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The TRUTH about Credit Cards (Rich vs. Poor) #creditcard #money #rich #poor

Frames The TRUTH about Credit Cards (Rich vs. Poor) #creditcard #money #rich #poor

Description The TRUTH about Credit Cards (Rich vs. Poor) #creditcard #money #rich #poor

Comments The TRUTH about Credit Cards (Rich vs. Poor) #creditcard #money #rich #poor

Im poor and its not all that bad Comment from : Kou Xiong

Thanks you VG Comment from : VERONICA Graves

I wonder what warren buffets credit score is probably zero Comment from : Jeet Patel

Why do rich people need a loan for a house if they are rich It’s like taking a loan for a pair of shoes I can pay in cash right now Comment from : Jeet Patel

but never let the expenses on your credit card go over 70 limit Comment from : Shiva patra

Only people who can't manage their finances properly think credit cards are bad They are only bad when you have poor discipline and spend beyond your means The secret to getting the things you want is knowing how to take of advantage of leveraging debt and getting rid of it before interest eats you alive Comment from : JB

Common sense Comment from : Eric A

Mark Cuban doesn’t use credit cards Comment from : Alisha

I love me some Vivian She’s on top of her game when it comes to this finance some!! You have a subscriber for life sis! Comment from : Alpha majestic

cash rich and credit poor IS OLD DIRTY TRICKS FOR BLACKLISTED CRAZY RICH CHINDO CONGLOMERATE WHO PARKED THEIR MONEY IN TAX HAVEN SINGAPOOR LATER USED THE EXCEED TO SUPPORT CLINTON CAMPAIGN WHEN HE WAS AN ARKANSAS GOVERNOR HAHAHAHAHAHAHA THE WHOLE DODONAZION MOST LIKELY KNO' THE TRICKS AND SINGAPOOR CLAIMED AS SAFE COUNTRIES (TO LAUNDER DIRTY MONEY( WAGAGAGAGAGAGAGGA Comment from : MEMEG BLEBER

Flawed logic Comment from : MaybeDont

Credit card works only for those people who are already cash rich and don't "need" the credit card and have huge amount of financial discipline Otherwise credit card will just lead to bankruptcy Comment from : Mona B

Plus you can invest the money to pay the bill for 4 weeks before you need it… Comment from : Allmy4gems

Yes!! My husband & I started this in the early 90’s! We arranged to pay utilities, mortgage, property tax & even cars on credit cards! Took 2 or 3 to buy a car bc of limits… We even paid for expensive things for my mom & dad & they wrote us a check to pay for the item! They raised our credit limits on the cards all the time bc we always paid in fullbrwhen the bill was due We flew everywhere, stayed in great hotels & had nearly free rental cars! And of course we paid for the flights, hotels & car rentals with the mileage cards too (double dipping!) Comment from : Allmy4gems

Wht that credit limit Comment from : Pavel Dalessandro

My dad always jokes that banks hate him for this Comment from : Emily Naitoh

I have never used word press, but doesn't this encourage people to attempt to find credit card info and people who sells them I came across successful plug bRicch dawg/b who guide me thru my processes 👆🏼👆🏼 Comment from : Wilkins-HIT UP RICCHDAWG ON TELĘGRÀM

I’m a victim of this, racking up to get 5k of fraudulent transactions and while I was in the middle of getting paid I thought I won’t hit but bRicch dawg/b proved me wrong and I get paid 🔝 Comment from : Tornel Kingsley @ RICCHDAWG ON TÈLEGRAM

I confirm she’s right Been doing this for years 820 credit score Traveling almost for free Comment from : AR

Baby girl is covered in Van Cleef’s 🍀 ❤ Comment from : Your menace

It’s sad that this isn’t common sense Comment from : Hoanglong Le

Wrong banks still make money off rich people using credit because they make money off merchant fee every time you swipe that card Comment from : PLow

"Credit is for people who don't have any money"Ted Turner Comment from : NURREDIN

i still didn’t understand it? can someone make me understand in baby language pls? Comment from : Tarsun Euqah

I like your channel but I disagree with this I think this is misleading with credit card usage What’s not understood is people who are wealthy, didn’t use this as a means to get “rich” Ppl think they’re getting blessed with points but in reality, even if you pay off your card every month, you’ll still spend on average 8 more because you delay the payment until your bill arrives It’s more of a subconscious psychological effect Comment from : Chuck Miggs

