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Except those stores that offer discounts if you spend using cash

People with credit cards "I'm 5 steps ahead of the game"

When they charge you 22% interest.....they can offer shit like that. Just to be clear, this is not my rate. I'm just pointing out an example.

this channel is such a gem...the animation,the voice-over,the content...i'm so glad i found it a few days back... dude turns everything into chef-d'œuvre...

My bank made the same thing: "Create an bank account, create a credit card, buy something (even 1 cent) and earn 50 dollars

I remember my aunt writing an essay about how in the future everyone will pay with plastic cards Her teacher said it was nonsense

ngl, as a non-American in a country with culture that strongly detests any form of debt this sounds like capitalistic hell

It used to be if you paid with cash, it was store price, but if you pay with card, you'd be charged to use it at the store you were at. People hated this and not many people changed to the cards, It wasn't until someone somehow got the universal prices to go up, getting rid of the extra charge to simply use a card. You literally cut out a big portion of credit card history by forgetting that. I still find little ma and pa stores today still charging customers based on whether they use a card or not, so it isn't like it has been a universal price for all that long. Within the last decade.

Bro, just don’t pay for stuff lmao, any trip is free with the right attitude (and tools)

Startin to think Wells Fargo shoulda stayed strugglin

Now it's inflation

In Sri Lanka for some products they charge extra 3 percent on top of price tag when you pay with card.

it's crazy to think that the place that is keeping all your money is, at the end of the day still a business

I thought he was going to say all the fees for not paying them on time. Also there's a store near where I live that literally advertises that they don't accept credit cards and that's why they can lower their prices. My dad goes to a different store that doesn't advertise that but they have a discount if you use cash.

He just explained inflation in a way that I finally understand. I’ve never gotten until now. Thank you bro,

I control pricing at my business, and we were recently given the option of passing the credit card fee onto the customer. I refused to do it. We pay that fee to be able to make money on sales we otherwise we would not do. It puts money into our pocket. You don't charge people for helping you.

Here in Canada we have to pay that small 2% fee now. Retail stores have been complaining for years so they changed it last year

I like the animation of the video… especially the lady store clerk face turning red…😂😂😂

Genius video and commentary . awesome way to teach. LOL! Too funny but smart at the same time

The past few companies that I worked for would actually tell the customer that there will be a certain percentage surcharge added on to the final bill if they used a credit even a debit card. So you’re paying for that trip to Italy, not the lender or the place you’re doing business with.

Some banks are paying their customers just for inviting others into using that bank

Here in Canada they just passed a law stating WE the credit card holder must pay those lovely fees! _Every, single, time_ we use it, there's gonna be a service charge. AND, it's taxable too!!

I love the animations

Tbh this guy is the best creator on this platform

That's where UPI rocks and the Credit card maker shocks 😎😎

It's one of my favorite shorts from your channel 🙂

I love those stores that just charge more if you use credit and use the normal price if you pay cash or debit

I love the No Free Lunch Theory Reference!!

Was I the only one who noticed that a regional jet was used for the free trip to Italy plane

And AmEx charges the most which is why a lot of places do not accept them. Also why the hood gas station has a $5 minimum for card purchases

this puts into context the places that don't accept credit cards

Thanks for the lesson, I really never used my card because I was scared of it but the simple way you explained it made me want to use it now, ofc I'll pay back what I owe.

thanks everybody who uses cash! saved a lot a money with yall

Big banks struggling? 😂😂 CEO: how will I pay for my beach house?

And the people who pay interest and fees on those cards.

Great video but there’s a problem that there’s no “there’s a problem”

I honestly thought it was taxes that people were paying for it.

Glossing over the fact that rewards were put in place to incentivize the use of credit with the end goal of putting people into debt, and therefore increasing their income. THATS what pays for it all.

Thanks for the amazing content! Keep it up

Thank you for the video .Very well presented .👍👍🇦🇺👏👏

Except they can make it so that only credit card users get the fee. Lots of till systems are set up like that and even come with free signs to put up at the door or by the till. Also, lots of businesses just don't take credit cards. Even big ones.

All I use is cash back cards. Few hundred extra each year in my pocket. Thanks Walmart lmao

Depends on the situation, using CC is more beneficial than cash. This is true especially when buying at big brands.

I litterly knew Wells fargo from the song that goes like "eXcUsE mE hEr NaMeS mArGo" 😂😂

Literally I just watched a Joe Cain speed running shorts with this on it

I love it little kids paying for my trip to Hawaii

In Australia a credit card surcharge is very very common

"Thanks for showing me free credit cards to spend money with, bye 🤑"

Lots of gas stations where I live have two prices per gallon. The cheaper version is for cash payment.

He was right up until the end. Paying cash gets doesn’t get you a discount. It just means that you aren’t subject to paying the interchange fee, if you’re at a store that “discounts” for that. He is correct that a lot of stores raise their prices but it’s not just because of this one issue. People paying cash are not helping banks! The extra that would’ve gone to interchange fees is going to the business as profit, not points on a card.

