A Quote by Dave Ramsey

You don't build wealth with credit card rewards and airline miles. You can't beat the credit card companies at their own game.

Dave Ramsey

Quote Topics

Airline Beat Build Card Companies Credit Credit Card Game Miles Own Rewards Wealth

Quote Author

Dave Ramsey
American - Speaker
Born: September 3, 1960

If you pay your credit card off every month, get a rewards card. One that gives you airline miles or that will give you 1 percent cash back at least on every purchase.

Aaron Patzer

Absolutely pay off credit card debt. If you're not getting a match in your 401(k) and you've got credit card debt, you've got to get yourself out of credit card debt. When you get out of credit card debt, your credit score goes up and interest starts to go down.

Suze Orman

I have no credit cards. That was the decision that was made jointly by the credit card companies, and by me. I can't say that that was completely on my account. I buy nothing on credit now, nothing. If I can't afford it, I don't buy it. I have a debit card, that's all I have. Any debt that I have, I am paying down.

Neal Gabler

If you have credit card debt and credit card companies continue to close down the cards, what are you going to do? What are you going to do if they raise your interest rates to 32 percent? That's five times higher than what your kid is going to pay in interest on a student loan. Get rid of your credit card debt.

Suze Orman

he card companies will often, as a courtesy, honor that credit card, but hit you with a penalty. And you keep swiping your card for $3 at Starbucks for your latté, and you're getting hit with a $25 penalty because it's over your credit limit.

Richard Thaler

Credit card companies and banks usually aren't shy when they're trying to sell you something. Heck, Wells Fargo didn't even bother to ask consumers before signing them up for as many as two million checking and credit card accounts.

Dick Durbin

I try to use my debit card rather than a credit card, but I will use a credit card for big purchases because I bank with Coutts and I get points.

Sean Pertwee

But credit card debt is unsecured debt, which means if you get in trouble and cannot pay off your credit card, you can discharge it in bankruptcy. What are they going do to you? If you're in a financial position to just methodically pay off both credit card and student loans, pay them all.

Suze Orman

Nobody had a credit card when I was a kid. No one had credit card debt. But these big companies and banks wanted to know how to get more money out of people - get them charging things.

Michael Moore

If you're in poverty and all you have is a debit card or a prepaid card or you pay in cash, it does not report to a credit bureau. If it doesn't report to a credit bureau, it cannot create a credit score for yourself.

Suze Orman

We cannot put Connecticut's future on the credit card. The state has had a problem putting costs on Connecticut's credit card that it simply can't afford to pay.

Ned Lamont

I use debit cards for everyday purchases, as I don't believe in credit cards. But this has caused problems, especially with American touring, because I refuse to have a credit card - and in America you can't pay for anything on a debit card.

Paloma Faith

I like it when you buy something and pay with a credit card, they put your credit card on the receipt, but only the last four numbers. Aha! I'm really good at guessing twelve numbers. I can't guess 16 numbers, so thanks for the assistance!

Mitch Hedberg

When you default on a secured debt, the creditor takes the asset that backs up that debt. When you convert credit card debt to mortgage debt, you are securing that credit card debt with your home. That's a risky proposition.