I'm using CC from last 4 years. . Never paid late fees. Used within 30% of my credit limit. Saved a lot on online purchasing. Credit score 750+ CC is a helping hand if you fulfill your need only.
i dont know who but one of the billionaire said that he never used his money to do the purchases he always use credit cards that means bank money to do the purchases... his basic idea was why should you spent your money if someone is giving you to spent there money and the plus point is you can return the money without any interest.
exactly. always pay dues before time to ensure good cibil score. and don't overspend than you can pay. I have seen many youtubers against the use of credit cards... but its all about how you use it.
I only purchase items using credit card for which I have balance in my bank account. So at the end, I earn the reward points and benefits and pay the outstanding bill immediately and some times even before bill generation
I am using hdfc card with 2 lac limit from last 2.5 year but I never paid single rupee till now.. even I have earn rewards from it...this depends on our self control...
I am using CC from last 21 years. Following my friend's advise and never missed any payment even though couple of time it has gone beyond 6 figure. No interest or penalty paid till date. I know they keep calling for personal loans. My friend told them - I use CC only for convenience ( no need to carry cash), if I need personal loan, I will approach my bank, not the CC company. Following same - use it only for convenience.
Then Sir For Loan(if Required ) you will get a Personal Loan with minimum 10.25 ROI , but in credit card the ROI is 14-15(REDUCING ROI) approx 8-9 % as Fixed Rate of Loan. Also if I have to close the loan Personal Loan can be closed after 12 months but in Credit Card Loan I can close it whenever I wish to. Also Forclosure Fee of Personal Loan is 5% + GST on an average for 90 percentage of banks but CC Loan if gets closed before tenure the foreclosure fee is maximum 3 % as per RBI Norms. Think before taking loan banks are not sitting there to give you money , they are sitting to give you their money to get your money.
Sorry to say ....i have 12 CC along with one slice card. No problem so far. Fire ,water, wind all these can hit badly our human life but if you know how to use it then these can help you to cook food, production of corps, production of electricity, and many more. So use CC wisely, it will help you surely.
Using credit card since last 5years. Paid the dues on time. Utilised my savings money from account for investment. Now, I've developed a good portfolio of investments
In case of emergency nobody helps,where cc can help you.It's totally on your discipline.Yet you can convert your expenses in EMI.You will charge around 15%PA. It's Money power in today's world,which gives you Shanti.
ITs depend person to person - credit card is very beneficial for me , i got monthly 500 book my show movie coupen , for it i have to spend Rs 5000 every month by card . i used for petrol, mobile recharge , electricity bill , house grocery .
Interesting take on things.. in my opinion a person with less self control can opt for reducing the credit limit on the card to up to 50% of the monthly income to ensure that payments can be made in full regularly without attracting interest. Also, the advantages mentioned seemed like disadvantages in disguise.
If you have self control then its a boon... especially if you do a lot of online shopping. Now-a-days, we can buy all our household stuff online and at a discounted price when using a credit card. These discounts make using Credit Cards worthwhile. BUT, if you dont have self-control and start spending excessively on stuff you want but dont actually need or if you don't pay the bills on time then yep, you are in for a painfull expensive lesson. I, for one, have never missed my bill payments and have always payed them in full. With these additional Credit Card specific discounts I save around 15-20k every year. And all this is without even mentioning the benefit of No-Cost EMIs. Just a reminder, check the fees very carefully before applying for one.
An advantage of Credit Card is that it is a very handy tool for use in case of international purchases because of its advanced security, or for use in some emergency situations like immediate hospital admission. However, one has to make sure that he/she can repay the transaction amount within the stipulated interest free time period. For everything else a debit card would be more than adequate.
Read almost all comments mostly favouring use of CC. This video is not for people using CC wisely. This is for the people who don’t know these terms and conditions or rather unable to understand it. Most of the users have credit card because they got it on from agents who get huge commission selling it. Most of the time these agents give false information, they will never tell these terms and conditions mentioned in this video. Thanks to Mandeep, you are creating awareness. For those who is supporting use of CC, I guess you are either smart or a CC agent. This video is not for you.
I have 2 credit cards for last 4 years. Both are lifetime free with no annual charges. Always paid complete bill just a day before the due date. I am sure my credit card companies hate me 😉
i can solve your Disadvantage bro one by one in 1-(u said about intrest charge is very high) I need to pay intrest if i cant pay my credit card bill within due date.Till than i can use money in terms of credit 2-(u said credit card downgrade my cibil score because of late payment) but if i pay my bill within due date than my cibil is increses. 3-(u talk about anual fee ) but it is wavier if i pay minimum amount of credit as well as it can be revert in terms of bonus 4-(u said about T & C in terms of intrest rate about "late payment" again) if i pay my bill within due date than there is no tension for any amount of intrest fee. 5-(u said about minimum payment) u should upgrade your knowledge.all credit card shows total outstanding first. 6-(u said about amont investment) i think u should know about the concept of credit card..obviously it is used for routine life 7-(u said about excess use of credit card) oh bro last disadvantage is depends on a person. so finally... u should change your title.. remove the word "DISADVANTAGE" & replace it with "IF U R NOT GOING TO PAY BY DUE DATE THAN" Thanks, have a great day.
