CREDIT CARDS se PAISE AISE KAMATE HAIN! | Ankur Warikoo
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- čas přidán 22. 10. 2021
- Credit cards are a wonderful way to earn money, by doing nothing!
I personally make all my payments through credit cards, and make passive money on all of that!
However, in addition to that passive money, there is an additional way to make money through credit cards, that I want to introduce to you!
Just by using this method, I make a little more than half a lac rupees per year.
Free money.
Just by doing nothing!
Who would want to say no to that?
I won’t!
And if you won’t like to say no either, let’s explore how you can do that, using Uni cards.
You can know more about Uni Cards here: unicards.onelink.me/KRuW/e6da...
This lifetime-free PayLater card allows you to split every bill into 3 equal parts over 3 months for 0 extra costs. You can pay over 3 months or in 1 - it’s all up to you. And, if you pay everything in 1 month, you earn a flat 1% cashback. Serviceable in 39 cities across India and expanding!
To understand how I make money through credit cards, here is my video: • CREDIT CARDS use karne...
To understand how credit cards make you eligible to take a loan, here is my video on increasing your CIBIL score: • Credit/CIBIL Score exp...
#warikoo #creditcards #getrich
Click here to subscribe to my CZcams channel: shorturl.at/bizNX
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Ankur Warikoo is an entrepreneur, an angel investor, a mentor and an active public speaker.
For the past 4 years, Warikoo has been actively sharing content on CZcams, LinkedIn, Instagram, Facebook and Twitter amassing a following of 3 Million+ people.
He posts 3 Hindi and English videos every week on his CZcams channel, where he talks about entrepreneurship, how to grow in life, personal finance and failure.
Warikoo started his entrepreneurial journey in 2008. His most recent startup is nearbuy.com where he was the founder and CEO from 2015 until 2019.
Prior to that, Ankur started Groupon’s India business in 2011 and acted as the Country CEO from 2011-15, and Head of Groupon APAC from 2013-15.
An alumnus of the Indian School of Business, Ankur is an active Angel investor and mentor to several startups.
Ankur has been part of Fortune Magazine’s 40 under 40 List for India, LinkedIn India’s PowerProfiles List, LinkedIn India’s Spotlight List and India’s Top Executives under 40 list.
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My bestselling books:
‘GET EPIC SHIT DONE’: ankurwarikoo.com/getepicshitdone
‘Do Epic Shit’: ankurwarikoo.com/doepicshit
My gear for shooting this video:
🎥 Sony a7III camera: bit.ly/3M42wAV
🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0
🎙️ Shure SM7B Microphone: bit.ly/3O1NAVA
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💡 Key Light 150W: bit.ly/3O9nyjs
📽️ Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1
Useful links:
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20 online courses for your 20s: bit.ly/WarikooOnlineCourses
Gadgets that I use: bit.ly/WarikooGadgets
The above links are on Amazon.
If you buy any of these using the above links, I stand to make affiliate income from it. 100% of this income is contributed towards the education of kids who cannot afford it. In 2021 we contributed 38L and in 2022 we contributed 53L.
Let’s connect online:
🎙️ My weekly podcast Woice with warikoo (Spotify): open.spotify.com/show/1g7wpoq...
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📱 Instagram: / ankurwarikoo
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😄 Facebook: / awarikoo
🖋️ Daily Blog: ankurwarikoo.com/blog/
You can know more about Uni Cards here: bit.ly/UniWarikoo
This lifetime-free PayLater card allows you to split every bill into 3 equal parts over 3 months for 0 extra costs. You can pay over 3 months or in 1 - it’s all up to you. And, if you pay everything in 1 month, you earn a flat 1% cashback. Serviceable in 39 cities across India and expanding!
Slice also gives the same facilities as well
In the whole video I mostly like the khaby lame gesture 😁😆😜!
Annual fees kitni h sir es card ki???
slice or uni card pee videos bnao sir
This video makes me think you actually are not concerned about benefit of your viewers but rather just milking them. A lot of issues with such cards not covered and i am pretty sure even you won’t use this card ever. You definitely have way better cards and that are actually credit cards.
