A wise person once said "WE BUY THINGS WE DON'T NEED, WITH MONEY WE DON'T HAVE, TO IMPRESS PEOPLE WE DON'T LIKE". Not many will understand it until a decade later, with savings that is not enough..
my father told me once dont make paying easily accessible to you,dont go to for shopping or anywhere out taking your atm,debit or credit card or best dont have them...because the more accessible spending money is the more you will spend or youwill have urge to spend on things you dont even need....he also told that imagine you have biscuite,barfi or any other snack jars in your home at different different places you are more likely to grab 2-3 snacks in a day,it will hinder with your fitness goal,your eating habits etc etc.........bank companies are vicious and smart they use psychology,targeted ideas towards our psychi,they dont care to give acess to easy financial transaction so as to make our life easier they want to make it easier so that we spend more because we become slave to our psychological habits
While I agree to the benefits you mentioned about having a credit card, I also want to highlight one downside of using one from my personal experience: - You tend to spend more - Since you don't have to worry about paying the CC companies right at the moment, you tend to buy things without thinking twice. - These CC companies exploit your privacy by exposing your spend pattern to third parties, making you vulnerable to more traps. - Businesses like CRED are built which also feed on such information and lure you into their platform by offering benefits. Always Remember: If the service you are using is FREE, it means YOU are the PRODUCT. In the end, it's you choice, choose wisely.
Why anyone would need CRED app when u can easily opt for AUTO DEBIT option to pay your dues on time. And, I mostly use credit card for no cost EMI. In no cost EMI, u have to extra 18% igst on the interest only. And, it improves credit score too. Well, debit card and credit card makes no different for me.
Last week, Warren Buffett talked in BBC news about how investors and traders can make millions through Crypto. He also recommended an expert Mrs Betty Harris. Wondering if any viewers here are familiar with her services?
Expert Mrs Betty Harris have an intellectual strategy that cut down losses. I have the best investment with the aid of Mrs Betty Harris . She's friendly and have easy to get along with in terms of signals and investing tips.
Expert Mrs Betty Harris has aided so many newbies including myself. I've 12wins from forex trade with her help. Thanks to her strategies, she's really the best. I've made $16,400 in 18days working with her.
From 6th standard every school should conduct personal finance period where a teacher like Rachna mam would literate every kids for the betterment of our future India
Finance knowledge from 6th std ?? Don't you feel a little like those over expecting parents who flood their kids with study materials and tutorials at a very young age.
@@ark7054 that's a different thing which in real life hardly applies, i think more practicality in learning help one to excel in whatever he is doing, to be honest study materials and rattabaazi is just garbage
This airport thing happened with me also. Though I was traveling with an economy ticket, because of my credit card I had access to business class style lounge. They even have bathrooms to shower with free packs of toiletry including shaving kits.
hello I'm new to Bitcoin trade and I've been making few loses, but recently I saw a lot of people earning from it. can someone please give me a new strategy or at least tell me what I'm doing wrong?
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
my cousin recommended her to me. He has been investing with her for some months now, but he earns just 60% of whatever he invests in a week which i think its too low, I've seen other traders who offer to give you 300% of whatever you invest
Actually....cred didn't sponsor it for her video ....u have mistaken...as a software developer in Google.... the yellow mark u find is where CZcams put it's ads....our algorithms use the tag n content of video and put relavent ad for the video... that yellow mark is where our algorithms works
Credit cards are not required: 1) reward points an d lounge access are just bait to get into that vicious cycle of credit 2) read the conditions carefully check website many banks charge as high as 3% per month that's 36% p.a do really want to pay that interest ? 3) I don't see any real benefit ultimately you will have to pay from your savings account 4) with all due respect what mam mentioned is just digging one hole to fill another 5) lounge access :unless you travel frequently it's not required if Ur co paying for it then okay 6) unless you have a high financial decipline having cc one will end up paying more interest spending more ultimately a poor financial situation it's like an addiction Solution : don't buy CC unless you have control over spendings as Warren buffet says if you keep buying stuff what you don't need you will end up selling what you love give a thought
I have been using a credit card for only a year and I have got amazing discounts and offers along with cashbacks which I would not have received had I paid using my savings account...it really is important for you to know the benefits of your card to take full advantage of it... If you are careful enough, you can avail benefits..
@@fanilseth8208 "careful enough" is unfortunately not understood by many i have seen ppl using till max and end up paying 50% of thier salary towards CC
avant jain there is no issue in sponsoring the video, but there is also something known as being transparent with audience. Even a sponsored tab on the video would make sense. That’s the least followers expect from content creators
Credit cards breaks your saving habit, rewards companies giving on using the credit cards are nothing compare to saving and investing your money rather than spending it on unnecessary things.
@@t.s.p1864 Its neither good if you think yu have a spending discipline, psychology always wins and you will end up spending sooner or later on unnecessary stuff.
Ohh, men!!! First of all, she is earning from credit cards and then from the CRED, and then from the video... OMG!!! She is not a CA(chartered accountant) she is a clever accountant 😂😂🤣🤣😂 just joking she is putting soo much hard work into her videos. So that people like me who don't know ABCD about finance can understand things easily.... appreciating ma'am.. thanks stay blessed!!👍👍
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g.
Fun Fact : No matter how many videos u watch about wise spending on credit card u will spend more in the beginning and slowly and slowly u will develop discipline
Cred - I am using this app since last 2 years but still have fear about their credibility and planning to remove it, they rewards initially good but now they rewarding me like 10rs, 7 rs etc. I mean just to earn 10 rs i am giving them all my personal details of credit cards. so Scary. it could be the big scam and they are promoting their app by youtubers, youtube ads and on TV etc.. BEWARE!
