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Why rich people ALWAYS pay with credit cards ?? #lawyer #erikataughtme #shorts

Erika Kullberg 2 views

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I too thought it was more secure I ran into an issue It's closed the account once I paid the debit for a service never received Thief is all I can call her
Comment from : @suemehun

I’m not sure who she has bank accounts with, but on the rare occasion that fraudulent charges have shown up on my debit card, my bank has always refunded those charges
Comment from : @projectalice8119

The theory is great The psychology is not People in general cant handle Credit
Comment from : @ShrewAdventures

I cant stand these Dave Ramsey people, i use only credit cards and pay them off each month, i put al my subscriptions and groceries on my cards and even pay my rent and it all works out fine And i can guarantee you Millionaires and Billionaires use high end credit cards The only rich people who use cash are rappers because they want everybody to know they have money lol
Comment from : @KCBOSS-j9s

Amen 🙏🏾🤎
Comment from : @ivymaleah4801

I had no idea I always thought the opposite 💡😮
Comment from : @masterj4777

Those that say they have trouble with credit cards and occur credit card debt, have no finicial resposibility You never use more than you are able to pay My mother built her credit for many years and in the end had all of her credit cards at 10k with no interest from how long she had been using them
Comment from : @PumpkxnQueen

Dave Ramsey enters the chat
Comment from : @arhumahmed441

I disagree You know nothing about credit cards and debit cards In Visa terms, protect the customer on both sides Learn your facts on thingsbefore you make a video
Comment from : @Penlandadam

It looks like your Noter Dame football team is doing it this year 😉 Hope all is well with you
Comment from : @lilramborambo4399

Cringe
Comment from : @ColdHardToronto

I pay for ALL inventory using AMEX Platinum Got bonus 250k and fly a lot using the points also Chase Sapphire great rewards
Comment from : @guambroker

In India, you can use your credit card to buy even the smallest amount I buy 05$ candy with a credit card
Comment from : @aazamben

it’s always easier said that done tbh
Comment from : @wavyd05

except most people have no control so
Comment from : @HunterXTwitch

Exactly
Comment from : @vinceancheta

I just started doing this last year
Comment from : @nowic249

This is not true Debit Cards also have the same federal law now Infact, if you have a Visa , Mastercard or AMEX, Discover card (credit AND DEBIT) come with $0 liability protection
Comment from : @SethuSenthil

I've been saying this for years Turn on automatic payments Don't go above 30 to grow credit faster And i make hundreds back every year on stuff that I pay for normally **Now i never go out of my way to buy stuff with offers that I wouldn't normally buy
Comment from : @epicraptorman

Equivalent to almost half the American debt was perfomed in credit card transactions last year (over $15 Trillion)
Comment from : @ArcGlowingVision

Pay your card off every monththe real key is: do NOT over spend !!! be a smart consumer save money -- do not buy needless stuff
Comment from : @blairsterling6141

Very true but on the flip side who has money to pay their entire credit card off within the month Let’s say you buy a new refrigerator for 3-4K The rewards points will be on the card but by the time you rack up a considerable amount of interest from the principle you might as well say those rewards are in the red
Comment from : @Itsmelucky4

Had a credit card before and I didn’t like it I financed a car before and I didn’t like it neither I use cash or debit card No credit at all
Comment from : @er9319

You can use your debit card just like a credit card
Comment from : @shangrilaladeda

Credit cards can be useful but you have to make sure you're using them correctly Using them incorrectly will get you into debt and that is terrible Before you sign up for a credit card, make sure you do your homework on that card and fully think it through and only use it if you know that you will be able to pay it off before interest becomes a factor
Comment from : @fiddlerjack

For years I've only used cash back cards for almost all my purchases Made several thousands in rewards I'm sure to just never carry a balance I don't get why everyone doesn't do this It's not hard If you're not responsible just set a reminder every week if you have to to go in and pay off the card
Comment from : @jflsdknf

Nice 👍
Comment from : @LP-dj

This could work but you definitely have to have a certain mindset and attitude towards money
Comment from : @jbw9113

Seriously, this! I was taught to never carry a balance on my credit cards and I charge everything not only because it's safer, but because of rewards I've never paid interest on a credit card
Comment from : @elizabethvanorden3028

She's smart and hot
Comment from : @briancrawford69

This is not true at all your debit card is Federally insured just like a credit card , the exact same amount 😂😂😂
Comment from : @Operation-Reality

Be careful young lady, debit cards now have the same theft and fraud protection as credit cards You're correct about the payment strategy though 😂
Comment from : @vaughncowan4055

Just remember you have to pay it back and have to remember that something might happen
Comment from : @MiRodr

Accurate IF you pay off cards in full every month Thats the part most miss
Comment from : @Rolando-SE

People who have a debit card pinbr👇
Comment from : @acatnamedlily

Yep You don't want your bank account drained
Comment from : @TheCatD

Make sure to give billionaires interest on all of your purchases!
Comment from : @dg321_

Dave Ramsey would like a word
Comment from : @NATURALGAMING

This is the worst advice No one acutally pays of the balance every month On top of that debt cards have the same protection as credit cards
Comment from : @frankmansfield4202

Credit cards aren't difficult, just don't use them if you're poor
Comment from : @waffles87

