Name: H. Foley's Unlimited Credit Scheme! | Are You Garbage
Uploaded: 2025-02-03T20:56:19.000Z
Description: Watch the stand-up comedy video 'H. Foley's Unlimited Credit Scheme! | Are You Garbage' from Are You Garbage Clips on Comedy Buff. Published 2025-02-03. Transcript available.

Watch the stand-up comedy video 'H. Foley's Unlimited Credit Scheme! | Are You Garbage' from Are You Garbage Clips on Comedy Buff. Published 2025-02-03. Transcript available.

That's the way I look at credit cards, too, which I know is the wrong way to
look at it.
Yeah, but hit me with it.
I don't know what you're talking about.
That it's just always going up and down.
Yeah, it's called revolving credit.
So what's the difference?
You have that money.
Until you make the last payment, you're ahead of the game.
No, that's what they want you to think.
If you pay it off and never use the card again, that's how they get you.
Wait, hold on.
Don't you get it?
No.
Okay, so let's say you're leaving an open balance.
Okay, let's say I have an American Express card.
Okay, I could live in that world.
Let's say there's $10,000 on there.
I have a $10,000 available credit.
Okay.
Let's say I'm at that $10,000.
Okay.
Okay, I pay that off.
I immediately have $10,000 more grand.
Sure.
So the only time that you lose on the deal is if you pay it one last time and
then don't use it.
That's when the buck stops.
But are you paying it in full?
Let me ask this.
And be honest.
Because I know how you operate.
This was hypothetical.
Are you paying in full?
I'm paying what the bill is that month.
Whatever the chunk is.
Sure.
Am I paying it back to zero?
The current balance.
You're paying your current balance.
Current balance.
Are you throwing any mini payments there?
Any minimums?
Minimum payment, no.
$89,99.
No minimums.
No minimums.
Anything ever less than the current statement?
Not your total balance.
Your current balance.
Yeah.
No.
No, no, no.
I'm paying the current balance.
Okay.
They don't let you do that.
They hit you.
What?
Amex will hit you with that.
Of course.
That's what I thought you were saying.
Crush it.
So how do you think they're getting you if you never use it again?
Because then you've had to pay back the $10,000.
What?
You've had to pay back.
You don't get to use the $10,000 that's in there anymore.
If you pay it back and never use it again, then you lost $10,000.
No, you didn't.
Yes, you did.
Because if you use it again.
They're not giving you $10,000.
They're loaning you $10,000 that you have to pay back.
Right.
Which now I have another $10,000 once I pay that $10,000.
I know, but that $10,000 is sitting there.
If you ever wanted to use it, you can use it.
What $10,000?
The $10,000 I have in cash or the $10,000 on the credit card?
Huh?
So you're missing what I'm saying.
100%.
As long as you keep using the card once you pay it off, it's all the same,
whether it's in a checking account or whether it's in a credit card.
That's your money.
All right.
All right.
Okay.
Yeah, that's all I'm saying.
It's just running.
Okay.
Hold on.
So you're counting that $10,000 credit limit as your money, right?
Yes.
A hundred?
Okay.
No, that's fine.
But to explain it this way.
Until the day I stop using it, it's mine.
I know, but then that $10,000 is still hypothetically sitting there.
If you're counting it as yours when you're using it, when you're not using it,
you still have an available $10,000 to use.
If I needed it, yeah.
Yeah.
So you're just deciding to count it one time and not another time.
No.
I'm saying like if I got rid of the credit card, I should have prefaced that.
Yeah, no one's ever done that.
You just keep the card and it sits there.
And honestly, the lower balance helps you more because your credit score goes
up.
My credit score goes up and down like every month.
It's because you're running your credit card balance is so high.
That happens every single month.
It goes, your increased credit uses has happened and it lowers your credit
score.
But then once you pay it off, it goes back up again.
So none of it really matters.
None of it makes sense.
Imagine if it never went down those five points and stayed there.
Yeah.
And then it would continue to go up rather than go down.
Would it?
Or would it just sit there?
Because I'm not making any moves.
No, it would hypothetically go up if you're staying financially whole.
Hmm.
In what world is somebody opening a credit card, using it once, and then canceling
it?
You know, I don't know if I love this, to be honest with you.
Well, I just got you $10,000 worth of it.
Oh, man.
That put my brain in a pretzel.
You don't get what I'm saying?
I guess if you canceled the card, sure.
As long as you don't cancel that card, you're still in there.
Yeah, I don't know.
You're still in the game.
I don't know.
Sure.
Plus, you got an email.
I don't know, but you walk such a tightrope when it comes to that that it's not
worth the stress
and the headache and the...
It's just not worth it.
You should just spend cash.
You know what I mean?
On what?
Whatever you're putting on the card.
Or put it on the card, keep it on autopayment, and just let it clean out.
You don't do that either.
Fuck that.
I said, I don't try.
I mean, you're...
This guy's playing with...
Autopay for a credit card?
I don't know what they're going to take.
And then I got to have enough of that in the checking account to cover that.
Well, that's another thing.
I don't understand what you do with your money.
I don't like to leave a lot of stuff in the checking account.
That's the short pocket.
I like the deep pocket.
Yeah, but then you're jumping, but that's how you get jammed up and missed
stuff,
because you're spinning too many plates.
I haven't missed anything.
I'm chilling.
I don't know.
You're the...
I mean, you're talking about some sort of credit card scam.
No one can wrap their head around.
It's not a scam.
It's not not a scam.
Yes, it is.
No, it isn't.
That's a free $10,000.
Anytime you talk about a credit card, that's a free $10,000.
It ain't on the up and up.
No, no.
I don't want that.
I don't want that out there.
Get out of here.
Look how scared you get.
What, Amex is going to come get you?
No.
I'm saying...
You're a fucking weirdo.
If you pay your credit card bill, you then have access to that money
immediately.
So it's a revolving door.
A hundred...
No one's arguing about that.
Yeah, that's all I'm saying.
It's pretty cool.
This has been the finance hour with two idiots and a con man.
And a criminal.
That's not true.
Oh, man.
Look how weird.
No, don't say that.
Don't say that.
I'm a psycho parent.
Don't say that.
Like, Amex is going to come and get you for your two grand.
Ain't got bigger fucking fish to fry than your two grand.
Oh, my God.
Don't tell nobody.
But when I paid them, they let me...
They give me another $2,000, suckers.
I found a glitch in the system.
I'm in the matrix.
Idiots.
There's back doors and all this.
These guys are idiots.
I give them the money.
They loan me more money at 28%.
These guys are idiots.
They hit me with annual fees.
These guys are so stupid.
Stop it.
They're giving me miles.