5 UNIQUE and TOP ways to EARN from CREDIT CARDS in 2023! | Ankur Warikoo Hindi
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- čas přidán 24. 08. 2024
- Did you know there are multiple ways you can earn money by using your credit cards?
But how does that even work?
Is there something that you should be doing differently?
In this video, we will talk about 5 ways you can earn money from a credit card.
Know more about CRED here: app.cred.club/...
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![What Credit Cards You Should Have by INCOME? [Detailed Review]](/img/n.gif)
Know more about CRED here: app.cred.club/spQx/567ddy6q
Check out my former videos on:
Making money through credit cards: bit.ly/3R9E4Sh
Know all about CIBIL score: bit.ly/3IFjMvU
Sr, need help! Sr can u pay my rest of the college fee of the current semester going. That I can't be able to pay even after working part time.
Keep quiet
Same video nothing new … @warikoo are you out of content😊
Hi Ankur, shouldn't you also look at inflation adjusted difference in the total amount paid to the bank at the end of home loan tenure? Because 13L is a big amount now but not after 25 years!!
I like Ankur Warikoo's point that he does not give introduction in the beginning. Simply start the topic.
But always remember. Just because something has an offer doesn't mean you need it. Let's say there is an offer on a smart watch and you already have a normal watch, don't buy it just because things have an offer from the credit card. Use the offers only on things that you absolutely need.
Thanks for your comment.
What'sap me with the number showing above for more information and consultation on profitable investments
Exactly
A GREAT ADVICE!
Headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?
I agree , I assumed I had a hang of the market at first, I gained $50k one year and I was super elated, not until I stumbled upon a portfolio-advisr whose been guiding me since the market's been sham after the pandemic, to my utmost surprise I nettd a whooping $280K during this dip, that made it clear there's more to the market that we avg joes don't know
I’ve actually been looking into advisors lately, the news I’ve been seeing in the market hasn’t been so encouraging. who’s the person guiding you?
The financial counsellor who advises me Is;Viviana Marisa Coelho, who has a sizeable following and is easily findable online. She has years of financial market knowledge.
I respect your counsel and have booked a call with Viviana to discuss my financial goals since I need all the help I can get. From her credentials, she looks to be a professional.
emxx
Love it that the video starts straight with the main content.
Also love that it seems to be a promo advertisement for cred given the screen time it was offered 😂
Hi Ankur,
Few queries:
1. Every use of credit card comes with some tax in bill, shouldn't we consider that in calculation
2. More you use credit card it decreases CIBIL score, it is usage policy
3. If we fix amount of EMI for 6 months then how we will pay the EMI
Thanks for your comment.
What'sap me with the number showing above for more information and consultation on profitable investments
Plz watch sango life sutras cannel he uploaded a wonderful video on one should not have a credit card.
This why you don't believe in stories from people who have never actually used the product. Bills DONT come with taxes of any kind other than interests and processing fees which have GST attached to them. If you use it for regular normal purchase you pay exactly what you spent, maybe a little less if it is a cashback card.
No, if you use your card, your CIBIL doesn't go down unless you use more than 30% of your available credit limit which can also be bypassed by depositing the amount above 30% before the billing date.
@@pscraft1337 answer his 3rd qstn please
@@privateinvestigator2004 Try thinking it yourself for a change. You can simply split the EMI amounts in three chunks. First part will be fixed for 1 month, second for two months and the third for three months. 🤦
I am following your channel 2 yr+ . I can only tell MORE I WATCH YOUR VIDEOS MORE I LIKE YOU. Currently I am 42 , Staying in Johannesburg. Wish your channel setup 15 years back so that I can avoid lot of mistakes in my life. However at least at the age of 40 I am taking much better decision.Hats Off
2nd tip, if your Rs.87999 is locked for 6 months in FD then how will you pay the 2nd, 3rd and onwards EMI? You will get the money once after 6 months from the FD till date you'll be defaulter in credit card.
might be efd or the flexible fd
That is why they speak very fast and enthusiastically. So that you miss the actual calculation. They want you to focus on the app they promote. He is really promoting a very bad habit of using credit card just beacuse CRED is his friends app.
