After watching Dave's videos over the last couple of weeks, I resolved to close my credit cards. I just canceled my American Express Card after paying off $8,300 today! Just say NO to credit cards!!
What Dave gave is his opinion. Not a law. I think credit cards are useful for online purchases and boosting your credit score. However, if you predict that you won't be able to pay back your debt on time, then you should simply avoid using one for that specific purchase. To recap, use it if it's convenient and safe, otherwise don't.
Amen, Dave! Credit card companies understand our human nature better than we do. They know that if they just wait, we will give in and go in to debt. Thanks for giving us the What, the Why and the How to get rid of them.
Oh man, did I get the run around when I cancelled mine. Chase waved the points at me. Amex went over all the many benefits I would miss out on. Nah, I'd rather have money.
AMEX told me that they would claw back my signup bonus if I canceled even though I had already paid the annual fee, and I was not asking for the annual fee back. Canceling in August when their arbitrary deadline passes. Never again.
When I closed my mastercard in 2008, they did not beg to keep me nor ask to lower my APR (25.99%). They simply closed it. Same for my Amex Blue Cash card, I was not offered a lower APR, it was just closed.
I don't see anything wrong with a credit card. As soon as we charge anything we enter it into Quicken, treat the charge just like any other money spent. Pay off any charges in full every month, the money is there since it is "spent" as soon as it is charged. So many places will not take a check now that a credit card is a requirement. I sure don't want to carry that much cash..................
Not even a consideration, too old to change the habit which works fine. From the day of my first credit card I did it this way and our children do also.
I actually had an easy time cancelling my Wells Fargo credit card. The most she said was "ahh, that's to bad. Why are you leaving us?" "I just don't want anything more to do with debt." I replied. That's the most she said, and she even offered to send me written confirmation.
Billy Hansen - WELLS FARGO asked why you were leaving them??? With the way they’ve been misbehaving with people’s money over the last few years, did they REALLY wonder why anyone would be cutting ties with them?
I grew up with a blue collar working class father and a stay at home. My parents rented until my dad’s father passed. My dad was able to move into his childhood home and I was lucky enough to grow up there. When my dad sold it due to a drastic turn in the community, he sold it for 5 times he paid for it. (Half From his brother). He bought another house cash. Bought a brand new car for the first time in his life at 50 yrs old. Retired at 60. Sold the house for double. Moved to a warmer climate bought a house cash. It’s now worth 1&1/2 what he paid. He’s never had a credit card. He’s never had debt. He lived within his means. It can be done.
If people spent within their means and weren't so quick to use credit cards, thus artificially driving up demand, the cost of every day items wouldn't be so much.
Your show has changed my life. You've opened my mind to living debt free and motivated me. I don't make a ton of money but with proper management and hard work I can get ahead for once.
Store associates are at the bottom of corporate hierarchy. They are there to just earn their minimum wage and do what corporate policies tell them to do. They don't care if you take their credit card or not. They won't be benefiting from it.
Used to work cashier/layaway in retail. We don't care in the slightest if you use credit or debit or our store credit card. Card reader took care of the "credit or debit" question anyway. Also, on the store credit card...I 100% agree, we don't benefit. I'm not even sure if we got commission for selling it (if we did, it was minuscule)...it was certainly the last of my priorities.
I not sure if Wal-mart still does is but my wife got a bonus for every credit card she got signed up. A buddy works at Firestone and he gets a $10 bonus for every credit card signed up and a bonus for certain types of tires that he sells.
Smartphones are horribe too. From adds after adds on w/e you do on the internet on your phone, to ppl showing off all the new stuff they have on Instagram/facebook/youtube. Money spending influences everywhere!
Thing is at least in California you can't rent a car or get a hotel room (not a by the hour kind) without a credit card. It is what it is. Debit cards even with MC or Visa logos aren't good enough. Look into it. Sucks.
The last time I used a credit card regularly and carried a balance was before the Great recession. Never again. Been 9 years or so that my financial habits changed.
My brother doesn't have a credit card. He uses debit card when he has to. He literally had a zero credit score. Rent, utilities, insurance and cell phone don't count toward your score. I think he's a unicorn!
He saved a ton while deployed and paid cash for his 2 yr college degree and now he's a manager at Publix making great money and benefits. I'm the opposite of him and trying to change. Very proud of him.