@@safiurrehman1621 agar 45 din muft me paise use krne he to annual fees to bharna hi hoga na...aur rahi baat Hidden charges ki. To koi bhi card ki koi bhi T&C dekh lo me 6 saal che bahot card use kr liye. Ek bhi bar Hidden charge nai laga. Not a single time. 🙂
Mitesh Awasthi Bhai aap ko bata do ke koi bhi bank jab credit card ka offer karta hai to un ke #representative (call centre) #It sell wale bolte hai ki is card ki suvidha bilkul muft hai......
Aur rahi baat aap ki ! To mujhe aapka to nahi maloom ki aap ko hidden charges lage ki nahi. Mere pass aisi kai logo ki shikayat likhit mai aai hai!!! Ke bank ne #hidden charges lagaya hai
Very good video, I liked it so much.. Such realistic info ❤️❤️ can't believe banks haven't paid Google to block this video.. 🤣🤣 Honestly very Good video.. 👏🏻👏🏻
Having more than 22 cards with over all limit of rupees 32 lacs. My monthly statement usually generated around 7 to 8 lac (intentionally) and I earn extra 7 to 12 thousand per month with rewards. Excluding bank offers. But han self control to nahi rahta hai. Par mai manage ache se kar leta hun.
Be sincere in paying full amount without paying extra rupee to bank. Be disciplined and should use within the limit , no need to fear . It's a fantastic if you are a wiser user. Make full payment Everytime to avoid late fee and interest charges etc.
arey bhai kisne kaha ki credit card hone se wealth par asar padta hain. Mere paas 3 credit card hain, aur mujhe fayde par fayda hi ho raha hain. agar aap samay par payment karenge to koi problem nahi. No late fees, no intrest. Samay par paise dete jao aur reward points ekhte karte jao, jisse aap rewards paate jao.
@@sonamdeshpande7281 exactly , just pay the entire bill before due date , and if u have a lifelong free credit card then customer always in benefit . only con is if u have a say 499 or 999 amc card then just buy using that card to set it off using reward point
We required more videos on this from youtubers to spread awareness.. yes credit card companies are trapping "less Knowledgeable" peoples but some ppls r using this too visely..
Credit card is very usefull in emergency situations. I in travel industry make maximum use os credit card but But clear it before they charge you interest.
Hello Suraj here from SBI CARD Mei ek sales executive . kisiko bhi kuch jana ho kisi bhi credit card ke bare mai mujhe call kare 9892842478/6389692127 Also I have authority for issuing any bank (specially SBI) of credit card on salary card against card and ITR
@@surajdharmnathgaund3314 agar credit card ka bill due date de pahle (45 days)pay kiya gaya to interest Nahi padta qua? 2.online shopping ke credit card jyada safe hai ya dabit card?
@@satishsaraf589 pay your bill before due date and enjoy, don't even think about 45 - 50 days. It's safe online too. Only you could make it vulnerable.. be smart, play safe.
Hello Suraj here from SBI CARD Mei ek sales executive . kisiko bhi kuch jana ho kisi bhi credit card ke bare mai mujhe call kare 9892842478/6389692127 Also I have authority for issuing any bank (specially SBI) of credit card on salary card against card and ITR
Mandeep, You said mostly correct. I own a Credit Card DSA and have been making Credit Card for many customers. What I have found out that there is a severe lack of correct information and education on this aspect. I educate my customers on this aspect but still not everyone does.
This is a very good and informative information in relation to credit cards. It depends on the person to person use. Marvelous and great information about credit cards.
Information is right but why to delay the payment of credit card I am using credit card from 5 years and I never made the late payment and never paid fine and if you use any kind of service and you do not dp paywment on time there is always fine you are totally wrong credit card is very helpful if you use it wisely and do payment on time it is kind of friend which help you in every bad situation and if you do not have credit card you have to ask for money from someone else only you hoave to make payment on time and they provide 50 days to make payment you are fool providing wrong information to public.
At first you say information is right and in the end say contrary to it. The uploader took it too far to say or rather emphasize that it is highest interest loan.
Bhai credit card se ek baar shoping karne k baad uska bill pay kar diya and next year usme se 1rs kharcha bhi nhi kiya to next year end me hame kitna payment karna hota hai
@@utkarsh_0410 but kya fayda usse annual fee ka or kyu du mein bank ko jabki mein timely pay kar raha hu paisa bank ko.. Annually calculate karo ge maintenance fee toh equal to jitna discount diya hai utha hi aa jayega..
@@himansbhad2078 Credit card is only useful if you have know expenses that you pay for. If you pay for online expenses, or don't shop often then credit card is not useful. So if your monthly expense come to around 20k, you can use credit card for that. And as long as you are making payment completely every month, then your CIBIL score also increases.
