dealing with an aspect is not credit based.

5 Reasons Why I Stopped Using Debit Cards (You're Losing Money), Search popular updated videos relevant with Using Which Bank’s Credit Debit Card Can You Avail.

Journey Into An Online Business

When selecting a bank why not talk with some of the friendly staff about what you are searching for in an account. Everyone is different; therefore there isn’t a one-size-fits-all service.

For any businessman, it is difficult to get one of the appropriate company loans. Lenders and banks may require some files that may be hard to supply. The process is sometimes stringent and complex when you get a company loan. Credit approval is not that ensured. Even if it is supported by Small company Administration for funding the loan, it can’t meet most of all service. Although there is an increase in those individuals who are acquiring for one, it is not that easy to get a service loan.

Running an organization is hard, but your Business Banking doesn’t need to be. You’ll be pleased to understand that the very same activities and keeping an eye on capabilities are offered for service clients if you have your Business Banking set up with Wells Fargo.

An important thing to know is that with this card, you will have a far better opportunity of getting a lower interest rate that you will not be able to attain with others kinds of Credit Cards. This is a great card to utilize for anybody that is attempting to attain an improved credit report.

More personal loan providers – there are all types of personal loan providers out there. Some focus on particular industries, some will provide you money for almost anything however they charge outrageous rate of interest, and others are aiming to buy long-term companies. It will just refer you doing some legwork and discovering the dancing partner that you need.

If some one wants to go for a lower loan amount, and for a shorter amount of time, then an unsecured loan can help him in this regard. It is recommended for individuals, who are searching for little Business Loans to go ahead with this loan type. The whole loan procedure is fast in case of an unsecured loan alternative. Because of the reality that the processing of the loans does not include evaluation of security, this is. Less paper work even more reduces the hassles of getting loan.

Don’t opt for cards with 2 billing cycles. A lot of cards have a single cycle for payment. There are some, nevertheless, that will deceive you with two cycles. The truth with two billing cycles is that the interest you require to pay will be based on your balance for the previous month and the current month. Typically, you will not find out whether the company practices this until you read their terms and conditions.

Do you need more cash to grow your company? You can raise the money you require with a small organization loan through private loan providers. Secure their loan with high equity tough assets as collateral. Utilize the excess cash to fund your company, payoff credit cards, pay your mortgage, or practically anything else you desire.

But the rate of interest would absolutely be high as they are unsecured. Pre-paid Credit Cards allow you to put money into them so that you can spend them anywhere they are accepted. Do you require more cash to grow your business?

Request for the branch supervisor and not the brand-new accounts sales lady. It can be costly, especially for bigger loans. You might be needed to provide information about your company concept to the lending institution.

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