Dave, the one way that Citi Card was terminated by Citi, after YEARS of inactivity. That was the only way to get rid of it! However, not without an emotional plea, "YOU'VE been with Citi since 1980-whatever, how can you terminate such a LONG relationship?!" Bwahahahaha.....easy.....snip, snip! Thank you Dave and team!
I guess I don't understand this. Why would I say no to the cashback rewards I can get through having a credit card? It is like having a permanent discount on purchases. I am just supposed to give that up? If I am paying off the credit card each month, then what's the big deal?
My banker suggested that I need a credit card to keep up my credit score . Got it never used it and they sent me a letter that they were closing my account for lack of use . 6 years later my credit score is fine and never have had a loan or credit card so proof that score is not tied to credit cards . I realize that score is used to prove credibility in some circumstance . Went in to buy a used truck one time the sales rep insisted on running my score came back and said I was good for any car I needed , ended up not buying because he said the only way he could sell me one with a loan .
I have noticed that it is extremely easy to get into debt/bondage but almost impossible to get out from under it without punishment! Thankfully I never had credit cards but when I paid off my student loans, I took a massive hit on my credit score!!! Of course from doing my research ahead of time I did expect that to happen but it still boggles the mind that I could be punished for doing the right thing and getting RID of the debt. It's sad to see that when people finally want to give up the plastic they are punished through harassment by so called customer service reps instead of congratulated for getting their finances in order. It's such a shame, really!
I am not sure where to give this feedback, so I will do it here. I am in LOVE with the icons being used on the thumbnails on the videos. They're not only well done, but help give a concept of what is being talked about. But you can still see Daves reactions, which are always great! :)
Haven't had a credit card in 29 years. I cut mine up all those years ago and it took me 2 years to pay off the balance. I pay with cash or I don't buy. People tell me I am leaving money on the table.. okay.
I will admit, I use credit myself. I bought into the product...but I use it carefully. I keep a spreadsheet that tracks every penny i earn and spend, which I update as soon as I make a purchase. I just simply use the cards to facilitate the budgeted spending. I use the credit over debit since most of my family, and a ton of other people, got burned by card skimmers in my hometown. Regardless of the credit option on debit cards, though...it's still your account balance that is on the line. I would rather not have the $ in my own account on the line when something like that happens....Heck, even with credit, I still give card readers at pumps a good jiggle before i swipe. ATM's get the same treatment (My main use of my debit). I collect rewards too, but Card rewards are just a bonus... not an excuse to spend more than you can afford (although that IS their intention, to get you to spend a ton on it). BUT, credit is definitely not for everyone. I'm not a typical credit user; most users get themselves in trouble or cost themselves a ton of money on the high APR of credit cards...Which is how credit is a billion dollar industry. Unless you're obsessive about your finances, I would suggest following Dave's advice and avoid the card companies like the plague. Since you're watching Dave's channel, there's a good chance that you fall into the non-obsessive/non-disciplined category. In that case, you should definitely stick with Dave (and just jiggle anything you put your debit card into, if you're concerned about skimming), as it is hard to go wrong with avoiding the easiest and most effective way to get into debt in the first place. With great power, comes great responsibility ;)
I'm a SAHM with zero income and Target notified me that since I "was such a great customer" and to "help me make life eaiser" they were going to raise my credit limit.😆. No thanks!
Don't close the card, just don't use it if you feel like you can't control your spending. It will improve your credit score. No balance and long time credit.
Daryl liggins I think you will find that some employers will do a credit check on a potential employee. Having a good score is not a bad thing. Having long-term debt is.
jvolstad that’s a choice that might be right for you but it’s not the Dave Ramsey way. He doesn’t have a credit score and he advocates that for us too, even though not having a credit score may have some drawbacks in modern society. He mentions the scenario that he couldn’t rent an apartment in some buildings because they require a credit score. He could buy the building, but he would not be able to rent there. He asserts that not having a credit score and the few scenarios where that would be if a detriment , are not worth the risk of having a credit card
Marie Olsen What risk is there in a credit card? I have a couple of credit cards myself and use them all the time for for daily expenses as well as traveling. I never carry a balance and my score is 800+. I don't use credit cards to have a credit score, I use them as a tool. For people who can't control their spending, by all means cut them up. It's better however to develop self-control.
