GO CHECK YOUR DEBIT CARDS NOW!!

[The Devil's Advocate]

what type of world do you nikkas live in where y’all expect people to stop using debit cards

some of y’all say the dumbest shyt sometimes

They’re right though.

if you get paid $1000 a month, it is smarter to pay that all on a credit card and pay it off with the cash immediately than to pay with a debit card.

 

[The Devil's Advocate]

Man I have to do it the same day - aint no way in hell I'm lumping all those charges together at the end of the month. My discipline ain't like that.

I'll have 5K balance with 5K in my checking

You can do it daily. There’s nothing to say you can’t pay your credit card off 2 seconds after you put a charge on it.

 

[aXiom]

Actually if you call your bank if you lose your card/hacked, they freeze the account right then & there.

Besides like other posters said, I check my accounts daily. So if their is any funny business going on, I'd catch asap.

And if you're on vacation, that becomes a problem. See where I'm going with this?

This happened to me last week while I was out of the country. I didn't even care.. I simply had the credit card company mail me a new card and reverse and charges that I didn't recognize. Took all but 5 mins of my time and I simply continued using one of my other cards. At no time was my actual money at risk or was I at risk of losing access to it.

 

[Mr. Jack Napier]

They’re right though.

if you get paid $1000 a month, it is smarter to pay that all on a credit card and pay it off with the cash immediately than to pay with a debit card.

Or you could just use your debit card & keep your credit card usage low.

 

[Master Teacher]

lmao at using credit cards for day to day purchases, credit cards are for major purchases you can pay off over a few months

only reward points worth anything are if you fly a lot or have a business where you buy a lot of gas, like somebody who owns trucks

lmao at using the institutions money, you have to pay it it back, it doesn't make any difference if you buy with the debit card right there or pay it back at the end of the month you are still paying lmao

The only way to financial success is making more money, all credit does is put you in debt

 

[Obreh Winfrey]

When I used just my credit card, my credit score dropped almost 10 points. That ever happen to you wealthy folks?

Credit scores fluctuate all the time. It happens to us wealthy folks too.

Irrespective of nobody answering OPs question , people are saying use a credit card over a debit card so that you insulate yourself from fraudulent charges. If someone gets your debit card info and spends your money, shyt is gone. Good luck. Someone gets your credit card information and spends your institution's money, you dispute the charge. Link your checking to the credit card as a payment method and then pay down the transactions as they post - aka treat the credit card like it's a debit card. Only spend what you can afford. This isn't some disconnect between rich/poor or some weird ass black community infighting. If you couldn't afford to buy it with your debit card, you wouldn't buy it at all. Same applies to the credit card. If you don't have enough in your account to cover the charge, don't buy it .

With how many apps are available these days to monitor your finances, nothing should be a surprise. Nobody can charge my card without me getting a notification. Matter of fact, you can't even slide me money without me knowing about it. Set up alerts. Look at your accounts frequently. Understand where your money goes and when. Use the internet to browse more than sports, hip hop, piff, and porn .

 

[old pig]

STOP USING DEBIT CARDS!!

basically.

if dudes have lousy credit or for w/e weird reason don’t believe in having credit/credit cards, then at least get a prepaid card for minimal exposure smdh

I use debit cards at the ATM for emergencies only so basically never at this point

 

[ThaBronxBully]

You listen to Dave Ramsey? Why?

I Listen To Anyone And Everyone, And Sort Their Opinions Out

Some Things He's Right About, Some Things He's Wrong About

Imagine Not Being A Sheep And Looking At Everything This Way Instead Of Being Told What To Think By A Buck The System YouTuber Who's Net Worth Is Less Than Dave's

You Can Argue W Dave About His Credit Policy’s And Investments (Which EVERY Investment Can Be Debated) But It’s Hard To Argue With Him About Getting Out Of Debt And Investing In General For Your Own Good

I’ve Listened To Dave, Yes

And My Wife’s Student Loan Was Paid Off With His Advice (35k)

Credit Cards Paid Off With His Advice (8k)

Our Wedding And Honeymoon We Paid In Full, Out Of Pocket With His Advice (25k)

