[Music]
by what you can afford or charge it
welcome to watchmojo.com and in this
installment of verses we’re pitting cash
against credit to see which of these
forms of payment is superior we’re
ranking the pros and cons of paying with
physical currency versus the pleasure of
plastic in order to see which method
truly offers the most bang for your
proverbial buck you turn to me that’s
when she said it’d get me dead in the
face as cash accredited nauseous in my
pants but they know nothing wrong with
me
round one acceptability are you on the
list
but I believe my friends are perhaps you
know that Franklin Grant and Jackson
just about everyone accepts cash as a
form of payment for all debts public and
private no matter where your journey
leads you one thing you can count on in
life is that everyone wants money let’s
say you’re vacationing somewhere the
dollar isn’t accepted sure it’s easier
to pay with credit but those transaction
fees add up plus if you forget to call
your credit card company before your
trip they could flag your overseas
spending as fraudulent and lock your
account of course mom-and-pop
restaurants or local tour guides may not
even accept cards so it’s always prudent
to keep cash on hand you can get those
dollars exchanged in a jiffy what’s more
it’s mighty satisfying to pull out a wad
of cash and plunk down the exact number
of dollars in cents you need to settle
your tab because sometimes you need
exact change another thing I hate about
you you always pay an exact change
you’re just mad because I have a nice
change purse or you need to break a 20
for a pack of gum having cash on hand is
handy when paying for small purchases
this is when Portability and convenience
become very important she bought the
whole bottle of Industry sure a card
takes up very little of your wallets
real estate as compared to all those
coins and bills and swiping is super
convenient 7 minutes
never leave the cave without it but
depending on the size of the purchase it
can slow down the transaction which
isn’t so pleasant for customers behind
you in line just don’t assume that your
time is more important than others
another strike against credit is the
fact that some merchants are particular
about which cards they accept of the
four main cards Visa and MasterCard are
relatively universal whereas American
Express and Discover are not due to
their generally higher processing fees
[Music]
32:57
we take Visa that means potentially
needing to have a variety of different
cards on deck look at this thing
to make matters worse some merchants go
the cash only route to avoid paying fees
to the card companies at all cash only
who’s next
well that seals it the fact that you can
pay for pretty much anything with
physical currency means that in terms of
acceptability cash is king winner
– and that’s all the way you can earn
this much please round to safety credit
card let’s face it having large amounts
of cash on you at all times isn’t
exactly the wisest behavior firstly
ostentatious shows of wealth attract bad
guys secondly if that money is stolen or
lost that’s it it’s gone there is little
to no chance of recovering those funds
unless some pretty quick and effective
police work rounds it up on the double
[Music]
on the other hand many credit cards
arrive armed with various forms of
purchase protection written into their
policies or at the very least they have
such programs available to their
customers that way the victim is not on
the hook for unauthorized purchases or
charges associated with that card
well mr. Halpert you’re obviously not in
San Juan Puerto Rico wait a minute
yes I am going to go ahead and put a
hold on your card which brings us to the
issues of cybercrime
stolen credit cards and identity theft
this is identity theft this is a felony
we need to find out what did this we did
mention that protection against these
kinds of dangers is available but even
so it can take a while to recover from
an identity theft for example take a
look here we can see the mick thief
swiping a customer’s credit card twice
once for an actual food order and then
again on a skimmer copying a cards info
in some cases it can take months and
many many phone calls to get your credit
score back to normal I’ve never been
been to the state I’m here with you guys
I’m in Colorado how can I be in Florida
but there is a light at the end of the
tunnel
many credit card companies these days
are very accommodating in taking care of
their customers there is no denying that
the most effective way to avoid identity
theft when making a purchase is to use
cold hard cash but this method has
fallen out of favor with the kids these
days whether they’re making online
purchases or shopping at the mall
plastic is sleek and designed to be
portable and it’s not uncommon for young
consumers to carry cards as their
primary form of payment using an ATM
only when they need to bring cash
essentially carrying cash equals more
bulk and more stress than many people
want to deal with so this round goes to
the credit cards winner’s credit the
black titanium corporate card I thought
it was just a myth
round 3 anonymity for us anonymity will
be the first line of defense so we’ve
established that using cash is the only
way to truly remain safe from the threat
of identity theft it’s also the only way
to avoid leaving a paper trail
takes time and effort to follow the
footprints of someone who only pays in
cash and probably more skill than the
average person has if this all sounds a
bit well sketchy that’s because it is
cash is the preferred means of payment
for those engaging in less than legal
activities like money laundering bribery
or extortion I got the money now they
have to clean it casinos
tracks if they make a big drug by flip
it across town of course it isn’t only
criminal to enjoy the freedom of