I've not used a credit card in years even though I still have some in my wallet. It made it easier to get a low interest loan for our house. The fact that three places showed 800+ credit scores even though I've NOT(as Dave often claims) gone into hundreds of thousand of dollars in debt plus interest. The most debt I'd had in all my past was $13k on a small house and before that maybe a total of $4000 debt over time(meaning not all at once). That was a long time ago though, the other credit card debt. The last charge I made was to fix a car 3 years ago and I paid it off in 2 months and haven't used it since. I don't advocate them, most people can't handle their finances well it seems due to lack of self-control, but there's no doubt it made getting a house loan and past rentals easy.
I just closed like 7 credit cards online. There's only one that won't without a hassle, so I told them my income was like 5000 per year so they will close it for me 😂😂
The only thing I think can compete with credit cards in terms of marketing is diamonds and the wedding ring. They became conflated with love, and now, if I didn't put a diamond on my fiancé's finger, I'm a terrible man.
Cancelling a CC is easy. My ex co worker did it this way. He had three cards. He payed them off. Then called them to cancel. When they asked BUT WHY get told them gexwas going to kill himself in two weeks. You are going to have dead accts to a dead guy. They all cancelled the cards. Only 1 called police 😕 When 👮 came. He explained it to them. They busted up laughing. Cop said... Well that's one way to do it 😂😂😂😂😂
Remember how difficult those open-ended 4 page papers were to write in 6th grade? You had to determine a topic and structure it from beginning to end. If you were such a person to complete these homework assignments, it was probably because you would be held accountable, therefore you had the discipline. You are such a candidate for creating financial success. You need to do it again. You need to feel those 6th grade accountable feelings again and devise a plan. You may need to devise 10 plans... If you dread + avoid those feelings, you'll never have a plan and you're going to live a mediocre life (with Dave's no-debt encouragement), at best.
I'm waiting for the "Dave Ramsey Rewards Credit Card", to add to my collection. There's the automated phone and paper statement scolding, but the points go towards your IRA.
I hate credit cards... still working to pay off my last one. However, I noticed surprising when I closed my Walmart credit card all I had to do was call and it let me close it on their phone automated service. I didn’t have to talk to anyone to do it. Maybe it’s easier to close store cards because I had a credit one card and that was was a little harder to close. The representative was trying to talk me out of it so I had to really be super super sweet and explain it was nothing against them personally just trying to get out of debt.... it worked!😊
If you have a spending issue I agree rip your cards up and get away from them but some people dont and never got into CC debt. I dont see a issue with them if you are responsible person which I guess is like 15% of people.
i am trying to pay off my last card. live on disability and its been difficult. 12,000.ugh! and i have nothing to sell except a tv that i payed 100.5 years ago
Sam Scott not if you want to get a hotel room or a rental car in California at least. Credit hold is required and debit cards with MC or Visa won't cover the hold. It is what it is. Sucks.
Not sure about that. For example, I was withdrawing $100 from BOA ATM in a not so secure part of the city. While I was sitting in my car waiting for cash to be dispensed from ATM, some guy approached my car and took my cash, while I was in state of shock. The BOA ended up refunding me the money even though cash was already out of the ATM. So I am guessing banks may reimburse you for unauthorized purchases.
Devon McGettrick Tried to tell people that when Visa and MasterCard was under $6 a share just a few years ago. It made so much sense. So today I still use my Amex Blue and Platinum Visa like a debit card with no fees,no interest payments,etc. and get over $700/mo. tax free dividends from MasterCard and Visa in my Roth account. Better than any points or cash rewards.
Have 1 and pay it off every month. I have mine through my credit union. In 0 debt and have a credit score of 753 and have plenty in savings. This is one of Dave's only dishonest positions. He has good intentions though- his position does help compulsive spenders.
I use my Amex Platinum Card everywhere, even though I have the money to buy it. I always pay it off for necessities and acquire points, so why not? We have hackers and frauds out there . A debit card is a direct line to my money, but a credit card is a direct line to someone else's money. Better to risk theirs than mines.
I recently cancelled my Best Buy credit card. The agent told me to call 1-800-whatever if I changed my mind and wanted to get another account. In the next breath she warned me that if I canceled my card I might never be able to get another one. LOL
After watching Dave's videos over the last couple of weeks, I resolved to close my credit cards. I just canceled my American Express Card after paying off $8,300 today! Just say NO to credit cards!!
