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 –    • How I Booked a First Class Flight for $248...  
📌 My current favorite credit card – Chase Reserve:    • How I Booked a First Class Flight for $248...  

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

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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to present correct information, it may not be appropriate for your specific circumstances and information may become outdated.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.