physical currency some consumers just
like their privacy from Big Brother or
enjoy paying for goods and services
without having to share information or
sign up for a credit or retail store
card they might just want to shop travel
or otherwise get on with their day
without having to worry about bringing
the wrong car to the grocery store or
shopping mall credit cards on the other
hand are just that credit with a store
or company by signing up for a credit
card you’ve made a promise that you’ll
pay for whatever you purchase at a later
date you borrowed his money pay him this
helps you build credit and allows
lenders to see that you’re a reliable
spender while also potentially earning
you bonus points and rewards
however like we said it’s hard to stay
anonymous once you fall down the credit
card rabbit hole as you’ve already
shared the information companies require
to keep you in their databases you don’t
pay your bills man I gotta cut the card
if this round is all about keeping your
anonymity then it’s a no-brainer ah
gotta love the money trailer credit card
leaves this raises Cash’s value two to
one against credit cards winner cash
round for rewards while there may be
many benefits to using cash let’s
discuss the potential rewards to be
honest using cash has no additional
benefits sure paying immediately for an
expensive dinner or a pair of concert
tickets prevents you from potentially
having to pay interest down the road and
in some cases you might be able to talk
a merchant into giving you a discount if
you’re paying for a large purchase in
cash but that’s about it big mistake
big huge I have to go shopping
comparatively credit cards offer many
incentives we’ve already mentioned that
sometimes when you sign up for a store
card or a credit card you may be
eligible for built-in benefits some
cards offer special points for every
dollar spent which can earn you cash
back on purchases or it can help you
rack up frequent flyer miles for that
dream vacation for example I earn those
miles yeah you earn them flying to
Denver to meet your whore the downside
to this of course is interest but if
you’re able to keep track of your
spending and always pay on time then
using a credit card may be an easy way
to book a free flight or hotel room
something cash can’t do when it comes to
free swag sweet plane trips are frankly
any kind of incentive cash just can’t
compete we have to give this fourth
round to credit cards winner credit
here’s my Barney’s card knock yourself
out
I’ll take it off my pad bro round 5
impact on credit score but you might be
surprised at just how many aspects of
your life your credit report can affect
because it’s not just bank’s deciding
whether to lend you money
before we start awarding points to cash
or credit we have one big question what
is a credit score basically it’s a
number that represents how trustworthy
you are in terms of paying off your debt
money it’s determined by many factors
like how many credit cards are in your
name if you carry a balance on those
cards and by how much you pay down your
debt every month what credit school in
there yes and you should be ashamed of
yourself
lenders like banks mortgage brokers
credit card companies etc use that
number to decide if you qualify for a
loan or a new credit card for example
I’m sorry miss Bradshaw but you are not
a desirable candidate for a loan let’s
face facts
many credit card companies hope you’ll
be tempted to buy something you can’t
afford and carry a balance on your card
this is a lot of credit card debt yet
that way they can cash in on the accrued
interest or late fees that result from
poor spending habits the red bar is what
you spend on non essentials like
magazines entertainment
right things like that this scary black
bar is what you spend on things that no
one ever ever needs at this point you
might be thinking hmm that doesn’t seem
worth it you may also be thinking that a
cash-only diet is clearly the safe route
to keep your credit rating intact
unfortunately it’s not spending only
cash could certainly improve your credit
in the short term especially if you’re
using it to pay down your debt what do
you need money for a divorce
no mom Tobias and I are doing fine thank
you it’s my credit card debt in fact
according to some experts you can go
from spending more than you make to
actually building a savings just by
switching to cash as it helps rein in
spending good cheap stock not the
expensive shit Don Perignon it’s 400 a
bottle oh that case I’ll only have to
however because your score partly
depends on your account balances versus
your credit limits if you never charge
anything you aren’t showing lenders
whether you’re trustworthy or not in
that case your credit score could go
down or simply disappear altogether
erased from existence
banks may even close your credit cards
if you have zero balance and never
charge anything and that would make
things difficult for those big important
purchases down the road because it’s a
lot more complicated to build credit
using only cash we have to give credit
where credit is due and award this round
to well credit winner credit you think
that’s all I do and just a ditz with a
credit card ultimately credit cards are
a necessary evil they’re an important
building block to help you establish
credit meaning that in the future you’ll
be able to secure a mortgage to buy a
house or get a car loan to buy a new
ride cash may be king but by a score of
3 to 2 credit is the winner of this
versus battle do you agree with our
choice did we pick your preferred method
of payment defend cash or credit in the
comments man be sure to subscribe to
watchmojo.com for more thought-provoking
vs. battles
[Music]
Stella was right I wasn’t about the
money of course that’s it stop the guys
from having a little bit of fun
[Music]
you
by what you can afford or charge it