Good for you Paul! keep up the good start =)
"Imagine if any other company argued with you when you tried to cancel your service"
I see Dave never done business with a cable company.
Disgusting that people allow themselves (me too) to fall for the credit card ploy. Never again, thank you Dave!
Me too! I fell for the trap a year ago, and I hate that I did that!!
Credit cards are useful if you use it wisely. Don't blame the tool, the blame is on you.
I feel smart enough to know I am not smarter than a multi-billion dollar marketing industry that preys on the poor and ignorant. No debt ever again.
Any step forward is a step forward, doesn't matter how big the step. At least you were smart enough to figure out your mistake after only a year!
What Dave gave is his opinion. Not a law. I think credit cards are useful for online purchases and boosting your credit score. However, if you predict that you won't be able to pay back your debt on time, then you should simply avoid using one for that specific purchase. To recap, use it if it's convenient and safe, otherwise don't.
Amen, Dave! Credit card companies understand our human nature better than we do. They know that if they just wait, we will give in and go in to debt. Thanks for giving us the What, the Why and the How to get rid of them.
Oh man, did I get the run around when I cancelled mine. Chase waved the points at me. Amex went over all the many benefits I would miss out on. Nah, I'd rather have money.
AMEX told me that they would claw back my signup bonus if I canceled even though I had already paid the annual fee, and I was not asking for the annual fee back. Canceling in August when their arbitrary deadline passes. Never again.
When I closed my mastercard in 2008, they did not beg to keep me nor ask to lower my APR (25.99%). They simply closed it. Same for my Amex Blue Cash card, I was not offered a lower APR, it was just closed.
I don't see anything wrong with a credit card. As soon as we charge anything we enter it into Quicken, treat the charge just like any other money spent. Pay off any charges in full every month, the money is there since it is "spent" as soon as it is charged. So many places will not take a check now that a credit card is a requirement. I sure don't want to carry that much cash..................
Sorry, this made a wrong turn.
No problem. I use my debit card for everything now. If I don't have the money, I don't buy it until I do.
Have you thought of making that change?
Not even a consideration, too old to change the habit which works fine. From the day of my first credit card I did it this way and our children do also.
To each their own, then. Sounds like you know the true value of a dollar, hence, why you can use a credit card and not go into debt.
I actually had an easy time cancelling my Wells Fargo credit card.
The most she said was "ahh, that's to bad. Why are you leaving us?" "I just don't want anything more to do with debt." I replied. That's the most she said, and she even offered to send me written confirmation.
Billy Hansen - WELLS FARGO asked why you were leaving them??? With the way they’ve been misbehaving with people’s money over the last few years, did they REALLY wonder why anyone would be cutting ties with them?
The fake account opening fiasco was kind of a bad thing 😂
I grew up with a blue collar working class father and a stay at home. My parents rented until my dad’s father passed. My dad was able to move into his childhood home and I was lucky enough to grow up there. When my dad sold it due to a drastic turn in the community, he sold it for 5 times he paid for it. (Half From his brother). He bought another house cash. Bought a brand new car for the first time in his life at 50 yrs old. Retired at 60. Sold the house for double. Moved to a warmer climate bought a house cash. It’s now worth 1&1/2 what he paid. He’s never had a credit card. He’s never had debt. He lived within his means. It can be done.
If people spent within their means and weren't so quick to use credit cards, thus artificially driving up demand, the cost of every day items wouldn't be so much.
Your show has changed my life. You've opened my mind to living debt free and motivated me. I don't make a ton of money but with proper management and hard work I can get ahead for once.
No credit cards in my life. And at the stores associates give the look when I day that I don't want one. 😂😂😂
Suyapa Opina Credit cards are normal for most people, and most people are broke!
Store associates are at the bottom of corporate hierarchy. They are there to just earn their minimum wage and do what corporate policies tell them to do. They don't care if you take their credit card or not. They won't be benefiting from it.
Used to work cashier/layaway in retail. We don't care in the slightest if you use credit or debit or our store credit card. Card reader took care of the "credit or debit" question anyway.
Also, on the store credit card...I 100% agree, we don't benefit. I'm not even sure if we got commission for selling it (if we did, it was minuscule)...it was certainly the last of my priorities.