Try Flipkart Axis Bank or Amazon pay ICICI Bank credit cards. If you use it like a debit card and pay full amount every month, you can save a lot. The latter comes free of cost. If you have control over your spends, credit cards are best.
Hi Rachna, Otherwise Your content is really useful. But with this vide, i think, as a responsible leader( you are a leader for me, if you invest in something, i follow you and do that), you should also tell your viewers about the fees that credit card company charges. Although there are credit cards which do not charge anything but at the same time they do no offer services like complimentary movie tickets and lounge. On the other hand, i think the only benefit of using a credit card is extended period of making payment. Because other benefits that are considered in the video are also available on certain debit cards. P.S these are only my views and i do not challenge what you have stated. I have deep respect for your thoughts n knowledge.
Credit card can also be used for some of online services like Netflix, Google one, AWS or Azure monthly bills. So that you will pay for these on time even when your income is not on time. And one place to manage all your subscriptions finances etc...
Ask them to reverse it and they generally will. But then I have a Credit Rating of around 870+. Not that Credit Rating matters, it's more of a scam. How does paying my monthly CC bills of around 20-30 k per month make me eligible for a lower interest rate for a 1 Crore house loan is a mystery to me. And the three rating agencies have vastly different ratings. Half cooked bullshit for marketing being pushed. Or return the Credit Card (or threaten to). The same Credit is available with some Zero Annual Charge Card too.
The credit card interest is always high. If you want save our money and want to invest in any market and looking for profit or good portfolio. So i think we don't go for credit card due to high rate of internet.
I'm working in credit card company. And I'm doing everything from last 3 years which you saying. But that FD option for small period is new. I will do this too. 😂
While I agree to the benefits you mentioned about having a credit card - You tend to spend more - Since you don't have to worry about paying the CC companies right at the moment, you tend to buy things without thinking twice. Always Remember: If the service you are using is FREE, it means YOU are the PRODUCT. In the end, it's you choice, choose wisely.
@@0hmkar CRED is such as scam :) they wont process your payment properly failing transactions and making money out of it is their business. you don't have option to delete CRED account. i never thought you have promoted this for your own gain lol. wondering if i could delete my personal details from CRED, - just go over Quora people are screaming
That's true but only for certain high-end cards where you need to maintain a pretty high Average Monthly Balance. Remember, there's no such thing as a free lunch :P
I'm 19 and I just owned a credit card today 🍻, watching the correct way to use it and being financially literate 🤓out there...this Video was very good, it just removed my fear and now I am gonna use my credit card responsibly..
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
@@dhanushm419 correct.. Top platinum debit cards of most of the banks give free lounge access.. Usually its 2-3 times every quarter.. I am using sbi platinum debit and axis priority debit card for the same
There are different benefits to owning a credit card. One of which is that the card limit amount can be used as an emergency fund. A lot of emergency situations may come up when you may not have funds with you where you can use your card to make payments. For example hospitalization charges, emergency travel plans, etc. Credit cards can come in handy in those situations, especially at the end of the month when you are short of funds.
CRED is good Particularly the reminders Almost 4 from bill generation till the due date, it is more than enough to not forget and the rewarding is exemplary. Good information. Thank you madam for the Video.
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g.
The airport lounge part you explain. That's cute. And your every explain so realistic. I.e why I like your content. And it's absolutely worth my time. Thanks
I guess you should explain difference between a)Minimum amount due VS total amount due b) Intrest rate calculation c) Credit card shield charge ....Thank you
The problem will CRED is it tried to get the due amount from one specific email linked to CRED. But the problem is one of my credit card is linked to my office email address which is not linked to CRED and cannot be. This is where the problem comes when we try to make the payment and the due amount shows 0rs. But if you go to specific cc app, it will show you the actual spent and bill amount. People might tend to miss this out. Let me know if you disagree.
मॅम कृपया एक सविस्तर व्हिडिओ Foreign markets मध्ये कशी investment करता येते, भारतातून काय काय पर्याय सध्या उपलब्ध आहेत याच्यावर बनवला तर बहुतेक लोकांना त्याचा फायदा होईल🙏🙏🙏
The most important benefit of a credit card is when you make online purchases and then go to have a dispute reg the product. You can stop the payment if it is well within your billing cycle or put a hold on the payment this usually force the vendor to settle the dispute as his money is locked. The other benefit is sometimes there is free insurance. For Ccidsntal death.
I never used the credit card and even don't think of using that in future. U should make yourself capable of giving credits and not taking. 🤗🤗 Everyone says credit card is good for improving your credit score but haven't you seen someone getting loans without any credit cards... It's all the game of money and nothin else 😅 Save First and Spend Later whereas credit card philosophy is just opposite and creates a dopamine impact on your spending ... So think and spend wisely even if you use credit cards. ☺️ I hope you will have a good - No Credit Journey !!! And avoid yourself from all these traps 🙏🙏
Never worry about the reward points , more reward points means be aware you spent that much. it is kind of incentive to spend more. Even a single mistake is good enough for the credit card companies to skin.always spend less than you earn.
Everyone in the comment section is talking about how she is only promoting CRED. But what is wrong in that? If you run a YT channel and a brand approaches you for their promotion, will you deny it? It's very to point a finger on others. Everybody wants money, everybody loves earning money through brand endorsements.
Please make a video - With BNPL Physical Card which offer - 0 - Zero Cost , 0 - Zero Maintenance , 0 - Interest (2/3/6 - months ) , Split Bill Pay for 2/3/6 - months -- BNPL CARD / Credit Card. Also make a compare video all available BNPL Card. With hidden Cost / Late fee charges.