Same features are being given by Slice Card, aur slice mein 3 lakh kharch karne pe 2% cashback hai! Ab Nitin ko aur bura lagega😂😂😂
Slice card ko kaisa milaga. Kitna paisa lagega. Koi link bhejo.
Bhai aap slice kab se use kar rahe ho or kar rahe ho to kya aapki limit badi hai slice ki
@@shivachakraborty8878 bhai me send kro?
U will get 2% cash back on all transactions in axis bank ACE credit card
Its good
@@mohammadsohail803 han starting mein 25k thi 3 mahine bad 45k ho gayi
Finally The Sponsored Videos are back... I was starting to get worried...
Lolol
why
Back?🤔 anytime did he stopped making sponsored video 😑
Soch rha hu main bhi chit fund/mlm scheme khol leta hu inse ek video sponsor krk bnwa dunga... fir paisa hi paisa hoga 😂
So true i stopped putting full trust in him. He is becoming salesman day by day
There's nothing wrong in that he is here to make money but he didn't say anything which is factually incorrect and he spend less than 30% of time talking about the product.......
I am not here to bring anyone down but just check out CA rachna ranade's video on the same card and you will see the difference....
So proud of you getting through those harsh times and not forgetting that.
Great going sir.
I'm really sad now because, you are such a great person who is teaching so many valuable things but I'm just a teen now, and when I'll be an adult there won't be anyone to guide me through the difficulties of life. But even then I'm grateful for all the valuable information that I'm currently learning. Thank you for that. 🙏
Wow...I never have seen , someone promoting a brand with it's flaws... amazing....very honest person. Thanks a lot sir.
I’m a 26 year old guy who started investing after looking at the content that you posted.
Thanks a lot, Ankur.
You are truthful, genuine. Love your presentation. All the best.
Remember yo hve to waste 3lakh to earn 6%+1% cashback😅
Nice promotion material. One thing we are forgetting in all of this is that this kind of credit card activity increases your spending habits and at the end of the day you would be saving less than before, and it's this savings which is going to make you rich and not spending unnecessarily in the hope of getting a tiny cashback.
U mistanken it it's ur daily expenses not unneseccory expenses
He clearly warned about that
If you don't use credit card then you are right, but if you are using it then 1% cashback is good.
If you cannot control your senses don't ever think of be an investor.
Credit card companies come to make changes in your expenses but they are not forcing you, it's you who buy things knowing the credit card trap.
Use things wisely and get rewarded rather criticise the marketing fashion
nah. saving doesnt make you rich. Its an illusion.
@@aertist5542 explain how
This is not credit card , This is personal loan(a credit line) , take decision wisely.....and with this card u wont be getting offers (ex. 10% instant discount etc .) on big platforms like amazon,flipkart etc
You get offer with all this staff in slice card
@@tapashnath2287 . Where do v get slice card??
@@tapashnath2287 never saw slice card giving you offers on Flipkart or Amazon.
The credit cards offers on Flipkart and Amazon are always from mainstream Banks like Icici or HDFC or SBI.
Uni app ask for all the phone permission, like phone contacts, Google contacts, gallery photos, device location and it can also read my all the messages, in case any one fails to make payment then Uni pays collection team will dial all your contacts and will tell them that please ask him/her to make payment, it is a kind of humiliation. Don't use credit line. Always use bank credit cards.
I have used UNI card recently in swiggy for highest discount of 150 off for my order of 600
Well done mate for fraternal advice by sharing your own family experience. Keep up the good job. Wish you great success.
I too do as you said. I have three credit cards and the total spend comes to approx.40000/-vper month. I pay full amount on time in all the cases, which has made my credit rating at 850.
Me watching this whole video already with my excel sheet open! 😅😇😇
😂😂😂😂 smart move .
I had actually calculated my credit’s annual interest. It was 52% pa. Shocking!!!
Hi Ankur! Subscribed! I appreciate your knowledge, simplicity, friendliness and genuiness. Learnt something new. Thanks.
The way u r explaining things is truly Amazing...