That really means we shud have 87999 for putting in FD and additional emi we shud spend from salary we recieve 😂
awesome point. But time is more important than money.
basically he wants to say we need to spend 87999 for only earning 6% in months even if we invest on mutual fund and enable swp we can more money from here
Jab same amount 87999 ka fd kar diya to fir 14k vala monthly emi kaise bharenge. Kyoki fd ka interest to 6 mahine baad milega n.🤔🤔😂😂
I have the same confusion
Simple credit card se .
Broh pay that amount with your monthly salary.
Nhi jab broke karo tab milega interest day one se he 🎉
Actually we have to book 5 FD in 2-3-4-5-6 months. And interest will be around 800-900rs I think.
The first pay should be done at first month end. No need to book FD for that.
1:52 : I usually keep my money in Jupiter Pot in such a way that the pot gets matured 1 day before the Bill Due Date and I earn kuch bhi from that as an interest! Also, I can keep whatever amount in the pots depending on my cycle expenses of credit cards.
Can you kindly just explain how it works? Any where to learn about
Pls watch sango Sutra CZcams channel this ankur warikoo makes people fool
Jupiter is a ndfc Bank its basically a Bank product of fredral bank.
The case where someone saves the entire amount for phone purchase in FD, EMI needs to be paid on monthly basis and ideally they'll require the entire sum [stored in FD] + running allocation on monthly basis to pay for the EMI which needs to be considered to make some gain out of it.
Alternative Approach can be to use bridges : Create FDs for each month - at end of each month withdraw only the EMI for the same month and keep the FD running till it gets exhausted.
Shabas
+ gst on EMI transaction
Totally agree with you
Yes 👍
@Warikoo377
Bhai tumne warikoo sir ka account copy to karliya but 1 thing is missing ☑️....
Your content is just mindblowing sir....hats off for you
For the Phone example, the amount of 87K will not be there throughout 6 months as we have to pay monthly EMI's. The initial investment keeps on reducing as we pay EMI hence the overall earning might not be 2700 and will be much less
Correct. I also thought the same.
There is lot of BS in this video
That is why they speak very fast and enthusiastically. So that you miss the actual calculation. They want you to focus on the app they promote. He is really promoting a very bad habit of using credit card just beacuse CRED is his friends app.
I am CRED user from long time as well. Those coins are practically useless now but Ankur has some good points in the video it's not complete BS. If you have the time and patience to do the stuff in the video it's going to be beneficial however spending Lakhs of rupees on credit card each month is not possible for an average person.
That's how he makes us fool
Stocks are falling and bond yields are rising, but markets still don't seem convinced the Federal Reserve will pursue plans to keep increasing interest rates until inflation is under control. I'm still at a crossroads deciding if to liquidate my $150,000 stock portfolio, what's the best way to take advantage of this bear market?
Don’t be confuse buying the dip in a bear market, with guaranteed future returns. Just because that company is down 60%+ from ATH does NOT make it a sound long-term investment. Make sure you’re investing in great companies. kudos to Harriet DICKSON
Wow that's an awesome returns of investment, indeed there's a lot of money to be made in crypto markets trading, I guess it has to be with right people around you. Can you recommend her to me as well? How do I get to her?
A lot of people are complaining about other trader , but I have been investing and trading with her for some years now , and she has been nice to me , I never experienced any lose with her trading, ???????
Credit card is not good ankur warikoo is fraud
Sir, I received my first ever credit card yesterday itself and today this video.. such a blessing.
same here
Cred coins is a big joke in this video.
A credit card is like a genie in a bottle. You rub it, and poof! Your wishes come true. Of course, you'll be paying for those wishes for the next 10 years, but hey, at least you got what you wanted. 😅
😂😂😂
You should know how to use genie. 😉
@@santu006 that’s right 👍
Remove that word 'finance' from your username if you keep such shallow thoughts . Basically, you're not smart enough to use a credit card .
