Only spend what you already have, it's really that easy. When you make a purchase with your credit card you would have already made with a debit card just pay it off right away. You don't get charged interest fees or things like that when you pay them off right away. You just receive the added benefit of security because like he says, if your debit card is stolen then you're SOL until that money is returned to you, or in the off chance your bank is really being a jerk that day you may just lose the money forever. Credit card companies 99.9% of the time will just wave the lost "money" and everyone moves on with their lives. If you really hate Credit cards and you know you can't trust yourself to not put yourself into debt, at least use Google or Apple pay. Those two systems don't keep your debit card information on them so there's no way for a thief to get your account information from them
Hate it, but I had charge dispute with BB&T and it took me a year to get it ironed out. I had. to contact Attorney General. I had false charge on credit card and takes a 5 minute call, and they placed in dispute. Do not go in debt. just pay credit card like any other bill. Many have rewards and no fee.
I told a credit card sales person in a department store that I was rich & didn't need one.Their face dropped & the didnt know how to respond.We actually have one for certain purchases or in case of an emergency.
Yes they do. Also credit card companies refund you by taking money from the business owner you're charged at. That's why some places won't let you use them at some stores. The ones that do charge you more per sale to cover fees an advent that credit companies come after them. Which is why places like WinCo are typically cheaper.
The problem I personally have with this is that while you can dispute charges on your debit card, the money is gone, and stays gone, until the bank gets around to putting it back, which can be a problem if you need that money for bills and expenses. Two days is a very good turn around time, it can take far longer. With a credit card, no money leaves your account while the dispute is reviewed.
@@granitemoss1451 Yes, the money is gone temporarily and that's the downside. I've never seen it take two days - it's always been an instant credit for me. But it's still gone until you notice. I wasn't trying to say a debit card is better, just pointing out something I thought was inaccurate.
Depends on the user. Some folks are so terrified of credit cards, the risk of having their bank account fraudulently accessed is worth the risk and clean up hassle to the them. Some people do not have an issue running up debt with their credit cards, and they feel far more secure using their credit cards within their budget and paying it off each month. I fall into the latter category, but I understand this is not what some would choose. To each their own, weigh the advice and choose for yourself.
The key is which bank you’re with. I use my debit card confidently because my credit union has robust policies. If I had to bank with one of the national banks I would never use a debit card.
So you have a credit card witch you carry with you and you can link that credit card to a debit card to pay back the money that you take out and you keep the debit card at home... Does that sound like a good idea?
@@MikePowlas Well thats where I was getting at. My bank told me when I use it as a debit card its not covered by visa. They said when I use it as a credit card it is. They said when I use it as a debit, the bank is in charge of doing the investigation and getting the money issue solved. With my bank you can use your card as a debit and put your pin in or as a credit and use your zip code. Thats where the above reply comes into play.
Clark, what about the credit unions and banks that allow you to control the debit card: turning it off and on when you need it? In the event, a card is lost or stolen or if ones identity is stolen?
Before I buy something at a store or online I unlock my card. Immediately after I get back in my car I lock my card back up. Actually I think I'll start using my phone from now on.
Instead of a separate bank account for your walking around debits, why not just buy and use a prepaid debit card? Are the fees for prepaid debit cards really that awful compared to the fees that banks for charge for low balance accounts?
Yes, as I know it, the fees on those prepaid cards really ARE that awful. The solution is to avoid fees in both places by finding a free checking account or keeping the minimum required to avoid fees in there. My bank requires a minimum $100 balance to skip paying monthly account fees. I don't like parking that money there, unused, but I like it far more than paying a monthly fee.
This guy wants me to go into debt lemme stick to my debit card
Only spend what you already have, it's really that easy. When you make a purchase with your credit card you would have already made with a debit card just pay it off right away. You don't get charged interest fees or things like that when you pay them off right away. You just receive the added benefit of security because like he says, if your debit card is stolen then you're SOL until that money is returned to you, or in the off chance your bank is really being a jerk that day you may just lose the money forever. Credit card companies 99.9% of the time will just wave the lost "money" and everyone moves on with their lives. If you really hate Credit cards and you know you can't trust yourself to not put yourself into debt, at least use Google or Apple pay. Those two systems don't keep your debit card information on them so there's no way for a thief to get your account information from them
@@warehawk the reason the wave it is because they force business owners to pay for it. Which is why someplace won't allow credit cards.
Hate it, but I had charge dispute with BB&T and it took me a year to get it ironed out. I had. to contact Attorney General. I had false charge on credit card and takes a 5 minute call, and they placed in dispute. Do not go in debt. just pay credit card like any other bill. Many have rewards and no fee.
I’m under 19 so I have to use debit but anything I buy online is by good companies
💀
A credit card puts you in debt and I don’t want to be in it. I should go with the debit card
I told a credit card sales person in a department store that I was rich & didn't need one.Their face dropped & the didnt know how to respond.We actually have one for certain purchases or in case of an emergency.
