Why Credit Cards Are A Scam - Honest Ads

Video quality	The size	Download

Information Why Credit Cards Are A Scam - Honest Ads

Title	:	Why Credit Cards Are A Scam - Honest Ads
Lasting	:	4.55
Date of publication	:
Views	:	4,5 jt

First rule for credit cards: DON’T GET A CREDIT CARD!brLive with money you have
Comment from : @DexterHR

I applied for 5 credit cards over 2 years All 5 were no annual fees Paid my balance in full Never paid a dime in interest and got a 1000 dollars in welcome bonuses
Comment from : @chrisroio1219

I have never carried a balance and have always paid the balance in full When I was a kid, and worked at a bank, we called folks who did that, "FREE LOADERS"
Comment from : @johngranato2673

Use a card with air miles so at least every 3 yrs you can fly round trip for free & get 30 off of car rentals or hotel bills
Comment from : @BCTMB

Never go into debt Ever
Comment from : @Veldazandtea

Don't get into the cycle of I have no money so I have to use the credit card It's an emergency I paid off the credit card but now I have no money again Gotta use the credit card because it's an emergency Don't get into that cycle
Comment from : @thiccmcmustard9408

What this video failed to say was without credit you can't get certain financial jobs you can't get an apt manual underwriting could increase your mortgage by 3 could increase your car loan by 5 be responsible don't buy things you can't pay off in a month listening to this guy will make your life harder don't believe me go and ask a car dealer what a car loan looks like with little or no credit ask a mortgage company about manual loans you will see
Comment from : @Troy-nc5br

I am officially bankrupt which means bank can kiss my hairy azz 🍑
Comment from : @owjanshahmiri7038

delshrug/del I pay off mine pretty easily
Comment from : @BoyKagome

I've had credit cards for three decades and never paid any fees other than exchange rate charges when traveling Pay the balance every two weeks I make several hundred dollars in rewards every year for buying stuff I would have bought anyway
Comment from : @Noah_E

Smartest thing I ever did was emigrate from the US 40 years ago
Comment from : @spacelemur7955

👏👏👏👍👍👍👍👍👍👍
Comment from : @kellyng6976

I love this guyi cancelled all of my credit cards only have 1 with a 200 dollar limit and only use it to pay 1 phone subscription thats it
Comment from : @andrewrazo3895

est lesson I learned in life from my accounting class teacher Credit Cards are made to substitue the feeling of loss spending money represents The exacy same reason they use colorful poker chips at a casino
Comment from : @jackeldridge4225

As the money keep losing value, they are becoming more expesive to print/mint and keep up paid by you in your taxes I can imagine a better way of spending my taxes This video is quite off My credit card serves me ell, always pay it in full and paying no interest on it And I have protections, which physical money don't have Seriously, this was a desperate attempt
Comment from : @DvonN

At RogCo Financial Services, we offer several financing options, including the HortonCard And heyat least we can't send over our friends to beat you up if you don't pay it back We just sue you and force you into bankruptcy
Comment from : @markh6687

Idk I LOVE credit cards They have paid me thousands over the years and I haven't paid them a penny more than my original balance due each month You do need common sense to use credit cards, I will say that This video is a scam
Comment from : @devinlowe5505

Thank you I been telling people this for years they don't listen They crack I mean credit addicts lol
Comment from : @Rashaadthegr8

This was one of your weaker parodies brThe credit card related stuff was fine, but I don't agree with a single thing you say about debit cards They are way more comfortable to use, and work reliably in many European countries
Comment from : @gediminasmorkys3589

The 1st rule is pay cash, or in my case debt card No bill, no interest, no problem
Comment from : @Number6_

The rule with credit cards: Use them as much as you want; just make sure you pay the statement off balance when it's due so you NEVER have interest on thembrbrLike seriously, my credit card is 22 interest rate!!!!!!!brbrErgo, ONLY spend as much on them as you can afford to pay off every month
Comment from : @OgdenM

👣🌏😇👍
Comment from : @AWayOfLiving84

Favorite line, "Why use grouse paper covered with pictures of dead guys when you can use my square piece of dinosaur card with numbers on them"? Looool!
Comment from : @biyisimoyan6252

0:57 "Purchase your online subscription to watching what used to be free" Damnthe 90's kid in me felt that like a little finger poke of death to the gut Yeah now I need Hulu to go back to watch classics 90's shows like Married With Children and The X Files
Comment from : @dcpunisher4781

This is the truth about how the credit card companies actually feel about us They truly got us all in deep debt!
Comment from : @nightowl5475