I have used it for 2 years and recently i asked them to delete my account, because of below reason, 1. When i joined there was no credit score criteria to be eligible 2. They have accessed my credit score with out my permission and i think if the app is only for payments then they should stick to that. 3. And the reward points which i have earned before deletion of my account i never used them as the discount which they offer is regular market discount 4. The products which they advertised are never heard of it. 5. I would have continued to use this app , only if it is credit card management and payment.
Think twice before applying directly! Cred - I am using this app since last 2 years but still have fear about their credibility and planning to remove it, they rewards initially good but now they rewarding me like 10rs, 7 rs etc. I mean just to earn 10 rs i am giving them all my personal details of credit cards. so Scary. it could be the big scam and they are promoting their app by youtubers, youtube ads and on TV etc.. BEWARE!
Před 3 lety+1
I hope you do know that credit score of all citizens is freely accessible for financial institutions and other regulatory agencies ( this includes CRED ). It's not some super secret thing which is known only to you, you would be surprised to know even advertisers have access to it. Get used to it.
@ without customer consent no one can't access any database.its a crime
Před 3 lety
@@HK-rp6zc Show me the law which states this. Before you go finding, I'll tell you - there is no such law. Financial institutions report your fiscal activity every month to bureaus which decide your credit score like CIBIL, Experian. They are actually required to do this by law. You can go to paisabazaar and check your CIBIL score for free, and they will report you your credit score. This is called a soft enquiry and it's PERFECTLY LEGAL and can be done as many times as wanted by the entity. Income Tax Department can also check your database ANYTIME they feel like. There is no privacy with your fiscal status, and if you think you can do anything to change that, you are deluded. Government and other institutions have access to all your financial data under the garb of ' preventing tax evasion / money laundering '.
That 2 rupee is also credited back. Also these are limited access. Pune airport doesn't have lounge. You get it at Bangalore, mumbai, delhi, Chennai, Kolkata, Hyderabad
Please note that reward points redemption is chargeble.. the credit card provider does not mention this while making the sale of the credit card...which is a manipulation or misrepresentation of sale of their products and services..
Ever since 1997 Credit card was used & only meant for businessmen. Because in some point they used to be in shortage of funds, In order to manage their day-to-day expenses they use the credit card. Think of it guys there is a diffrence between issuing a Readycash & Creditcard.
Robert kiyosaki had paid the down payment of 10% using credit card to buy house and the rest amount he paid by the money he got from rent for that same house and within few years he paid all the debt and then the house was his, without even using a single dollar from his pocket. Credit card has actually taught me how to make money.
Credit card saved me many times from really tough financial crisis. Especially medical emergency. Always keep it safe and make sure you put a limit lock 🔒 of how much you can swipe in one transaction. This also helps in case your card is stolen.
@@devmishra9936 suppose in shopping mall, u have to purchase items worth of 10k and bill counter displayes offer of 5% cashback on credit card .... and u have 10k cash too ... den what is best mode of payment ?? by cash or CC ?
I am using the CRED ... it's just to bait people ... the rewards u get in cred .. if u want to use u can't use more than 20-30 % of any product cost on there store ... but the product price is already too high even after using the cred points it cost more than in other platforms like flipkart n amazon. It's my personal experience... I was trying to buy electrical kettle of lifelong... after using cred points it was showing 899 rs in cred store.. But the same product I got 649 in amazon.. It's all business tactics to play with human psychology. I wud say as per my personal experience. Yes credit card do have some benefits but more than that it has negative consequences.
Omg...u r simply mindblowing! You sharing so many insights and thus actually doing a sort of social service. Really appreciate your passion and attitude. God bless you with more and more holistic abundance
Robert kiyosaki had paid the down payment to buy house and the rest amount he paid by the money he got from rent for that same house and within few years he paid all the debt and then the house was his, without even using a single dollar from his pocket.
@@admiralgeneralAladeen Success demands patience and perseverance. You said it and it is done. It's not the game of jokers. One has to experience many failures in life in order to get successful. Becoming success is not easy as commenting.
The video is promotion of CRED app... Airport lounge access comes for higher end cards which has annual fee of 6000 rs like sbi elite card... Nothing comes for free.... Or just 2 rs 😊 Financial discipline is a great point which everyone got to develop....
Very important to have financial discipline and then use credit card. One of my friend took credit cards and used them heavily and finally he ended up heavy penalties like 10000 per month for 3l credit card outstanding and still it is not closed. He struggled with that for an year and finally I had to help him by clearing his 3l cc bills. Unfortunately he was not getting loan from any other bank since he had a low credit score. Finally he took loan from me and closed the cc bills and now repaying me the amount. So the point is financial discipline is must when taking credit and credit cards.
Credit card just encourages you to spent more. Nothing else, stay away from credit card -always have some emergency fund -don't get greedy towards rewards Sorry for harsh words!
Apart from getting reward points credit cards got no good use. If you need reward points then you got to spend more money buying unnecessary things, which makes no sense.
✔ Invest in Knowledge: link.rachanaranade.com/CourseStore
The Ad I got to see while watching this video was CRED😂😂
Same xD
😂😂😂
Haha yes same here
Same 😂
Next level publicity: 2 layers of promotion.😂
If you buy the things you do not need soon you need to sell the things you do need- Warren Buffett
Credit card se ghar ka ration bhi le sakte hai... 😛
💯
@@CreativeVibesYTx kya pata he does not need ration also 😂😂
Omg it's so fu*king true 😱😱😱
that's why I didn't buy iPhone by selling my kidney, smart financial choice. 💯
As a financially wise person, it is always recommended to swipe the other person's card.
Can you please elaborate on the reason behind this?