@@lordstanleyjr2015 🤣🤣🤣
a debit card feeds into the cashless society where we no longer have anonymity away from government ie. EVERYTHING is taxed
Don’t debit cards also charge substantially less fees to the merchants though? The added fees from credit cards ultimately fall on the consumer.
Yes they do. Also credit card companies refund you by taking money from the business owner you're charged at. That's why some places won't let you use them at some stores. The ones that do charge you more per sale to cover fees an advent that credit companies come after them. Which is why places like WinCo are typically cheaper.
First pay cash when you are able too.
@dev null WHEN YOU ARE ABLE TO !
a debit card feeds into the cashless society where we no longer have anonymity away from government ie. EVERYTHING is taxed
I've had the normal protections and disputed charges on my debit card... I wonder what debit cards Clark looks at.
I check my account balances every day, because it's very quick and easy online. *
The problem I personally have with this is that while you can dispute charges on your debit card, the money is gone, and stays gone, until the bank gets around to putting it back, which can be a problem if you need that money for bills and expenses. Two days is a very good turn around time, it can take far longer. With a credit card, no money leaves your account while the dispute is reviewed.
@@granitemoss1451 Yes, the money is gone temporarily and that's the downside. I've never seen it take two days - it's always been an instant credit for me. But it's still gone until you notice. I wasn't trying to say a debit card is better, just pointing out something I thought was inaccurate.
Not all banks are the same.
Clark are you trying to get Dave Ramsey to blow a gasket?! Lol great video
Dave Ramsey is not God thanks
MetalMike56 LOL, I Watch Dave Ramsey daily.
@dev null I didnt give any of them money.
@dev null I wouldn't know I fast forward through ads.
Absolutely polar opposite of what Dave Ramsey says? Who’s right?
Depends on the user. Some folks are so terrified of credit cards, the risk of having their bank account fraudulently accessed is worth the risk and clean up hassle to the them. Some people do not have an issue running up debt with their credit cards, and they feel far more secure using their credit cards within their budget and paying it off each month. I fall into the latter category, but I understand this is not what some would choose. To each their own, weigh the advice and choose for yourself.
Clark is right he even explains what to do if you still want to use a debit card.
I've had some of these happen to me with my debit card and I disputed it and had no issues.that bank reimbursed me within days.
The key is which bank you’re with. I use my debit card confidently because my credit union has robust policies. If I had to bank with one of the national banks I would never use a debit card.
I have never had a debit card and after hearing this I never will. Thank you Clark!
Your just going to listen to him so easily
@@xgenkea right lmaooo
Than you'll never get anywhere by just taking someone word about something. Sad
For me neva had any issues with my 🏦 solving charge disputes on debit.
So you have a credit card witch you carry with you and you can link that credit card to a debit card to pay back the money that you take out and you keep the debit card at home... Does that sound like a good idea?
Which will not get you into debt?
Long as the card has V/M on it you are protected.
only if you use it as a credit transaction and not a debit transaction.
@@MrYega-zq7rz Not true. Debit or credit. V or M protects it.
@@MikePowlas Not what my bank told me. They even have it in writing. Maybe it depends on the bank?
@@MrYega-zq7rz nothing to do with bank. Its visa and master that protects it.
@@MikePowlas Well thats where I was getting at. My bank told me when I use it as a debit card its not covered by visa. They said when I use it as a credit card it is. They said when I use it as a debit, the bank is in charge of doing the investigation and getting the money issue solved. With my bank you can use your card as a debit and put your pin in or as a credit and use your zip code. Thats where the above reply comes into play.
Clark, what about the credit unions and banks that allow you to control the debit card: turning it off and on when you need it? In the event, a card is lost or stolen or if ones identity is stolen?
you have to make sure you block the card sir
if someone gets the information I. it m, he can out you in serious trouble with the FBI
Debit card are the worst possible things in the world that you can use.
This very helpful, thank you
Who says you don't get protection with debit cards?i have a debit card and i get protection.
They do have protection, but it's much weaker and you're out that money during the investigation.
Before I buy something at a store or online I unlock my card. Immediately after I get back in my car I lock my card back up. Actually I think I'll start using my phone from now on.
Not true i have received my money back with my card lots of time just file a dispute
Instead of a separate bank account for your walking around debits, why not just buy and use a prepaid debit card?
Are the fees for prepaid debit cards really that awful compared to the fees that banks for charge for low balance accounts?
Yes, as I know it, the fees on those prepaid cards really ARE that awful. The solution is to avoid fees in both places by finding a free checking account or keeping the minimum required to avoid fees in there. My bank requires a minimum $100 balance to skip paying monthly account fees. I don't like parking that money there, unused, but I like it far more than paying a monthly fee.
How would you use Dave's plan, every dollar, without a debt card.
Im keeping my Debit card safe
Cash cant be hacked
Robbed
It can be stolen or destroyed.
Thanks Clark
Don't buy sketchy shit
Look after and be responsible for your things
Yes, when you spend your money, it leaves your account
What's the point of the Visa logo if there's no protection?
Marketing? Maybe they get paid for their logos? I'm not sure.