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928,701 Views • Sep 7, 2021 • Click to toggle off description
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Views : 928,701
Genre: People & Blogs
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RYD date created : 2022-04-09T16:09:41.675769Z
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YouTube Comments - 3,859 Comments
Top Comments of this video!! :3
The one area you are wrong Dave. I’m spending $2K every month and pay it off every month. I get a 2% CASH REBATE ! I get zero using a debit card/check. I have no other debt. Some people have discipline.
606 |
I love how they completely ignored the question...there is no problem doing this
56 |
Getting $20 from spending $1000 with credit cards is better than getting $0 from spending $1000 in cash or debit cards
322 |
I just got $570 back on my card that I never carried a balance on. If you truly pay them off every single month then they are no different than a debit card.
1.4K |
Dave has a lot of good advice but he is just mathematically wrong on this issue. Getting free money for purchases you were going to make anyways is smart and efficient.
2.8K |
Made $800 cash back this past year and paid 0 dollars in interest/fees. 99%of the purchases were essentials, gas ,food ect. Used the cash to pay the card bill. Where and what did I Lose? Nothing.
131 |
Never did they answer the question. They just immediately got offended that someone would ever question their program, proceeded to call everyone who uses credit cards stupid, and… nope that was it.
130 |
I would respect Dave WAY more if his attitude wasn’t “everyone who disagrees with me is stupid” have some humbleness sir
2.2K |
I waited the whole video for them to make a point and then the video ended
95 |
I use a credit card every month and have never not paid it in full. Not once in 52 years. I get to use someone else's money for anywhere from 15-45 days. And yes, I get free airline miles. And being a 73 year old multi-millionaire, I can afford all the other costs of vacations. I have also used miles to book flights for friends and family especially when there is an emergency.
So what is wrong with this? One size does not fit all. Your mileage may vary.
9 |
I use my credit card all the time. I'm a real estate guy so it makes sense for me. My problem is that Dave talks down to people like we're stupid.
56 |
This is hilarious.. They created a fake argument and then called you stupid.
229 |
I think Dave disagrees with the strategy because the temptation to get into debt is so easy. But if you are disciplined and only charge what you would've charged on your debit card then it can make sense for some people: utilities, insurance, groceries, gas, etc. I actually take the 2% I accumulate and apply it to my balance every few months.
1.7K |
not using CC's is literally just leaving 2-5% discount on the table. just use it correctly and you will literally profit from them
53 |
3k a month on groceries, diapers, gas, parking, household items (stuff I'd buy with a debit card regardless) I pay in full EVERY month and pay $0.00 interest and $0.00 annual fee. I get 2% cash back. Dave is TOTALLY WRONG about this one, and calling people stupid because of it shows he's been too rich for too long and no longer can relate to everyday Americans.
29 |
Booked a flight on air Berlin for the whole family years back with my cc. That year, air berlin declared bankruptcy, and I lost my tickets. Called my cc company, got refunded. If I paid with cash, that money would have been lost.
603 |
The problem with the Chuck E Cheese analogy is that I don't HAVE to spend money there. However, I HAVE to buy groceries, I HAVE to pay utilities, I HAVE to pay for my phone and internet. If CC companies want to give me points for spending money on necessities I would've otherwise paid cash for, be my guest. That's money I don't have to spend later when redeeming for flights, hotels, and meals while sharing experiences with my family and friends. Additionally, what factual evidence did Dave actually provide against paying off CC other than calling his viewers "arrogant"? When you start name calling, you know you lost the argument.
1.4K |
To each their own, Dave. I'm a self-employed IT consultant who used to do things your way. I have multiple credit cards that offer rewards, and most do not have annual fees. I just read my 2023 Amex report, and it shows that I earned $1,921 in rewards from purchasing fuel, groceries, and business expenses with the card. You always miss that neither I nor others carry balances and pay ridiculous interest amounts. The balance gets paid in full each month, and I reap the reward of this money. $1,921 may seem like a little money, but it covers my entire auto insurance bill for the year. Who in their right mind wouldn't take advantage of this free money when done correctly? Thankfully, I'm doing fine and won't be eating beans and rice, rice, and beans. :)
12 |
Yes, Dave, the people that pay off the card every month and pocket the rewards CAN beat the CC companies at their own game. It’s the ones that carry a balance and spend frivolously that are getting taken for a ride.
69 |
@abdel0697
2 years ago
When he says “you need to spend $1000 to get $20 off” is completely missing the point. I’m going to spend that $1000 regardless on bills, groceries, food, etc.. if I can get an extra $20 off then hey why not
4.7K |