I not sure if Wal-mart still does is but my wife got a bonus for every credit card she got signed up. A buddy works at Firestone and he gets a $10 bonus for every credit card signed up and a bonus for certain types of tires that he sells.
UnConventional That is not true. They have quotas to meet just like any other sales person.
Smartphones are horribe too. From adds after adds on w/e you do on the internet on your phone, to ppl showing off all the new stuff they have on Instagram/facebook/youtube. Money spending influences everywhere!
Thing is at least in California you can't rent a car or get a hotel room (not a by the hour kind) without a credit card. It is what it is. Debit cards even with MC or Visa logos aren't good enough. Look into it. Sucks.
The last time I used a credit card regularly and carried a balance was before the Great recession. Never again. Been 9 years or so that my financial habits changed.
My brother doesn't have a credit card. He uses debit card when he has to. He literally had a zero credit score. Rent, utilities, insurance and cell phone don't count toward your score. I think he's a unicorn!
Utilities report to your credit. I dont know if they affect your score but they re on there
Your brother in a genius.
He saved a ton while deployed and paid cash for his 2 yr college degree and now he's a manager at Publix making great money and benefits. I'm the opposite of him and trying to change. Very proud of him.
American excess lol what a pun
American Distress was a gem too 😂
Not a credit card. Money! Loved that one :)
Dave, the one way that Citi Card was terminated by Citi, after YEARS of inactivity. That was the only way to get rid of it! However, not without an emotional plea, "YOU'VE been with Citi since 1980-whatever, how can you terminate such a LONG relationship?!"
Bwahahahaha.....easy.....snip, snip!
Thank you Dave and team!
what's in my wallet? lint
SuperPhdiva You are a super smart cookie!
Hahahahhahahahahah same here I'm with you borther lint and money there both just just as good to have
I guess I don't understand this. Why would I say no to the cashback rewards I can get through having a credit card? It is like having a permanent discount on purchases. I am just supposed to give that up? If I am paying off the credit card each month, then what's the big deal?
Concealed carry permit. To tell you what's in my jacket.
A discount on everything isn't so good when you're paying interest on your own money.
My banker suggested that I need a credit card to keep up my credit score . Got it never used it and they sent me a letter that they were closing my account for lack of use . 6 years later my credit score is fine and never have had a loan or credit card so proof that score is not tied to credit cards . I realize that score is used to prove credibility in some circumstance . Went in to buy a used truck one time the sales rep insisted on running my score came back and said I was good for any car I needed , ended up not buying because he said the only way he could sell me one with a loan .
My card was easy to cancel. Just had to make a call. They gave a halfhearted attempt to keep me on with some deal. I said no, and they canceled it.
Chalan Johnson
Pretty simple to cancel.
I figure this person was a cash cow for them.
One company tried to entice me with a 0% balance transfer. When I told them I had no debt to transfer there was crickets.
I have noticed that it is extremely easy to get into debt/bondage but almost impossible to get out from under it without punishment! Thankfully I never had credit cards but when I paid off my student loans, I took a massive hit on my credit score!!! Of course from doing my research ahead of time I did expect that to happen but it still boggles the mind that I could be punished for doing the right thing and getting RID of the debt. It's sad to see that when people finally want to give up the plastic they are punished through harassment by so called customer service reps instead of congratulated for getting their finances in order. It's such a shame, really!
A thing that everybody buys that is not a necessity is a cell phone.
I am not sure where to give this feedback, so I will do it here. I am in LOVE with the icons being used on the thumbnails on the videos. They're not only well done, but help give a concept of what is being talked about. But you can still see Daves reactions, which are always great! :)
Haven't had a credit card in 29 years.
I cut mine up all those years ago and it took me 2 years to pay off the balance.
I pay with cash or I don't buy.
People tell me I am leaving money on the table.. okay.
What about pharmaceuticals/prescriptions? They must be a close second, LOL
Necesity
I will admit, I use credit myself. I bought into the product...but I use it carefully.
I keep a spreadsheet that tracks every penny i earn and spend, which I update as soon as I make a purchase. I just simply use the cards to facilitate the budgeted spending. I use the credit over debit since most of my family, and a ton of other people, got burned by card skimmers in my hometown. Regardless of the credit option on debit cards, though...it's still your account balance that is on the line. I would rather not have the $ in my own account on the line when something like that happens....Heck, even with credit, I still give card readers at pumps a good jiggle before i swipe. ATM's get the same treatment (My main use of my debit).
