Telegram channel 👉🏼telegram.me/AceinkOfficial Instagram : bit.ly/37INSwA ----------- Open your Demat Account here and get FREE Benefits: ✔️Zerodha 👉🏼 bit.ly/3hzUiEs ✔️️Angel Broking 👉🏼 bit.ly/2Rs7Jf3 ✔️UPSTOX 👉🏼 bit.ly/3uZIcc3 ----------- **Reference Smallcase Monopoly Stocks : link.smallcase.com/HnNJtZuGzvb Renewable Energy Stocks : link.smallcase.com/mUnNwUwGzvb Auto Stocks : link.smallcase.com/kmQaTGyGzvb Super Wealth Stocks : link.smallcase.com/nWTiW1AGzvb Long Term IT Stocks : link.smallcase.com/ypWM3LCGzvb Ultra Long Term Stocks : link.smallcase.com/zGCtRsEGzvb ------------- Contact:- (business queries only) aceinkbusiness@gmail.com
*Every single credit card users started with this SMART idea of saving money* ... But got trapped by their credit card habit... its like giving free drugs initially & gambling... People get addicted. All it takes is just 1 wrong purchase... That OLED TV or that Bigger Refrigerator or Bigger washing machine... can land you in debt. People tend to forget where the Lakshman Rekha or limit of their purse is.
I have 2 standard charted 2 amex 1 HSBC 1 Sbi 1 Hdfc credit cards . I've been using since the past 12 years .. Never once have I ever missed to pay my bill on time . I know my capacity and never over spent
Truly said. Disciplined usage of CC will not harm us. Remember the bill cycle and make use of interest free period wisely. Spending after bill date will give enough time to rotate the expenditure and earnings.
one point is missing here. if one utilizes a credit card planned then it will increase Credit ratings which ultimately will help You secure bank loans at lower interest rates. A credit score above 750 is highly sought after to give loans as bank will know You are a financially responsible person through a credit card score.
This is another trap with the idea came from western countries. The credit score was given a very high weightage to Credit Card payments, and literally nothing to your savings account balance. If you don't use credit card, then your credit score will only be average and it will encourage you to get one. Do you see how your FD, Investments, and Savings avg balance are given any weightage? If I have give a loan to a person I would first check his assets (FD, Investments, bank balance) .
@@kirraak123 unfortunetly that's not how score works. One can always close FD, sell assets, Sell Stocks anytime. or You can always stop buying shares, not open a FD or buy assets. Credit scores show how one is financially disciplined. How he is managing his bank balance or making his payments on time etc. PS. Credit Card is two edge sword. It can defend or cut one's entire hand depending upon uses.
@@Jius86 Same goes for ones discipline as well. One can get into into debt later causing to lose control over his discipline - with factors other than CC. The only way to ensure your credit is safe is taking the borrowers assets as a guarantee. Banks will be profitabe by the level of interest it has credited to, whats the better interest than a CC? IMO, its all a colluding between those large parties. Though the bottom line: We should have a credit card and maintain it well for this score purposem due to the weightage a CC is given there.
I have 3 credit cards, my rule of thumb is to keep the amount of money I spend on my CCs in my bank account even before I spend it. Benefits? I have funds at month end for any contingencies, I have financial discipline, I get reward points on my CC spending, In case I have business travel, it helps me cover for the reimbursement delay Also, 2 of my CC are lifetime free and I don't use them (have given 1 to my mother so she learns to use it) and planning to close my 3rd one :)
IF you are going to close one then it better be the one where you've to pay an annual fee. Also, it is prudent to keep the oldest card "alive" as it helps with your credit score.
Accidentally watched one video of yours. Believe me it became addiction and I continue for morethan 3 hrs by going to channel videos. What a analysis and output video. Great work and efforts. I really and hearty appreciation to you and your team.
1. Always try to get a LTF (life time free ) credit card. (I.e. no joining or maintain fee)Without any conditions. 2. Check the cash back scheme before getting a credit card. 2. Cash back point should be redeemed as money. 1 point = ₹1 Or 10 point = ₹3 like this. 3. Never miss the due date. 4. Always pay the full amount. 5. Do not take any offers like smart EMI (if not needed badly). 6. Whatever you spend on credit card immediately try to transfer the same amount from your salary account to some other account (account used for paying the bill) so that you don’t get the illusion of having more money than your salary. 7. ALWYS REDEEM THE CASH BACK POINT BEFORE THEY LAPSED
Also CRED gives cashback for each bill paid >₹1000 and for 3 days. So when we pay the bill in splits and that too prior to the deadline - we can even earn 30-50₹ per card every month...