@@gpaulatheist hahaha that was a fun comment, but I guess people are not able to understand it 🤭🤫
I think ankur sir might change his investment strategy from stocks to FD due to unstable markets & high fd ratess which Govt has set! It's better' to have 7-8% fixed rather having 12% volatile ... In search to 12% in stocks we might end up losing principal amounts
Go for index fund
@@singha5008 index too are at lower levels & if I invest then I may miss the basic opportunity of 6% too ....
Bro index is for long term
You need to start in sip mode that way your average price will be low
Just check the past data of Index fund and then think will India's economy grow a lot in future? and then take decision to invest in Index Funds
in the option of buying a phone. if i have 88000 in lump sum, and i put that in fd, so how will i pay the monthly emi? please explain. thank you
Youth ko motivate karo yahi sab faltu chij karne ke aur blind followers isi sab me lage rahenge.
I reached my goal of $200k yearly trade earnings. Setting realistic goals is an essential part of trading
wow!! you know her too?
I even thought am the only one she has helped walked through the fears and falls of forex trading
@@Chaudhryumair697 Hey, I invested largely on stockmarket last year, tried some index but my experience doesn't pay me. I have lost so much trading by myself Please is there any handle or link can get to her..
@@michaelrichard5148 Oh yeah She is always active on whats-app APK🇺🇸
+1315
Dear viewers I just wanted to know you that there is no such thing like No cost EMI. If it is as per each EMI installment you are giving an additional gst on that amount plus there are charges of sites for EMI conversation like Flipkart and Amazon also you pay an additional 18% gst on that amount too. Plus all banks don't give any cashback or reward point if you convert your transaction to EMI so there is also a loss here. I am telling you all of these because I am currently paying an EMI and found all of these things so, be aware.
Can you explain with example
@@krishkhemani96 I purchased a thing worth of 5K at first I have yo pay 199+GST to the filpkart for EMI conversion then for each EMI I paid I paid 100Rs extra because it was the GST on that EMI, EMI and GST are calculated separate not in one. So, for 5K thing I paid 5.4K considering that it was no cost EMI
@@keshavkumar1843 is bajaj finserve card have gst on emi?
I like Ankur Warikoo's point that he does not give introduction in the beginning. Simply start the topic.
Thanks for your comment.
What'sap me with the number showing above for more information and consultation on profitable investments
I had a belief that if you can't buy anything with full money you don't deserve it. I never watched anything related to credit cards. But this video opened different doors for me. Now I'll be a credit card expert in couple of months.
Instead of FD , I am putting my money in small case's ARQ prime and Growth and Income. It gives a better return and is stable. Note : Keep an eye on the charges when when u buy and sell, small case do not show it after u have purchased or sold the stock.
@3:40 If I put 87999 in FD for 6 months, how do i pay the 14,667 emi monthly untill the FD is matured ??
Wahi toh.. Dimaag kamjor hai bhai warikoo ka.. dhyaan mat de
if a call from credit card company comes, i will take up that offer previously i was frightened ....
Basically intent of this video was to promote Cred app as this strategy was already discussed by Warikoo way back a year.
This calculation of emi of 6 month is not directly applicable, as a person need to consider, 1. processing fee on making it into emi, 2. some expected extra amount you are going to pay as interest and GST (apart from intrest discount), 3. the fee you going to pay for the fd processing. Sometimes these minor part can make the profit described in video as null, so overall 6 months smart move with money can make profit null and void.
One more thing I observed the cred giving the price after using the cred coins, on Amazon the product is available at same price (if available)
since it is sponsored video why it is not mentioned over video
Sir I am big big fan your videos 😊Sir but new students ke liye free credit card aur kaise use karke Agar credit card liya toh kya every month use karna padega plz batao sir
A longer version of CRED Advertisement!
I always enjoy your content sir
Omfuuuuu
Nope in all credit card EMIs banks deduct full EMI with interest and GST amount but then interest is refunded in your account and it's called no cost EMI but the GST charged on interest part is not returned..
No cost EMI still costs interest and GST. Interest will be given in advance as discount. So GST is extra which is 18% of interest component
Thanks for your comment.
