Hi there, it's Ernest from Trip Astute. In this video, we're going to discuss our
top 10 credit card myths and misconceptions, and explain why most of
these ideas are not true.
(light chiming music)
Earning points and miles is a great hobby, but I know a
lot of folks still think that is some sort of scam, or that it's just too good
to be true. While some of this is based on misinformation, a lot of these doubts
are based on false assumptions that people have about credit cards. Even on
our channel, we get questions all the time that revolve around some of these
ideas, especially on how credit cards can affect your credit score. So today, we're
going to review our top 10 credit card myths and misconceptions. Number 1: Credit
cards lead to debt. This one can actually be true. I've spoken a lot about how it's
important to be responsible with your credit cards if you want to engage in
this hobby. Like a lot of things in life, the credit card is a tool but it can be
easily abused and cause a person to go into debt. If you're using credit cards
to earn points and miles, it's important to make sure that your financial house
is in order. That means tracking your budget and spending so you can pay your
bill in full. If you're carrying a balance then you're essentially negating
the value that you would earn from points. Number 2: Applying for a new
credit card will hurt your credit score. This one is also somewhat true, though
it's not as bad as a lot of people think. When you apply for a credit card, you
will often get a hard credit inquiry which is different than when you use a
service like Credit Karma or Credit Sesame. The number of hard credit
inquiries can have a negative impact on your score, so you'll often see a bit of
a drop when you apply. However, your score is also influenced by the amount of
available credit that you have. So by getting a new card, you're increasing the
amount of available credit and also lowering your credit utilization, which
is the amount of credit that you're actually using. Assuming that your
spending level doesn't change, this should cause your credit score to
increase over time. Number 3: Having too many cards hurts
your credit score. This is also a common misconception. I think it's rooted in the
same idea as the previous tip about applying for
cards. However, like I mentioned earlier, having more available credit and a
lower credit utilization usually means that your score will go up.
Number 4: You should never pay an annual fee. This is definitely false. We
did an entire video on why it's sometimes worth paying an annual fee,
especially if you're able to get value from the card. If you haven't seen our
video, definitely check it out. Number 5: You must carry a balance in order
to build your credit history. I know a lot of older folks have this
misconception. I think there was a time when this was actually true.
However, this is no longer the case. You can build your credit score by making
sure you pay your bills on time and using your credit responsibly. Number 6:
Your minimum spend timeline starts the moment you activate your card. Contrary
to what a lot of people think, this is not true. I actually didn't even know
about this until not too long ago. The clock actually starts when you're
approved, so your window to complete your minimum spend is often less than you may
think. For more information about meeting your
minimum spend, check out our playlist on the topic. Number 7: American Express
cards have no spending limit. Several of the traditional American Express cards
like the Green, Gold, and Platinum cards are considered charge cards and not
credit cards. This has led a lot of folks to believe that there is no credit limit
since you have to pay the full balance every month. This is actually false
though. If you check the American Express Platinum card's fine print,
you'll see that no preset spending limit doesn't actually mean unlimited spending.
The limit is based on your usage, your payment history, along with your credit
record and income. Number 8: If you stay at a specific hotel brand or fly a
specific airline, you should get their co-branded credit card. This can sometimes
be true. However, with the rise of flexible points programs, it can often be
better to earn points that you can use with different travel partners. For
example, I can earn three Hyatt points per dollar using my Hyatt credit card when
staying at the Andaz hotel. However, I can also earn three Chase Ultimate Rewards
points using my Sapphire Reserve card, which I can then transfer to Hyatt,
or a bunch of other airlines and hotels. In this case, I actually prefer to
use my Sapphire Reserve as I like having that extra flexibility with my points.
Number 9: You should close a credit card before getting a new one. This is
also false, and I think it's rooted in the misconception that having too many
credit cards is a bad thing. Much like what I explained earlier about getting
more credit and lowering your credit utilization with your new card, the
reverse is also true. When you cancel a card, you will often lower the amount of
available credit that you have which can increase your credit utilization.
