Why I Don't Use Debit Cards (THE TRUTH)

Every day, we choose between debit cards, credit cards, or cash. But have you ever thought about how your payment method affects your finances? In this video, I break down the pros and cons of debit vs. credit cards and explain why I personally don’t use debit cards at all. What You’ll Learn: ✔️ Why credit cards can be a powerful tool if used correctly ✔️ The downsides of debit cards and what you might be missing out on ✔️ How I’ve redeemed thousands in free travel using credit card points ✔️ The hidden risks of using credit cards irresponsibly ✔️ How I strategically maximize rewards to save thousands per year ✔️ How credit cards help build an 800+ credit score for real estate investing Resources Mentioned: 📌 How I Booked a First-Class Flight for $248 Using Points – https://youtu.be/FjAyHJT9ajg?si=VLqikYhHfPqUBB4c 📌 My current favorite credit card – Chase Reserve: https://youtu.be/FjAyHJT9ajg?si=VLqikYhHfPqUBB4c What do you prefer - debit or credit? Let me know in the comments! 00:00 Introduction 00:49 Debit Card Pros 02:04 Credit Card Pros 03:46 Credit Card Cons 05:17 Why I don't use debit card ------------------------------ 🎉My Goodies! - Get my FREE Passive Income Toolkit: https://digitalnomadquest.com/how-to-get-started-with-passive-income/ - Join the REMOTE RENTAL RICHES Course for the step-by-step guide on out-of-state real estate investing: https://courses.digitalnomadquest.com/p/remote-rental-riches - Join The ETSY ENTREPRENEUR Course for an Extra $1,000/month in Passive Income: https://courses.digitalnomadquest.com/p/the-etsy-entrepreneur - Join The BLOG LAUNCH PROFIT Course for an Extra $1,000/month blogging: https://courses.digitalnomadquest.com/p/blog-launch-profit ------------------------------ 💻 Find me at @SharonTseung on Instagram/Twitter: - Website: https://digitalnomadquest.com & https://goodsweethomes.com - Instagram: https://instagram.com/sharontseung - Twitter: https://twitter.com/sharontseung - Facebook: https://www.facebook.com/digitalnomadquest/ - Podcast: https://podcasts.apple.com/us/podcast/the-digital-nomad-quest-podcast-with-sharon-tseung/id1465744099?ign-mpt=uo%3D4 ------------------------------ 🔨RESOURCES For Investing: - Public - Invest in Stocks (Get a FREE stock up to $50 through my link!): http://pblc.co/digitalnomadquest - Coinbase - Invest in Crypto (Get $10 worth of free Bitcoin through my link): https://www.coinbase.com/join/tseung_k?fbclid=IwAR3hH35xqSYUnzBBTzcJnNrEsL3Q7vsTcxj2FdqxLgdWPm7xtJ9tdQ07yUE - Webull - Get 2 FREE stocks signing up - https://a.webull.com/i/SharonTseung - Fundrise - Invest in Real Estate with just $10 - https://fundrise.sjv.io/Y9Nbbe - Empower (previously called Personal Capital) - Track your net worth for FREE: https://personalcapital.sjv.io/Eayo9P My ENTIRE List of Camera and Recording Equipment: https://www.amazon.com/shop/sharonestee?listId=3JQZS0J36ZCFI For Building Your Business: - Hostgator for your blog (code DNQ60 for 60% off)- https://digitalnomadquest.com/hostgator - Teachable for your courses - https://digitalnomadquest.com/teachable - ConvertKit for email marketing - https://digitalnomadquest.com/convertkit ------------------------------ Disclaimer: Some of these links above are affiliate links which means I may make a commission if you use the links at no extra cost to you. This will help support my channel! Sharon is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. While all attempts are made to present correct information, it may not be appropriate for your specific circumstances and information may become outdated. Sharon Tseung is not a financial advisor and does not provide tax, legal or accounting advice. This video, and the ideas presented in it, are for entertainment / educational purposes only and should not be construed as financial advice. Please consult with a certified professional before making any financial decisions.