Thats forceful expenditure of Rs.4L not 25% return of 1L. That 25% spent was not even worth 5% in the first place. Also you'd consume time in all this which adds to the expense.
@@mewguy69 many outlets charge extra for using credit card as they get charged by the credit card company on per transaction basis. That's why it's foolish to use those supposed benefits after spending your own money on it.
You can redeem 48,000 AMEX MR points for Amazon Pay vouchers, where 24,000 MR points get you an ₹8,000 voucher (If you have one more card- Gold charge or MRCC). Thus, for a spend of ₹4 lakh, you get ₹16,000 in Amazon balance. Additionally, at every renewal, you can get your fees fully or partially waived depending on your negotiation with customer care.
@@RahulGupta-xv5px Just because it doesn’t make sense to you doesn’t mean it’s unwise. I have been able to generate good returns from AMEX cards, even without using the points on flights or hotels.
@@sreetam_dutta bhai par ye points ke lalach me wo expense track karne me time waste karte h log aur 1-2% extra pay karte hai credit card fees ke naam pe. Khud ka paisa ghuma k khudko milta hai par baki cheezo pe unwanted expenses ho jate h kyuki wo purchases pe iss credit card k points mil rahe hote h. Toh jo cheez saste me mil sakti thi wo zyada paiso me khareed lete h log.
so damn true if a person needs to stay at a hotel that costs 40k a night he shouldn't be bothered about money at all. earning points to stay at luxurious hotel is a childish thing
A business man here staying in 5 star hotel... bull shit stuff. First you will limit your choice just because of this shit points. 2nd these perks are temporary to lure .. devaluation is norm now. 3rd one who truly affords 5 stars will not care to track This headache.
Joining fee 3500/- against which u can earn 10K welcome bonus points.....Yearly fee is 5000/- and you can always call amex and get renewal fee benefit every year...sometimes it's even 100% waiver on the renewal fee upon requesting to amex
Biggest problem with Amex card is, they dont work in most of the places where regular people spend money.. So to spwnd 4 lakh on those select places where Amex card works, you would have easily force spent more than that 1.2 lacs worth of hotel stay they are talking about on things those were never needed in first place. There is no free meal in this world my dear friends, spend wisely. Sharan is a clever guy, this is just new ways of ad/promotion which doesn't look like one. He is now successfully trading his finance advisor image for ads like this in the guise of financial advise..
Spending ₹4 lakh is one's choice but how's it 25% return if you stay for free at a hotel charging ₹1lakh? They're not paying you ₹1lakh right? What am I missing here?
Today I feel empowered. I just got to know spending extra that I didn’t want to spend gives me an offer I don’t need from someone I don’t need about staying in a place where I don’t want to , at a price which I am not willing to pay anyway. That top level credit life my friends.
He is partially right. I live in Germany, I hold Amex platinum. I use my card to book hotels either for travel, booking flights and buying regular shopping stuff and thats getting me to 30k Points a year and some offers and so on leads to 50k points. I move it to emirates and i upgraded my flights to business as one can transfer amex to emirates . And they put you in higher status when you hold amex and i can take my wife and child for free in Marriot or hilton or radisson. that does saves around 250 to 300 euros a year along with getting better rooms and upgrades.
All audiences think if you need or have a requirement to spend 4L using a credit card , to enjoy staying at 5 star? It's another mafia way of making you spend 4L on credit card. The concept of a credit card is to always make you live a debt life, which ain't good. All credit card enthusiasts and experts, thanks if you are calling me in a bad way. If you have a title expert, it's to share the right message,not make money
Pls correct me if I am wrong, If you spend 4 lakh from the apex credit card you also need to pay it back to the bank which means just to stay at a hotel which cost you 50k per night you spent 4 lakh just to get those points
You mostly speak about using credit card points for stay in star hotels. Thats kind of a forceful expenditure. Using it in airport lounges and hotels are not common usage. Suggest some solid cards that give good returns in form of vouchers like amazon vouchers or cashbacks.
U might get Free Stay in 5 star, But what about food and Amenities???? U are still gonna burn ur money. Sharan is Smart, just putting this in to show as a educational >> Marketing or Ad/Promotion bro 😂😂😂😂
They get all food items cost and extra charges without the points .he didn’t say that that’s usually hotels benefits and also 1 person didn’t stay in hotel definitely 1 friend or family may go with him chances person may varies
That's not 25% return ... That's called surrogate advertising and misselling. It is Marriott who is making business not this idiot who is trying to dupe us and sell shams. @Sharan - I always loved your content. You have honestly let me down here
that fellow is also sold out.. you only realised in this video.. go back and see his videos carefully you will understand the bull shit economics he talks abt..
You are not earning a return (in terms of an income). You can just reduce your annual spend, invest that money in a good company and earn a return on that.
I read through the comments and people completely misunderstand the context here. Amex platinum is never a middle class card at all. Its for someone who has a fixed 4 L spend that he or she can use a credit card to pay rather than a debit card and easily expense it through their income. Its NOT FOR US!! For someone who spends 4L in a credit card which would include things like business travels etc would have net income of above 20L where 4 lakh falls under 20 percent of their annual in hand salary for it to make sense. THAT IS NOT MIDDLE CLASS. So people of the internet, please understand the context before mentioning fees and all that. This video is for people who can afford 4L spending annually, take vacations to huge hotels and locations and they can use this card to get all those amenities
But at the aren't you spending on the product of Westin. Thinking that you've saved 1-1.2 lacs. You've actually made sure to spend the 4 lacs to get a limited options of either Westin or some other hotel.