It's like shrinking the size of a pie so it looks like you're eating more, even if
you're actually eating the same amount. There are tricks to get around this like
converting cards to no annual fee versions in order to keep the account
open. So check out our "Top Credit Card Mistakes" video for more information. And
finally, number 10: It's better to use your debit card for daily purchases. This
one is totally subjective. A lot of people tell me all the time that they
just prefer to use their debit card to pay for things. While there's nothing
wrong with that, there are some compelling reasons to use your credit
card instead. It's not just the points that you're not earning, but also the
protections that you get when using your credit card. When you use your debit card,
you're actually pulling money from your bank account. If there's a dispute or
your information is stolen, you may not have access to the affected money until
the bank completes their investigation and verifies information. I've heard a
lot of horror stories with this situation, so I personally prefer to use my credit
card. Having a payment dispute or false charge on a credit card seems much
easier to resolve and is less likely to involve me having my funds frozen until
there's a resolution. For those of you who collect points, what do your friends
and family think of your hobby? Do they think you're nuts? Do you get asked about
these myths all the time? I'm curious whether you all experience the same
things that I do. If you're interested in applying for any of the cards mentioned
in this video, check out the credit card offers page on our website for the
latest offers. We do get a percentage if you use our link. It doesn't cost you
anything extra, but it does help us to continue building content for this
channel. If you enjoyed this video or found it useful, please hit the "like" button and
consider subscribing. Also, sign up for our newsletter on our
website for travel articles, updates, and giveaways, like our 2,000 subscriber
giveaway that's happening right now. Until next time, travel safe and travel
smart.
For more infomation >> Top 10 Credit Card Myths & Misconceptions | Understanding What is True & False - Duration: 6:51.-------------------------------------------
Fed Chair Powell's responsibility is to keep inflation in check: Dennis Gartman - Duration: 5:59.
For more infomation >> Fed Chair Powell's responsibility is to keep inflation in check: Dennis Gartman - Duration: 5:59. -------------------------------------------
British Mum, 34, is Living *BARBIE* Doll #WTF - Duration: 10:47.
This woman is 34 years old and she has an addiction to something completely unrealistic
- an actual barbie doll.
She's spent approximately $150,000 on plastic surgery to look like a living doll - and for
whatever reason, she's pretty convinced, she's an actual doll.
Just look at these photos here, she looks horrible!
There must be something wrong with her, compare what she looks like today - to when she was
younger.
She actually thinks all that surgery has perfected her looks.
Believe it or not, her old parents gave her $15,000 for Christmas to go get a nose job
- which is her favourite change so far.
But even after spending around $150,000 on these surgeries, she still spends another
$600 every month to keep her body
in shape.
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Scientists Confirmed This is No 1 Food for Hypertension Heart attack Stroke and Cholesterol - Duration: 9:48.
scientists confirmed this is the world's number-one food for hypertension heart
attack stroke and cholesterol dates are ones of the healthiest fruits you can
consume as they are rich in beneficial ingredients that treat various health
issues including hypertension heart attacks strokes and high cholesterol
they also accelerate the metabolism here are eight of their health benefits dates
prevent diarrhea dates are high in potassium which prevents diarrhea by the
healthy bacteria and thus relieving the belly flora and the intestines dates
regulate cholesterol dates cleanse blood vessels and prevent the formation of
blood clots so they effectively regulate the unhealthy cholesterol or LDL dates
regulate blood pressure dates are high in potassium and contain no sodium so
they are perfect in the case of hypertension
moreover five to six dates contain 80 milligrams of magnesium which boosts the
blood flow and is spread through the blood vessels to reduce blood pressure
you need about 370 milligrams of magnesium dates for anemia these fruits
are a rich source of iron so they are extremely useful in the case of anemia
pregnancy and for children 100 grams of dates daily will provide 0.9 milligrams
of iron which is about 11% of the recommended daily intake of iron iron
has a beneficial effect on the red blood cells and hemoglobin and helps the
oxygen flow through the blood dates prevent strokes the high potassium
content in these fruits enhances the nervous system and prevents strokes
hence the daily intake of 400 milligrams of potassium successfully prevents
strokes dates for heart health soak the dates in water during the night and in
the morning eat them or add them to your smoothie to support heart health dates
soothe constipation dates are extremely useful in the case of constipation you
should keep them in some water overnight and then drink the water in the morning
to help digestion and use their mild exit of properties dates help weight
loss the consumption of dates on an empty stomach will help you control your
body weight as they contain no cholesterol take this spice if you are
over 45 in order to prevent heart attack and stroke whenever we're facing a
headaches or suffer from back and muscle pain we immediately reach for an
ibuprofen pill this popular painkiller is massively prescribed by doctors
around the world against any kind of pain in the body however many people are
unaware of its incredibly harmful effects ibuprofen can cause irreversible
damage to the body if we're not being careful with it like any other pill it
