The HARSH Reality Of Credit Companies REVEALED 

Debt is a deceitful thing - it traps you into a cycle that’s difficult to get free from. Now that I’m debt free, I will never go back, even if that means I do without things. I save up until I can pay cash. It’s the peaceful way to live! Thanks for your show, Rachel.

I am ‘that person’ who pays it off every month and only buy what I actually need and would buy with cash. Debit cards don’t offer theft protection or cash back. I make $2k annually in cash back from my cards. I will take it!!

It's nit credit cards that keep you broke...but it is yourself.

Your advice makes sense for people who don't know how to handle credit and don't understand banks. I think there should be stricter laws for applying for credit, and banned credit for college students. I have had my credit card for 7 years and have never paid a single cent in interest because i know how banks make money. They have tried to pitch me everything from raising my limit to opening another card, to using their version of klarna (buy now pay later) just to get me to slip up once and pay interest. They really hate it when you pay in full & clear the balance! I don't fall for any of it, I act my wage, and meanwhile I've enjoyed 7 years worth of free airport lounge access and even some free flights, among maaany other perks, and i have zero regrets.

I think this whole thing about credit card being evil is only applicable to people that are highly undisciplined and just not financially literate.

It all comes down to responsibility and control regardless of the payment method. My wife and I have paid for almost everything with a credit card for the past 20 years. We have also paid the balance off in full every single month. Different strokes for different folks.

I agree that if you can’t trust yourself with a credit card you should steer clear. However, I use credit cards because I feel like I have more protection from fraud. If someone fraudulently uses your debit card, YOU are out the money.

I like my credit care because of the 5 percent cash back. I pay my card off every two weeks. It’s not hard…

I hope you are not using that Target debit card anymore.

I've been using a credit card since I turned 16 and have always paid the balance in full so it's not that difficult

I wouldn’t go bragging about having a target debit right about now

Nope, i never pay interest on cc, cc interest is just for suckers

They keep you broke if you over spend like a crazy person. Just like budget is a tool. A cc is also a tool. Use it wisely

Having hard cash makes unhealthy spending in my experience. When setting budget with cash envelope I end up spending the entire envelope just because i can. I am more mindful of how often I am swiping the card and only using it for strictly essential things allowing myself only 1-2 fun swipes a week. In the end of the month I find my spending to be actually less.

You can easily use credit cards with a little discipline. As long as you spend less than you have you’re fine, and you can enjoy the rewards.

Ask Sebby made an appearance!!! He’s one of my favorites

You know this was filmed months ago! Rachel “I even have a Target credit card!” 😂

Good morning, Rachel Cruz. Thank you for sharing this video, it was interesting. The storyline history's is important to know how things was frist came out to now 2023.

Stop shopping at target

I wish your wallet wasn't so expensive. I know it's worth it, but it's not in the budget. I know you understand.😊

It's safe to say, not everyone is the same. Credit companies have been loosing money to me because I know how to use credit cards.

Mahalo nui loa fo da video fo folks wit a impulsive temperament struggling wit der finances 👍🏽

OMG I love Jake Tran!!! Great to see RC using Jake's channel😀

If you can pay it off every month and reap the rewards, a credit card is worth it. Your argument is that “ppl say that all the time…slippery slope.. yadayada” which isn’t always true. Ive had credit cards since high school and never failed to pay it off, and I only use it if I know I have the funds. I have gotten free cash for items I would have purchased anyways with a debit (groceries for example). So if you can hold yourself accountable its certainly worth having one.

Without using credit card. How do you keep a perfect credit score???

The people you are taking too are the people who are financially uneducated who need the baby steps and the zero based budget once you get that down using a credit card is in principle the same as using a debit card. That’s what you should be teaching.

dave was my high school teacher since i was homeschooled & i just never had a credit card until i was 26 & i was so stressed out that i immediately closed it after i paid it off because i felt vulnerable to fraud but then also to double spend. spend on the card then spend cash on top of it. i hated it!!!

