Waching daily Feb 27 2018

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.

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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.

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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.

For more infomation >> British Mum, 34, is Living *BARBIE* Doll #WTF - Duration: 10:47.

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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