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5 Ways to Make Your Credit Card Work for You (Amazon Metal Card Review) - YouTube
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I buy everything with a credit card that
is right I don't have any cash this is
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my wallet and I don't know if you can
see that or not but there is no room for
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any cash in this wallet and in this
video I'm gonna tell you why I pay
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everything with my credit card and maybe
you should - welcome back to the channel
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guys my name is Bruce Wang I am a
dividend investor of real estate
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investor and in today's video I'll be
talking about credit cards and why it
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might be a good idea if you pay
everything with a credit card so back in
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the days when I was a lot younger I used
a lot of cash whenever I bought stuff
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and I used a lot of my debit card as
well but in the past five years or so I
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switched everything to just paying with
credit cards and I stopped holding cash
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there are so many reasons why using a
credit card is so much better than using
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cash or a debit card the first benefit
that I realized was if I lost my wallet
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with cash in it that cash is gone but if
I lost it with only my credit cards I
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can cancel my credit cards and I can get
a new one within like a week probably
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even less than a week especially with my
Amazon Prime card it's gonna be alright
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if you lose your credit card even if
someone stole this and swiped it a few
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times all you have to do is just call
the credit card company and let them
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know that someone stole it and and these
banks that own these credit cards they
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have a fund just for like lost and
stolen stuff so that fun covers a lot of
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that issue as well if you guys didn't
know these banks they have a large fund
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that covers lost stolen damaged stuff
like that especially when you lose your
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card so they got you protected and
covered for issues like that later on in
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this video I'll go over two credit cards
that I use almost on a daily basis both
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of them have no annual fees and you can
use them everywhere as well the second
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reason why I love using credit cards and
paying everything with cards is because
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of the customer protection you get from
the banks
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if you ever scanned or frauded by any
company as long as you paid with your
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card you should be able to get your
money back and that's what I loved like
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I've had a lot of issues where I've been
overcharged by some companies and
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all I'd even have to talk to anybody all
I did was just go onto the website list
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my issue and they eventually refunded me
the money no questions asked I had a
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case with Comcast where they overcharged
me for whatever reason and a lot of
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people know that Comcast is one of the
worst companies out there they have a
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monopoly on the internet and on cable
all across all across all across America
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so they overcharged me on my cable bill
they added something to my they added
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something to my account that I never
bought I contacted Comcast first and
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they would not remove it for like the
first time that I called them and after
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that I would call the credit card
company and they actually refunded me
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the money before Comcast even refunded
me the money so customer protection from
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credit cards are amazing so the third
and probably one of the best reasons why
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you would want a credit card is because
of the rewards so this card in
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particular is an Amazon card and Amazon
card is probably the card that I use the
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most I swiped this on a daily basis
doordash uber eats any food any
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restaurants it is all paid for from this
card right here and every single time
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that I swipe this card I would get
rewards 1% 2% 3% depending on where I am
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shopping or where I'm buying from so the
card that I'm using is an Amazon rewards
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card from Chase and right here you can
see that I have fifty five thousand
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points I have no idea what I'm gonna do
with these points I think probably at
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the end of the year I will just do a
cash back so I think that if I were to
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cash this out I would get back around
five hundred fifty one dollars another
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thing that I can do I can probably book
my next vacation I never buy any gift
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cards I hate gift cards so I never do
anything would gift cards and what I
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would and what I would most likely do is
buy some more stuff on Amazon so the
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credit card that I have is right here
the Amazon Prime Rewards Visa Signature
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card and if I'm buying anything on
Amazon I would get back five percent
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back that is a lot of cash guys I don't
know about you but I shop on Amazon
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weakly I buy all my diapers for my kids
there I use those subscriptions to
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refill a lot of my
supplements that I buy for my workouts
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and for fitness and exercise and
throughout the year stuff like that
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really adds up so so right now is the
halfway mark for 2019 and I already made
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$550 back from this rewards card the
second thing about this Amazon rewards
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card is you would get back two percent
at restaurants gas station and
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drugstores that's a really
self-explanatory I don't really need to
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get too deep into that and the next
rewards that you get is 1% on everything
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else so I don't know about you I like
free money I'm all about that free money
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and that's why I use this card all the
time the second card that I own is a
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Costco credit card and that is through C
Bank I show up at Costco all the time
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and I'm there probably three to four
times every single month so stuff like
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that really adds up and the one thing I
love about Costco is that they come out
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with a gift card that product I think I
got one of these I get one of these once
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a year I shop at Costco so much I think
that their rewards that the reward
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certificate that I get is able to cover
the Costco membership one piece of
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advice for me is that wherever that
you're shopping all the time try to see
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if they have a credit card or rewards
credit card and if they do sign up for
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it it'll pay dividends for you if you
guys are shopping there all the time
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so that is another great benefits from
cars like these so going back to the
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Amazon rewards card someone actually was
able to steal my credit card information
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and somewhere across the country and
they were able to swipe it I like a
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doughnut shop and they were able to buy
coffee and like donuts with it chase
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called me back within one day they shut
my account down and they were able to
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replace my credit card within the next
day or two so if you guys don't think
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that's efficient or amazing then I don't
know what is another thing about these
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cars is that they I think they're made
out of metal because with my last card I
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tried to destroy it in a credit card
shredder and it didn't really turn out
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well I think it actually destroyed my
shredder instead that that shredder was
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not able to even take half of this card
so I think I have I think there are
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special instructions to destroy a metal
car like this and I would have to
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this back to the company so they can get
rid of it for me so next reason why I
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love credit cards so much is because
they get the like button smashed if you
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are enjoying the video don't forget to
leave me a like another reason why you
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want to start using credit cards is
because you want to build up your credit
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having good credit having amazing credit
will really help you down the line
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especially if you want to jump into real
estate
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whenever a bank or a loan officer is
looking at your credit that will
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determine the interest rate that you
will receive and the better that your
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credit score is the lower the interest
rate the better the interest rate that
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you will be able to get so you're gonna
be saving a lot of money there and it
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took me a long time to build up my
credit I think the lowest I ever I think
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the lowest my credit was was around like
650 and I was able to get it to 773
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within the last probably a few years and
ever since then I'm trying to actually
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hit over 800 credit score and that is um
that is my next goal when it comes to
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this credit card journey of mine so one
last thing before I let you guys go
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credit cards are not gonna be for
everybody alright if you guys have a
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credit card if you guys have a spending
issue where you cannot pay your credit
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card back in full every single month
before on the statement date or before
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the statement date then you should not
own a credit card don't spend money that
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you do not have especially if you have a
credit card I'm a wizard when it comes
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to my expenses I know exactly how much I
spend every single month I track that on
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my mint account I track that on a
separate spreadsheet and I pay back my
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credit cards on time every single month
in full my phone bills on there my
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internet bills on there
I pay back in full every single month so
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I don't get charged any interest from
the card if you if you cannot pay back
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your card every single month if you're
not able to do that you probably
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shouldn't be using credit cards that
much or at all make sure you use your
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credit cards responsibly because the
world will start to open up for you if
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you do I'm able to get free I'm
literally able to get free money with
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these credit card rewards and I'm able
to travel I'm able to have everything
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that I buy somewhat protected by the
credit card companies and and on and on
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and on so I'll leave a link in the
description
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if you guys are interested in any of the
cards that I was talking about and if
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you are still interested in watching
more videos about personal finance
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dividend investing go check out some of
my older videos here I go really in
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depth into every single topic and if you
are enjoying the video leave me a like
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subscribe if you're brand new I have 3
videos every single week coming out hit
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that notification and I'll see you in
the next one I love you 3000 bye bye now
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