Things I would like to know Why you wanted to delay your payment? Why you wanted a loan from credit card? Why you wanted to exceed your credit limit? Credit card can destroy you only if you are unable to manage your own money, if you are not earning money. I am using my cards since last 5 years and never made late payment, I and my family member purchase things during offers which give more benefit to me as you have seen 10% discount offer on Flipkart and amazon.
Waste video... I use credit card only how much I required, I use it same like debit card... I never delayed credit card payment, minimum payment... never paid late fees Credit card will charge yearly fees, but this can waved off by knowing the terms and conditions. Really waste of video.... I m using my credit card wisely since 6 years...
Greatly explained this topic, but can you explain how to close certain credit card, because this procedure is really complicated for a user. As bank do not respond to our card closing request nor there is any customers support help for this procedure. What could be better option?
Very informative video bro, I had made a mistake to sign credit card documents by SBI today but still I hadn't verified & submitted my details to bank ,but they had made me sign documents....So I m planning to abort credit card process today....Thanks for valuable info👍
Sir you really explained well about the pros and cons of credit card ... and yes cons could be dangerous if is not handle by care... But in todays time when you purchase something from a website like i purchases courses for study online so they usually accepts payment only through debit or credicard.. many websites... And i think credit card is more better then debit card because if you want to purchase a thing for which you have not the sufficient amount to pay then credit card could become handy .. Also it helps to maintain a sufficient balance in your account ... means if you use debit card then your bank balance will be reduce but when you use credit card your bank balance do not reduce only you become liable to pay .. i think you are able to get a prospective which i want to describe because i cannot describe every human prospect or nature by writing .... So it can be very useful when someone uses it for specific purpose only and also can easily pay after a specific period ... also is aware of terms and conditions for security ... so for a wise man .. a credit card is a good option .. Thus your video is wrong that credit card should be voidable.. they can be use efficiently if they are handle by care... and it should be okay to pay some small payment for card like you mention that they charge some money for issuing card aur etc.. so it is okay man they are giving you a loan and i you pay under min o 40 days then no intt is payable .. so it should be okay to pay small small amount which they charge as you mention other like paying of debt... Thank u 😂
Bhai yaha par account me 1000rupaye nahi hote account me after first week( excluding some money saved for emergency and some for daily basis need for upto next 30 days usage ) to to kya guarantee hai ki Mai regularly bhar paoonga paise agle mahine to mere liye debit card hi sahi hai
I have been issued 11 Credit card in last 5 years. Paid timely all bills. Paid zero late fee. Earned lots of discount online and offline. Once earned 7000 discount on 40000 Laptop using Credit card. Have credit card but use wisely and pay timely.
Best video ever on credit card....hats off to you man !! Just once the girl was watching from outside the window was where i got distracted but overall it was a fabulous presentation
I have been using my credit card for past 10 years. Hardly knew how to redeem points but off late doing that. I make sure the day bill is received I make payment next day 100%. Never due to pay. Also not used beyond 30% of my limit.
It is the human nature and economics behind which explains that human needs are never settled at any point, the moment people get Credit card it just blows their minds up and their salary too, of which the CC companies take advantage..😇
I was using credit card alot few years back and everytime i pay about 70-80% of bill amount. And it kept going on till i stopped using it. It makes us spend more without noticing it. I don't use credit card for any transaction unless necessary and make sure to pay it off before due date or even before bill generate.
100%agree with you And therefore in my whole life I never took, never entertain any credit card seller. Also I didn't allow many of my friends and relatives to take cr card. Main thing is that you develop the habit of Pauling more than you earn and ofcourse bank wants business, not doing charity
Yeah Supply of money creates demand. CC is an hypnotizing tool and one who understand this can hypnotize banks in reverse. Take out excell sheet and calculate your annual spendings and choose the best cc.
Discipline is required for using CC effectively. Using since 12 years 4 CC of diff banks, with a habit of paying every bill on 1st of Month. Hence good have similar billing cycle for all CCs.
You should keep billing cycle different so that you can pay all cards bill on different date. It will give you more time for each purchase. Like 1-7 one card 8-15 second 16-24 third and 25-31 fourth. So that your bill will be delayed
@@deepakpunam if you are using CC for loan purposes and delaying your payments, then you are aligned with Banks' objectives. Keeping cycle different will keep you on toes entire month to relent payments, mistakes bound to happen. Hence, I use them for their offers only and not for delaying payments.
I am new to credit card. Can you plz suggest me where can i utilize the 30% of my credit limit? I don’t want to mess up it like using it for withdrawal.. which is worst use, so plz suggest me best use so i can increase my credit score
Bro you are scaring people unnecessarily, Those who can use a CC properly and make timely payment should get it otherwise not , Believe me it’s a great financial vehicle!!
Not everyone can master this trick. I make atleast 10k a year by redeeming reward points and 4 flight tickets at rebate. So far I have not paid a single paisa as interest. And earned thousands as cashback. But only for those who know the trick of the trade. Else it will screw all your financial planning system.