Rachel, you should make a video on the target debit card. A haven’t heard anything on that. And after watching this video, it made me curious about that. All I have is my debit card. And was wondering how the target debit card works.

Who wouldn’t want to exploit others’ misery for free stuff?

Wait… didn’t Ramsey get sued last week by his users for $150 million and pocketing $30 million with bad investment advice? 🤔 🤔

Being a victim of Debt Card Fraud, and having money taken from my bank account, I will always use a CC Card for security. If it gets fraudulently used, it’s not my money. I never carry a balance. Banks are making it harder to get your money if you’re a victim of fraud.

Should i close my credit cars

Close your Target card. Love the envelope system btw.

Sometimes people have an RRSP and credit card debt at the same time, if you tell them to pay off the cards with RRSP and zero it out they tell you thats bad because then they will lose all their savings.

For the people that are financially responsible and pay their bills in full every month and enjoy all the credit card benefits and never ever pay interest and are disciplined with their finances only buying what you can afford. With the mindset of If I can't pay this off immediately right now then no I'm not buying it. No this video aint for you. This for all this people that think they can play this game an get caught up and Don't have the disciplined mindset. And are in debt paying interest.

I have been paying off my credit cards at the “end of the month” for years and had no problems. Racked up tens of thousands of dollars in rewards. Agreed majority of people should steer away but not those who are responsible.

Joshua jackson says hello to credit cards

We all make choices; I have a credit card, you shop at target.

Better lose the Target debit card though. ;)

What’s hilarious is kevin hart and samuel jackson bragging about 1.5 percent cash back when you know they’re rich enough to buy the whole store.

I've find that people who are anti Ramsey's plan simply don't want someone telling them what to do with their money.

It makes me sad to hear how people are justifying using credit cards. They will never be debt free and they think they are winning???? So very sad, like the Bible says of those that hear the Word and don't apply it. This is just God's and Grandma's good common sense.

Fo all of you wit a self-discipline temperament posting comments fo pat yourselves on da back 🏆🥇👏🏽

you shop at target? wow thats not good

Mom do you know if I've been robbed or if I've been lied too? Or if I need help Lil bibby I think you can visa to make the difference on a boy that will take you in arabic for private and im in your own room if you're a member and have fun 😊

I understand the message is tailored to a specific type of person and it’s been preached for years, but why do you guys never acknowledge that using a credit card is advantageous if you’re responsible? I’ve never paid interest, I’m not more inclined to spend just because I have it and generally never buy anything that I wasn’t intending to, and always go in my app and pay purchases off simultaneously as the transaction happens. I’ve also been able to travel the world more bc of my points and have gotten hundreds of thousands of points using referrals (where im not required to spend a dime on my end) also help with hotel and airfare. Most people are too psychologically weak to live below their means and only buy what they need, but for those that have self control, there’s literally no downside to using a credit card, especially when you can set spending limits. People do and make time for what they really want. Why do you not advocate it strategically for the RESPONSIBLE ones when there’s literally only upside? And of course nobody is building wealth from using credit cards, but im sure people would love to turn a $6k flight into a $300 flight.

Credit cards keep you broke because George keeps spending his monthly pay to impress you girl 😂

YOU still have your Target card!? 🙏

Credit cards are covert narcissists. Thank about it.

Love credit cards as they give you feeling of getting something miniscule for free. I do pay my credit card off every few days just in case things happen. Yes... I do pay like 5 to 8 time a month sobalnce is usually never over $200. Debit cards are for rich opl like Ramsies and ppl who cant control spending.

I think that the only people who can benefit from credit cards are those who don't need one...

Treat your credit card like a debit card and you’ll never have an issue and get more value and protections that a debit card. This is terrible advice

I'm 26, I don't have a credit card, never had one and scared to have one. And yes I don't have a credit score either. I just choose to live a cash and debit card kind of life. I save up for everything in cash and just put it in unit trusts, different bank accounts and also invest it in government bonds. Even with my house I plan to save cash in the bank and if I need a loan I'll go to my father to get a loan lol . 😂