Are Credit Card Rewards Fooling Americans? Dave Ramsey Thinks So

Ramsey says credit rewards boost spending without building wealth, as his research shows  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

May 21, 2026   |   Read online In partnership with TOP PICK FOR YOU Personal Finance Dave Ramsey Exposes the Credit Card Points 'Trap' — Says No Millionaire Got Rich From Rewards Financial expert Dave Ramsey dismisses credit card rewards as ineffective for wealth building, based on a study of over 10,000 millionaires. Learn about the psychology of spending and the pitfalls of loyalty programmes. Read More ADVERTISEMENT 700+ teams have Viktor reading their Google Ads every morning. Your media team opens Slack at 8am. There's a cross-platform brief in #growth: Google Ads spend vs. ROAS, Meta CPA by campaign, Stripe revenue by channel. Viktor posted it at 6am. Nobody asked for it. Last week, one team's Viktor caught a spend spike at 2am on a broad match campaign and flagged it in Slack: "CPA up 340%. Recommend pausing and shifting budget to the top two performers." That would have burned $3K by morning. The media buyer woke up to a problem already handled. Your strategist reviews spend trends. Your account manager checks revenue attribution. Same Slack channel, same colleague, before anyone's first coffee. Google Ads, Meta, Stripe. One message. No Looker, no Data Studio. Anomaly detection runs around the clock. Cross-platform reporting runs on autopilot. 5,700+ teams. SOC 2 certified. Your data never trains models. "Viktor is now an integral team member, and after weeks of use we still feel we haven't uncovered the full potential." — Patrick O'Doherty, Director, Yarra Web Start free. $100 in credits → PERSONAL FINANCE Savings Kevin O'Leary Says Gen Z Is 'Financially Cooked' Spending $28 on Lunch; Some Agree, Others Push Back Kevin O'Leary's remarks on young professionals' spending habits have sparked a debate on financial discipline, inflation, and wealth-building, highlighting generational divides in personal finance strategies. Read More BUSINESS Business Musk to Seize Total Control of SpaceX IPO With Absolute 85% Voting Power SpaceX is set for a historic IPO, revealing financial details and ambitious plans for multiplanetary expansion, while maintaining control under Elon Musk's leadership. Read More PERSONAL FINANCE Savings Affordable Care Act Coverage Crisis Worsens — 5 Million Americans Expected to Drop Insurance Approximately 5 million Americans may lose ACA health insurance in 2026 due to a 58% premium increase following the end of enhanced tax credits, impacting affordability and coverage choices. Read More ADVERTISEMENT Speak the email. Send the email. Talk through your reply and get polished, professional text ready to paste. Wispr Flow strips filler, fixes grammar, and formats everything. 89% sent with zero edits. Works everywhere. Try Wispr Flow free BUSINESS Elon Musk Reveals Investing Advice He's Asked About Constantly — And Why It Matters Now Elon Musk advises investors to buy stocks in companies they believe in, diversify investments, and avoid selling during market panics unless company fundamentals deteriorate. Read More IBTimes Mags World 'Taxing the Rich Won't Help': Jeff Bezos Defends the Ultra-Wealthy Amid Tax Debate — Zohran Mamdani Hits Back Jeff Bezos told CNBC that the bottom half of US earners should pay zero income tax and dismissed wealth taxes. NYC Mayor Zohran Mamdani fired back. Read More World TSA Allows Medical Marijuana On Flights For The First Time Since 1970 But Forgot To Write The Rules The TSA now lists medical marijuana as allowed on US flights, but published no rules on quantity, documentation, or what happens when you land in a state where it's illegal. Read More Business UAE Plans to Bypass the Strait of Hormuz to Export Oil Via the Gulf of Oman with an Ingenious Unexpected Plan The UAE is expediting its oil pipeline expansion to bypass the Strait of Hormuz, enhancing export capacity and energy security amid regional tensions threatening global energy corridors. Read More World China and Russia Move Toward 40 Agreements After Trump-Xi Summit Produced Limited Commitments Russian President Putin visits Beijing to strengthen ties with China, signing 40 agreements amid global tensions. The visit follows Trump's summit with Xi, which yielded limited concrete outcomes. Read More Business Make Under $500,000 a Year? Your IRS Audit Risk Is Under 1% — But One Common Mistake Can Change That IRS audits have decreased significantly, especially for high earners, but taxpayers should still file accurately to avoid scrutiny. The IRS may focus on high-risk cases despite fewer audits. Read More   Update your email preferences or unsubscribe here © 2026 IBT Media Type Sierra Quebec Bravo, 77 Marsh Wall, London, England E14 9SH, United Kingdom Powered by beehiiv Terms of Service