8 Amazing Reasons Why I Use Credit Cards & You May Also! | Passive Income | Wali Khan
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- čas přidán 8. 07. 2024
- Benefits of using credit cards is being discussed along with how much I made in last 12 years with credit cards. Do you know if you use credit card in a systematic way it can make a very good amount every month for you?
Credit card kia hota hai? Hindi & Urdu
#PersonalFinance #creditcards #WALIKHAN
📕Chapters:
0:00 Intro
1:33 PAYMENT BUFFER & ASSURANCE FOR ADVANCE PAYMENT
3:19 SAFEGUARD AGAINST FRAUD / THEFT
4:34 BETTER DISPUTE RESOLUTION
5:34 HELP IN BUILDING CREDIT HISTORY
6:50 CASHBACK POINTS & VOUCHERS
7:28 FREE AIRPORT LOUNGE ACCESS
8:20 JOINING BONUS & INCENTIVES
9:02 HELP IN PICKING FREE TRIALS
10:44 MY EXPERIENCE WITH CREDIT CARDS!
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I like helping people around in their general productivity & personal finance situations as well as advising on wealth management which includes but not limited to property market in UAE and Pakistan, equity and commodities markets, bonds etc. Moreover, I have a keen interest in CZcams and social media marketing along with video editing and its marketing. I also have a keen interest in world current affairs and politics. Last but not the least I am an APPLE fanboy :-)
I am open for collaborations in the areas of my expertise from anywhere in the world. Following are my contacts:
🐧 Twitter handle: @wali_2k
📸 Insta handle: @wali_2k
📧 Email: financewithwali@gmail.com
🕺 Tiktok: @wali_2k
💻 Linkedin: / walik
🤷♂️ Facebook: / walikhan2k
Great Wali bahi.. Jazak'Allah... Amazing awareness
I came here after watching your 2nd video. Thumbs-up
Wow I was watching your video for the very first time & u just uploaded another😄
Thanks for your comment - do share the videos if you find value in them.
Very important information that everyone need to know
Fruitful information 👌
Thanks a lot for your comment :)
@wali Bhai! credit card bill p ak actual bill k amount hoti hai ar ak minimum amount of bill hti hai, hmy konsi wali amount pay krni chahiye? agr minimum wali krn to phr b interest dena prta hai?
Thanks for the informative video.
Thanks a lot for your comment :)
Yess credit card is vary vary useful, if and only if u are careful in managing personal finance
Thanks a lot for your comment :)
Good information brother, I suggest to include one more point that cash loan is also available to a certain percent of credit card limits, sometimes even it’s at 0% interest-rate with some processing fee of around 2.5%. Moreover one card can be used to pay another card dues with minimum interest-rate even at 0%sometimes, And that payment can be paid in installments too..😊
Yes, but I wont recommend using such options - I will never do anything which requires me to pay interest specially on credit cards :)
UNLESS ITS VERY LOW LIKE
Sir kindly make vedio hon buy plot and keep it for long timee...its beneficial or not...although we have RUPEE DEVALUE
Nice
Once again thanks for the motivation and guidance to save money. Appreciate if you can suggest which card is best to take. My basic needs are, Glossary, Fuel, Denning outside.
I thought to include this information but details are changing very quickly - To give you some examples:
- Used Samba bank credit card for last 3-4 years for cashback on school fees but this year they didn't offer, so used another card for that.
- Samba card used to give good cash back on groceries too but now its been acquired by CBD, and I am yet to see the actual terms.
- I started using Dubai First - which is same as FAB and it was awesome for school fees as it was not having any minimum limit for spend and gives 5% for all online / school spend + grocery, but recently they changed their terms and now only giving 6% on grocery, which is still good but removed school fee cashback.
- Similarly, there are many options that come and go - I was thinking to mention this in stories of CZcams so people who follow me can know what's going on :-)
Can we pay our credit card bill with another credit card?
Hbl platinium credit is the best.... Its same as what u said.... Full safety hai.
Thanks for your comment :)
Thanks for your informative video. It would be great if you had mentioned weather it's halal or not. Thanks
I’m no one to decide on if this is halal or not.
Wali bhi please also share basic for credit card usually we have fear to use credit because in our life cycle we heard people's get loses for the use of credit card
A video coming soon :)
Wali Bhai can you make an video and share the information on credit cards you have so community can also benefit from the information. As you mentioned about 10% school fees and grocery. I think this will be valuable information. Thanks!