@@sourabhbagrecha bhai dusre ke paise waparne ka😭🤣🤣
😂
True dat.
CA Sumit Menon
A wise person once said "WE BUY THINGS WE DON'T NEED, WITH MONEY WE DON'T HAVE, TO IMPRESS PEOPLE WE DON'T LIKE".
Not many will understand it until a decade later, with savings that is not enough..
Good 1
Fight club.
Wise words
my father told me once dont make paying easily accessible to you,dont go to for shopping or anywhere out taking your atm,debit or credit card or best dont have them...because the more accessible spending money is the more you will spend or youwill have urge to spend on things you dont even need....he also told that imagine you have biscuite,barfi or any other snack jars in your home at different different places you are more likely to grab 2-3 snacks in a day,it will hinder with your fitness goal,your eating habits etc etc.........bank companies are vicious and smart they use psychology,targeted ideas towards our psychi,they dont care to give acess to easy financial transaction so as to make our life easier they want to make it easier so that we spend more because we become slave to our psychological habits
Smith said that i guess.
While I agree to the benefits you mentioned about having a credit card, I also want to highlight one downside of using one from my personal experience:
- You tend to spend more - Since you don't have to worry about paying the CC companies right at the moment, you tend to buy things without thinking twice.
- These CC companies exploit your privacy by exposing your spend pattern to third parties, making you vulnerable to more traps.
- Businesses like CRED are built which also feed on such information and lure you into their platform by offering benefits.
Always Remember: If the service you are using is FREE, it means YOU are the PRODUCT.
In the end, it's you choice, choose wisely.
👍👍👍👍 very well said
Why anyone would need CRED app when u can easily opt for AUTO DEBIT option to pay your dues on time. And, I mostly use credit card for no cost EMI. In no cost EMI, u have to extra 18% igst on the interest only. And, it improves credit score too. Well, debit card and credit card makes no different for me.
Bro in digitally world, each and every data is Sell.
So it GAP (generally accepted principal)
That's why need to have financial discipline.
Wow underrated Comment
As I find in all over video it's a Promotion of CRED app 😂😂
Yes you are right brother but CRED app is very useful I use this app more than year . My experience is very good.
It's evident, it's a Collab video
Free mein kaun kaam karta hai?
I use cred and it's really a good app.
There is no free lunch
Last week, Warren Buffett talked in BBC news about how investors and traders can make millions through Crypto. He also recommended an expert Mrs Betty Harris. Wondering if any viewers here are familiar with her services?
All good investors are conversant with expert Mrs Betty Harris. She's unique in the field just got to keep her instructions and you excel
Expert Mrs Betty Harris have an intellectual strategy that cut down losses. I have the best investment with the aid of Mrs Betty Harris . She's friendly and have easy to get along with in terms of signals and investing tips.
I thought I was the only one trading with Mrs Betty Harris, she's amazing and I've made close to $20,000 trading with her this month
Her management team is so impressive so far.... With my 4k deposit I made a profit of over $28,800 US dollars
Expert Mrs Betty Harris has aided so many newbies including myself. I've 12wins from forex trade with her help. Thanks to her strategies, she's really the best. I've made $16,400 in 18days working with her.
From 6th standard every school should conduct personal finance period where a teacher like Rachna mam would literate every kids for the betterment of our future India
Finance knowledge from 6th std ?? Don't you feel a little like those over expecting parents who flood their kids with study materials and tutorials at a very young age.
@@ark7054 that's a different thing which in real life hardly applies, i think more practicality in learning help one to excel in whatever he is doing, to be honest study materials and rattabaazi is just garbage
Director be like : we could have simply done a voice over saying “download cred.”!!!😂😂😂😂😂😂
Haan
Best comment ever
Hilarious:D
😂
Credit Card के फायदे और कैसे सही उपयोग करें
czcams.com/video/BA-T8Tazl8U/video.html
You missed 1 point. You can get credit card without any income or ITR or Cibil score. There are some banks which provide credit card on FD.
Mere pas 1 ITR hain
But CRED may not want them as customer! That's the whole point of the video.
@@soumsgaming238 sufficient
This airport thing happened with me also. Though I was traveling with an economy ticket, because of my credit card I had access to business class style lounge. They even have bathrooms to shower with free packs of toiletry including shaving kits.
Credit Card के फायदे और कैसे सही उपयोग करें
czcams.com/video/BA-T8Tazl8U/video.html
hello I'm new to Bitcoin trade and I've been making few loses, but recently I saw a lot of people earning from it. can someone please give me a new strategy or at least tell me what I'm doing wrong?
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts
I did invest with her and I made huge profits
I saw some recommendations about her on Instagram but i just ignored, Where exactly did you meet her?
my cousin recommended her to me. He has been investing with her for some months now, but he earns just 60% of whatever he invests in a week which i think its too low, I've seen other traders who offer to give you 300% of whatever you invest
Sponsored mark would really appreciated, it builds loyalty in audience and transparency as well. Genuinely like the video👍👍👍
Yes, that was strange that she did not mention it.
True
She knows if she labelled it as cred promotion people will avoid watching it.
Yes...this is not ethical...looks like promotional video without any tag of video being sponsored. Very bad
Actually....cred didn't sponsor it for her video ....u have mistaken...as a software developer in Google.... the yellow mark u find is where CZcams put it's ads....our algorithms use the tag n content of video and put relavent ad for the video... that yellow mark is where our algorithms works
I bought SBICARD share instead of buying its Credit card.
me too bro, still holding it
Becoming a business owner than a customer
Same here....🙏
Its a stupid logic .... understand why you need a credit card
I have good credit card with me here you can text me on my gmail or number on telegram
Credit cards are not required:
1) reward points an d lounge access are just bait to get into that vicious cycle of credit
2) read the conditions carefully check website many banks charge as high as 3% per month that's 36% p.a do really want to pay that interest ?
