Velocity Banking: How Do You Know Which Credit Card Should be the Primary?
Ask Me How I Budget Ask Me How I Budget
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 Published On Nov 6, 2023

Velocity Banking is a debt reduction strategy that pays debt down FAST! I teach how to use your high interest, high balance, high minimum payment credit cards to get yourself OUT of debt and in much less time than you ever thought possible.

In this video, a viewer asks, How do you know which card is your primary card? I explain why, in Velocity Banking, your primary card should always be the card with the highest minimum payment.

The key is to use your primary card exclusively for day-to-day budgeted expenses like groceries and gas. By making weekly or bi-weekly payments (and yes, this even works if you're paid monthly), you can cover these expenses without worrying about a monthly minimum payment. This strategy ensures you meet your obligations without extra hassle. Watch to learn more about maximizing your credit card usage for your benefit!

Once you learn how velocity banking truly works, I think you'll be convinced, as I was, that this is the BEST way to pay off credit card debt.

NOTE: I am not a financial advisor and I do not provide professional financial advice; the information presented on this channel is presented for information and educational purposes only. Following any words, actions, or advice in this video or on this channel AS professional financial advice is not intended and is the responsibility of the viewer, not the video creator. The knowledge presented herein was gained from my personal journey getting out of credit card debt. This channel was created to share my experience with others.

#askmehowibudget, #velocitybanking, #velocitybankingwithacreditcard

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