Sucks to be a American Comment from : Sebastian Muder

My boss taught me to do this with vacations He practically gets half off when he travels because of the points he gets He saves money from our bonuses to pay it off It was a huge game changer for me Comment from : MoonBunnies

I tend to stay away from credit cards as much as possible because I always have high interest I'm making better money now and my credit is much better than it used to be but I still have the same high interest rates Is this something that can take care of that? Comment from : Mysticblue1212

Advice on getting out of credit card debt when you're already in it? I'm kind of buried under some dumb choices I've made in the past with money Comment from : Lotus Blossoms

This looks like a bad copy of Erika 😅 Comment from : Tatty Uki

Btw I'm loving wealthfront!! I signed up when I saw your TikTok about it and I love how easy it is Comment from : Roxanne F

Followed! Comment from : TheKennybit

The rich keep the poor, poor Comment from : Matts Baking

My parents never even bothered with a credit card Now, they aren’t rich, but they do well They managed to get a brand new car with 0 interest due to their amazing credit All debit card here! They do well! Comment from : Calebxstoller

Yep! Love using my credit cards for points! Comment from : April Nicole Samuels

Since age 18 I've been using my credit card since the beginning, I've only used my debit by mistake less than 10 times in 12 yrs of having a credit card, use the banks money not urs, but due to fractional banking n corruption of many banks, behind the scenes of algorithms, it's just a front, but a virtual front to cover their use of our money towards their investments n loaning out to others to use, but always utilize credit, use debit to pay off credit, dont sign up for excess cards, keep it simple with 1 or 2 sets of cards based on which categories u like spending on, don't get the new debit/credit 2 in 1 card, just a cover up to get u to use ur debit/cash Comment from : Pi Neo

Damn I was just trying see some YouTube shorts but instead I got called poor HAHAHAHAHA Comment from : Andrea

Agree on everything, except I wonder why people keep buying things from LV which used to make lampshades and bags out of the skin of people killed in nazi concentration camps 🤮 Comment from : Irina

There should be an after or before video explaining how to manage a credit card by treating it like a debit card in the sense that you pay it off immediately after you use it and not at the end of the month Comment from : Cheese

Or be a chad and max out the credit and don’t pay it off 100 cashback 😂 Comment from : Camil0 _Uwu

YAZZZZ❤👏🏼 that was good Comment from : Blessed Bythebest100

Rick ppl don’t use personal credit Comment from : Baby Doll84

I'm from a third world country where credit scores aren't such a big thing but I've been doing exactly as our richbff is doing for the cc rewards 😄 Comment from : Vanessa Baldicanas

Cash back It paid for Christmas gifts last year 😃 Comment from : betina newkirk

no one thought me about this but this what i do from start i go my CC 😉 Comment from : Low-key Profile

You don't have to be rich to do this either You do have to make more than your spending, though It is so sad that people on hard time get screwed like this! Comment from : warriorpoet525

Um 😐 brThe credit card makes money with the purchase charge everytime It’s why you are being “rewarded” brWhy companies charge less for cash payments Comment from : Sundown

I am Dutch I've only ever had a debit card Only people with money would get approved for a credit card I am 33 now and still don't own a credit card BUT I also do not have ANY debt what so ever Comment from : ninana143

Better still avoid credit cards and save some $$ each month and spend only what you can afford within yoir salary Comment from : Lily Rose Soul007

Do this but need to pay cards off in full I find it easier to charge everything to my credit cards anyway Comment from : Chan Marr

😗 Comment from : FqllingMadi

Well, not quite High credit card usage will ding your credit score I pay off my credit cards every month in full, and I use my credit cards like debit cards However, I get dinged on my credit score for using more than 10 of my credit limit It's not a big ding, but it is a factor I'm more inclined to take the slight hit to my credit score Also, some credit cards have annual caps for their rewards, after which, your cash reward is reduced until the card anniversary Comment from : terminaldeity

Facts, booking another trip with my points and just paying the tax on itwith my credit card Comment from : kev2020

You didn't mention the transaction fees the card companies charge the businesses per swipe Comment from : tace21491

I just get further and further into debt until I’m rich or until the banks implode and the economy crashes 😊 Comment from : A B

I’ve been doing this since I got a credit card but I can’t say I’m “rich” now 😢 The rewards and cash back tho as much better than paying in cash for sure! Comment from : Camtoterz

Yeereah!!! Whatever…DO NOT SPEND WHAT YOU DO NOT HAVE Comment from : Alembebi Pelegrini

Amex expects you to pay it off in full monthly Better curated deals and points for members Comment from : Alexis Youn