Abagnale’s Philosophy
Comment from : @thestrixchannel3128

You pay CC fees on bills that you do not pay with BPAY or Debit cards depending on the bill and the rewards do not offset those ridiculous fees Also you can keep a limited amount in your debit account so not really a great point
Comment from : @kod5660

Not, if you run your debit card as a credit card you are still protected by visa
Comment from : @brandontroupe7809

Thanks Erika!
Comment from : @bh9262

I fly around the world once a year using my airline rewards
Comment from : @spanishmeatloaf7901

That’s not true, your just liable if the pin is used Otherwise it works like a credit card😊
Comment from : @Fernandito104

It important to note it’s Not the full balance but the statement balance that needs to be paid in full every month to avoid interest
Comment from : @Aleeka-qw2xb

You're reading from a script
Comment from : @Boxy071

False Debit cards have the same protection as credit cards…
Comment from : @Willldy92

Credit cards>Debit cards
Comment from : @wesmyone9562

False, debit cards have the exact same protections
Comment from : @foxtrotdeltausn4757

It's not really credit if you're paying it off right away Might as well stick to the debit and never get caught overspending And debit cards have all the same protections as credit cards
Comment from : @TiredoldFox

You can spot a wealthy person if they have the American Express Centurion Card It has no set limit
Comment from : @lollipopcorndog

Visa debit cards have the same zero liability protections against fraud as visa credit cards
Comment from : @justin266

Plus, some credit cards have additional benefits like a loss-damage waiver when renting a car
Comment from : @lvega5606

Will be switching from debit to credit very soon
Comment from : @bettersoundforbetterlife501

Legally much safer? Whatever that means
Comment from : @Marcosmercado67

No wonder why MrBeast uses Credit Cards in his videos instead of Debit Cards
Comment from : @pikachupower0025

and that credit card is?
Comment from : @lilpandanesegirl

No it’s not ☠️ brIt has the same coverage
Comment from : @jz19912

Credit cards are only for financially responsible people brAll others pay interest
Comment from : @4WithHope

Pay for everything w/ CC, get the airline miles and & increase credit rating
Comment from : @JulieRosa-jn2ot

How do you keep a smile while speaking? Lol
Comment from : @missionaryfilmmaker2600

Dave Ramsey would disagree
Comment from : @gilbertcarrasco5737

Credit cards are great if you pay the balance off In full before the statement closes! Plenty of cc offer cash back and it’s like they’re paying you to use their cc It’s only worth it if you don’t pay interest!
Comment from : @MarieKhris8

How do they use your debit without your pin
Comment from : @DouglassBubbleTrousers89

why turn down cash back? I've received thousands of dollars over the years
Comment from : @darylfoster7944

I use debit, keep a low balance in that account in case of fraud It’s paid off, don’t have to worry about credit card fees
Comment from : @Solitude47152

My bank will give me 100 back It will take 6 months, but every penny will be returned
Comment from : @justinkaufman495

Oversmart people Doomed for failure
Comment from : @adipratapsinghaps

I have now flown twice with just rewards, one international and one domestic I say thats a W
Comment from : @calicat7855

Airline credit cards are like 35 Interest 😅
Comment from : @strawberryme08

I would choose debit but id rather see what it would be like if i had a credit card
Comment from : @JOE-DJ-114

Credit cards are a great tool
Comment from : @DMRCapitalHill

Most Debit cards have the exact same policy and many states require it, not to mention most debit cards are tied to one credit card company or another such as Master Card or Visa!
Comment from : @Poppy_love59

You have the same protection on a visa debit card as you do with a visa credit card Rich people don't use credit cards
Comment from : @Notsosamurai1

It's very difficult to fly; book a hotel; live without a credit card, as shops often do not take cash (bank cards can be emptied by thieves)
Comment from : @ChrisCaledon

❤❤❤
Comment from : @princessgigiking

Advice that only applies to a small percentage of people and most of them live in America
Comment from : @tdchopping8666

How does the thief know the debit card pin? 😅
Comment from : @hahafunny988

The Credit Card is a way for the government and Banks to control you
Comment from : @themkgamer7125

Best credit card rewards for airline points? I would love to travel first class as well😅😂
Comment from : @clips7701

The reason rich people don't recommend the credit card is not because it has no advantages But it is because most people cannot handle debt They buy things they cannot afford This results in interest
Comment from : @giannispapailiou5794

This's been my understanding--lower financial risk with credit card & if I owned a small biz which I'm about to, I wouldn't wanna hand out debit cards to an employee because--as conveyed here--it pulls cash instantly from the checking account
Comment from : @lacesout8292

Never heard of anyone getting rich from credit cards If you lose your debit card, call the bank and lock it
Comment from : @PF_Goat

credit card annual fees?
Comment from : @polopatrick3246

imagine bro said we don't pay with credit
Comment from : @stal13i

Bank propaganda
Comment from : @captainfatfoot2176

Guys DONT FORGET CREDIT UTILIZATION! Keep it low at first and keep going up over time
Comment from : @skatergirl1759

Dave Ramsey: 😲🙉😡
Comment from : @soonerdave01

Is the federal law same in every country? Cause it happened to my dad Someone stole his CC and my dad still got to pay all the loan
Comment from : @rindiwilliana23

The rich don’t use credit card because they use banks and take out a loan and invest it on business that pay-off handsomely Thats why middle class use credit card because the banks don’t trust them with a bank loan And also credit cards loans doesn’t benefit the rich because it’s not tax deductables
Comment from : @Elly-gu5wn