Credit Cards. Recession. Scams and Traps.
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Credit cards – they’re a miracle! Go shopping, go out to a restaurant.. just whip out that plastic and you’re paid up! Plus you pick up some rewards points while you’re at it!
However.. there’s a dark side to credit cards… They’re like the financial Jekyll and Hyde, a two faced beast we need to be careful around.. especially in a recession
When times get hard, credit card companies get a little nasty, a little more tight-fisted. You might find yourself paying higher interest and your credit limit dropped.
The point is, credit card companies play tricks, and if you fall for them, that miraculous card essentially turns into your nightmare ex. Wasting your money, gaslighting you into paying for “extra services”, and never really giving you the respect you deserve. But the good news is… unlike your ex credit cards are reasonable… you can make the system work for you.
Credit cards
Dave Ramsey
Recession
Credit tips
How to boost credit
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Yo Max. Explain this $1 in details please.
It's easy to win the credit card game when you choose to avoid them entirely.
Sounds more criminal and scammy.
Credit card is the mark of the beast
wait, I'm confused haven't they always been evil?
I only ever use prepaid credit cards. Ive never had an actual credit card. My prepaids cost me nothing, and i can pay online without risk of theft. I simply load the card then pay with it right away for bills or online purchases or deliveries….
The only risk is leaving money on the card for longer then an hour, i would never do that, but some do, and if the numbers stolen, it can drain your funds from it…
My bank has decided to cancel the prepaid credit card function starting at the end of this month though. I am pissed about it, and am working to make them maintain it for me, since my card is valid for A year still….
I personally have never needed or cared about my credit score for any reasonable reason.
Reason is;
I DONT BUY THINGS IF I CANT AFFORD THEM!!!
We all need to learn from this model.. TOo many are willing to enslave themselves to buy material Garbage….
Credit is unbalanced and corrupted by EVIL… I will never partake in governmentally controlled Credit!!!!
Hi Max, I didn't know you were from Canada…me too. I know you've tried clarifying that $1 part a few times but I just to understand it better with actual dates. My statement closing date is the 22nd of every month. So lets' say October 22nd is my closing date and my due date is Nov 17th which also means the new closing date is Nov 22nd but if I pay before the due date of Nov 17th I am theoretically paying before the closing date of the 22nd…..see I'm just not quite getting how to figure out what you're trying to say and I want too!! Please any type of payment schedule example using actual dates would help a ton. Thanks Max!!
Iv been making charges on my credit card and then instantly paying it off. I'm gonna do what you suggested but I have a question….. tomorrow my statement due date is up but I have a zero payment due on this 1$ balance because a couple weeks ago I paid the credit card off except for that 1$ that you suggested. Do I pay this off tomorrow even though I don't have a balance due tomorrow? Or do I wait for the next bill due date?
FTX is going to 0. They shorted the market and dumped on their investors. FTX tried to kill DEFI and Crypto. NEVER believe what a YouTuber advertises
You get my Like but I don't need to watch this one. I've always hated "debt is money". I don't have much to work with (I'm still of the 99%) but I have zero debt, no margin, no leverage. Essentially "cash poor"? I believe "the bubble" is being sustained by this seemingly ability to pull a rabbit out of the hat. I only had to learn once. As a naive young person I used to have credit debt. Unsecured. I just wait 7 years, now I have a better "credit rating" but what good does it do me? I have no need to buy a home, etc… It's a damn fiat Ponzi scheme and I can't wait until it finally ends….
I have 8 credit cards and I just charge $1 to $3 on each one a month and then have it autopay my statement balance. So every month I have 8 on time payments as well as low utilization reporting. Then I cut up my credit cards so I never physically use them again.
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talk about milky boys.. all you that keep watching grifter max.. lol, he's milking you
I don't believe in Reincarnation, but if I did I would want to come back as a Credit Card or Insurance company, they always win.
trying to get some incel subscribers with that intro?
I like it just for the cat
Nothing better than Passive Income..completely agree. I've made more profit..over time via defi farms than off straight coin returns. All the talk of Defi regulation has me anxious. Low key doing my thing on Osmosis lol
Yes! Call your creditor if your going to be late this dude is solid for advice going to try the 1 dollar trick now!
I use my rewards and buy schd. Also credit card rewards are tax free.
Dude I did that and your right I did jump excellent video
Milky boy was god damn scary but very funny too. 😱🤣🤣
Thnx for the video
Anyone that’s been in the credit card game knows the golden rule is to pay off in FULL every month. No interest, no fees, no issues. Just take advantage of the rewards.
Max: You didn’t mention about the Balance Transfer game???
Something tells me Max likes toxic women lmao
$100 for a new TV and $6300 for 2 scented candles 😂 🤣🤣
Love it.
Can confirm on paying off before the end of the month strat. Did that unintentionally thinking my score would go down. Now I'm getting non-stop offers for new credit cards.
Back in the 80,s when I was wee little tacker credit cards were said to be the spawn of Satan
So you're saying I shouldn't FOMO into Shiba Inu using cash advances?
made my partner start watching your videos, she got into crypto not long ago
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Great video like always
"Success is liking yourself, liking what you do, and liking how you do it." __Maya Angelou
$4830 scented candles must have smelled heavenly
Max you out did yourself with this video, but the message and teaching is great my brother
Philippines here. There's no national credit score which appears to be a lot better and less scarier than America's China-like credit score system.
i want to end any connections with banks, is there alternative? like Revolut and similar things.
|Would be interesting to see video on this topic.
I milked mines to the max, I have one for each category that pays the most cash back. Gas, groceries, Amazon, misc, then pay them off in full every month. That's the key, only use them for things you would have purchased with cash then pay in full every month. 0 interested paid but almost a grand in cash back this year
You should do a video on the best fixed rate no origination fee, bad credit no credit 15k to 30k personal loans to get out of debt
Ok how do I properly pay my taxes now?
Credit cards? Once I turn 18 imma go into crypto
I’m confused about the idea you use to raise your score.
I want to try though.
Are you saying pay off the entire balance minus a few bucks before the due date and the rest a few days later in the new cycle??
I had a credit card whose credit limit was cut recently because I wasn’t using it.
It was paid off and “locked away” for emergencies only.
Keep an eye on this and maybe use it for a small amount monthly for gas or something else.
Video was excellent!
Funny fact. There is no credit score in the europe
Can someone explain why you should leave out $1 for after the statement close date and not pay off the entire debt before the due date instead?