Absolutely! Comment from : yo yoli

❤️🙏🏿 Comment from : Diane Towles

Rich people don’t use credit cards for rewardsthey use them to shift liability and for anonymity Comment from : Queen Cormie

I’m not rich but I always pay my credit in full before closing date Comment from : Damaris Alberto

You don’t have to be rich to pay off your card in full Comment from : TheMagicKnightress

What’s the best cc for airplane travel? American Express or sapphire? We have a business Comment from : Magical Unicorn

I do this, though CC companies make the most money from merchant transaction fees, not interest Pro tip - set your card limit to an amount you can pay off in a month or two, so it can't get out of hand even if you're not great with money Comment from : Artemis Hallihan

FAQ!! Comment from : kii whee

"Banks don't make money off of rich people"brThey do When you go to get a loan, there is interest Interest goes into the pocket of the people/bank that loaned you that money brPeople can do what they please I personally refuse to get a credit card I'm only 20, but I prefer to pay for things with cash or debit Comment from : C Z

Absolutely Correct Comment from : Mike Thompson

Our 😊 economic system 😊 is so 😊 broken 😊 I hate 😊 this stupid 😊 place Comment from : meh

Slight knock Credit card companies make a significant amount of money from people who put all their purchases on their credit card and pay it off It’s called swipe fees that the merchant pays on their end It’s a very lucrative business that brings in more income for the CC company than interest payers Why do you think Amex has an entire business built around their charge cards It’s a huge money maker Comment from : Lawrence Garcia

Always Never missed a payment Never made multiple payments Pay in full Comment from : T Hunni

I'm not rich, I always do that Comment from : MadameWesker

question: dont credit cards charge interest either way even if you pay the full amount or the minimum? im so confused 😅 Comment from : Tia C

no lies Comment from : Autobot Diva

And this doesn’t only apply to rich people You can use a credit card for all of your purchases but you just have to spend what you can afford and always pay in full Comment from : Adrian Rios

What are the rewards??????? Comment from : Ash Iff

For the life of me, I don’t understand why people would go beyond their means with a credit card Treat it like a debit card and tackling it from that pov alone will have you well off in terms of your habits Comment from : Karl Dela Cruz

I would hire you lol you’re so useful Comment from : Cassyme

This is the number one rule my sister toldme whwn usong credit cards: Always pay in full Do not revolve 😁 Comment from : doanne biteng

Yeah, and why do they reward you ? Because that data is far more valuable to them as to how they squeeze you harder and harder, for more of your money in the long term Stop giving all your habits and data, stick to cash Comment from : Waffle_chair

People who know how to invest and manage money are very cautious about this aspect Comment from : Mia

I love our CSP cards! Comment from : Modern Day Mom

The banks make money still They get paid for the transaction Comment from : J C

I do this But not everybody can afford to pay off a credit card each month 🙄 Be careful getting into this unless you can afford to pay the credit card off in full like she mentioned or pay alot more than the min payment Its a risky game But it works if you work it right Comment from : Leslie Pyles

You sure this is the same for black people? I hate to even say it like that but I have seen a lot of my friends pay off their credit card and it literally lowered their credit score Comment from : Carlton Goss Jr

Sure thing Comment from : Nancy Kane

Exactly ❤ Comment from : Nina

Thank you credit card people 2022 you paid me $2830 in cash back to buy the things I wound be buying either way I've not paid interest in forever now!!! Comment from : TONYA MILLER

Well credit cards need to step up their game I get 4 back in ethereum which earns interest unlike credit card reward which are an interest free loan to them It also tends to appreciate over time Comment from : Bonanzaking

I went from being poor to making 6 figures I can say this is very true! Comment from : Annie Jayy

Does anyone know how much she makes annually? Or her net worth? Just curious what qualifies her as a "rich bff" Comment from : Kirarasdemonx

Agree 🎉 Comment from : Yoga with Concha

All sounds great unless you’re the retailer on the other end When we get those types of cards at our business, we are charged way higher rates to take them Small businesses don’t like them at all Comment from : Nancy Hurt

Don't have a credit card Got good credit score from paying my tuition and paying off my loans Comment from : KPepper L

I'm not rich but I put everything on my charge card including internet service, phone bill, and car insurance payments I pay the entire balance every month This helps me to control and know my expenditures and qualify for rewards Comment from : Go To Guy

Yes, I always forget that a credit card is technically a short-term loan because my mom never used it that way and I never have We're definitely not rich, but at least credit card companies never made money on us! Comment from : Audrie King

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