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A: High security registration plate
Agar main six month tak
Use nahin karo to kya nuksan hoga....
I am Bhaskar Biswas From SBI credit card..
Contact number 7003007848
Seriously dude, you really don't know about credit card.
Sir ham credit card ka paisa share market me lga sakte h kya koe illegal to nhi h kuch
I'm using CC from last 4 years. .
Never paid late fees.
Used within 30% of my credit limit. Saved a lot on online purchasing.
Credit score 750+
CC is a helping hand if you fulfill your need only.
@Django Unchained how much processing fee and yearly charges ??
i dont know who but one of the billionaire said that he never used his money to do the purchases he always use credit cards that means bank money to do the purchases... his basic idea was why should you spent your money if someone is giving you to spent there money and the plus point is you can return the money without any interest.
@@Shivam0217 frank abignale i think
Please tell me what is this cc
@@somethingtolearn9775 CC means credit card
Using CC since 21 Years of age, only thing I have ensured is to pay 100% every time. And use less than 50% of salary.
This is the mistake I done🥺
exactly. always pay dues before time to ensure good cibil score. and don't overspend than you can pay. I have seen many youtubers against the use of credit cards... but its all about how you use it.
30 percentage.
@@akshatdalmia8274 correct
Ab kitni umar h?
Mere bahut self control hai.. 100 rupye ki chiz lene me 3month search krta hu tb leta hu😂😂😂
Wah Vai
Wow bro
Are bhai me bhi Jaiswal😊😂
Bhai isse control nahi maha kanjoosi kehte hai😂😂😂
Makkhi ...sssss
Credit card is just like true friend in need. Use wisely and live happily.
@Raunak Dubey tu garreeb Kya halla Kar Raha hai.. Sach he you bola usne.
Do you "use" your friends?
I only purchase items using credit card for which I have balance in my bank account. So at the end, I earn the reward points and benefits and pay the outstanding bill immediately and some times even before bill generation
Pay only after bill generation though, cause otherwise it doesn't reflect on your credit report and you don't get the benefit of using credit cards!
CC is best if you are disciplined, used for NURTURE CIBIL SCORE...
It depends on person to person how you manage your expenditure. I have been using cc since 2016 and never feel it is bad to use
भाई साहब आपने बहुत ही अच्छा बताया शायद ही कोई यूट्यूब पर ऐसा बताता है आपको तहे दिल से धन्यवाद आपका वीडियो
Jo Positive comments Kar rahe credit card ke bare mein yeh pakka Credit Card Sale officers 😆😆
👇👇
Sahi kaha, I won't be touching this bawasir AKA CC chahe yeh CC salesmen kitni bhi kahaniyaan suna lein 😊😊
I am using hdfc card with 2 lac limit from last 2.5 year but I never paid single rupee till now.. even I have earn rewards from it...this depends on our self control...
Can you suggest me where i can use credit card for best out of it?
I am using CC from last 21 years. Following my friend's advise and never missed any payment even though couple of time it has gone beyond 6 figure. No interest or penalty paid till date. I know they keep calling for personal loans. My friend told them - I use CC only for convenience ( no need to carry cash), if I need personal loan, I will approach my bank, not the CC company. Following same - use it only for convenience.
Then Sir For Loan(if Required ) you will get a Personal Loan with minimum 10.25 ROI , but in credit card the ROI is 14-15(REDUCING ROI) approx 8-9 % as Fixed Rate of Loan.
Also if I have to close the loan Personal Loan can be closed after 12 months but in Credit Card Loan I can close it whenever I wish to.
Also Forclosure Fee of Personal Loan is 5% + GST on an average for 90 percentage of banks but CC Loan if gets closed before tenure the foreclosure fee is maximum 3 % as per RBI Norms.
Think before taking loan banks are not sitting there to give you money , they are sitting to give you their money to get your money.
Sorry to say ....i have 12 CC along with one slice card. No problem so far.
Fire ,water, wind all these can hit badly our human life but if you know how to use it then these can help you to cook food, production of corps, production of electricity, and many more.
So use CC wisely, it will help you surely.
Everybody cannot be you?
True...
Credit card is only for limited usage.. use for basic needs & pay the bill on time then I don't think there is any drawback of using credit card..
Using credit card since last 5years. Paid the dues on time. Utilised my savings money from account for investment. Now, I've developed a good portfolio of investments
In case of emergency nobody helps,where cc can help you.It's totally on your discipline.Yet you can convert your expenses in EMI.You will charge around 15%PA. It's Money power in today's world,which gives you Shanti.
Answer is A: High Security Registration Plate
Had CC at early years when started working but didn't know all pros and cons... Had a difficult situations later for it
True yr, I'm facing problems with credit card... 🤦♂️
Agree with most your points.
But if u use your card maintaining ur payments within due dates,it's very useful.
Control on ur expenses is the basic.
all the disadvantages you mentioned are after default in repayment.