You are not a financial friend sir
You are my financial advisor 🙏🙏💯✅
*POOR MINDSET IMMEDIATELY SEES A SURPLUS AS AN OPPORTUNITY FOR CONSUMPTION RICH MINDSET SEEKS TO SPEND THEIR TIME RESOURCES,AND ENERGY ON WORK THAT CONTINUES TO PAY OFF LONG AFTER THE EFFORT HAS BEEN INVESTED*
Despite the economic crisis,this is a Still a good time to invest in stock and Crypto,
The rich spend less and invest more
Investing in these economic crisis will be one of the best thing to do,
You're right I think stock and Crypto are the best to invest right now☺️
As stock's are good but crypto is better
LOVE THE WAY YOU EXPLAIN... AAP AS A TEACHER MIL JATE TO LIFE BAN JATI...THANKS.
Hatsoff Ankur....showed your experience in credit card..I can see the pain...while you speak...
Hey Ankur,
Just wanted to congratulate you on reaching 1 M subscribers!
I had already heard a lot about you from some members of Josh and some other fellows too and whatever they have told me about you is truly remarkable.
I wish you a lot of luck for future endeavours and may your love for excel and hate for fixed deposits,continue till the end of Kalyug 🙏👍
App yaha ve bhai ay gya 😂😂😂 love from Mars
Thanks so much Abhishek
Love and hate line is amazing 🤣🤣🤣
Two legend on a same chat ❤️
Collaboration to banta hai sir
One interview with warikoo
@@warikoo ❤️💕💕💕
Omg.. 😂😂😂😂😂😂 that kabelame move u did was so unexpected.. jaise hi aapne wo move kara main to bilkul ho rakchas ki tarah hass pada.. 😂😂😂😂
Ooooooo boys😂🤣😅
*Khaby Lame
Pagal hai kya
@@aditya.sharma thanks abhi samjah me aagaya😂
I have been using credit card wisely since 15 years and I have earned extra free money + points. Good to see someone great aligning with your methods of money management
Bohot Bohot shukariya sr aapka ...alert karne ke liye ...Very very Thanks
With due respect sir, there's one thing I would like to clear here.
Having a credit of >30% of your credit limit actually decreases your credit score.
Also regulations don't allow you to invest using credits 🥴
@@saiprashanth6744 his strategy is, you use your salary to invest and spend using credit card, since you get 3 months cost free to pay back your original amount based on type of investment will give returns for free.
I won't really be needing a loan, so credit score is kinda useless for me :/
@@saiprashanth6744 top-up your paytm wallet using credit card then transfer funds wallet to bank.
@@harvindersingh4465 But paying convenience fee or commission is not so exciting.
Man! You are making personal finance exciting and fun. Before knowing about this channel I used to waste free-time in watching web-series and standup but now after going through some of the videos of this channel I am using that free time to watch your content. You are fucking genius, please never stop this great work of financial awareness.
U can make some money using credit cards and actually pay for subscriptions of OTT and continue the web series 😅
The way you teach is really brilliant
Amazing video! If you don't find a means of multiplying your money, you will wake up one day to realise that the money you thought you have has finished. Investment is key..
I strongly agree with you mate. Investment is the key to sustaining our financial longevity, and not just any investment but an investment with guaranteed return.
To earn more you are required to have a multiple diversified stream of income, which is why investment is an avenue of making more money once it's profitable.
Crypto currency is one strong means people are raising their financial status now, so when you think investment I recommend you make it an option.
Crypto investment requires good experience and knowledge to carry out good and successful trade. because I have actually lost a lot trying to trade all by myself.
It's professionally recommended to trade your coins with experience brokers, who can help grow your coins while assisting you learn the trade.
Great ... thanks for sharing this @Ankur I'm equally excited as you are and I have applied for the card 😊🙏
Ankur sir,
I was hoping and waiting for you to make this video :)
While the concept is nice, to be able to have a 3 months, no cost EMI card, Uni still has quite a long way to go.
The 1% cashback, while sounds nice in terms of actual cash being reduced from the bill, if it is considered to be a reward rate, is actually less than the ones offered by other major card companies. The biggest plus point for this card, as of today, is that fuel surcharge is waived off, irrespective of the vendor, hence, there it shines. No surcharge plus the 1% off, otherwise, there is still a huge scope of improvement. This card is best for people who want to build up a credit score or are quite new to the credit card game.