The people in debt to the credit card companies

Bro's an undercover bank agent, secretly promotin ccs.

"who is paying for all those rewards?" WE ARE. Every dollar of interest MAYBE comes with a couple pennies in points back.

Yeah its a tax on the poor. The whole credit card system should be abolished but it won't be theres too much money in it. Thats why smart people shop sales and discounts. You know who pays for those sales and discounts? The people who pay full retail for it RIGHT NOW. It literally pays to wait and stock up on what you like. Cereal is now $5+ a box so when i go to the store and buy 4 for $8 for box and add a $1 off coupon to the sale price im getting 4 boxes for $7 why the people who might buy a box every week whenever they run out are paying 3-4 times the price because they just didn't shop properly. Get any major chains near you to send their sale flyers or check them online. Sometimes you can save $100 for $5-$10 in gas if you plan your trips and shopping lists in advance. Sometimes you will find a great deal in a store thats not listed as well. Last week i found 12 packs of a premium drink that sell for $12 marked down to $1.99 so for $6 i got 36 16oz drinks that sell for $1+ each thats saving 5/6 of the total price.

The pizza place I work at has a 85 cent cash incentive. A 6 dollar slice becomes almost 7 dollars if you dont use cash.

A moment of silence for people who tried the credit card numbers at the intro

they always ask "who pays for your credit card rewards", but not "how are the people who pay for your credit card rewards"

I love the troll face of anger

In Australia We do Surcharge to customers who use credit card or any cards

What we really need to do is put a cap on interchange fees like the EU did. As it stands, there’s basically a hidden tax on everything (i.e. high interchange fees), then you can get some part of it back via rewards. And if you do manage to get more than you give, it’s just b/c non-high-rewards payers are subsidizing you-you’re essentially defecting in the prisoners dilemma. Highly recommend US Gov’t Accountability Office’s paper 10-45 for a more detailed look.

His voice is so funny lol 😂😂

Henry: lifting up the green screen for the 5000th time

“You know credit cards?” “No.”

The way he licked the sandwich 😂😂

Wait what? This means ive been paying for everybody's vacation to italy.

Some stores ask an additional 2% fee for using a credit cards

My lazy ass has found a new waffle

I live on a farm and one time one of our customers asked my dad about paying in card anf he mentioned this and my dad basically went "why" and then "no"

I thought I saw cockroaches on the wind but never mind

in Portugal's case most non-franchise stores like bakeries,... have a minimum amount (usually 5€) that you can pay with card

Damn, I love your hair

You know those guys hacking bank accounts? Turns out they weren't robbing us

2007, Halo 3, modern warfare, Transformers. My younger brother. That was a good year

Those banks were never that broke or struggling like this

Thank you dave ramsey for paying for mine

That’s why people that pay in cash should get a discount when buying!

Credit card value increment * cought *.

This guy is the best youtuber

That’s also why some places don’t take certain cards

Sounds like some distopian cyberpunk future

Is it right? No. Is it typical? Yes, yes it is.

WHAT?!?! I AM CHANGING FROM DEBIT TO CREDIT!

The businesses are starting to pass that cost onto the customer now. Adding the cost of the fee onto the purchase.

Store owners allowing the use of credit card so that they could receive more costumers. Also store owners when they are charged with credit card fee: 😡

Succinct & perfect explanation Thanks !

"we destroy people with interest. But sure, we're too broke to pay for the points, hahaha"

Sweden be like: DEBIT CARD IS THE BEST

Just imagine if bank spent money , it's like 20% discount on everything for them

Oh my god the banks were NOT "struggling!"

2007? the credit cards entered vista era

Well that’s why stores have a credit card surcharge for some stores

You know what? You confirm what I was telling people who pays cash. Used to tell them store already include a card fee and therefore they overpay if use cash. I’m big on credit and it’s rewards. 🤑

The Monopoly Pieces are Lovely By the way

In my country we use credit/debit cards for EVERYTHING and we can part the price of like a grocery shopping in 16 times with no fees.

Plus the debt/balance on cards that people default on. The banks sell that debt to debt collectors for a nominal amount so they can at least try to collect something, and sometimes those places are able to garnish your wages. But interest has a lot to do with it as well, because these companies expect a certain amount of defaults. But the consumers who actually pay their CC bill with a high interest rate, plus a high balance (interest accrued usually has to do with a percentage of the balance) every month, especially those who just pay the minimum, their money is mostly going to interest and not the principal - free money for the company who issued the card. Most people are going to pay their bills, and the ones who don't get cut off. But the interest payment of higher limit customers help pay for the people who default. I used to work for a finance company. Sometimes our motto was "throw s**t at the wall and see if it sticks."

"whos paying for all those rewards" ...the cardholders that carry a balance at 30% APR

An ad just popped up while i was watching this 💀💀💀💀💀💀

Stores do clash,only

And here's your evil money banking system