@@nwh-makeyousmile5396 Lifetime free cards cannot be charged for annual or joining fees at any moment. If a card is delivered or activated as a lifetime free cards - the banks cannot charge annual fees on it at any point of the time. Normal cards which have annual fees already can be modified with their fee structure anytime with a reason announced by banks to the RBI. In case a spend commitment is active on cards, it may also be increased anytime by the banks.
If a newbie puts his money is Stock Market and then he will loose it all, but that doesn't make the platform bad or evil. Same like it, Credit cards will be extremely good only if you know how to use it wisely. I got my credit card from my first job and within 2 months my credit score was 820+ and it is in that shape till now, i dont get in dept trap, apart from loan, just using the card to pay the bills that you are gonna pay anyhow via cash or debit and just pay it in one time within due date
I have been using credit card for 13 yrs. I have never paid late payment fine/fees and I always paid total outstanding due. Don't know why & how people fall in debt trap. Also I have been using single card for these 13 yrs.
I feel that credit cards aren't that great and they definitely make you spend more. Even if not a lot but still around 10% extra then what you would have paid with cash/debit card. On an average Credit cards give discount of 3-5%. On an average if you spend 1L on credit card then final payment after discount would be ~95k. Where as in case of debit card, you would spent 10% less than in the case of credit card hence around 90k. Therefore you see that buying credit cards barely give you any benefit. This is just a small advantage. Other things would include no credit card bill issue, no overspending and many other things
Pehle main bahut khush rahta tha phir ek din ek bank ke Branch Manager dost ki nazar meri khushiyon ko lagi apne target ke chakkar mein mera Credit card bana diya . Thori si khusi bachi thi us dusre bank ke manager ki nazar lagi uske baad 3 saal ho gaye hain trap se nikalne ki kosis kar raha hun. Ummid hain March 2023 tak….
1. Phela kaam Karna hai ke card ko sizzor se cut Karke 2 tukde me Kar do. 2. Next sabhi subscription band Kar do Netflix se leke cable TV tak. 3. Theater me movies dhekna band Kar do. 4. Bahar Khana band Kar do. 5. Tea aur coffee Pina chod do. Agar Nahi chod sake to ek... sabare me bas. 6. Daru tho bilkul hi Nahi... Agar dost bularahe ho toh dost ko chod do. Dhekte hi dekhte Credit card bill bar Jayega. 7. Fir Credit card account close karna hai Nahi thi who card Ghar par bejtehi rahega. Woh bohut mana Karenge.. tho account hi close kar dena.
Sir please make this video in Hindi. Many common people including my father fell for this scam. This will be helpful for lot of people if it is in Hindi
Telegram channel 👉🏼telegram.me/AceinkOfficial
Instagram : bit.ly/37INSwA
-----------
Open your Demat Account here and get FREE Benefits:
✔️Zerodha 👉🏼 bit.ly/3hzUiEs
✔️️Angel Broking 👉🏼 bit.ly/2Rs7Jf3
✔️UPSTOX 👉🏼 bit.ly/3uZIcc3
-----------
**Reference Smallcase
Monopoly Stocks : link.smallcase.com/HnNJtZuGzvb
Renewable Energy Stocks : link.smallcase.com/mUnNwUwGzvb
Auto Stocks : link.smallcase.com/kmQaTGyGzvb
Super Wealth Stocks : link.smallcase.com/nWTiW1AGzvb
Long Term IT Stocks : link.smallcase.com/ypWM3LCGzvb
Ultra Long Term Stocks : link.smallcase.com/zGCtRsEGzvb
-------------
Contact:- (business queries only)
aceinkbusiness@gmail.com
*Every single credit card users started with this SMART idea of saving money* ... But got trapped by their credit card habit... its like giving free drugs initially & gambling... People get addicted.
All it takes is just 1 wrong purchase... That OLED TV or that Bigger Refrigerator or Bigger washing machine... can land you in debt.
People tend to forget where the Lakshman Rekha or limit of their purse is.
I am in my 2nd month of using a CC.