Your videos are informative and honest. Thank you :)
Regards.
Hey, I love the way you explain things. 😁😁I am supercharged. Thanks Man
Wonderful. Very useful and important tips. Thank you
🌟 Remember, Credit Cards are most rewarding when you are Financially Responsible 🌟
First of all it's difficult to get 6% from any liquid fund. At most 3.30% anyone can get. AMC or any broker app generally show the statistics in such a way that people think they will get 6-7% return. That number CAGR value for 3 year duration.
Next, as per RBI guidelines you can withdraw 90% of the total investment or 50000(whichever is minimum). So make sure to withdraw the required amount on time, and don't miss out bill payment due to lack to total amount.
Correct.... Also I don't think any mutual fund platform allows you to pay using credit card
Good one man !
I had to go through similar experience in my early twenties, but its never too late to learn :)
Thanks for the video :)
I love this person. Very nicely explained.
*Ankur gaining trust and respect of his audience by making genuine videos.
Ankur now makes a shitty sponsored video: IT"S TIME TIME TO DETSROY MY REPUATTION
!!
1% cashback kabtak denge, baad me to lutenge hi. Not expected this from ankur. Not mentioning annual fees n hidden charges
Seriously ...
The vidoe title should be how I made 10-15lakhs by making a paid video 😂
So true i stopped putting full trust in him. He is becoming salesman day by day
@@harshitjain7660 😁😁😁
@Wàrłkoo Ae tu ja reey
Loved this video ❤️ haven't seen such an authentic self person, much respect to you Sir🙌
One thing I would like to share which my Dad experienced.
He didn't even use that credit card once still he had to pay 8k bill. It was due to annual charges, and its recurring fine for non payment of the same. SMS service was not enabled and autopayment was also disabled so we didn't had any clue what was going on.
Thank you for letting me know this. ❤️
Flipkart Axis Card has 1.5% cashback for every transaction. So the extra money that you make from liquid funds can be directly earned from cashbacks. Also for many other merchants, they have higher cashbacks. Just an FYI. It used to be free in between, but now they charge yearly fees and it does not have the option of splitting the payments into 3. Really enjoy your videos.
I can’t stop thinking about the irony and insanity of Elon Musk becoming the richest person in the world why they individual who has spent $20billon.
Prince of Brunei’s spent it all maybe he would have been among the rich if he invested his money
No amount of money can certify Elon Musk. I’ll say he needed more that’s why he is investing on Bitcoins. Investing over 1.5 billion dollars.
I wanted to trade cypto but got confused with the fluctuations of price
Her success stories are everywhere …she has really made a good name for herself.
@Rebecca flores You are on the right track
I am reading that these 1/3 and 1/2 pay cards are now suspended !
Mr Warikoo ..you are a blessing in disguise for all the youth and millennials, interpretation and explanation is simplistic and easy to understand..keep up the good work..Thanks
Hi Ankur. The CC bills also carry GST with them. Is that not adding to overall costs slightly?
INVESTING MAKE UP THE TOP-NOTCH
HEMISPHERE OF WEALTH, THAT IS MORE
REASON ONE SHOULD SAVE AND INVEST
TO SECURE MORE PROFIT AND ENSURE
SUCCESS
now am making benefits from it...
Mr Albert has changed my financial status
for the best all thanks to my aunty who
introduced him to me.
Who's this professional everyone is talking
about I always see him post on top
comment on every CZcams video
watched
I think I'm interested how can I get in touch
with Mr Albert Renshu
I think I'm interested how can I get in touch
with Mr Albert Renshu
I almost burned my account trying to use complicated scalping strategies. with this one I am halfway in regaining my lost capital. can this strategy be used in direct execution order or only in buy/sell stops? I need advise. thanks.
learn to get the full knowledge first before investing or get an expert to handle it for you
There will always be market fluctuations, you just have to be prepared for it.
I'm not good doing it alone but getting into the market has been my best decision so far in my road to financial independence as it turns out lucrative for me.
Exactly.....nice words. I agree with you
My utmost goal is $3million and a few passive income sources for sustainability.
Big thank you, how you are explain mind blowing and I love it.
