The video advises you to "be a deadbeat". What does that mean?

A.
Make the minimum payment on your credit card on time each month.

B.
Pay your credit card bill in full and on time every single month, thus paying no interest or fees.

C.
Never open a line of credit so the credit card companies do not make any money.

1 answer

The phrase "be a deadbeat" in the context of credit cards often refers to option B: "Pay your credit card bill in full and on time every single month, thus paying no interest or fees." This means that you take advantage of the benefits of using a credit card without accruing interest charges, as you are not carrying a balance. This aligns with the idea of being a "deadbeat" in the sense that you are effectively using the credit card company's money for free, as long as you pay it off promptly.

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