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Gotta have a credit card right.
Maybe not USA today reporting that more and more consumers are saying no to plastic and Dave Ramsey is very excited about that he joins us live from his radio show.
In Nashville Tennessee to tell yet.
How it's gonna be done now there are some things are very hard to do Dave without a -- like renting a car for example I have to do that all the time.
Because I don't know one or even booking.
Rooms in -- hotel sometimes they.
Ask for credit card over the phone they won't hold it for how -- get around these are.
Well I am -- in this -- -- USA today calls and interviews me in and gets to talk about this subject that we've been talking about for so many years on our show.
I'm excited about it the way we do it as a -- we've done -- last many years the debit card.
Debit card to every single thing your credit card will do except put chew into debt -- -- hasn't exactly -- -- -- of days when they ask for credit -- to hold it.
Sure sure I I don't have a credit card and I travel all Lott as you know.
And you know I don't have any trouble renting a car and have any trouble -- holding a hotel.
You know I don't run anything that's about it below -- hold on the kennel she actually to have some money in the account if you do a lot of traveling.
But you probably ought to have that anyway hello and you have some money in the -- if you weren't sending analyst -- Bank on the card.
Good point Dave and you -- as we talk about it over and over.
Issuing this clarion call about stop getting into debt but tell us what you really think about the future of credit cards.
The trend has obviously begun equity USA today's -- god forbid it's about the Fox Business is talking about a public USA today brings that up.
-- you are people are now really realizing that it might be way more of a hindrance to have a credit card.
Well they're starting to realize what I've said for years -- -- -- -- financial -- of interviewed lots and lots of millionaires and -- never -- once -- -- -- -- and all of my airline miles.
I just never met anybody that the credit -- has caused them to prosper.
But there's only a downside there's really no upside -- -- some illusions and some mythology around it but when you really cut through to the truth and that's what you find.
And what we've seen is this a few years back about a decade ago the check.
And the writing a check in the -- war.
Started to leave and the debit card replaced it it's almost completely replace it's very unusual to see consumer writing a check at a store.
These days the debit card has replaced the check.
Two years ago the credit card transactions were passed by.
Debit card transactions more debit card transactions for the last 2436 months.
Especially during these times when the -- a little slow and people are very careful with their money the credit card -- started to be pushed away.
Add to that the anger that the consumer has felt congress' reaction what the new credit card laws.
And boy just mix in there being ticked off about the way college campuses and all the credit card.
Wow you've got fuel here for the credit card to become the financial so --
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