If you have a good track record of paying back your CC bill. Then, you can talk to your bank and raise your credit limit. You should also bargain hard to remove annual fees. Keep your expenses low even with high credit limit. This will benefit your CIBIL score as your Usage% will get lower.
Sir very brave of you to share such personal traumatising experience of credit cards with your parents
Thanks a lot sir it is honour to listen to you
Thank you so much sir you are really good. Thanks for giving this information 😍
I'd seen some other CZcamsrs promoting this card too, but the most reassuring part about this video was that you actually personally know the founder of this company. This assures me of its credibility in a way which no other video can. Thanks.
I will love to introduce, ☝️☝️☝️you to a life changing investment...
Abe paid promotion hee hai😂
Starting early is the best way of getting ahead to build wealth, investing remains a priority. I learnt from my last year's experience, i am able to build a suitable life because I invested early ahead this time. 3 40
I urge everyone to start somewhere now no
matter how smal, this is literally the time
for that, forget material things, don't get tempted,i became more better the moment i realized this.
you're right, but any Investment without a proper guidance and experience is suicidal
@@oliviaryan5277 Profitable Investment one can do convenantly at this moment are
@@oliviaryan5277 :Estate :Share Stocks market
Forex trading is really profitable, investing in it now will be the wisest thing to do especially with the current rise in bitcoin
Mr Ankoor explained nicely major benefits of CRED. It's help all people of society
I just love this guy. He is like me. I made a lot lot of money from my credit cards. You just need to play it well. Through these points I travelled US n Canada for free. And through lounge access, I ate n drank for free at the international airport lounges. I just love it. But if you don’t have money then one should not use these credit cards.
Ankur thanks for listening to the community .. A key point you missed while considering the cash back amount is you don’t get any reward points unlike a regular credit card . Actual comparison of cost benefit should include the rewards points on a normal credit card vs pay later cards . Another key point although it has no disadvantages is in your credit score this card will reflect as a loan and not as a credit card expense
A loan also improves your credit score
You are correct. Icici amazonpay and flipkart axis card are better cards.
He says, his expenses for a month amts to ₹3,00,000 approx..
Tht wd be ₹36 Lakhs Expenditure P.A. Who is so rich like him..
And if he is so rich, why would he care for even ₹1000 or ₹3000 cashback..
@@bricedmello5592 Yeah that's a good point
@@bricedmello5592 Rich becomes richer by saving more. Saving is earning.
Hey, could you get this cleared from Nitin, I've heard that UNI Card is actually a Credit Line from a NBFC they've tied up with, soo basically a unsecured personal loan, which I've heard is a disaster for your credit score?? 😅
Slice is more better than this.
This is a sponsored video... believing everything in it is credit risk..
Very true
That a very importing thing to know and consider before using this card.... But what is we are using this card and paying the whole month bill on the 1st due date.... That way isn't it similar to any other card usage and also we are getting 1% discount on the total bill amount for the month
your credit score will be impacted in any card if you miss your due date not just this one. so pay bills on time
Wwaahhhhhh sir, the way you engaged us in the video.. it was amazing...
informative video was also humourous. 😄😄😃😃😃
As someone who works in finance, discovering this low risk arbitrage just blows my mind. Good job mate :)
Hello Sir, appreciate your videos and knowledge. Quick question: How is Uni card different from RBL Bajaj Credit card?
I have faced the same situation when my father got stuck in credit card web. He took the loan for his friend but his friend ran away and all came to my father. Bank persons used to come to our home, it was really a embarassement but now everything is changed.
I can understand Ankur sir feeling that how it feels when somebody come to your home, say whatever they want in loud voice and everybody watches u getting insulted and they laugh at u.
💖💖💖💖💖
Bura na maano bhai tumhare papa buddhu h or may be the.😂😂
Excellent idea.. . Thank you Sir 👍
Very genuine guy. Great advice about the credit card. It really is a trap if you are not careful. I had also fallen into that trap when I was a college student, I use to convert my monthly transactions into emi payments, which usually charged 18 percent per annum. My father had to intervene and pull me out of that trap. An advice to everyone reading this comment, please use credit card wisely. Its a very lucrative trap.