I thought to include this information but details are changing very quickly - To give you some examples:
- Used Samba bank credit card for last 3-4 years for cashback on school fees but this year they didn't offer, so used another card for that.
- Samba card used to give good cash back on groceries too but now its been acquired by CBD, and I am yet to see the actual terms.
- I started using Dubai First - which is same as FAB and it was awesome for school fees as it was not having any minimum limit for spend and gives 5% for all online / school spend + grocery, but recently they changed their terms and now only giving 6% on grocery, which is still good but removed school fee cashback.
- Similarly, there are many options that come and go - I was thinking to mention this in stories of CZcams so people who follow me can know what's going on :-)
- Currently I have HSBC (oldest card but dont use it)
- Samba card, which has been acquired by CBD, yet to see its terms
- Dubai first, recently changed their policies - So I am only using for groceries for now.
- Mashreq NOON - got it for NOON on an offer, but not using it anywhere else apart from NOON.
If I get a new card or better deal, will definitely mention on my socials :)
@@WaliKhan_2k Thank you 😊
Bro, u didn't discuss yearly bank charges.
These are all pros of credit cards - next video will mention everything related to what you need to keep in mind - including annual charges.
Wali bhai i also requested you before on one of your prior credit card videos. It's regarding point 8. Which of the credit cards and it's features you find the best. Other viewers are also requesting please help us with it in particular to UAE market along with salary slabs. I am using 2 cards from ADCB but heard Citi and FAB cards are also good. Which of the exact 5 to 7 cards you explored good?
I thought to include this information but details are changing very quickly - To give you some examples:
- Used Samba bank credit card for last 3-4 years for cashback on school fees but this year they didn't offer, so used another card for that.
- Samba card used to give good cash back on groceries too but now its been acquired by CBD, and I am yet to see the actual terms.
- I started using Dubai First - which is same as FAB and it was awesome for school fees as it was not having any minimum limit for spend and gives 5% for all online / school spend + grocery, but recently they changed their terms and now only giving 6% on grocery, which is still good but removed school fee cashback.
- Similarly, there are many options that come and go - I was thinking to mention this in stories of CZcams so people who follow me can know what's going on :-)
- Currently I have HSBC (oldest card but dont use it)
- Samba card, which has been acquired by CBD, yet to see its terms
- Dubai first, recently changed their policies - So I am only using for groceries for now.
- Mashreq NOON - got it for NOON on an offer, but not using it anywhere else apart from NOON.
If I get a new card or better deal, will definitely mention on my socials :)
Thanks for detailed valuable reply
Wali bhai credit history ka Pakistan main to idea nahin. But yaahn credit card ho or ap loan lo to card ki limit hi deduct hojati hay EMI calculate karte waqt. Hence loan amount hi reduce hojata hay.
Yes, but the credit card limit is not entirely deducted - they only deduct 5% of the credit limit. So if you have a combined credit limit of 100K AED, then your limit to be offset is 5K AED from the loan you are applying for.
& sir please make a video on short-term investment opportunities with "5M Pkr"
A video will be uploaded for 500K longterm investment in this week :)
for 5M PKR short term, I wont suggest more than term deposits or money market funds.
@@WaliKhan_2k ThanksAlot ❤
Wali bhai,
5000 AED salary py konsa card better rahy ga, please suggest.
Thanks
I cannot recommend here - but would suggest first to go for the bank where you get your salary gets deposited.
Wali bhai stock market terminologies ki explanation pr video kb bna rhy hain ap? :)
Thanks for reminding - will do soon :)
Just added in my notion things to do list :)
@@WaliKhan_2k great, thank you
can you make the videos on best credit cards in UAE? i am looking for cashback card and my salary is 3000aed only. is fab 5% cashback good and I am eligible?
I thought to include this information but details are changing very quickly - To give you some examples:
- Used Samba bank credit card for last 3-4 years for cashback on school fees but this year they didn't offer, so used another card for that.
- Samba card used to give good cash back on groceries too but now its been acquired by CBD, and I am yet to see the actual terms.
- I started using Dubai First - which is same as FAB and it was awesome for school fees as it was not having any minimum limit for spend and gives 5% for all online / school spend + grocery, but recently they changed their terms and now only giving 6% on grocery, which is still good but removed school fee cashback.