I collect rewards too, but Card rewards are just a bonus... not an excuse to spend more than you can afford (although that IS their intention, to get you to spend a ton on it).
BUT, credit is definitely not for everyone. I'm not a typical credit user; most users get themselves in trouble or cost themselves a ton of money on the high APR of credit cards...Which is how credit is a billion dollar industry. Unless you're obsessive about your finances, I would suggest following Dave's advice and avoid the card companies like the plague. Since you're watching Dave's channel, there's a good chance that you fall into the non-obsessive/non-disciplined category. In that case, you should definitely stick with Dave (and just jiggle anything you put your debit card into, if you're concerned about skimming), as it is hard to go wrong with avoiding the easiest and most effective way to get into debt in the first place. With great power, comes great responsibility ;)
I'm a SAHM with zero income and Target notified me that since I "was such a great customer" and to "help me make life eaiser" they were going to raise my credit limit.😆.
No thanks!
10 credit card for one person?!?!?! crazy.
You can close a card online, you just send a secure message when logged into ur account
Don't close the card, just don't use it if you feel like you can't control your spending. It will improve your credit score. No balance and long time credit.
jvolstad you only need a credit score to borrow money. That’s why Dave does not believe in using them
Daryl liggins I think you will find that some employers will do a credit check on a potential employee. Having a good score is not a bad thing. Having long-term debt is.
jvolstad that’s a choice that might be right for you but it’s not the Dave Ramsey way. He doesn’t have a credit score and he advocates that for us too, even though not having a credit score may have some drawbacks in modern society. He mentions the scenario that he couldn’t rent an apartment in some buildings because they require a credit score. He could buy the building, but he would not be able to rent there. He asserts that not having a credit score and the few scenarios where that would be if a detriment , are not worth the risk of having a credit card
Marie Olsen What risk is there in a credit card? I have a couple of credit cards myself and use them all the time for for daily expenses as well as traveling. I never carry a balance and my score is 800+. I don't use credit cards to have a credit score, I use them as a tool. For people who can't control their spending, by all means cut them up. It's better however to develop self-control.
I've not used a credit card in years even though I still have some in my wallet. It made it easier to get a low interest loan for our house. The fact that three places showed 800+ credit scores even though I've NOT(as Dave often claims) gone into hundreds of thousand of dollars in debt plus interest. The most debt I'd had in all my past was $13k on a small house and before that maybe a total of $4000 debt over time(meaning not all at once). That was a long time ago though, the other credit card debt. The last charge I made was to fix a car 3 years ago and I paid it off in 2 months and haven't used it since. I don't advocate them, most people can't handle their finances well it seems due to lack of self-control, but there's no doubt it made getting a house loan and past rentals easy.
I just closed like 7 credit cards online. There's only one that won't without a hassle, so I told them my income was like 5000 per year so they will close it for me 😂😂
The only thing I think can compete with credit cards in terms of marketing is diamonds and the wedding ring. They became conflated with love, and now, if I didn't put a diamond on my fiancé's finger, I'm a terrible man.
Cancelling a CC is easy. My ex co worker did it this way.
He had three cards. He payed them off. Then called them to cancel. When they asked BUT WHY get told them gexwas going to kill himself in two weeks. You are going to have dead accts to a dead guy.
They all cancelled the cards.
Only 1 called police 😕
When 👮 came. He explained it to them. They busted up laughing.
Cop said... Well that's one way to do it 😂😂😂😂😂
Remember how difficult those open-ended 4 page papers were to write in 6th grade? You had to determine a topic and structure it from beginning to end. If you were such a person to complete these homework assignments, it was probably because you would be held accountable, therefore you had the discipline. You are such a candidate for creating financial success. You need to do it again. You need to feel those 6th grade accountable feelings again and devise a plan. You may need to devise 10 plans... If you dread + avoid those feelings, you'll never have a plan and you're going to live a mediocre life (with Dave's no-debt encouragement), at best.
I'm waiting for the "Dave Ramsey Rewards Credit Card", to add to my collection. There's the automated phone and paper statement scolding, but the points go towards your IRA.