welcome to watchmojo.com and in this
installment of verses we’re pitting cash
against credit to see which of these
forms of payment is superior we’re
ranking the pros and cons of paying with
physical currency versus the pleasure of
plastic in order to see which method
truly offers the most bang for your
proverbial buck you turn to me that’s
when she said it’d get me dead in the
face as cash accredited nauseous in my
pants but they know nothing wrong with
me
round one acceptability are you on the
list
but I believe my friends are perhaps you
know that Franklin Grant and Jackson
just about everyone accepts cash as a
form of payment for all debts public and
private no matter where your journey
leads you one thing you can count on in
life is that everyone wants money let’s
say you’re vacationing somewhere the
dollar isn’t accepted sure it’s easier
to pay with credit but those transaction
fees add up plus if you forget to call
your credit card company before your
trip they could flag your overseas
spending as fraudulent and lock your
account of course mom-and-pop
restaurants or local tour guides may not
even accept cards so it’s always prudent
to keep cash on hand you can get those
dollars exchanged in a jiffy what’s more
it’s mighty satisfying to pull out a wad
of cash and plunk down the exact number
of dollars in cents you need to settle
your tab because sometimes you need
exact change another thing I hate about
you you always pay an exact change
you’re just mad because I have a nice
change purse or you need to break a 20
for a pack of gum having cash on hand is
handy when paying for small purchases
this is when Portability and convenience
become very important she bought the
whole bottle of Industry sure a card
takes up very little of your wallets
real estate as compared to all those
coins and bills and swiping is super
convenient 7 minutes
never leave the cave without it but
depending on the size of the purchase it
can slow down the transaction which
isn’t so pleasant for customers behind
you in line just don’t assume that your
time is more important than others
another strike against credit is the
fact that some merchants are particular
about which cards they accept of the
four main cards Visa and MasterCard are
relatively universal whereas American
Express and Discover are not due to
their generally higher processing fees
[Music]
32:57
we take Visa that means potentially
needing to have a variety of different
cards on deck look at this thing
to make matters worse some merchants go
the cash only route to avoid paying fees
to the card companies at all cash only
who’s next
well that seals it the fact that you can
pay for pretty much anything with
physical currency means that in terms of
acceptability cash is king winner
– and that’s all the way you can earn
this much please round to safety credit
card let’s face it having large amounts
of cash on you at all times isn’t
exactly the wisest behavior firstly
ostentatious shows of wealth attract bad
guys secondly if that money is stolen or
lost that’s it it’s gone there is little
to no chance of recovering those funds
unless some pretty quick and effective
police work rounds it up on the double
[Music]
on the other hand many credit cards
arrive armed with various forms of
purchase protection written into their
policies or at the very least they have
such programs available to their
customers that way the victim is not on
the hook for unauthorized purchases or
charges associated with that card
well mr. Halpert you’re obviously not in
San Juan Puerto Rico wait a minute
yes I am going to go ahead and put a
hold on your card which brings us to the
issues of cybercrime
stolen credit cards and identity theft
this is identity theft this is a felony
we need to find out what did this we did
mention that protection against these
kinds of dangers is available but even
so it can take a while to recover from
an identity theft for example take a
look here we can see the mick thief
swiping a customer’s credit card twice
once for an actual food order and then
again on a skimmer copying a cards info
in some cases it can take months and
many many phone calls to get your credit
score back to normal I’ve never been
been to the state I’m here with you guys
I’m in Colorado how can I be in Florida
but there is a light at the end of the
tunnel
many credit card companies these days
are very accommodating in taking care of
their customers there is no denying that
the most effective way to avoid identity
theft when making a purchase is to use
cold hard cash but this method has
fallen out of favor with the kids these
days whether they’re making online
purchases or shopping at the mall
plastic is sleek and designed to be
portable and it’s not uncommon for young
consumers to carry cards as their
primary form of payment using an ATM
only when they need to bring cash
essentially carrying cash equals more
bulk and more stress than many people
want to deal with so this round goes to
the credit cards winner’s credit the
black titanium corporate card I thought
it was just a myth
round 3 anonymity for us anonymity will
be the first line of defense so we’ve
established that using cash is the only
way to truly remain safe from the threat
of identity theft it’s also the only way
to avoid leaving a paper trail
takes time and effort to follow the
footprints of someone who only pays in
cash and probably more skill than the
average person has if this all sounds a
bit well sketchy that’s because it is
cash is the preferred means of payment
for those engaging in less than legal
activities like money laundering bribery
or extortion I got the money now they
have to clean it casinos
tracks if they make a big drug by flip
it across town of course it isn’t only
criminal to enjoy the freedom of
physical currency some consumers just