3) I don't see any real benefit ultimately you will have to pay from your savings account
4) with all due respect what mam mentioned is just digging one hole to fill another
5) lounge access :unless you travel frequently it's not required if Ur co paying for it then okay
6) unless you have a high financial decipline having cc one will end up paying more interest spending more ultimately a poor financial situation it's like an addiction
Solution : don't buy CC unless you have control over spendings as Warren buffet says if you keep buying stuff what you don't need you will end up selling what you love give a thought
Ur way of looking at credit card spending is different. I've control on my spending so I use it only to earn rewards or to earn money on that money
I have been using a credit card for only a year and I have got amazing discounts and offers along with cashbacks which I would not have received had I paid using my savings account...it really is important for you to know the benefits of your card to take full advantage of it... If you are careful enough, you can avail benefits..
Nice thought approach 👌
@@jayntdhhond4176 Plz re-read my 6th point
@@fanilseth8208 "careful enough" is unfortunately not understood by many i have seen ppl using till max and end up paying 50% of thier salary towards CC
Your content is otherwise honest. Why didn’t you mention this is a sponsored video? A bit disappointed as I religiously follow your work
But what is wrong if she is sponsoring someone. She sponsor zerodha also many times
avant jain there is no issue in sponsoring the video, but there is also something known as being transparent with audience. Even a sponsored tab on the video would make sense. That’s the least followers expect from content creators
@@enidjudithdsouza in my opinion , sponsoring a company in which you yourself believe and that is genuinely good , is not bad
Guys, can someone create demat and trading account in groww... Kindly Plz do reply! 🙏🙏
@@flashtiger8246 yes, you can.
But I feel this app is good for mutual funds, intraday trading charges are there
Credit cards breaks your saving habit, rewards companies giving on using the credit cards are nothing compare to saving and investing your money rather than spending it on unnecessary things.
It's all about discipline
It's the best capitalism product but if have a spending discipline it's good.
Credit Card के फायदे और कैसे सही उपयोग करें
czcams.com/video/BA-T8Tazl8U/video.html
@@t.s.p1864 Its neither good if you think yu have a spending discipline, psychology always wins and you will end up spending sooner or later on unnecessary stuff.
Ohh, men!!! First of all, she is earning from credit cards and then from the CRED, and then from the video... OMG!!! She is not a CA(chartered accountant) she is a clever accountant 😂😂🤣🤣😂 just joking she is putting soo much hard work into her videos. So that people like me who don't know ABCD about finance can understand things easily.... appreciating ma'am.. thanks stay blessed!!👍👍
bro....actually there is no joke....
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g.
@@akintolaolamide8645 great!!!
@@Diwakar1410-INDIA message them they we help you out
My personal experience - before few years had 4 credit cards with zero savings and now zero # of credit card with more in savings.
😅😂
True .......👍👍👍
Same situation is with me...
Credit cards are always better but we should use it like a debit card. Never buy unwanted stuff.
Great
Fun Fact : No matter how many videos u watch about wise spending on credit card u will spend more in the beginning and slowly and slowly u will develop discipline
hahaha
Truly true...!!!
You are clever maam.
You are promoting a company at the same time providing quality knowledge to your students😊.
Very true...😅..she is a smart business woman
Agree
@@elizabethmary7013 I don't have
Very true she is actually promoting cred app
Cred - I am using this app since last 2 years but still have fear about their credibility and planning to remove it, they rewards initially good but now they rewarding me like 10rs, 7 rs etc. I mean just to earn 10 rs i am giving them all my personal details of credit cards. so Scary. it could be the big scam and they are promoting their app by youtubers, youtube ads and on TV etc.. BEWARE!
Still not convinced to use Credit Cards. Does not seem to be of any need for me.
Try Flipkart Axis Bank or Amazon pay ICICI Bank credit cards. If you use it like a debit card and pay full amount every month, you can save a lot. The latter comes free of cost. If you have control over your spends, credit cards are best.
@@Viator9 Exactly.
why to go for chicken or paneer tikka when you can eat dal roti daily? no need right?
@@phunsukvangdu2219 Not a relevant comparison.
@@Viator9 come on...relevance is not the only thing one always looks for... 😁😁
Hi Rachna,
Otherwise Your content is really useful. But with this vide, i think, as a responsible leader( you are a leader for me, if you invest in something, i follow you and do that), you should also tell your viewers about the fees that credit card company charges. Although there are credit cards which do not charge anything but at the same time they do no offer services like complimentary movie tickets and lounge.
On the other hand, i think the only benefit of using a credit card is extended period of making payment. Because other benefits that are considered in the video are also available on certain debit cards.
P.S these are only my views and i do not challenge what you have stated. I have deep respect for your thoughts n knowledge.
Credit card can also be used for some of online services like Netflix, Google one, AWS or Azure monthly bills. So that you will pay for these on time even when your income is not on time. And one place to manage all your subscriptions finances etc...
Most important part of credit card missed. Renewal fees. Mostly people forgot to spend minimum balance and end up in paying auto renewal fees.
Ask them to reverse it and they generally will. But then I have a Credit Rating of around 870+. Not that Credit Rating matters, it's more of a scam. How does paying my monthly CC bills of around 20-30 k per month make me eligible for a lower interest rate for a 1 Crore house loan is a mystery to me. And the three rating agencies have vastly different ratings. Half cooked bullshit for marketing being pushed. Or return the Credit Card (or threaten to). The same Credit is available with some Zero Annual Charge Card too.