Nice Trip To Hawaii Fully Paid Out Of Pocket In 1 Payment

I Just Bought A Piece Of Property And Fully Renovated It OUT OF POCKET, While Putting Down 20% On It, My Mortgage Is $901 After Paying Extra I Plan To Have It Paid Off In 8 Years

I Have A 20k Emergency Fund

I’m Taking My Family To DisneyWorld In November I Don’t Have To Make Installments On That Trip Cause I’ve Learned Through Discipline How To Save And Afford The Trip

So Yeah I Listen To Dave And I’m Not Some White Guy On A Phone Call, I’m Not Anywhere Close To Rich Either I’m Just An Average Dude So Theres My Testimonial

I Also Have Several Investments That Have Nothing To Do With His Advice And Would Probably Be A Direct Turn About Of His Advice

I Also STILL Use Credit Cards (Close Your Ears Dave!) And Have Utilized The “Pay Yourself Back” Feature That Essentially Gave Me Free Dinners And Flights

So Yes I Listen To Him, And I Take What Works And Use It, I Don’t Worship His Opinion, And That’s My Track Record For It, Feel Free To Share Yours

I

 

[Bubba T]

When I used just my credit card, my credit score dropped almost 10 points. That ever happen to you wealthy folks?

If you carried a balance at your statement date, and that is reported to the credit agencies, your score could drop, depending on the balance relative to your overall credit card limits.

 

[old pig]

And you could be getting points, miles, or cash back

this…but some folks like to pretend to be “pious” when it comes to using credit when the likely reality is that they have bad credit/owe money

 

[aXiom]

lmao at using credit cards for day to day purchases, credit cards are for major purchases you can pay off over a few months

only reward points worth anything are if you fly a lot or have a business where you buy a lot of gas, like somebody who owns trucks

lmao at using the institutions money, you have to pay it it back, it doesn't make any difference if you buy with the debit card right there or pay it back at the end of the month you are still paying lmao

The only way to financial success is making more money, all credit does is put you in debt

You're easily one of the lowest IQ posters on this site.

 

[Master Teacher]

You're easily one of the lowest IQ posters on this site.

Who are you?

You can't even offer an intelligent response but I have the low IQ

you're an idiot

Credit accounts can be closed or the limits reduced at any time, like they did in 2009 and which they will freeze credit lines again soon

only broke people use credit

So making more money doesn't equal financial success lmao

but acquiring more debt is a better idea and I have low IQ

Stop being a fukking coward and just say I hurt your feelings, and you're mad at me for some post in the past

you're a grown man with the mind set of a child, kill yourself

 

[old pig]

The coli too good for debit cards now

if that’s what you walked away with then you’re a fukking idiot

it’s about minimal exposure to your direct account so shyt like the OP described doesn’t happen

 

[Bubba T]

Who are you?

You can't even offer an intelligent response but I have the low IQ

you're an idiot

Credit accounts can be closed or the limits reduced at any time, like they did in 2009 and which they will freeze credit lines again soon

only broke people use credit

So making more money doesn't equal financial success lmao

but acquiring more debt is a better idea and I have low IQ

Stop being a fukking coward and just say I hurt your feelings, and you're mad at me for some post in the past

you're a grown man with the mind set of a child, kill yourself

Ok breh, this is not even close to being true lmao

 

[Rawtid]

So what’s the correct advice?

We live in a country where most people are obese… are dieticians just supposed to accept that most people aren’t going to stop eating unhealthy and don’t want to get out and exercise?

Edit: I have always thought like y’all thinking but I was hurting myself. Once you get caught up in the overdrafts it’s too stressful cause you looking at that looming zero balance. Wife be like “Hey let’s go out to eat” and you’re like in your soul.

Once those rewards stack up, you can feast on that. My BIL, get use his credit card for work and pay it back with the reimbursement. Him and his wife stay in Ruth Chris using nothing but gift card from reward points.

I don't think it's a right or wrong thing, just a matter of exercising preferences based on your personal situation. A credit card creates a bill for bills I already have to budget for, so I prefer to use the money I've allotted for those things.

I am also a person that will over spend when using a credit card so it's just not my preference and cash back or reward points don't excite me. Investments control your overall wealth or lack thereof, not using a credit card.

If my budget was tight to point I couldn't go out randomly to dinner, a credit card would be the last thing I'd rely on. LOL I'd sit my broke ass in the house and find something in the fridge.