What'sap me with the number showing above for more information and consultation on profitable investments
cred is scam..koi cashback nhi milta.... 30lakh coins collected but still not benefited even for single Rupee
Earlier in some other video he mentioned he doesn’t know what to do with cred coins piled up in his accpunt and now in this video he talking about the benefits of cred coins 😂😂 kunal might have given him the lessons on how to use cred coins😅
The No Cost EMI is a TRAP...
banks always charge some interest on the EMIs and if we ask, they reply like the bank already gave some monetary benefits at the time of purchase to balance this interest. It's a big LIE
One CATCH in this video. That EMI example for phone, i think ankur missed to tell that those EMI we need to pay so ideally that 80K can't be fixed for 6 months because we will need to pay EMI every month so at the end interest amount will be less.
Which FD can be liquidated after 1 months? Please give options sir..
Ager cibil low h to interst b low hona chahiye
Good ideas sir
One trick I can say to split one bill into 2 parts without going through any EMI process or any special card.
Lets say the billing date is 16th of the month.
made a purchase on 17th of the month - for rs. 40k
this amount is not payable at that month as the bill is already generated. but you can pay 20k anyway (as ankur ji said, you have the money)
next month, when the bill is generated, you pay the rest 20k. this way your spend is divided into 2 "EMIs"
You still only have 45 days to pay the bill
Customers pay GST on No cost EMI:
In a no cost EMI, you provide a discount on the principal. The monthly installment paid by the customer consists of this principal and the interest. As the issuing banks still charge the interest, the customer will be charged the GST on interest by the bank.
Thank you n yes CRED is a very useful app .. i have multiple cards n it really helps me to manage them well...
For no cost EMI, we need to pay GST for the interest charged. That should also be considered for calculation.
Very well explained... thoroughly enjoyed the video, great information!
The Extra Income calculation doesn't factor in the monthly EMI that'll be deducted from the money saved. If that is considered then FD creation becomes difficult and the extra income will reduce as well.
What if I pay my outstanding amount before month end? Does it get included in the bill i recieve? Does if affect my cibil score?
Cred is the best option to manage multiple credit cards safely and simply😊
Its too Informative,
Sir,plz your suggestion or any references on best credit cards to use for which should be zero or as low as much charges.
Hello Ankur - I feel managing budget while using credit card becomes difficult. Any pointers on that?
I have to disagree with you Ankur!
As a small shop owner with already wafer thin margins, i hate to pay the 2+% commision.
I'll happily take UPI payments, but I would also do not want to have customers who spend the money that they don't have yet!
Sir wo no cost emi ka gst bhi add kar lena. Zyada nahi hota but dhyan rakhna padta hai
Great work sir 👍👍
Omfuuuuu
All these days i used to think cred coins are useless until i saw this video 😂
Best Hack for No Cost EMI ❤️
If you have full amount then go for no cost emi and after 4-5 days when EMI gets started on your card ....call card customer care to cancel EMI you will get benefitted by almost 14-15% annual charges will may apply when you pay EMI
it reminded me the 2X rule in JUST KEEP BUYING book. Thanks for the best content ankur.
Video filter is amazing , it gives feel of freshness.
Very useful video thanks sir
can you make a video on cards and basics about that for people who are going to turn 18 in few months it will be very helpful for me and all teens in 17
Hey ankur I'm a 22 year old thats probably going to be entering his professional potential earning in a couple years. Really loved this content as it adds value and understanding about something that will help me in future. I have a request if you could make a video on how to select the right credit card or bank for someone who is new to this!!! Would mean a lot if you could do that
Never try to save money, try to earn as much as possible. You are just 22. Skill bnao aur Paisa kamao. Saving to aisahi ho jayengi.
Post a video on the best credit cards for 2023. Also, LTF credit cards for 2023.
Dear Ankur following msg you should pass to Kunal on CRED
cred is not able to track the right billing amount if it is not able to read sms statement or email .. so this is the one failure point that customer won't like ...100% we can not depend ।। And once this type of scenario occurs cred is not able to show the amount exactly for the future months too ।।।so business model would be better if the app sync directly with credit card companies with their credit card no as Primary Key then this will be solid foundation.. fixing this problem with cred support actually won't work !