The credit card interest is always high. If you want save our money and want to invest in any market and looking for profit or good portfolio. So i think we don't go for credit card due to high rate of internet.
Am i the only one here who is Jobless and watching this😂🤣
a student here....
😂😂same here
🤚
Best of luck buddy!
Even I am
I'm working in credit card company. And I'm doing everything from last 3 years which you saying. But that FD option for small period is new. I will do this too. 😂
While I agree to the benefits you mentioned about having a credit card
- You tend to spend more - Since you don't have to worry about paying the CC companies right at the moment, you tend to buy things without thinking twice.
Always Remember: If the service you are using is FREE, it means YOU are the PRODUCT.
In the end, it's you choice, choose wisely.
Undoubtedly purely sponsered by CRED.
Viewrs taken for granted !!!
so? you have a problem with that?
@Lakshya Keshwani where is the criticism ? Read comment again carefully.
Figmentation !!!
@@0hmkar CRED is such as scam :) they wont process your payment properly failing transactions and making money out of it is their business. you don't have option to delete CRED account. i never thought you have promoted this for your own gain lol. wondering if i could delete my personal details from CRED, - just go over Quora people are screaming
A very wise person would read the description, no one works for free, instead of complaining.
@@user-cf5su4te9s Not for me. Works everytime I use it. And I have been using it for 1 year now.
I think this video indirectly direct promotion of CRED app.
Yes she has already mentioned when it start
Read the description.
மிகவும் பயனுள்ள காணொளி. கேளுங்கள். எளிய ஆங்கிலத்தில் நன்றி CA Rachana Phadke Ranade
This is a smart promotion video of the Cred.
add-on : lounge access with no cost is available via Debit card as well
That's true but only for certain high-end cards where you need to maintain a pretty high Average Monthly Balance.
Remember, there's no such thing as a free lunch :P
@@Oceansta True!. only visa, platinum mastercard have this facility.
Plz make a video about real side of brokerage charges of all trading platforms.
Exactly .
I'm 19 and I just owned a credit card today 🍻, watching the correct way to use it and being financially literate 🤓out there...this Video was very good, it just removed my fear and now I am gonna use my credit card responsibly..
I have been watching some videos and I was thinking about investing, but still don't know where to start from, any recommendation?
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
@Belle Joyce That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts
You don't make money on forex or crypto by holding your coins rather you trade to make gains
@@jerrytyler7324 I believe your view
The fruitfulness of your trading lies on the account manager or the expert
5:03 that smile & spark in our eyes when we get free food & benefits
फुकट ते पौष्टिक! 😄
its free even when we use a debit card.. every payments company has specific airport lounges in the "free access" list. This includes Rupay also
@@dhanushm419 correct.. Top platinum debit cards of most of the banks give free lounge access.. Usually its 2-3 times every quarter.. I am using sbi platinum debit and axis priority debit card for the same
There are different benefits to owning a credit card. One of which is that the card limit amount can be used as an emergency fund. A lot of emergency situations may come up when you may not have funds with you where you can use your card to make payments. For example hospitalization charges, emergency travel plans, etc. Credit cards can come in handy in those situations, especially at the end of the month when you are short of funds.
I love the way you shared this lounge experience! So true and full of innocence.
Credit Card के फायदे और कैसे सही उपयोग करें
czcams.com/video/BA-T8Tazl8U/video.html
The rule of thumb is never ever get a credit card.
It's really saddening to see a CA promoting the use of credit card.
Thank You
CRED is good
Particularly the reminders
Almost 4 from bill generation till the due date, it is more than enough to not forget and the rewarding is exemplary.
Good information. Thank you madam for the Video.
Yah they sell all the details n make money now they r sponser in ipl..no offers nothing now
I liked the word Financial Discipline, if anyone says kanjoos we can say that it is not konjoos or anything but a financial displicne 👍🏻
Great video as always! I completely agree the current credit system is flawed, but at what cost is this going to be to fix it. For one, like others have posted what government system has ever been smooth and without flaw. This sounds more like less privacy of individual finance. Bank account info and payment history being directly shared to the government. They already know what is reported on end of year taxes. This would allow knowledge of how that money is spent as well. For most people that may not matter but it’s still something to think about. At the end of the day, it’s what it’s. Freedom is far from being free in today’s time. This might make it easier for younger people to get credit they deserve. At the same time giving more credit then someone is accustom to can create problems that could be avoided as well. Because I was in the same situation where my score denied me from great position but I have no worries when I met Hackergold02 on I-g.
The airport lounge part you explain. That's cute. And your every explain so realistic. I.e why I like your content. And it's absolutely worth my time. Thanks
I guess you should explain difference between a)Minimum amount due VS total amount due b) Intrest rate calculation c) Credit card shield charge ....Thank you
10:10 Honestly tell us if you searched CRED or CRED searched you,
The problem will CRED is it tried to get the due amount from one specific email linked to CRED. But the problem is one of my credit card is linked to my office email address which is not linked to CRED and cannot be. This is where the problem comes when we try to make the payment and the due amount shows 0rs. But if you go to specific cc app, it will show you the actual spent and bill amount. People might tend to miss this out. Let me know if you disagree.
मॅम कृपया एक सविस्तर व्हिडिओ Foreign markets मध्ये कशी investment करता येते, भारतातून काय काय पर्याय सध्या उपलब्ध आहेत याच्यावर बनवला तर बहुतेक लोकांना त्याचा फायदा होईल🙏🙏🙏
There are lots of Internation mutual funds in India, you can make use of that.