I hate credit cards... still working to pay off my last one. However, I noticed surprising when I closed my Walmart credit card all I had to do was call and it let me close it on their phone automated service. I didn’t have to talk to anyone to do it. Maybe it’s easier to close store cards because I had a credit one card and that was was a little harder to close. The representative was trying to talk me out of it so I had to really be super super sweet and explain it was nothing against them personally just trying to get out of debt.... it worked!😊
If you have a spending issue I agree rip your cards up and get away from them but some people dont and never got into CC debt. I dont see a issue with them if you are responsible person which I guess is like 15% of people.
i am trying to pay off my last card. live on disability and its been difficult. 12,000.ugh! and i have nothing to sell except a tv that i payed 100.5 years ago
Im so happy i ruined my credit at 19 so i wasnt able to get car ..or credit cars ..thank God..i just owe a couple hundred for a 600 dollar loan
I think them with the jab is trying to take the cake of that title.
nothing anyone says or does will convince me to get a credit card
You are on the right track. Well done.
Debit card works for me!
Sam Scott not if you want to get a hotel room or a rental car in California at least. Credit hold is required and debit cards with MC or Visa won't cover the hold. It is what it is. Sucks.
I have a credit card I need a way to pay for spotify, propane, car rentals, hotels, I also have more money in my bank account than my credit limit.
Just curious... If someone steals my credit card, the bank absorve the blow. If someone steals my debit card, I loose that money.
Not sure about that. For example, I was withdrawing $100 from BOA ATM in a not so secure part of the city. While I was sitting in my car waiting for cash to be dispensed from ATM, some guy approached my car and took my cash, while I was in state of shock. The BOA ended up refunding me the money even though cash was already out of the ATM. So I am guessing banks may reimburse you for unauthorized purchases.
It's the NRA currently on the number one spot.
I love credit cards, free money!
Until the bill comes due
@@hmmichael438 nah i just only spend what I would anyways and pay it off at end of month
I closed my TD bank CC and its still listed on my online acct. 6m later.
Buy stock in VISA!!!
Devon McGettrick wow
It makes a lot of sense...they are a very strong company and America has an obsession with debt. If Dave is right then ViSA is a smart buy.
Devon McGettrick
Tried to tell people that when Visa and MasterCard was under $6 a share just a few years ago.
It made so much sense.
So today I still use my Amex Blue and Platinum Visa like a debit card with no fees,no interest payments,etc. and get over $700/mo. tax free dividends from MasterCard and Visa in my Roth account.
Better than any points or cash rewards.
BlackWorldTraveler who do you go with schwab to invest?
Hugo Lizardi Schwab and Fidelity
I enjoy my credit card and ordering a pizza does not constitute an emergency.
I am keeping mine do not care what anyone says.
Have 1 and pay it off every month. I have mine through my credit union. In 0 debt and have a credit score of 753 and have plenty in savings. This is one of Dave's only dishonest positions. He has good intentions though- his position does help compulsive spenders.
I use my Amex Platinum Card everywhere, even though I have the money to buy it. I always pay it off for necessities and acquire points, so why not? We have hackers and frauds out there . A debit card is a direct line to my money, but a credit card is a direct line to someone else's money. Better to risk theirs than mines.
Josh cash is a direct line to saving money
I got my first credit card app at 32
I wrote a letter and it was cancelled
I like the new thumbnail pictures now. 😁
I still adore Jennifer Garner
Can y'all, Dave's listeners, pray for me today to sell a millstone of a property that I have? Thank you! :)❤️❤️❤️❤️
I can't wait to get my Amex Platinum life goal.. lol I'm kidding
Bitcoin is in my wallet.
Good one!
I recently cancelled my Best Buy credit card. The agent told me to call 1-800-whatever if I changed my mind and wanted to get another account. In the next breath she warned me that if I canceled my card I might never be able to get another one. LOL
Just send a secure message through the site. I closed 2 very easily with a quick, friendly request.
um Dave we prefer to say peoplekind. That way it’s more inclusive.
Thank you. Being progressive doesn't mean we don't want to handle money, and Dave Ramsey has a thing or two to learn from us as well.
thejokerspeaks I’m not agreeing with you I’m making fun of progressives. Lol.
I like the new thumbnail pictures now. 😁