Loved the first idea about nocost EMI, but what about the 18% GST charged on the interest? and processing charges?
Thank you Ankur Sir, for always bringing out something new to enrich our knowledge.
so how you supposed to pay the monthly bill if you invest that entire money in FD?
Smooth Ankur Sir Smoothh😂❤️❤️. The sponsorship was very smooth but I understood everything which I did not understand from many guide videos on yt..
Are vo kunal se bat krke ye btana jra ki ye cred coin ka use marne ke baad hoga ya uske zinda rahte koi use ho payega
CRED ne kabhi jackpot nhi diya aur na hi kabhi dhang ka cashback
No cost emi - processing fee + 18% GST...😂😂😂
All my doubts cleared smooooooooooooothly
Bro 2750 rs ka gyan.....vo bhi cred kay promotion ke sath... good 👍 2750/6=458.33rs monthly saving 😁😁😁😁 cred ka sasta prachar
The problem with CRED is, it asks for full access to your personal gmail which itself is a violation of privacy. I will never recommend anyone to use CRED because it has the capability to access each emails.
Hi,
But For 6 Months of EMI, do we need to pay extra GST Every Month?
You'll most likely get a lower interest rate on an FD with a 30-35 day tenure than what you get in your savings account.
6:45 total amount is due greater than my credit card limt 😂😂😂
Thanks a lot sir for giving such information
Are waah sir, sch m video watch krke mzaa aa gya🙂
Thank you so much sir humko itni achhhi bate batane ke liye😘😘😘😘😘
some uncles are burnt by this video
Thanks for your comment.
What'sap me with the number showing above for more information and consultation on profitable investments
Cred is Awesome for person like me , having multiple cards and earning rewards, I earn approx 200 Rs every month for paying credit card bills.
mene credit card pr emi krwaye no cost emi jab phone purchase kia or usko mene fd daal dia 😜 ab jab jab emi aata he to uss fd se hi pese nikaal leta hu jitne ka emi ho utna 😂 fir bhi mere credit card ke other charges jitna intrest mill gya or upr se brand emi ka cashback mila alag se
Please make video on prepaid cards mostly prepaid cards used to Withdraw money in credit cards with zero interest
@warikoo is it good to pay before bill date to increase cibil score
The best video on yt to make money throuigh credit card
IN internet free EMI, I can't make FD of full amount for 6 months as I have to EMI also every month.
Nowadays it is a common practice to charge customers only... For 1-2% charges by the retailers. They are not giving from their pocket. I had more than one such experiences.
a lot of thanks for you to give this information.
For no cost emi also we need to pay 18 %GST, so need to choose extra offer on no cost emi then it will be benificial
Mr. Warikoo be like : Jaldi jaldi se Har Saal same topic pe same content nikal Dunga, Kisi Ko Kya hi Pata chalega
A really helpful and informative video. Thank you sir😇❤️🙏🏻.
Sir you have given a wonderful idea
Thank you so much Sir ❤
Wow..sir great knowledge...
Gr8 sir.. U took firat example of LICHFL Home loan.... I m delighted because i work in LICHFL itself.... Thanks for the same...
Hi sir, I think u missed one point.-- 100% use of credit card might consider as a bad habit showing that the life of a person depends on credit card loan, which might lead the CIBIL score tends to decrease and it, thus, would create problem with finance while taking home loan in future... so the question is what is the minimum use of credit card for better CIBIL score. I mean - Is it safe to use complete credit card ?
Old video, re- uploaded.
Smart haan, AK♥️🧿
Only ICICI Bank credit card bill has transaction wise reward points mentioned, it's only transparent credit card provider
When a person never took any loan, what will be his/her CIBIL score?
Does that affect in future when he try to apply for a loan in large numbers like home loan, etc
aapne is post ko paid promotion mai nhi dala ha, jaisa ki aapne bataya ki this app is sponsored by CRED
Sir leave without pay job me kitna affect karta hai job ko pls make a dedicated video on this!!