The most important benefit of a credit card is when you make online purchases and then go to have a dispute reg the product. You can stop the payment if it is well within your billing cycle or put a hold on the payment this usually force the vendor to settle the dispute as his money is locked. The other benefit is sometimes there is free insurance. For Ccidsntal death.
I never used the credit card and even don't think of using that in future.
U should make yourself capable of giving credits and not taking. 🤗🤗
Everyone says credit card is good for improving your credit score but haven't you seen someone getting loans without any credit cards... It's all the game of money and nothin else 😅
Save First and Spend Later whereas credit card philosophy is just opposite and creates a dopamine impact on your spending ... So think and spend wisely even if you use credit cards. ☺️
I hope you will have a good - No Credit Journey !!!
And avoid yourself from all these traps 🙏🙏
CRED is rewarding you for making this video 😉👍
Wat a sweet and simple vdo mam..thanx very much rachna mam...
@ Elizabeth....then why don't you built ur empire with that? 😂
CRED has top notch UI. Haven't seen such class A app in a while.
Agree +1
UI is just at different level....it makes instant attraction to it
Never worry about the reward points , more reward points means be aware you spent that much. it is kind of incentive to spend more. Even a single mistake is good enough for the credit card companies to skin.always spend less than you earn.
4:59 “I just had my dinner” but where you’re getting free food 😂😂
Kisi ko credit card lena h kya
😂😂😂
"do you want to play cards with your credit cards" after this look at the reaction ...hahahaha 😂😂😂👌🤣 not able to stop laughing
Why to take loan, to own, a smartphone!!! Loved it😍🤣
Everyone in the comment section is talking about how she is only promoting CRED. But what is wrong in that? If you run a YT channel and a brand approaches you for their promotion, will you deny it? It's very to point a finger on others. Everybody wants money, everybody loves earning money through brand endorsements.
Please make a video - With BNPL Physical Card which offer - 0 - Zero Cost , 0 - Zero Maintenance , 0 - Interest (2/3/6 - months ) , Split Bill Pay for 2/3/6 - months -- BNPL CARD / Credit Card. Also make a compare video all available BNPL Card. With hidden Cost / Late fee charges.
I have used it for 2 years and recently i asked them to delete my account, because of below reason,
1. When i joined there was no credit score criteria to be eligible
2. They have accessed my credit score with out my permission and i think if the app is only for payments then they should stick to that.
3. And the reward points which i have earned before deletion of my account i never used them as the discount which they offer is regular market discount
4. The products which they advertised are never heard of it.
5. I would have continued to use this app , only if it is credit card management and payment.
This is information era bro your info is someone's wealth so be safe and careful try not to share anything on internet.
Think twice before applying directly!
Cred - I am using this app since last 2 years but still have fear about their credibility and planning to remove it, they rewards initially good but now they rewarding me like 10rs, 7 rs etc. I mean just to earn 10 rs i am giving them all my personal details of credit cards. so Scary. it could be the big scam and they are promoting their app by youtubers, youtube ads and on TV etc.. BEWARE!
I hope you do know that credit score of all citizens is freely accessible for financial institutions and other regulatory agencies ( this includes CRED ). It's not some super secret thing which is known only to you, you would be surprised to know even advertisers have access to it. Get used to it.
@ without customer consent no one can't access any database.its a crime
@@HK-rp6zc Show me the law which states this. Before you go finding, I'll tell you - there is no such law.
Financial institutions report your fiscal activity every month to bureaus which decide your credit score like CIBIL, Experian. They are actually required to do this by law.
You can go to paisabazaar and check your CIBIL score for free, and they will report you your credit score. This is called a soft enquiry and it's PERFECTLY LEGAL and can be done as many times as wanted by the entity. Income Tax Department can also check your database ANYTIME they feel like.
There is no privacy with your fiscal status, and if you think you can do anything to change that, you are deluded. Government and other institutions have access to all your financial data under the garb of ' preventing tax evasion / money laundering '.
Using credit cards I got nearly 6k in form of Amazon vouchers with in 1 year
Desire is the root cause of sorrow : one short advise for nwebies who are confused about owning a credit card or not
That 2 rupee is also credited back.
Also these are limited access.
Pune airport doesn't have lounge.
You get it at Bangalore, mumbai, delhi, Chennai, Kolkata, Hyderabad
Rachana Di trying to Rap. In the opening note ❤️🔥🔥
रिया चक्रवर्ती जैसी लड़कियों की हरकतें सुनकर, क्रेडिट कार्ड से विश्वास ही उठ गया मेरा।
lol
Best comment ever
Credit Card na hota toh Debit card maang leti woh. That would have been even worse.
😂😂
Please note that reward points redemption is chargeble.. the credit card provider does not mention this while making the sale of the credit card...which is a manipulation or misrepresentation of sale of their products and services..
I've been using it since 2018. It's a fascinating application
Just search "recovery agents"on CZcams before applying for credit cards or any loan.
Why take a loan? We can use a credit card like a debit card. If we have control, there will be no problem whatsoever.
I'm using the cred app from last two years , they even sent me cake on my birthday 😁
Oh nice yaar♥️🔥
G chhatne ki ninja technique😂😂😂😂😂😂😂😂😂😂😂😂
Lol
Is it real ??
which company?
Ever since 1997 Credit card was used & only meant for businessmen. Because in some point they used to be in shortage of funds, In order to manage their day-to-day expenses they use the credit card. Think of it guys there is a diffrence between issuing a Readycash & Creditcard.
Robert kiyosaki had paid the down payment of 10% using credit card to buy house and the rest amount he paid by the money he got from rent for that same house and within few years he paid all the debt and then the house was his, without even using a single dollar from his pocket.
Credit card has actually taught me how to make money.