I will always keep this thing in my mind..and make sure to use it wisely
Thank you 👍🏼
I have 2 standard charted 2 amex 1 HSBC 1 Sbi 1 Hdfc credit cards . I've been using since the past 12 years ..
Never once have I ever missed to pay my bill on time .
I know my capacity and never over spent
Truly said. Disciplined usage of CC will not harm us. Remember the bill cycle and make use of interest free period wisely. Spending after bill date will give enough time to rotate the expenditure and earnings.
Never take credit card from Standard chartered bank. They are cheaters.
Thanks for watching ❣️
Hit me directly for more profitable insight 📩...
Noted
How did they cheat you?
@@ketandaga1635 it is a big story. They cheated me Rs. 88000 15 years back.
Credit card is for cheating only
one point is missing here. if one utilizes a credit card planned then it will increase Credit ratings which ultimately will help You secure bank loans at lower interest rates. A credit score above 750 is highly sought after to give loans as bank will know You are a financially responsible person through a credit card score.
This is another trap with the idea came from western countries. The credit score was given a very high weightage to Credit Card payments, and literally nothing to your savings account balance. If you don't use credit card, then your credit score will only be average and it will encourage you to get one. Do you see how your FD, Investments, and Savings avg balance are given any weightage? If I have give a loan to a person I would first check his assets (FD, Investments, bank balance) .
@@kirraak123 unfortunetly that's not how score works. One can always close FD, sell assets, Sell Stocks anytime. or You can always stop buying shares, not open a FD or buy assets.
Credit scores show how one is financially disciplined. How he is managing his bank balance or making his payments on time etc.
PS. Credit Card is two edge sword. It can defend or cut one's entire hand depending upon uses.
@@Jius86 Same goes for ones discipline as well. One can get into into debt later causing to lose control over his discipline - with factors other than CC. The only way to ensure your credit is safe is taking the borrowers assets as a guarantee.
Banks will be profitabe by the level of interest it has credited to, whats the better interest than a CC? IMO, its all a colluding between those large parties.
Though the bottom line: We should have a credit card and maintain it well for this score purposem due to the weightage a CC is given there.
I have 3 credit cards, my rule of thumb is to keep the amount of money I spend on my CCs in my bank account even before I spend it.
Benefits?
I have funds at month end for any contingencies,
I have financial discipline,
I get reward points on my CC spending,
In case I have business travel, it helps me cover for the reimbursement delay
Also, 2 of my CC are lifetime free and I don't use them (have given 1 to my mother so she learns to use it) and planning to close my 3rd one :)
IF you are going to close one then it better be the one where you've to pay an annual fee. Also, it is prudent to keep the oldest card "alive" as it helps with your credit score.
@@duttatarayann966 yes, good points, keeping them both in consideration
Accidentally watched one video of yours. Believe me it became addiction and I continue for morethan 3 hrs by going to channel videos. What a analysis and output video. Great work and efforts. I really and hearty appreciation to you and your team.
1. Always try to get a LTF (life time free ) credit card. (I.e. no joining or maintain fee)Without any conditions.
2. Check the cash back scheme before getting a credit card.
2. Cash back point should be redeemed as money. 1 point = ₹1 Or 10 point = ₹3 like this.
3. Never miss the due date.
4. Always pay the full amount.
5. Do not take any offers like smart EMI (if not needed badly).
6. Whatever you spend on credit card immediately try to transfer the same amount from your salary account to some other account (account used for paying the bill) so that you don’t get the illusion of having more money than your salary.
7. ALWYS REDEEM THE CASH BACK POINT BEFORE THEY LAPSED
Also CRED gives cashback for each bill paid >₹1000 and for 3 days. So when we pay the bill in splits and that too prior to the deadline - we can even earn 30-50₹ per card every month...
Can you share what is meaning of ltf card how is different from normal cc
@@nwh-makeyousmile5396 Lifetime free cards cannot be charged for annual or joining fees at any moment. If a card is delivered or activated as a lifetime free cards - the banks cannot charge annual fees on it at any point of the time. Normal cards which have annual fees already can be modified with their fee structure anytime with a reason announced by banks to the RBI. In case a spend commitment is active on cards, it may also be increased anytime by the banks.