slowly destroys our kidneys and may cause serious conditions such as stroke
or heart attack the risk of life-threatening diseases is
significantly increased in people over 35 however it's best to avoid taking
ibuprofen altogether instead of treating its side effects later there are many
natural remedies that can treat any kind of pain and the most powerful one is
based on turmeric turmeric is a healthy anti-inflammatory spice that can reduce
pain without putting your health at risk furthermore it offers numerous health
benefits and works better and faster than ibuprofen health benefits of
turmeric turmeric is a widely popular spice around the world and originates
from Asia it has been used in natural medicine against various ailments for
centuries and is very useful against body aches and pain even modern medicine
acknowledges the spice and has confirmed over 600 of its benefits here's a
turmeric based recipe that can treat your pains and aches ingredients
turmeric powder lemon juice honey a hot cup of tea preparation and use mix the
first three ingredients well until you get a homogeneous mixture then add the
hot team and mix again take the syrup three times
day in order to make the pain disappear the remedy has no adverse side effects
like ibuprofen and is completely healthy and natural by taking it regularly you
will get rid of your pain and improve your health as well
turmeric is used in various cuisines around the world thanks to its wonderful
flavor and health benefits as well experts say that it's far safer than
ibuprofen so maybe you should try taking it instead of the pill the next time
your head or back hurts
one month before stroke your body will send you these warning signs don't
ignore them strokes are very serious and can have life-threatening consequences
but there is a way to prevent one up to a month before it happens if you know
how to recognize the warning signs your body is sending in the following article
will explain the tell-tale signs which can indicate a stroke one month in
advance and help you prevent it there are two types of strokes ischemic and
hemorrhagic the first one is more common and is caused by narrowing or blocking
of the arteries to the brain thus reducing the blood flow while the second
is caused by bleeding in the brain and is less typical stroke is among the top
5 leading causes of death in the USA which is why you should pay close
attention to any unusual changes in your body and act immediately stroke happens
when a blood vessels that transports oxygen and nutrients to the brain bursts
or gets obstructed by a clot as a result of this obstruction the designated part
of the brain will not receive the much-needed oxygen and nutrients and
brain cells will start to die off additionally the functions controlled by
this body part will be affected as well and since the brain controls all of our
bodily functions it can have a huge impact on your overall health stroke can
manifest differently in different people and when different brain parts are
affected but one thing all patients report is that they start suddenly below
you will find the warning signs that can be noticed up to a month before it
happens and can help you your friends or family prevent a serious
life-threatening condition read them carefully and consult your doctor if you
are in doubt here are the most common symptoms of stroke breathing difficulty
unexpected pain hiccups mood swings hallucinations unconsciousness epileptic
attacks sickness lightheadedness or weakness no more stroke hypertension or
Alzheimer's disease thanks to this plant Olive leaves incredible medicinal
properties have been known since ancient times they have been used to regulate
blood pressure and boost energy levels since ancient Egypt but have also been
used to support the cardiovascular an immune system most of the health
benefits of the leaves are attributed to a substance known as alluro Pina which
also gives the olives their bitter taste the substance is present in olive leaves
in big amount and consuming them is the best way to fill your body with alluro
Pina back in the nineteenth century olive leaves were added to drinks that
were meant to reduce fever and a couple of decades later green olive leaves were
used in malaria teas thanks to their antibacterial properties
olive leaves extract has been used to treat Candida infections meningitis
influenza hepatitis B pneumonia encephalitis herpes common cold
epstein-barr virus herpes eye and to shingles dengue fever fatigue malaria
gonorrhea tuberculosis urinary tract infections diarrhea HIV / aids and ear
infections olive leaves extract has also been confirmed to protect the heart from
coronary problems and protects the blood vessels from damage taken over a longer
period the extract has shown that it can reverse atherosclerosis these benefits
led to scientists examining the Mediterranean diet which contains high
concentration of olive oil adding the oil to your diet is a great way of
improving your overall health the olive leaves extract can be taken in the form
of capsules or oil but it can also be taken through olive leaves you can make
a tea out of the leaves and drink it or put a few drops of olive leaves extract
directly on your tongue here's how to prepare the extract at home the recipe
can be prepared by either fresh or dry leaves you need about 100 to 150 fresh
leaves per litter of water if you use dried leaves you need about a third of
the amount clean the well with baking soda first then rinse thoroughly now put
the leaves to boil in some water then reduce the heat and simmer the mixture
for about 15 minutes afterwards strain the mixture and store the liquid
in glass bottles in the fridge use take a teaspoon of the extract thrice a
day with your meals if the flavor is too strong for you
dilute it with a bit of water the remedy doesn't have any side effects although
it may interfere with some medications we suggest consulting with a doctor if
you have low blood pressure
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