Credit Card के फायदे और कैसे सही उपयोग करें
czcams.com/video/BA-T8Tazl8U/video.html
Just look at numbers
ITs depend person to person - credit card is very beneficial for me , i got monthly 500 book my show movie coupen , for it i have to spend Rs 5000 every month by card . i used for petrol, mobile recharge , electricity bill , house grocery .
Which card?
@@kanishkgiri6429 RBL Fun Card
For petrol, don't we have to pay extra (fuel surcharge) ?
@@faizanphysio fuel surcharge will reverse in card statement
Interesting take on things.. in my opinion a person with less self control can opt for reducing the credit limit on the card to up to 50% of the monthly income to ensure that payments can be made in full regularly without attracting interest. Also, the advantages mentioned seemed like disadvantages in disguise.
Fact is those who can't manage and handle credit card can never manage their cash and savings.
If you have self control then its a boon... especially if you do a lot of online shopping.
Now-a-days, we can buy all our household stuff online and at a discounted price when using a credit card. These discounts make using Credit Cards worthwhile.
BUT, if you dont have self-control and start spending excessively on stuff you want but dont actually need or if you don't pay the bills on time then yep, you are in for a painfull expensive lesson.
I, for one, have never missed my bill payments and have always payed them in full. With these additional Credit Card specific discounts I save around 15-20k every year.
And all this is without even mentioning the benefit of No-Cost EMIs.
Just a reminder, check the fees very carefully before applying for one.
Answer is( A )sir High security registration plate
An advantage of Credit Card is that it is a very handy tool for use in case of international purchases because of its advanced security, or for use in some emergency situations like immediate hospital admission. However, one has to make sure that he/she can repay the transaction amount within the stipulated interest free time period. For everything else a debit card would be more than adequate.
Every disadvantage of credit card has an if. If you pay your bills on time and you have self control then there is no harm in using credit cards.
Read almost all comments mostly favouring use of CC.
This video is not for people using CC wisely.
This is for the people who don’t know these terms and conditions or rather unable to understand it.
Most of the users have credit card because they got it on from agents who get huge commission selling it. Most of the time these agents give false information, they will never tell these terms and conditions mentioned in this video.
Thanks to Mandeep, you are creating awareness.
For those who is supporting use of CC, I guess you are either smart or a CC agent.
This video is not for you.
Most important rule use cc only for needs not wants which you can afford to pay in full on due date.
You are doing osm work mandeep bro
Good information for young generation I am in 20 years old
I have 2 credit cards for last 4 years. Both are lifetime free with no annual charges. Always paid complete bill just a day before the due date.
I am sure my credit card companies hate me 😉
Please tell me name of card
Which bank's cards are lifetime free from AMC and how please tell!
@@subodn for example citi bank. u have to spend 10k in a month or a year then AMC will not be charged.
@@gaurav25sep this way all credit cards are lifetime free!
Same here i have 4 credit cards and i pay on time.. with no charges annualy..!!
🤣😂
bass credit card ka poora outstandng time pe bharo ..... fir credit card is very good thing
i can solve your Disadvantage bro one by one in
1-(u said about intrest charge is very high) I need to pay intrest if i cant pay my credit card bill within due date.Till than i can use money in terms of credit
2-(u said credit card downgrade my cibil score because of late payment) but if i pay my bill within due date than my cibil is increses.
3-(u talk about anual fee ) but it is wavier if i pay minimum amount of credit as well as it can be revert in terms of bonus
4-(u said about T & C in terms of intrest rate about "late payment" again) if i pay my bill within due date than there is no tension for any amount of intrest fee.
5-(u said about minimum payment) u should upgrade your knowledge.all credit card shows total outstanding first.
6-(u said about amont investment) i think u should know about the concept of credit card..obviously it is used for routine life
7-(u said about excess use of credit card) oh bro last disadvantage is depends on a person.
so finally... u should change your title.. remove the word "DISADVANTAGE" & replace it with "IF U R NOT GOING TO PAY BY DUE DATE THAN"
Thanks,
have a great day.
Bhai hidden charges jaise (maintenance charges) ke bare main to bata.
Ise q bhool gaya.
@@safiurrehman1621 agar 45 din muft me paise use krne he to annual fees to bharna hi hoga na...aur rahi baat Hidden charges ki. To koi bhi card ki koi bhi T&C dekh lo me 6 saal che bahot card use kr liye. Ek bhi bar Hidden charge nai laga. Not a single time. 🙂
Mitesh Awasthi
Bhai aap ko bata do ke koi bhi bank jab credit card ka offer karta hai to un ke #representative (call centre) #It sell wale bolte hai ki is card ki suvidha bilkul muft hai......
Aur rahi baat aap ki ! To mujhe aapka to nahi maloom ki aap ko hidden charges lage ki nahi.
Mere pass aisi kai logo ki shikayat likhit mai aai hai!!!
Ke bank ne #hidden charges lagaya hai
Aur koi bank muft main paise nahi deta.hum un ke costumor hote hai humari hi wajah se wo Paisa kamate hai.
