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.
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
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.
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
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
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.
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.
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
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.
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
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.
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 🙏🙏
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
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.
@@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
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...
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.
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.
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!
4 роки тому+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
4 роки тому
@@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 '.
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!
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.
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.
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.
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.
@@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
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. 😂
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.
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.
I have been seeing so many recommendations about Nicole Vieiraon Instagram and telegram trending, her strategy must be good for people to talk about her
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.
@@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 ?
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 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....
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
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.
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.
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'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..
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.
I was using CRED app from past 2 years. Even now I pay credit card payments in multiple of 1000's (Max - 5) to get scratch card which in turn gains me additional Bonus some where above 25 INR. Using Credit card you got points and making payment via Cred gives your additional scratch cards / Points (Redeemable vouchers with myntra and many places)
I have 4 credit cards with me, I have used the points and vouchers to travel in business class and have secured multiple free tickets redeeming my points on HDFC card. I have never ever paid any late fees or interest on my cards.
I paid my last bill through CRED and strangely when I received my CC statement this month I found my last payment was reversed , ie basically this month's statement included last month's spending. There is a GST involved , pls explain its a percentage of what factor ?
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.
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.
suppose in shopping mall, u 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 ?
Thanks for video, Honestly, this does not build trust for credit cards, this video only highlights +ves & not the -ve side of it ,May be that your experience was good ,but I feel that for layman, It's risky .Companies just sale it for their profit & does not keep transparency.
As a financially wise person , CRED is been marketed . This concept was made for CRED and they would have sponsored . Dear Rachana , Don’t spoil your reputation by showing this as as a sponsored video very blatantly . Use some hidden strategies or make the paid version very light and unnoticeable !! Hope you take this feedback positively !!
By doing a sponsored video, no one loses their reputation. Infact, it's a proud moment when you realise there's someone to sponsor the video instead of earning just from Google Adsense. Using hidden strategies beat the purpose of "sponsored video". Hope you take this feedback positively! And hope you stop commenting like this on others' videos ;)
✔ 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. 💯
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 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
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
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.
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
ua-cam.com/video/BA-T8Tazl8U/v-deo.html
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.
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
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
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
மிகவும் பயனுள்ள காணொளி. கேளுங்கள். எளிய ஆங்கிலத்தில் நன்றி CA Rachana Phadke Ranade
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
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
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... 😁😁
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
ua-cam.com/video/BA-T8Tazl8U/v-deo.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.
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...!!!
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.
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.
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
ua-cam.com/video/BA-T8Tazl8U/v-deo.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
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 🙏🙏
Am i the only one here who is Jobless and watching this😂🤣
a student here....
😂😂same here
🤚
Best of luck buddy!
Even I am
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! 🙏🙏
@@Flashtiger1995 yes, you can.
But I feel this app is good for mutual funds, intraday trading charges are there
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
Have been using Cred from 2018 and a happy customer.
Undoubtedly purely sponsered by CRED.
Viewrs taken for granted !!!
so? you have a problem with that?
@ where is the criticism ? Read comment again carefully.
Figmentation !!!
@@issaaczala5125 "Viewers taken for granted"
Why would you say that ?
@@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.
I think this video indirectly direct promotion of CRED app.
Yes she has already mentioned when it start
Read the description.
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...
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've been using it since 2018. It's a fascinating application
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
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 '.
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!
CRED is rewarding you for making this video 😉👍
Knowledge+skills= Rachna Ranade
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
This is a smart promotion video of the Cred.
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.
Plz make a video about real side of brokerage charges of all trading platforms.
Exactly .
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.
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.
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.
😂😂
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.
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
I've been using Credit Card since 2018... It's been a great experience till now... And Now I got the extension of 20,000 more... 😎
I am using CRED since 2 yrs ,it is nice and get cashback everytime on payment of my credit card
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!
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. 😂
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
Credit worthy... Right description 🙂
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.
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 have been seeing so many recommendations about Nicole Vieiraon Instagram and telegram trending, her strategy must be good for people to talk about her
I did invest with her and I made huge profits
I saw the recommendation but I didn't bother chatting her up I keep loosing teally i still don't understand how the forex market works tho
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
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.
I love the Cred App. It provided me one lakh loan in less then 2 mins without any documents or call
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 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
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 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....
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
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.
10:10 Honestly tell us if you searched CRED or CRED searched you,
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 received credit card Amezon pay icici bank. whiteout income proof, life time free no joining fees, 80k limit 8k atm limit. My credit score is 818😁
Rachana kya hai yaar ...this was JUST a promotion for CRED...we honestly follow you..