I was using CRED app for more than a year. It was good for credit card management!!
Sure I have learnt so much from you and eager to learn more!!
@@charlottebatie1956 It's a fake account
The Way you explain complex thing in a simplified way is excellent.
Credit card saved me many times from really tough financial crisis. Especially medical emergency. Always keep it safe and make sure you put a limit lock 🔒 of how much you can swipe in one transaction. This also helps in case your card is stolen.
Having a credit card with high credit limits makes me feel soo Good & proud of myself.....🥰
Tumhara chutiya kta hai .....proud kis baat ka ....
@@devmishra9936 credit cards ka benefits uthana na jaane wala prachanda ch*tiya yaani Dev Mishra hota hai 😆😆
@@devmishra9936
suppose
in shopping mall, u have to purchase items worth of 10k and bill counter displayes offer of 5% cashback on credit card .... and u have 10k cash too ...
den what is best mode of payment ?? by cash or CC ?
@DhruvTatti Kabaap it's
' doshhtto '😂
i am feeling confident on SBI cards due to this video
The benefits she told are othe ones provided by SBI card
The happiness when you ate that food in the airport lounge :D
I got that Yummy Yummy yeah,...!!!! 😂
which card btw?
I am using the CRED ... it's just to bait people ... the rewards u get in cred .. if u want to use u can't use more than 20-30 % of any product cost on there store ... but the product price is already too high even after using the cred points it cost more than in other platforms like flipkart n amazon.
It's my personal experience... I was trying to buy electrical kettle of lifelong... after using cred points it was showing 899 rs in cred store..
But the same product I got 649 in amazon..
It's all business tactics to play with human psychology.
I wud say as per my personal experience.
Yes credit card do have some benefits but more than that it has negative consequences.
Already using the cred app..It's ultimate and mind blowing app which provide various offers and cashbacks while paying the bill.👍👍
You are so funny now a days in opening note of the video.....hahaha
Loan
Own
Phone
Absolutely 😂
That's soo true
@@vinodbabu4129 ..... Good that's the beauty of conversation....I love it.
Bana oadtha hai tum jaise ko chutiya banane le liye. Retailers ko aise loot they hai
If you have 2 two cards, one yours and other is husband's, it's always beneficial to use his irrespective of billing cycle :D
😁😁😁
aisi aurato ko 'husband ' hi nhi milna chahiye 🤨🥴
Which one is good
A. Have a credit card of credit limit 1 lakh
B. Have 5 credit cards, each credit limit 20000 rs
Becareful when paying via cred, it takes time to reach the bank, you might default if you planning to pay on last day.
Omg...u r simply mindblowing! You sharing so many insights and thus actually doing a sort of social service. Really appreciate your passion and attitude. God bless you with more and more holistic abundance
man has SBI ELITE CARD which has 2 complimentry movies tickets every month
Koi pucha?
@@SUNANDODAS then why are u giving him attention?
Boycott bollywood
And that man is Ma'am
rbl ka money tap card b deta hai, 1 pe ek free . 2 movie ticket per month
I just got happy after seeing this video as this is how exactly I have been using credit card. Very well explained. 😊
She didn't disclosed her credit card company name, but you can clearly see it in the thumbnail of the video 😂😂😂👍
Kisi ko credit card lena h kya
if anyone reads and understands the book rich dad poor dad, they are never going to be willing to have a creditcard(my personal experience)
Kyu bhai?
Credit card has actually taught me how to make money. Robert kiyosaki had bought a house using credit card.
Robert kiyosaki had paid the down payment to buy house and the rest amount he paid by the money he got from rent for that same house and within few years he paid all the debt and then the house was his, without even using a single dollar from his pocket.
And yet you are here commenting on CZcams instead of making millions by using the ideas in the book.
@@admiralgeneralAladeen Success demands patience and perseverance. You said it and it is done. It's not the game of jokers.
One has to experience many failures in life in order to get successful.
Becoming success is not easy as commenting.
This is for @CA Rachana Phadke Ranade What do you do when the bank penalizes you for late due?
The video is promotion of CRED app...
Airport lounge access comes for higher end cards which has annual fee of 6000 rs like sbi elite card... Nothing comes for free.... Or just 2 rs 😊
Financial discipline is a great point which everyone got to develop....
Very important to have financial discipline and then use credit card. One of my friend took credit cards and used them heavily and finally he ended up heavy penalties like 10000 per month for 3l credit card outstanding and still it is not closed. He struggled with that for an year and finally I had to help him by clearing his 3l cc bills. Unfortunately he was not getting loan from any other bank since he had a low credit score. Finally he took loan from me and closed the cc bills and now repaying me the amount. So the point is financial discipline is must when taking credit and credit cards.
Smart usage is required
Kisi ko credit card lena h kya
Credit card just encourages you to spent more. Nothing else, stay away from credit card
-always have some emergency fund
-don't get greedy towards rewards
Sorry for harsh words!
Hi mam
I'm watching your technical analysis course. Your method of teaching is soooo coooolllll😍😍😍
Always love your informative videos.
visa signature cards and rupay platinum cards also offer domestic lounge access
Lounge Andre yenla gaurav agarwal
Who has a time to calculate at every step of spending
Too much information i got from that single video about credit cards .Thanks mam for explaining it in very easy way
I have a suggestion for you.... Start a foundation or company that focuses on teaching school kids about money ...
I installed cred and then uninstalled it, as I found they had access to my SMSes, mails etc. And it was required.
There's a simple point. If you're not paying for the product, you're the product!
Apart from getting reward points credit cards got no good use. If you need reward points then you got to spend more money buying unnecessary things, which makes no sense.