There is one genuinely good use for a credit card—not carrying cash Just make sure to PAY IT BACK ON TIME
Comment from : @sonicmastersword8080

love you, roger
Comment from : @h7opolo

J E W SbrBlame them
Comment from : @ExpeditionEsoterica

It's just expensive middle-men all the way down
Comment from : @danielgrant3946

Hey Roger, I'm what you boys call a "deadbeat"- that pesky kind of credit card customer that treats your plastic card like a debit card and never spends more than I actually have!brbrWhy does that make me a "deadbeat"? Well, it's because I get to use the plastic piece of trash that breaks after a few years every day and pay it back in full (or more if I don't feel like doing math) on every biweekly paycheck I get! That means no charge ever lasts a full billing period and I never accrue interest- I even have a No-Fee card so you make even LESS money off me, and I STILL get cash back! brbrI can even afford those silly little tips you encourage restaurants to use to up the transaction fee- because I still make more money off you thsn you do off me, directly, and nothing pleases me more than knowing you are paying me to pay them to pay you less than what you started withbrbrYou can up my credit limit all you want- it just ups my credit score and makes it easier for me to get a mortgage when (not if) the real estate market comes crashing down like the Hindenburg and banks start fighting over people who still actually have money like me for survival! brbrI know perfectly well that you would close my account if you could because you know perfectly well that I cost you more than you make off me, but you are legally obligated to serve customers like me so you can legally justify your exorbitant interest rates to the suckers!brbrThanks for all your hard work for me, Horton, and thanks for all the blood money you give me because I outsmarted your little game!
Comment from : @NotAGoodUsername360

Credit cards are a great way to get free money I only use credit cards for cash back and other rewards I always pay off the card as soon as I use it Nobody's charging me interest, the devil is a liar 😂
Comment from : @clementineslaughter6904

Interest is what's needed to ensure people pay back on time If it didn't exist, what's the incentive to loan? Out of the good of your heart?
Comment from : @VargasJulio39

I've been saying this shit for years
Comment from : @MrNiceGuy80

You only get the benefits of the "Stuff" and "Cash Back" mentioned in this video if you don't treat credit cards like money you don't have but instead like a device through which you spend the money you do have Don't outspend what you can pay, and pay off monthly (or more than monthly, even, to be safe), and credit cards may even benefit youbrbrEasier said than done, to be sure Not trying to deny that But personally I've never payed a single $ in interest so all the cash back / points is actually stuff I'll be able to use for my own life and not just to continue the ceaseless cycle of debt that the companies selling you the cards want
Comment from : @deadlyshizzno

Hortons got his piece in every cake! Black stone haha
Comment from : @ChuckleHoneybear

Hilariously accurate! 🤣
Comment from : @cuteguy9358

I started with a 200 dollar secure card to start building my credit Eventually I got an actual credit card I now have 13,000 of available credit between multiple cards that I use sparingly and make sure to always pay off Having it has been pretty clutch during some unexpected times If you can, never spend more than 30 percent of your credit and never miss a payment It goes a long way
Comment from : @yoosufsamir

Unfortunately soon the system is going to break down and nobody will pay off their credit cards
Comment from : @leakedclipsdaily

Great vid - they should show it in schools
Comment from : @eltonlovell9898

I see that knowing how to use a credit card is not common knowledge
Comment from : @joshuawalker6863

One of many reasons why Interest is not permissable in Islam Allah knows the best!
Comment from : @faikyesilyaprak8761

Dave Ramsey sponsored this video
Comment from : @malikware4786

If you actually utilize credit cards correctly, they're great Pay the balance off every month so you don't accrue interest You also utilize the benefits a credit card offers (a lot of them have 1-2 cash back) The best reason to have one is to avoid transaction fraud Buying something online? Use a credit card as getting your money back from a scam is super easy As to where a debit card is much harder resolving fraud and takes time because they have to start an investigation
Comment from : @ToleranceGamingPro

credit cards are not remotely like ponzi schemes
Comment from : @j158

Is it really that hard for you guy to not spend money you don't actually have? It's also entirely legitimate to charge interest on a loan, because there is a time value to money, as well as all things in life The price of getting into a house earlier is that you pay interest No one is forcing you to only pay the minimum payments on any loan you take outbrbrHonestly a lot of you guys deserve to be poor Just too stupid and too little self control
Comment from : @ciswhitemalewithextraprivi7898

At least in my state, there is a 3 year statute of limitations on debt collection They can continue to come after you for the debt, but they cannot sue you for it However, if you are ever contacted after that time, NEVER admit you owe the debt, this restarts the "debt clock"
Comment from : @gearsofwar3xXx

Credit cards are a huge advantage to have if you know how to use them correctly Also, don't buy what you can't pay It's just that simple
Comment from : @happygolucky143

@calebhammer
Comment from : @zectation

I MAKE thousands off of Credit cards each year Be smart However, if everyone were smart, it would not be profitable for CC companies to offer such benefits (mainly cash back) “Fortunately“ 🤷‍♂️ , (for me, not humanity), This will never happen
Comment from : @user-mo3zu9wo5r

