Credit Cards > Debit Cards

[astrologybrother]

Just want to lay out the gameplay for brehs.

Credit Card Pros:

1. Not using your own cash.
2. Fraud Security
3. Purchase Protection
4. 1-5% cash back
5. Cardholder Points
6. Every payment builds credit history
7. Balance Transfers to turn credit into cash for a fee.

Credit Card Cons

1. Gotta pay in full to avoid paying interest
2. Must make a payment or mess up your credit score.
3. Never ever ever do a cash advance.
4. Not for the undisciplined.

Debit Cards Pros:

1. Direct Access to checking account money.
2. Can't spend more than you have in the bank.

Debit Cards Cons

1. Direct Access to checking account money.
2. Any fukkery, your cash is gone and gotta wait for bank to clear up.(could take weeks) Credit cards not tied to bank account.
3. No cash back.
4. No points.
5. No credit score boost.

Conclusion:

Credit wins because when you gotta big bill and got the cash(or not). You can put it on the card and pay it back over time.

People travel for free cause they put monthly bills and big tax bills to accumulate points over the year.

Debit Cards just for atm visits and that's it.

Anybody got other hacks or disagree?

 

[BigMoneyGrip]

Is water wet?

 

[Justise M]

I always use my credit card for the points. I just make sure it's always paid off at the end of the month

 

[astrologybrother]

Is water wet?

Not everyone know this fam, why don't you add something to benefit the community since you an expert?

 

[astrologybrother]

I always use my credit card for the points. I just make sure it's always paid off at the end of the month

That's the ideal way to play it.

 

[cobra]

always use credit cards; spent the system;'s money while investing your own
if I could pay my rent with a credit card I would do so

 

[astrologybrother]

always use credit cards; spent the system;'s money while investing your own
if I could pay my rent with a credit card I would do so

This! I heard too many folk have problems when someone scams their debit card.

 

[Aro]

always use credit cards; spent the system;'s money while investing your own
if I could pay my rent with a credit card I would do so

You can. Check out plastiq.com. I use it in order to spend the designated amount of money required to get the bonus points offered with new credit cards.

 

[Brolic]

Anybody disagree?

 

[Music Fiend]

Got so many points from last year man.

i got like $500 still I can use for whatever and mad points I'ma use to vacation with.

CC if you keep the balances low and pay it off quickly >>>>

 

[Tribal Outkast]

Anybody tried the Apple Card?

 

[UpAndComing]

LOL @ caring about paying interest

Especially if your utilization is low, the interest you pay is negligible

 

[broller]

always use credit cards; spent the system;'s money while investing your own
if I could pay my rent with a credit card I would do so

Frfr. I wish I could pay certain bills on credit.

 

[astrologybrother]

Got so many points from last year man.

i got like $500 still I can use for whatever and mad points I'ma use to vacation with.

CC if you keep the balances low and pay it off quickly >>>>

That's what good breh, good strategy. I'm looking to turn these points to some free crypto.

 

[astrologybrother]

You can. Check out plastiq.com. I use it in order to spend the designated amount of money required to get the bonus points offered with new credit cards.

Good stuff breh, I gonna look into this.