What's everybody welcome back to the channel today, I'm going to give you four reasons as to why you should be using a credit card instead of a debit card. Make sure you like that video give me a subscribe. Let's get right into it all right, so I'm gon na begin four ways and four reasons as to why you should be using a credit card versus a debit card. Now again, I'm not being mean I'm not pro credit card or pro debit card or an anti debit card.

I'm just gon na give you four reasons why you should be using a credit card. If you want to give me a you're gon na give me a suggestion, or maybe what like this, let me know hey. You gave me the four reasons on a credit card and I give me a four reasons: hola use a credit card and I give you that to kind of give you the pros and the cons, if that's cool with you guys, you let me know, if you Want to see that video just drop that down, but today's video again for reasons that still why you should be using a credit card now. The first thing is the rewards, and this is not what every credit card, but more than likely, this is like, I would say, 90 % of the credit cards you have.

They want to entice you to use these cards, make sure you use them responsibly, loan and we'll get into that in a different video. But for this video you get rewards those rewards to be cashback. Those rewards can be airline miles. They can be Hotel points.

They can be credit card points that you can use for travel and gift cards or statement credit. They give your rewards to use these cards and as long as you're using them responsibly, you'll always get ahead. Aka make sure if you have it, you pan it in full. If you don't have it in your pocket, don't spend it on a credit card.

Okay, that's the best way to get always be ahead. You use these rewards to actually get things and not pay off. The debt, but you actually do things that you know you were going to spend this anyway and then you got a reward for it, so it makes sense. So that's the first reason.

The first reason is: is going to be get these awesome rewards depending on what credit cards you have. You know the rewards will vary, but all in all you get type of reward for about 90 % of the cards that we have here in the US. The second thing is going to be: it helps your credit now to me this is the most important one if you're somebody who's new and starting off this helps you build if you're somebody just you know, you've already got your credit is helping. You maintain.

That's pretty much all this, you know yeah, it's helping, you build your credit, it's also helping you be a really like financial, financially responsible, especially again for the newbies and it's okay to be a new, because I was a newbie not too long ago. It really helps you build up your credit and it's pretty much all of this. It's pretty short and sweet, can't really say much more about that and I get you don't obviously have to spend or swipe your card to do so. But if you get rewards and your learns, you know you're being financially responsible and stuff.

It's helping your credit, because each month this is being reported to the credit bureaus hey. You know this person is making a long time payment and that's great the more you do. This obviously over time, the better your score is gon na, be so helps your credit and build your credit and all that good stuff. So that's number two: it helps build, maintain restore all that stuff.

With your credit, number three is going to be fraud, disputes merchants disputes. Now, if you don't know what that is, because I have a banking background stuff, you don't know what fraud disputes or merchant disputes are I'll. Tell you the difference: real, quick, a fraud, the spirit of something, let's say somebody skims your car, so they get your information from maybe like a gas station or ATM, or something like that. If this was your debit card right, you're screwed like if, if this was your debit card, and they took five hundred dollars, you're literally missing five hundred dollars from your account and that hurts that really really hurts you, especially if that was your last five hundred dollars.

You had to pay for it or something like that trust me. I've seen it before. Okay on a daily basis, it hurts okay, so it really hurts you make sure. Okay, I know I'm upset hurt three times, but again fraud disputes can kill.

You especially you know. When you're, it just doesn't feel good, you can be on vacation and now you know, you're in a different country and you've used your debit card at ATM and now somehow they had a skimming device on ATM. Now they got your credit card information and it is to tell you, okay, I never used my debit card outside of the country. I don't even use it inside of the country, gas stations are notorious, for that ATM is outside are notorious for skimming devices outside of the country is Alice Lee notorious for skimming devices, so just to really kind of just stop all of that.

Here's a credit card. Okay use credit for everything, and it's really good to have Visa Mastercard Amex have them all so ever out of the country, and maybe Amex is not accept that you have Visa or MasterCard or something. So that's what fraud is. Somebody just takes it merchants dispute.

Let's say like um, you stayed in a hotel and, let's say, like you, got into the hotel room and there was just like something really tragic was in the hotel room that you didn't like. I wasn't fraud, but it wasn't you don't like it. You was a happy with the service, maybe you were displeased with the service and the hotel says. Well, no, I'm not giving you your money back.

Well, if you do it with a debit card, your money is really on a hold and it's really affecting you right. It still hurts credit card, you call them up. You dispute it. They'll do an investigation, it's not hurting your pocket.

You can still use your credit card if it's a merchant dispute, if it's fraud Dustin you got a new card and your pockets, your actual liquid money. Your cash or hard-earned money is not being held up, the bank's money has been held up that credit cards been held up, so that is number three fraud disputes merchant disputes. Let's get into number four number four is going to be holds, and that doesn't sound good at all, no matter how you put it something is being held now. This is really notorious for hotels.

This is also really notorious for rental car places. So I'm not going to say any names, but we are under the rental car places. We on all the hotels depending on where you are some may not do, holds it off. It's very rare.

Some do holds they're cheap. Some deals are really expensive. It really depends on the type of hotel, you're checking in to leave your checking into one of those leading high top-notch hotels. I mean I've.

Seen like I entered in a hold just just to make sure that gave you don't mess up the room or something for like $ 100 a night I've seen it now. Just imagine if that was your Democrats, that you gave to them and let's say that 500 ology were actually looking. The spin will guess what an ounce on a hold right and it may be on hold for another 7 to 10 business days until after you leave the resort of a hotel. So this extra two weeks, business days, 10 business days extra 2 weeks, possibly that your money is on hold.

Okay, that's not good again, your hard earned cash is being affected. It's just sitting there. You can't touch it. That's not good same thing with rental car holds and I've never used a rental car.

Personally, but again I had a bacon back. I have a bacon, burger and obviously four previous years, and we see that you know we see that and I hear about it all. The time you know this rental car company got a hold of my account, for you know I mean I hear it. I see it all the time $ 700 $ 600.

You know seen that right. So it's really important to use again a credit card, because your money's not on hold the bank, says you still have your liquid cash and you're good to go. You can go out there and you know, rent a car and all that stuff and again all this kind of comes into play. You know if you got a you know using your card, you getting points, you're bidding your I'm your credit portfolio, you're, also protecting yourself from fraud from your liquid cash and you're.

Preventing these holds. That's really helping start really holding you back from using your money. So I get all those four reasons again. Rewards cash back miles points whatever you want to do, depending on the credit card.

You have your points. Your rewards will vary. Also, it's going to help you with your credit. It's also going to help you prevent fraud and keep your money in your pocket, and it's also going to prevent you from losing money for a short period of time.

Even though it's about two weeks, it's still a very long time. Actually, it's gon na it's gon na really prevent holds as well or your money. So those are the four reasons why you should be using a credit card. I'm sure there are other reasons.

So if there are other reasons for all my credit extras out, there make sure you put that in the comment section. If you want to see a video of why you should not be using the credit card, let me know, or you should be using a debit card. You, let me know, make sure you give me a like and make sure you subscribe to this channel thanks. So much I'll see you soon.