- Similarly, there are many options that come and go - I was thinking to mention this in stories of CZcams so people who follow me can know what's going on :-)
- Currently I have HSBC (oldest card but dont use it)
- Samba card, which has been acquired by CBD, yet to see its terms
- Dubai first, recently changed their policies - So I am only using for groceries for now.
- Mashreq NOON - got it for NOON on an offer, but not using it anywhere else apart from NOON.
If I get a new card or better deal, will definitely mention on my socials :)
Sir please make videos how can we invest as a student in Pakistan!
I will try to make a new video soon, but have you checked this one: czcams.com/video/uPFXzDLiX4I/video.html
Thank you sir May Allah bless you more ☺️
Salam bhai Apka comment find kar raha hon nahi mil raha .. Mujhy digital gold ka account banana ha kaisa banoun main abhi sharjah main hon apse milna BHi chahta
Replied on the other comment.
Ok
I think credit card are Haram?
Credit history kaise dekhte hai... Ye bataye ga.. Please.. Es. Per b video zarror
In Pakistan or UAE?
UAE..
Pakistan
Credit card py jo interest lagta hai os ka kiya
There’s no interest brother, it comes only when you don’t pay the full amount each month or say you pay minimum amount
No need to pay interest on credit cards! In fact NEVER pay the interest - one should have self control.
Please suggest me my first card in UAE to start with? I'm thinking about Mashreq cashback card
Depends on a lot of factors and your family size and spend. Check the credit cards from Dubai first and Emirates Islamic bank. For now I can think of these but depends a lot on your spending habits.
Both cards might come with annual charges but free for first year - so use for first year and only renew in case you are happy with them.
@@WaliKhan_2k thanks wali bhai for now I'm single and I want to use card for my any kind of my purchases to save some money as I'm new here in uae.
@@mohsinfarooq9601 Both the cards I mentioned above are good for f families as grocery discount is great. Dubai first is good as there are no strings attached and grocery will fetch you direct 6% cashback. You can also try Mashreq Noon's card which is good for online shopping on Noon. But it will really depend on your spend pattern.
@@WaliKhan_2k Yup got it I was thinking to save 500aed on my Iphone purchase using noon card.
Salam digital gold ka account open karna ha main sharjah main pls ap batain.. Or apne aik video main Sarwa or bond main investment ka kaha tha mujhy help chahye main investment karna chahta hon or shares BHi kharedna chahta hon
Multiple options are there to buy digital gold, the best I know is through Emirates NBD - you need to call them to check for the process.
You can open the account with SARWA by following this link: www.sarwa.co/invite/KHAN1890
You can buy national bonds from any exchange house like Al Ansari exchange etc.
Thanks
0568918576 ye mera WhatsApp no ha agar ap msg Karen .. Sarwa ke baray main pochna ha invest with port folio main Karon ya invest with buy and sale stocks
Dear Wali bhai , can you clarify if it is halal to own a credit card ? I am thinking of getting one but not sure right now !
I have heard that interest-based agreements are not allowed.
I would really like to hear your views on it :)
I wont be able to comment on that - but I heard that by signing up for credit card you get involved in the contract. However, in this connected world, one cannot stay away from credit cards because of multiple benefits and requirements.
@@WaliKhan_2k Not sure about UAE and Pakistan but in UK some credit cards offers you an introductory period of upto 40 months zero percent intrest on balance transfer or money transfer. I am not sure what is the islamic rulings on this but it's worth checking.
brother chose one language plz
English or Urdu
Urdu main bat karain ya English main
mix na karain
Thanks for your feedback, but you have commented yourself in mixed language - I tend to be natural - not trying to overthink while delivering.
Pakistan mein to bank deta hi nhi self employed logo ko credit card. Ulta dara dete hein k Sood lag jayega mat len
Credit card is good - but you have to pay 100% bill before due date.
The eligibility criteria depends on bank to bank and if they are not giving you the card, try to improve the financials / bank statement for yourself.
اسلام علیکم سر جی کیڈیٹ کارڈ کے مطلق ویڈیو دیکھیں مگر سمجھ نہیں آئی کے کو سا کارڈ لیجاے جس سے آپکو فعدہ ھو ھم کو سا کارڈ کے کر استعمال کریں وعررہ وعررہ تفصیل سمجھ دین شکریہ
Credit card is actually LOADED WEAPON. If you don't know how and when to use then you will be FU---