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
Why to take loan, to own, a smartphone!!! Loved it😍🤣
Just search "recovery agents"on UA-cam 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 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..
Desire is the root cause of sorrow : one short advise for nwebies who are confused about owning a credit card or not
i am feeling confident on SBI cards due to this video
The benefits she told are othe ones provided by SBI card
HDFC gave a credit card when I was 19 with salary of 12,000😂😂
Is this possible?
If we are managing payments by third party application, means we sharing our personal data with them. How far this make sense?
You share nothing other than your credit card number what are you afraid of
This video might be a advertising for cred app.
@@pc.mohankumar1038 yes you absolutely right
Goverment only is selling data bro.
Please don't miss understand my comments, I am not criticising Mam, I am only talking about data privacy
I just got happy after seeing this video as this is how exactly I have been using credit card. Very well explained. 😊
I have a suggestion for you.... Start a foundation or company that focuses on teaching school kids about money ...
4:59 “I just had my dinner” but where you’re getting free food 😂😂
Kisi ko credit card lena h kya
😂😂😂
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.
What about Interests they charge and GST we pay every month...Credit cards have very high GST percentages
Is it 18%?
Applicable only when you pay penalty.
If clear outstanding monthwise,no worries
Lots of hidden charges r there also
Yes I am using cred which is so comfortable for me. Also gives reward as cash back..
I was using CRED app from past 2 years. Even now I pay credit card payments in multiple of 1000's (Max - 5) to get scratch card which in turn gains me additional Bonus some where above 25 INR. Using Credit card you got points and making payment via Cred gives your additional scratch cards / Points (Redeemable vouchers with myntra and many places)
Wat a sweet and simple vdo mam..thanx very much rachna mam...
@ Elizabeth....then why don't you built ur empire with that? 😂
"do you want to play cards with your credit cards" after this look at the reaction ...hahahaha 😂😂😂👌🤣 not able to stop laughing
I love the way you shared this lounge experience! So true and full of innocence.
Credit Card के फायदे और कैसे सही उपयोग करें
ua-cam.com/video/BA-T8Tazl8U/v-deo.html
Credit card mujhe Nahi Lena chaiye tha ... Faash Gaya hun abhi sirf 20,000 se aur lag jayegi MERI...😞😞😞
Koi aur tarikka hai mein bacch sakhta hun
I have 4 credit cards with me, I have used the points and vouchers to travel in business class and have secured multiple free tickets redeeming my points on HDFC card. I have never ever paid any late fees or interest on my cards.
I paid my last bill through CRED and strangely when I received my CC statement this month I found my last payment was reversed , ie basically this month's statement included last month's spending.
There is a GST involved , pls explain its a percentage of what factor ?
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 am using cred from past 1 years. Its very user friendly and you get equivalent to amount paid coins which can be redeemed.
Which one is good
A. Have a credit card of credit limit 1 lakh
B. Have 5 credit cards, each credit limit 20000 rs
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
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 🤨🥴
CRED is a superb app ma'am. I earned almost 10,000 by referring it to my colleague.
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 still don't get a reason to have a credit card..
I thought I was the only one
@@luffyy8194 😅
suppose
in shopping mall, u 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 ?
@@sonamdeshpande7281 but what if it say 5% off with cash...
@@sonamdeshpande7281 by the way most of the shops go for cash...
The happiness when you ate that food in the airport lounge :D
I got that Yummy Yummy yeah,...!!!! 😂
which card btw?
Thanks for video, Honestly, this does not build trust for credit cards, this video only highlights +ves & not the -ve side of it ,May be that your experience was good ,but I feel that for layman, It's risky .Companies just sale it for their profit & does not keep transparency.
It's a promotional video for Cred app
I am using cred since 1 year and it helps a lot
As a financially wise person , CRED is been marketed . This concept was made for CRED and they would have sponsored .
Dear Rachana ,
Don’t spoil your reputation by showing this as as a sponsored video very blatantly . Use some hidden strategies or make the paid version very light and unnoticeable !!
Hope you take this feedback positively !!
By doing a sponsored video, no one loses their reputation. Infact, it's a proud moment when you realise there's someone to sponsor the video instead of earning just from Google Adsense.
Using hidden strategies beat the purpose of "sponsored video".
Hope you take this feedback positively! And hope you stop commenting like this on others' videos ;)