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International Business Times UK
International Business Times UK
Business
Stephanie Cruz

Dave Ramsey Exposes the Credit Card Points 'Trap' — Says No Millionaire Got Rich From Rewards

Dave Ramsey Psychology Ramsey Solutions
Ramsey highlights that building wealth depends on smart investing and paying off homes, not credit perks—since personal finance is mostly behavior. (Credit: YT/ Young and Profiting)

Dave Ramsey dismissed credit card rewards as a wealth-building tool during a sit-down on the Young and Profiting podcast, calling the entire points system 'bad math' and citing a landmark study from his firm that surveyed 10,167 millionaires.

'We did the largest study of millionaires ever done at Ramsey Research, 10,167 of them,' Ramsey told host Hala Taha. 'And the number of them that said I became a millionaire because of my points is zero. None.'

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