Why I Refuse To Use A Debit Card
September 9, 2025
11 min
240
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21 of 100
Episode 240 · September 9, 2025
Why I Refuse To Use A Debit Card
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Minority Mindset Episodes Around September 9, 2025
Episode 21 of 100 — walk the feed in the order it was published.
Why I Refuse To Use A Debit Card
Summary
"I don't own a debit card. I try to use my credit card to make every purchase possible unless I have to pay a credit card processing fee."
Jaspreet reveals why he hasn't touched a debit card in years and how this one financial habit has saved him thousands while earning him free travel, cash back, and premium perks. But before you rush to get a credit card, he breaks down the two non-negotiable rules that separate smart users from people who get destroyed by debt.
What You'll Learn:
The four types of benefits credit cards give you that debit cards never will
Why using a debit card is like taking on all the risk with none of the rewards
How Jaspreet lost $3,500 using a debit card and why it would never happen with credit
The two strict laws he follows to avoid credit card debt (break these and you're toast)
Why credit card companies get rich off 25-30% interest while keeping you broke
How to use credit card cash back as an investment bonus instead of lowering your balance
Why your credit score might be a scam designed to keep you spending
Jaspreet exposes the truth about debit cards being a wealth killer and credit cards being a powerful tool when used correctly. He also shares his personal horror stories of stolen cash and debit card fraud that changed how he thinks about payment methods forever.
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