When Mark Cuban agreed to a $140,000 bottle of Armand de Brignac to celebrate the Dallas Mavericks' first NBA title, he didn't expect to be hustled into the back room of a Miami nightclub — on hold with American Express. But that's exactly what happened after the 2011 NBA Finals when his freshly issued Black Card flopped at LIV.
The irony? Cuban has spent years warning people to stay far away from credit cards. In a 2014 appearance on "The Dave Ramsey" Show, he doubled down on his anti-debt stance, telling Dave Ramsey, "The best place to invest is to pay off all your credit cards and burn them." He added, "If you use your credit cards, you don't want to be rich." That quote — now repeated endlessly — summed up his philosophy on interest rates being wealth killers.
