Why Credit Cards Are A Scam - Honest Ads

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Название	:	Why Credit Cards Are A Scam - Honest Ads
Продолжительность	:	4.55
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I got a credit card ad before the video 💀💀💀
Comment from : @atomtheprotogen

I searched on YouTube for hours and this is the only honest video I found
Comment from : @stephenraho549

I love this 😅
Comment from : @hellosaysandrew

It's a rectangle, not a square
Comment from : @ygzpdygzpd700

I have ZERO credit cards I have ZERO debt I have one of those recycled soda bottles, but it's a stand in FOR the strips of presidential paperbrDebt is NOT a tool If you can't afford to buy it in cash (ASIDE FROM A HOUSE), you can't afford it
Comment from : @jomahawk7488

1:40 - not really, cash requires secure storage and to be transported to a bank Most companies would prefer you to use a card that bdoesn't/b offer rewards
Comment from : @eldrago19

$3,000 bonus from 4 Chase VISAs i bought a car with an paid off instantly Can't believe they pay $750-$900 to use a card once 825-850 FICO still
Comment from : @tightwad

The joke is on them I don't pay that particular bill, and I'll die one day Lol
Comment from : @duttdits

Imagine if you have a hint of self control and therefore this video would be useless
Comment from : @nosafetyswitch9378

Credit cards are fine if you pay them off, this is cringe
Comment from : @orenturnbough7042

I got an ad for a credit card when I clicked on this video lol
Comment from : @zelkremskyholder1239

sorry Roger, but i actually make hundreds every year using credit cards responsibly
Comment from : @levisguy53

Credit cards are loan sharking under a different label When I ran for State Rep part of my platform was capping the interest in my state It was later done in one of the Dakotas
Comment from : @BINSNEWS

The key is to not use credit cards, if you actually need them
Comment from : @EconomicWarfare

Just a notethe petroleum based plastics in the card aren't from dead dinosaurs, it's from dead plant life Bacteria that broke down dinos didn't exist when the plant life that made petroleum died So, no dinos in your plastics
Comment from : @useyourbrain1539

Spending money you don't have on crap you don't need is such an American thing
Comment from : @mikaela12979

WTF 25 INTEREST RATE???? I SAW MAXIMUM IN EU LIKE 724 WTF OVER 10 EXISTS??????
Comment from : @mihaelstojanovic

Love this !!!
Comment from : @davidbrooks8809

Lmao this is quite stupid You still need a credit score and you aren't going to change the system by complaining about it on youtube
Comment from : @seekinggodseekingtruth

Only spend what you can afford, pay the balance on time, and you pay no interest and take advantage of cash back and other incentives
Comment from : @alexszeborowski6578

mi familia:
Comment from : @santiagovalbuena393

Bloody brilliant, simple as that You guys are inspired
Comment from : @tonymarkey6525

I pay off my credit cards that DAY the bill comes due I get about one or two thousand dollars a year back No question, credit cards can be dangerous Just not for me
Comment from : @bobweiner4564

Credit card companies should be classified as scams
Comment from : @RavenclawFtW3295

They are literally not a scam
Comment from : @Zach_Attack_1

"Want to have money without having money?" That was the perfect way to open this video 😅
Comment from : @RushZone

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

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 : @thiccmcmustard

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 : @KittyOzzyZiggy3895

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

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 : @East_TN_Explorer

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

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

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

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