Very good video, I liked it so much..
Such realistic info ❤️❤️ can't believe banks haven't paid Google to block this video.. 🤣🤣 Honestly very Good video.. 👏🏻👏🏻
Having more than 22 cards with over all limit of rupees 32 lacs. My monthly statement usually generated around 7 to 8 lac (intentionally) and I earn extra 7 to 12 thousand per month with rewards. Excluding bank offers. But han self control to nahi rahta hai. Par mai manage ache se kar leta hun.
22 cards , BC 5k annual payment 1 lakh+ho jayegi
Be sincere in paying full amount without paying extra rupee to bank. Be disciplined and should use within the limit , no need to fear . It's a fantastic if you are a wiser user. Make full payment Everytime to avoid late fee and interest charges etc.
A: High security registration plate
arey bhai kisne kaha ki credit card hone se wealth par asar padta hain. Mere paas 3 credit card hain, aur mujhe fayde par fayda hi ho raha hain. agar aap samay par payment karenge to koi problem nahi. No late fees, no intrest. Samay par paise dete jao aur reward points ekhte karte jao, jisse aap rewards paate jao.
Credit card company's are very intelligent to trapped you in their cycle..no matter who you are..🤣🤣🤣🤣
i ve never missed paying cc bill on time .
how exactly am i at loss becos of it??
@@sonamdeshpande7281 exactly , just pay the entire bill before due date , and if u have a lifelong free credit card then customer always in benefit .
only con is if u have a say 499 or 999 amc card then just buy using that card to set it off using reward point
We required more videos on this from youtubers to spread awareness.. yes credit card companies are trapping "less Knowledgeable" peoples but some ppls r using this too visely..
Credit card is very usefull in emergency situations. I in travel industry make maximum use os credit card but But clear it before they charge you interest.
Hello Suraj here from SBI CARD
Mei ek sales executive .
kisiko bhi kuch jana ho kisi bhi credit card ke bare mai mujhe call kare 9892842478/6389692127
Also I have authority for issuing any bank (specially SBI) of credit card on salary card against card and ITR
@@surajdharmnathgaund3314 agar credit card ka bill due date de pahle (45 days)pay kiya gaya to interest
Nahi padta qua?
2.online shopping ke credit card jyada safe hai ya dabit card?
@@satishsaraf589 pay your bill before due date and enjoy, don't even think about 45 - 50 days. It's safe online too. Only you could make it vulnerable.. be smart, play safe.
@@surajdharmnathgaund3314 g. mijhe crdit kard band karwna hai kyse karu
Credit card is necessary for emergency.... Just like hospital payment..
🙂 same thing bro
Never. Get a health insurance.
Using credit card wisely is better than not using it at all. Always pay full credit card bill on time and enjoy the rewards.
कईसे 😂😂😂😂😂
aaj hi credit card apply kiya Axis Bank ka... apne to dimag jhanjhana diya bhai😜😜😜😜
Hello Suraj here from SBI CARD
Mei ek sales executive .
kisiko bhi kuch jana ho kisi bhi credit card ke bare mai mujhe call kare 9892842478/6389692127
Also I have authority for issuing any bank (specially SBI) of credit card on salary card against card and ITR
Dont use credit card... Never
Credit card use karne me dikkat nhi hai.... Bas limit me use karo... Or every month pay karo
Bindass use karo lekin limit me.. Iski bat pe dhyan na do..
Don't worry bro, use it by smart mind, it will helps you to increase your CIBIL score, but set your mind for never delay the payment..
That girl in background..😆
😂
Hahaha
Where?
@@allanfernandes8857 right side on orange chair
She made the show.
Mandeep,
You said mostly correct.
I own a Credit Card DSA and have been making Credit Card for many customers. What I have found out that there is a severe lack of correct information and education on this aspect.
I educate my customers on this aspect but still not everyone does.
Using CC since 21 years of age , without any income but by FD, its been 8yrs using CC without any late fee and my CIBIL is 870.
if you pay full bill on time ....there's no worry. credi card is the best
This is a very good and informative information in relation to credit cards. It depends on the person to person use. Marvelous and great information about credit cards.
Information is right but why to delay the payment of credit card I am using credit card from 5 years and I never made the late payment and never paid fine and if you use any kind of service and you do not dp paywment on time there is always fine you are totally wrong credit card is very helpful if you use it wisely and do payment on time it is kind of friend which help you in every bad situation and if you do not have credit card you have to ask for money from someone else only you hoave to make payment on time and they provide 50 days to make payment you are fool providing wrong information to public.
JANAB CREDIT CARD FASANE IS TARIKA HAI
Manoj i agree with u..
At first you say information is right and in the end say contrary to it.
The uploader took it too far to say or rather emphasize that it is highest interest loan.
U right
Disadvantage - Interest is 35 - 40% p.a.