If a newbie puts his money is Stock Market and then he will loose it all, but that doesn't make the platform bad or evil. Same like it, Credit cards will be extremely good only if you know how to use it wisely. I got my credit card from my first job and within 2 months my credit score was 820+ and it is in that shape till now, i dont get in dept trap, apart from loan, just using the card to pay the bills that you are gonna pay anyhow via cash or debit and just pay it in one time within due date
Very true 👍🏼👍🏼
I am into debt trap unable to get out
Just one piece of advice for all people reading this. NEVER Ever use a credit card of Standard Chartered bank. These people are thugs.
Im trying get fuel card from them. What's wrong with them
I have been using credit card for 13 yrs. I have never paid late payment fine/fees and I always paid total outstanding due. Don't know why & how people fall in debt trap. Also I have been using single card for these 13 yrs.
I feel that credit cards aren't that great and they definitely make you spend more. Even if not a lot but still around 10% extra then what you would have paid with cash/debit card.
On an average Credit cards give discount of 3-5%.
On an average if you spend 1L on credit card then final payment after discount would be ~95k.
Where as in case of debit card, you would spent 10% less than in the case of credit card hence around 90k.
Therefore you see that buying credit cards barely give you any benefit.
This is just a small advantage.
Other things would include no credit card bill issue, no overspending and many other things
Pehle main bahut khush rahta tha phir ek din ek bank ke Branch Manager dost ki nazar meri khushiyon ko lagi apne target ke chakkar mein mera Credit card bana diya . Thori si khusi bachi thi us dusre bank ke manager ki nazar lagi uske baad 3 saal ho gaye hain trap se nikalne ki kosis kar raha hun.
Ummid hain March 2023 tak….
1. Phela kaam Karna hai ke card ko sizzor se cut Karke 2 tukde me Kar do.
2. Next sabhi subscription band Kar do Netflix se leke cable TV tak.
3. Theater me movies dhekna band Kar do.
4. Bahar Khana band Kar do.
5. Tea aur coffee Pina chod do. Agar Nahi chod sake to ek... sabare me bas.
6. Daru tho bilkul hi Nahi... Agar dost bularahe ho toh dost ko chod do.
Dhekte hi dekhte Credit card bill bar Jayega.
7. Fir Credit card account close karna hai Nahi thi who card Ghar par bejtehi rahega. Woh bohut mana Karenge.. tho account hi close kar dena.
fluency has been literally changed. super duper hit 😎😎
Exact and honest analysis. Superb. I appreciate it.
Very good informative video. I don't own a credit card because my friend was in a debt trap
Thanks for watching ❣️
Hit me directly for more profitable insight 📩...
Good to see a new channel :) from Aceink.
Thanks for watching ❣️
Hit me directly for more profitable insight 📩...
Also, they cash on memory failure...
9:15
It's not a scam per se, it is a carrot-and-stick policy, like playing a game with the devil.
Thnx sir 😂mera credit card aane wala hai me to soachra tha nifty niche ayega to ussse 😂 use karunga
Never use any debt for investing in Stock Market. That's the Thumb Rule
@@arunjauhari7265 yes u r ryt
Trust me sir your contents never disappoint anyone ❤️❤️❤️❤️❤️
Thanks for watching ❣️
Hit me directly for more profitable insight 📩...
Sir please make this video in Hindi. Many common people including my father fell for this scam. This will be helpful for lot of people if it is in Hindi
Thanks for watching ❣️
Hit me directly for more profitable insight 📩.....
Credits cards se phone bech bech k accha kama raha hoon ... Forget about interest. I'm not even giving annual fees 😃
Your voice is amazing, keep guiding us, lots of love
Thanks a lot 😊
Amazing voice,my asss🤮😂😅🤣
Sir mujhe upka hlp chahiye... Crdt card k bare me puchna hai.. Mai is trap main hu
Without background music making video boring
Sir hindi subtitles dal deya karo
मा.महोदय, कृपा करके हिंदी भाषा मे सभोदित करे🙏
Maina use hi nhi kya... Ek month pehle maina crdt crd cancell krne k lye applctn dia tha.. Lekin kl mere accnt se 6000 kat k le geya
Sir Hindi me bhei karo
in this video there is add of cred credit card so i report 😂
I have made a great use of credit cards... and I'm proud of that
👍
Bhai hindi main banao video please
Sir.........
Hindi Me Banno ji........ Pls.
Pls speak in hindi
No