Hi Ankur, why do you discourage car loan? Any alternative you'd suggest? Thanks.
SIR, you are doing great things in a great way, I love ❤️ Your Presentation style 💜. Mind-blowing, super simple and creative.
I salute You Sir 💜❤️
He is selling you a crap service! You're a nube.
He have good acting skills better than the movie artist
🤣😂🤣😂 Great information and such fun way of giving that info. Showmanship is outstanding 👏 👌
Hi Ankur, Thank you so much for this information. I have a question , you said this money is pre tax then where in the declaration should I show this money for tax?
Hi Ankur! You haven't considered the 2-3% charge when you move money from CC to Bank Account. Also there is no direct way to put in Zerodha or other wallets from CC as it's not allowed by regulations. Please consider that as well.
Thank you for being very genuine in creating awareness among us about finance.
@Warikoo +①③⓪④②⓪②③⑤③③ I lost respect to some extent after reading title about this video and watching it.
Matlab sir kuch bhi??
Thank you sir for giving innovative ideas
The uni cards plans for 1/2 and 1/3 payments has now been discontinued due to some RBI regulations. Maybe that needs to be put into perspective of the watchers here. Great work none the less.
Amazing as always
.
This was true earlier Ankur, nowadays the Liquid MFs ir overnight funds give somewhere around 3 to 4%
That's because the bond yields have gone down. They will go up again soon.
@@BarkaDog Exactly...
And also we can't transfer funds in free from credit card to mutual fund account there are charges around 2 to 3 percent which makes it more costly to do it
Does a 3% return on liquid MFs are consistent on monthly basis?
@@gouravmittal2647
he didn't mentioned that transfer funds from CC to MF
he said if you have that money !
means either in bank or cash etc
3.01 this is my condition now, bank gave credit card 2 year back to my father and now we are in dept trap.
Mast add kiya re baaba, UNI card ka ;-)
Just a correction Ankur, banks hiked their credit card interest rates upto 52% p.a since the second wave of COVID wave hit India.
Wow. Didn’t realize that!
@@warikooHi
1 point is missing.
How we get money from uni card.
Type of transaction?
Do we buy things in every month?
yup
Thanks for creating this helpful content. However there are better options in terms of cards (such as Axis Ace which has a 2% CB rate). Another good option is using NPS Tier 2 which allows investment through credit cards.
Thanks dea. Whr can v get these axis ace cards. I mean how to oersonally apply for them..
How we can use credit card for buy mutual funds
@@sagarshimpi7578 Not allowed. Only actual money that you have is allowed to be invested in MFs.
this video is for making money without any risk instead of investing
Credit card to bank transfer 2% mein waise bhi ho jata hai....any amount
Thank you sir !! 🙏🙏🙏🙏
You are really story teller and tell the thing sweet. But it is roller coaster guys it is trap
Hi Sir, I really admire your views on financial instruments and how you generalize things for your viewers. I recently heard about Fi money debit card, can you review that and make a video, in your style. That would be really helpful.
Lot of scope to play excel...excel ... here... 😉
I hv . Not fruitful that much
Uni & slice cards apke CIBIL per 2 credit line open kadte hain jo 2 loan lene ki barabar hota hain.. card wase accha hain likin aap nehi cahenge ki be matlab aapke CIBIL par load add ho.. I personally don't recommend this cards...
Is there any annual fee ?
@@pallabbiswas2726 no sir
CIBIL hota hai...
I use it.. yes if you do not require..donot use it.. it comes in your cibil
@Pritam Das If i pay my credit in one go, will it still be effecting my cibil score?
Thanks for sharing, your tips are amazing
This video made me subscribe your channel....Guru tussi cha gaye! Too good
Ankur Sir, thankyou so much for sharing with us the tricks of the trade. One point that I wanted to add is that uni is not doing anything new by giving 1%, all cards do that in form of reward points. I come here for unbiased advice. I think you're acting so amazed by this cashback scheme only to help out your friend and promote uni. Promoting and helping is fine but people really trust you and you've built a really strong fan following. Don't ruin it.
han infact isse achcha slice hai which gives you upto 2% on spends after 5 lakh spends (starts with 1 % and goes till 2%) , however credit card ka bill kiska har mahine 3 lakh hoga lol.