If you know how to use them right, credit cards are essentially free money
Comment from : @DragonRider520

I don't plan to ever have a credit card One day I opened my mail and I realized: man, I know I'm not gonna use a credit card, but I'm almost offended no one has offered me one Lol I'm glad I've never gotten one of those pieces of junk to throw away, but I wonder why
Comment from : @Nsix4

Worst Debts to Have:brStudent Loans (don’t believe the government It’s a scam)brCredit cards (at least you can file bankruptcy on these You can’t do this on student loans)
Comment from : @Petoskey116

This video is for idiots
Comment from : @RobertLW

24,99 interest over a year? Here in Brazil its around 11 PER MONTH! 😢
Comment from : @pberlanda4450

All you have to do is put the statement balance on autopay
Comment from : @sasukesuite1

I dont get it Is this america thing? I never had trouble with cards I spend only my own money from it And never heard this problem in europe
Comment from : @aDm219

I'd say, the number one rule is to not have a credit card Use only the money that you have And don't buy unnecessary stuff
Comment from : @o0AlexG0o

Hahaha hilarious!! 🤣🤣🤣
Comment from : @hadrianos1

Having a credit card is not a bad thing as long as you're sensible or responsible with it, mainly by not buying shit that you don't have the money for in the first place or going on a crazy spending spree acting like if you won the lottery, I personally use mines for major purchases over £100 or online purchases mainly for consumer protection reasons plus it can boost my credit score, but most of the time i try to avoid using it as much as i can
Comment from : @GoodGuyChucky-666

The incredible thing about this video is that almost nothing was exaggerated We're laughing at the pure reality we live in
Comment from : @projectx5154

You can always be smart and beat them at their own game I make about 80 bucks a month in cash back, paying things that I would have to buy anyway Only buy things that you could pay with cash anyway
Comment from : @EddieKM

If credit card ads were honest, they show a group of prisoners who run the prison bending over the new prisoners
Comment from : @robedmund9948

Make one for cash!!!
Comment from : @floridaman6982

Holy Jesus 😂 you guys are hilarious
Comment from : @nickgutierrez4536

Credit cards are extremely useful if you use them properly Great cash back, and it’s an interest free loan for a month or two as long as you pay it in full by the due date… why wouldn’t you get a credit card???
Comment from : @ryanklemmer5415

As headstrong financially aware individual Credit cards only helped me to save money brvery useful tool which helped me track my expense and helped me to take Better financial decisionbrJust follow two simple rule br1always pay complete due amount within due datebr2 Never spend more than what you already have in your savings account
Comment from : @AmandeepSingh-dv7jy

What I buy 1000$ bicycle and I save safe 30$, I go and negotiate 1100$ bicycle from 850$, well dead people take all the money
Comment from : @aleksandrgoriunov1198

👍👍
Comment from : @mikeadler434

I make good perks off my recycled plastic dinosaur card Just pay it off every month Its not rocket appliances At the end of the day, some folk cant be helped Whether its drugs, fast food, laziness, crime or anything Alot of people just make bad choices Whats the alternative, give the government more power to regulate our personal and financial lives? Screw that Freedom isnt free and the idoits that cant manage a credit card will not be used as an excuse to invade my life
Comment from : @danielmoyle5503

Thanks for keeping it real gray haired 🙏🏻😕
Comment from : @00Noontide

I would love to have a credit card that blares out, "Ooga, ooga"
Comment from : @quartytypo

Its not even hard I owe $0 interest What is 30 of interrst if my balance is $0? Just pay as you go I have 4 credit cards and never owe any interest This guy is dumb like most people here on the comment sections
Comment from : @EpimKi

Every school should play this to students lol Good training here on why you should not spend unneccessary
Comment from : @ll0047

Is there a Spanish version of this video so I can send it to my wife?
Comment from : @joee1235

Kevin heart and his cash back
Comment from : @Deus-In-Nobis

I think most reasonably intelligent people understand that you should pay off your balance before the end of the monthly cycle As long as you remember to do that, using a square piece of dinosaur carcass with numbers on it is preferable because you get cash back and it's easier to dispute transactions
Comment from : @telescopicS627

so true lol
Comment from : @montagecentral2280

Credit cards are the stupidest thing that's been accepted by the majority of the world
Comment from : @lazarlol4132

Guess who invented it to satisfy its greed
Comment from : @tothepoint4080

Best description of cash back I've ever heard: br"It's like you're digging yourself into a hole, and we throw in a handful of dirt to help you get out, but we only do that after you dig another 5 feet deeper"
Comment from : @JiisTube

Credit cards, a great way to pass on debt to your future self
Comment from : @ewanski0848

I never understood why people would spend the money they don’t have Guess I never will Use your debit card and control your finances
Comment from : @goldengilmaky6788