like their privacy from Big Brother or
enjoy paying for goods and services
without having to share information or
sign up for a credit or retail store
card they might just want to shop travel
or otherwise get on with their day
without having to worry about bringing
the wrong car to the grocery store or
shopping mall credit cards on the other
hand are just that credit with a store
or company by signing up for a credit
card you’ve made a promise that you’ll
pay for whatever you purchase at a later
date you borrowed his money pay him this
helps you build credit and allows
lenders to see that you’re a reliable
spender while also potentially earning
you bonus points and rewards
however like we said it’s hard to stay
anonymous once you fall down the credit
card rabbit hole as you’ve already
shared the information companies require
to keep you in their databases you don’t
pay your bills man I gotta cut the card
if this round is all about keeping your
anonymity then it’s a no-brainer ah
gotta love the money trailer credit card
leaves this raises Cash’s value two to
one against credit cards winner cash
round for rewards while there may be
many benefits to using cash let’s
discuss the potential rewards to be
honest using cash has no additional
benefits sure paying immediately for an
expensive dinner or a pair of concert
tickets prevents you from potentially
having to pay interest down the road and
in some cases you might be able to talk
a merchant into giving you a discount if
you’re paying for a large purchase in
cash but that’s about it big mistake
big huge I have to go shopping
comparatively credit cards offer many
incentives we’ve already mentioned that
sometimes when you sign up for a store
card or a credit card you may be
eligible for built-in benefits some
cards offer special points for every
dollar spent which can earn you cash
back on purchases or it can help you
rack up frequent flyer miles for that
dream vacation for example I earn those
miles yeah you earn them flying to
Denver to meet your whore the downside
to this of course is interest but if
you’re able to keep track of your
spending and always pay on time then
using a credit card may be an easy way
to book a free flight or hotel room
something cash can’t do when it comes to
free swag sweet plane trips are frankly
any kind of incentive cash just can’t
compete we have to give this fourth
round to credit cards winner credit
here’s my Barney’s card knock yourself
out
I’ll take it off my pad bro round 5
impact on credit score but you might be
surprised at just how many aspects of
your life your credit report can affect
because it’s not just bank’s deciding
whether to lend you money
before we start awarding points to cash
or credit we have one big question what
is a credit score basically it’s a
number that represents how trustworthy
you are in terms of paying off your debt
money it’s determined by many factors
like how many credit cards are in your
name if you carry a balance on those
cards and by how much you pay down your
debt every month what credit school in
there yes and you should be ashamed of
yourself
lenders like banks mortgage brokers
credit card companies etc use that
number to decide if you qualify for a
loan or a new credit card for example
I’m sorry miss Bradshaw but you are not
a desirable candidate for a loan let’s
face facts
many credit card companies hope you’ll
be tempted to buy something you can’t
afford and carry a balance on your card
this is a lot of credit card debt yet
that way they can cash in on the accrued
interest or late fees that result from
poor spending habits the red bar is what
you spend on non essentials like
magazines entertainment
right things like that this scary black
bar is what you spend on things that no
one ever ever needs at this point you
might be thinking hmm that doesn’t seem
worth it you may also be thinking that a
cash-only diet is clearly the safe route
to keep your credit rating intact
unfortunately it’s not spending only
cash could certainly improve your credit
in the short term especially if you’re
using it to pay down your debt what do
you need money for a divorce
no mom Tobias and I are doing fine thank
you it’s my credit card debt in fact
according to some experts you can go
from spending more than you make to
actually building a savings just by
switching to cash as it helps rein in
spending good cheap stock not the
expensive shit Don Perignon it’s 400 a
bottle oh that case I’ll only have to
however because your score partly
depends on your account balances versus
your credit limits if you never charge
anything you aren’t showing lenders
whether you’re trustworthy or not in
that case your credit score could go
down or simply disappear altogether
erased from existence
banks may even close your credit cards
if you have zero balance and never
charge anything and that would make
things difficult for those big important
purchases down the road because it’s a
lot more complicated to build credit
using only cash we have to give credit
where credit is due and award this round
to well credit winner credit you think
that’s all I do and just a ditz with a
credit card ultimately credit cards are
a necessary evil they’re an important
building block to help you establish
credit meaning that in the future you’ll
be able to secure a mortgage to buy a
house or get a car loan to buy a new
ride cash may be king but by a score of
3 to 2 credit is the winner of this
versus battle do you agree with our
choice did we pick your preferred method
of payment defend cash or credit in the
comments man be sure to subscribe to
watchmojo.com for more thought-provoking
vs. battles
[Music]
Stella was right I wasn’t about the
money of course that’s it stop the guys
from having a little bit of fun
[Music]
you
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