This one con explained in different points just to increase video duration. Else pros are worth it. Use CC ✌️
Bhai credit card se ek baar shoping karne k baad uska bill pay kar diya and next year usme se 1rs kharcha bhi nhi kiya to next year end me hame kitna payment karna hota hai
@@123pathshala4 depends on card and bank. Ask your bank for annual charge
@@123pathshala4 you have to pay annual membership fees only.
@@utkarsh_0410 but kya fayda usse annual fee ka or kyu du mein bank ko jabki mein timely pay kar raha hu paisa bank ko..
Annually calculate karo ge maintenance fee toh equal to jitna discount diya hai utha hi aa jayega..
@@himansbhad2078 Credit card is only useful if you have know expenses that you pay for. If you pay for online expenses, or don't shop often then credit card is not useful.
So if your monthly expense come to around 20k, you can use credit card for that. And as long as you are making payment completely every month, then your CIBIL score also increases.
Things I would like to know
Why you wanted to delay your payment?
Why you wanted a loan from credit card?
Why you wanted to exceed your credit limit?
Credit card can destroy you only if you are unable to manage your own money, if you are not earning money.
I am using my cards since last 5 years and never made late payment, I and my family member purchase things during offers which give more benefit to me as you have seen 10% discount offer on Flipkart and amazon.
Answers
A) High Security Registration Plates
Waste video...
I use credit card only how much I required, I use it same like debit card...
I never delayed credit card payment, minimum payment... never paid late fees
Credit card will charge yearly fees, but this can waved off by knowing the terms and conditions.
Really waste of video....
I m using my credit card wisely since 6 years...
Bhai in case of disaster u delayed for one day thousand of late fee applicable.....best of luck but.....be careful
This is for the people who are not punctual with their payments and cannot balance their finances
Sahi kaha bhai
Video is NOT at all waste. Frequent user of Credit Card already know these things. But for new people who are NOT familiar this is really useful.
Greatly explained this topic, but can you explain how to close certain credit card, because this procedure is really complicated for a user. As bank do not respond to our card closing request nor there is any customers support help for this procedure. What could be better option?
Thanks for sharing the info, now understood the whole funda within a short time..its time-efficient .
Very informative video bro, I had made a mistake to sign credit card documents by SBI today but still I hadn't verified & submitted my details to bank ,but they had made me sign documents....So I m planning to abort credit card process today....Thanks for valuable info👍
Bhai esa mere saath aaj hua hai 😢
A: high security registration plate
*SAY NO TO CREDIT CARD*
Vey Informative Video
Thank You.
CIBIL score kaise badega fir.. credit card hoga tabhi toh increase hoga or loan milega in future
Credit Card statement always mentioned minimum and total due amount.
Sir you really explained well about the pros and cons of credit card ... and yes cons could be dangerous if is not handle by care...
But in todays time when you purchase something from a website like i purchases courses for study online so they usually accepts payment only through debit or credicard.. many websites...
And i think credit card is more better then debit card because if you want to purchase a thing for which you have not the sufficient amount to pay then credit card could become handy ..
Also it helps to maintain a sufficient balance in your account ... means if you use debit card then your bank balance will be reduce but when you use credit card your bank balance do not reduce only you become liable to pay .. i think you are able to get a prospective which i want to describe because i cannot describe every human prospect or nature by writing ....
So it can be very useful when someone uses it for specific purpose only and also can easily pay after a specific period ... also is aware of terms and conditions for security ... so for a wise man .. a credit card is a good option ..
Thus your video is wrong that credit card should be voidable.. they can be use efficiently if they are handle by care... and it should be okay to pay some small payment for card like you mention that they charge some money for issuing card aur etc.. so it is okay man they are giving you a loan and i you pay under min o 40 days then no intt is payable .. so it should be okay to pay small small amount which they charge as you mention other like paying of debt...
Thank u 😂
Bhai yaha par account me 1000rupaye nahi hote account me after first week( excluding some money saved for emergency and some for daily basis need for upto next 30 days usage ) to to kya guarantee hai ki Mai regularly bhar paoonga paise agle mahine to mere liye debit card hi sahi hai
I have been issued 11 Credit card in last 5 years. Paid timely all bills. Paid zero late fee.
Earned lots of discount online and offline. Once earned 7000 discount on 40000 Laptop using Credit card.
Have credit card but use wisely and pay timely.
11 credit card 🐒🐒🐒😂😂
Best video ever on credit card....hats off to you man !! Just once the girl was watching from outside the window was where i got distracted but overall it was a fabulous presentation
👌👌👌👌👌
Bahut khoob bro... Aankhein khol dein aapne
Credit card is mostly advantageous , only condition is you must pay the bill in full before due date.
I have been using my credit card for past 10 years. Hardly knew how to redeem points but off late doing that. I make sure the day bill is received I make payment next day 100%. Never due to pay. Also not used beyond 30% of my limit.
It is the human nature and economics behind which explains that human needs are never settled at any point, the moment people get Credit card it just blows their minds up and their salary too, of which the CC companies take advantage..😇
Yeah Supply of money creates demand. CC is an hypnotizing tool and one who understand this can hypnotize banks.