Those expressions, passion for the explanation with the love of Excel sheets ❤️❤️❤️ Ankur Warikoo : The Financial Guru of India 🏆
ZDNZ9047
I impressed
Thank you for your smart ideas
My credit card was upgraded by Standard Charted bank and they did not close my old card, it has been more than 10 months and now I realised that.
They have posted charges on the closed card which they are showing as default so what can I do
You are my Investment Big brother! You make things appear so simpler by the way you explain! You have lot of positive energy brother!
Thank you! For sharing such a valuable information sir 🤗♥️ would surely implement it.
One of the greatest tip I would like to give to people, which i do it for myself since i started using credit card- I have opened a separate bank account for keeping my credit card expenses, so whenever i purchase something/ pay bills through it, i move that amount into that bank account instantly, so at the end of the day my picture is clear with the funds i have available for running my month. Trust me, you guyz would never fall in trap.
What if you move weekly expenses to liquid fund?
👍👍👍
Good plan, but instead of moving to another SB a/c, if it is moved to a liquid fund, may be returns might be more.
Definitely one can move it to a liquid fund, but it should not be done without the proper knowledge of investment.
Thanks for this lovely video👍❤
Thanks for sharing this info.
Hi Ankur sir
If we use 100% of our credit limit then it will affect credit utilisation factor
So without affecting credit utilisation factor we have to pay before the due date atleast 70% of limit, means we have only 29 days to count interest
Not 45 days
Hii
Yes, we should only use 30% of the credit limit.
@@rajvir9778 exactly! Never go beyond 30% limit. In my case, I reduced the spend limit to 30% in the ICICI app.
Nice informative video sir . But what about these cards (slice/uni) being a credit line instead of credit cards . I have heard they impact your credit scores in a bad way . What's your take on this ?
Warikoo sir ... Wanna be like you ... Loved all the videos of yours ❣️
i fully agree with Mr Warikoo as i was once fooled by this double intrest trap by credit card when I had used minimium amount.
Hey Ankur there big catch that you probably missed?
Their website mentions: "Choose to pay in full, POST the 30 days free credit period & enjoy 1% rewards in the form of cashback."
So one would be eligible for cashback if he pays after credit free period, so that attracts 3-3.5% / month interest. So effectively you will loose 2-2.5%.
You please need to update your video as soon as possible.
I think that comes under the part if one goes for the minimum due/ emi option, not sure about this but just my thought..
Nope! You're confused. All credit cards have a billing cycle of 30 days. Then you get 20 days time to pay off the bill. Which means 50 days interest free credit period. If you pay in full after 30 days and before 50 days, no charges at all. If only you don't pay the full due amount after the 50 days' time, you're charged interest. But, Uni card allows us to pay 1/3 of the bill amount instead of the entire bill at zero interest!
Nopes.
Uni card's aren't credit cards though, right? I heard other youtubers talk about them as a personal credit line, not a card that adds to a credit score. Because then no matter how much cash back I get, not having credit card points (to convert to flight miles, add to credit score, etc) may not be the ideal way ahead?. Could you confirm?
@@souravas Yup. That's my thought as well. Don't know why this is clubbed into a credit card video then :P
You're right. It's a credit line in the eyes of rating agencies and not a credit card. Makes a lot of difference, clearly the video is sponsored since Liquid MF assumptions are also biased to support the claim. So don't get into this if you already have a credit card.
@@souravas are the Flipkart and Amazon credit cards free?
@@souravas Indeed Axis Flipkart card is far more rewarding than UNI. The only thing which guess is with other credit cards too that for EMI conversion it starts with 6 months and not 3 if you convert it later after spending the amount.
Uni card is not credit card. It is credit line Or you can say PayLater just like Paytm, Ola, Flipkart, etc. But it works similar as Credit Card.
Isse accha Credit Card lelo
Hi Ankur!
Thanks for the detailed explanation. However, when I tried to signup for the card, it showed me that it'll a few days to process my application as the partners systems are under maintenance. I just feel there could've been a better time for Uni to have rolled out a video with you.