11:44 degree ke baad job milte he😂🤣
Samjh Skta Hoon...😂😂😂
आपने मेरी आँखे खोल दी, इससे पहले, क्रेडिट कार्ड वाले मेरा अकाउंट खोल देते।
away from credit card, stay save।
I just received my credit card while watching this video, thanks for the valuable information
Very nice video and indeed an eye opener to the credit card holders. Kudos. 👏👌👍
Icici daily mera ko call karthea buy credit card..... When I watch your decide to revovked my credit card thanks slot brother
very well explained in details loved it bro !!!!!!!!!! keep the osome work doing
I was using credit card alot few years back and everytime i pay about 70-80% of bill amount. And it kept going on till i stopped using it. It makes us spend more without noticing it. I don't use credit card for any transaction unless necessary and make sure to pay it off before due date or even before bill generate.
Thanks for the Information sir
Nice Video.. very informative especially the insurance and returns part.
100%agree with you
And therefore in my whole life I never took, never entertain any credit card seller. Also I didn't allow many of my friends and relatives to take cr card.
Main thing is that you develop the habit of Pauling more than you earn and ofcourse bank wants business, not doing charity
Yeah Supply of money creates demand. CC is an hypnotizing tool and one who understand this can hypnotize banks in reverse. Take out excell sheet and calculate your annual spendings and choose the best cc.
@@chennasreenu4723 true
thanks so much for the info sir :)
Thank you dear. Now I've decided not to get a credit issued. Dobara shukriya bhai
(A) : HSRP - High Security Registration Plate.
I am a bank employee and I don't use credit card.
Whyy
@@asadahmad5990 Bhai sabki okay nai
Credit card is like a trap, if your salary is low and no control on your expanses........
That's why I like SBI.. they dnt give cards to guys with less salary 🤣🤣
I recently started using credit card for the sole purpose of building credit score. I use it to pay bills and immediately repay it back.
Very analytical video. Total informative video. Many many thanks......
Yes bro mujhme self control hai bhai last 1 year se Kotak bank ka credit card use karraha hai aur every month only 200 to 500 RS use karte hai
Discipline is required for using CC effectively. Using since 12 years 4 CC of diff banks, with a habit of paying every bill on 1st of Month. Hence good have similar billing cycle for all CCs.
You should keep billing cycle different so that you can pay all cards bill on different date. It will give you more time for each purchase. Like 1-7 one card 8-15 second 16-24 third and 25-31 fourth. So that your bill will be delayed
@@deepakpunam if you are using CC for loan purposes and delaying your payments, then you are aligned with Banks' objectives. Keeping cycle different will keep you on toes entire month to relent payments, mistakes bound to happen. Hence, I use them for their offers only and not for delaying payments.
I am new to credit card. Can you plz suggest me where can i utilize the 30% of my credit limit? I don’t want to mess up it like using it for withdrawal.. which is worst use, so plz suggest me best use so i can increase my credit score
Always remind: Don't spend on liability by Credit card
Ohh man you nailed it 🥵🥵What a video on this imp issue🔥🔥🙏
The girl in the background is having hiccups 😂😂😂😂😂
Thank helpful I don't used credit card
Bro you are scaring people unnecessarily, Those who can use a CC properly and make timely payment should get it otherwise not , Believe me it’s a great financial vehicle!!
Not everyone can master this trick. I make atleast 10k a year by redeeming reward points and 4 flight tickets at rebate. So far I have not paid a single paisa as interest. And earned thousands as cashback. But only for those who know the trick of the trade. Else it will screw all your financial planning system.
@@manganibaibhaskar853 which credit card u r using.
If you pay credit card bill in time and in full then no problem. You get 45 days to settle bills.
Question #56
Answer is option (A) High Security Registration Plate
I canceled my credit card after watching your vdo.....useful
😂😂😂so ur stupid
Mahesh in emergency he will not help you, don’t be stupid
its totaly stupid thing
😂😂😂so ur stupid
HSRP means High-security registration plate (option 'A' )
U r the real student of commerce
मैने फ्री टिकिट पॉइंट्स और नो कॉस्ट emi के लिए क्रेडिट कार्ड लिया और खरीदारी की तो उसका बिल मेरे अकाउंट से ऑटोमेटिक नही कटेगा क्या अगर मेरे अकाउन्ट में हमेशा पैसा रहेगा तो
या ऐसे में भी बैंक मुझे येड़ा बनायेगी
और मॉल में बहोत सारे लोग घूमते रहते है जो पूछते रहते ही है कि क्रेडिट कार्ड है क्या वो कौन होते है क्यु पूछते है उनसे बात करनी या नही वो भी बताओ
CC is best if u use it for emergency purpose.. like insurance and utility bills and kept soft cash separately to pay off liab in next month
Last point is 1000% true. And that's me, I'm spending more than I earn in a month 😏😭
Smart use ur card