What all is explained in the video is true and many of my relatives do the same as well. But the problem that I have with this is the finance influencer is they never explains why this is beneficial to both the Amex and the Recipients ( in this case the hotels ) who is actually paying for my room. Is it me? It is Amex? Is it the hotel? Or the common man who does not have the Amex card and have to book the hotels on the inflated prices because the hotel does business with Amex. And if you are a sensible person who can figure it out that \ both the Amex and The Hotel are not so nice to give me a free room for 3-4 days out of their pocket. So I dare you Sharan to let us know Who is actually paying for Room? Does having a Amex card creates inflation for those who do not?
Sorry, but i feel it like waste of logic that makes you feel that you saved, however to make that 60000 points you are bound to transact 500000. Is that worth a spend?
So on average you spend about 40K a month on Credit Card. And let's say you miss one payment because the payment towards credit card did not go through and you did not notice. The cost of that is huge. Spending so much for points is stupid
Value only if you are going to stay in same hotel with your own money, otherwise it’s just a aspiration. Credit card is a game which bank plays better than all those credit card influencers 😅
But what about the food in that 5 star hotel, if I cannot afford 35k per night then surely the food I'll consume would be more if I cut down on the food the trip would not be fruitful
Marriot doesnt give 1:1 always , dont fall for this bs , marriot doesnot have much coverage and for booking with points you have to select on which marriot will allow u to do so. These people spread half information please do your research before taking any decision
Bulls man. And thats how they get you into the worlds worst financial nightmare ever, credit cards. Deal with cash and debit cards guys. And have control on your money. Never let any of these credit card looting companies ruin your life..
Some of these express card has joining n renewal fee of 5L ... Could be lesser with personal cards... This is how rich thinks they are saving money to feel intellectual...
😂😂😂 the problem is amex won't be accepted in most of the outlets and another thing is that there are already shopper specific cards then why someone have to take this and spend 5 lac
Funny - 25% gain after spending 4 lac. If you invest you will make more than that 😂😂😂. That gain stays with you and will make more money again. This 25% return is in Marriott pocket
Sbi credit card walo ne fake bill bhej bhej ke muje defaulter bna diya. Now i get declined on all cc applications. Thankyou SBI. Jaanta hai mera bank kaun hain 😢
luxury is not a necessity 😂 these online gurus thinks india is so ready to live for 5 star living, platinum card using populous. The unemployment is so high and rich are only getting richer.
Rule number 1, never trust anyone who sells bullshit classes
Lol
😅
Rule number two follow Rule number one
Hahaha this is a quality comment!
He speaks top shit😂😂😂
Thats forceful expenditure of Rs.4L not 25% return of 1L. That 25% spent was not even worth 5% in the first place. Also you'd consume time in all this which adds to the expense.
Spend of 4 lacs per year is easy for the one who earns 1-2 lac per month. 34k on credit card is almost fine.
@@mewguy69 many outlets charge extra for using credit card as they get charged by the credit card company on per transaction basis. That's why it's foolish to use those supposed benefits after spending your own money on it.
You can redeem 48,000 AMEX MR points for Amazon Pay vouchers, where 24,000 MR points get you an ₹8,000 voucher (If you have one more card- Gold charge or MRCC). Thus, for a spend of ₹4 lakh, you get ₹16,000 in Amazon balance. Additionally, at every renewal, you can get your fees fully or partially waived depending on your negotiation with customer care.
@@RahulGupta-xv5px Just because it doesn’t make sense to you doesn’t mean it’s unwise. I have been able to generate good returns from AMEX cards, even without using the points on flights or hotels.
@@sreetam_dutta bhai par ye points ke lalach me wo expense track karne me time waste karte h log aur 1-2% extra pay karte hai credit card fees ke naam pe. Khud ka paisa ghuma k khudko milta hai par baki cheezo pe unwanted expenses ho jate h kyuki wo purchases pe iss credit card k points mil rahe hote h. Toh jo cheez saste me mil sakti thi wo zyada paiso me khareed lete h log.
just stay in a 7-8k hotel man, someone who can afford a 40k hotel will not have to worry abt this bs.
so damn true if a person needs to stay at a hotel that costs 40k a night he shouldn't be bothered about money at all. earning points to stay at luxurious hotel is a childish thing
A business man here staying in 5 star hotel...
bull shit stuff.
First you will limit your choice just because of this shit points.
2nd these perks are temporary to lure .. devaluation is norm now.
3rd one who truly affords 5 stars will not care to track This headache.
Exactly !!
ya!!!!!!!!!!!!!!
Joing fee 50000
Renewal fee 50000
Thank you ...
Joining fees 3500 Renewal fees 4500. Pleasure is all mine !
So it’ll take a year or two to recover your money
Joining free is often waived off with referrals. I got it the same way.
Joining fee 3500/- against which u can earn 10K welcome bonus points.....Yearly fee is 5000/- and you can always call amex and get renewal fee benefit every year...sometimes it's even 100% waiver on the renewal fee upon requesting to amex
Biggest problem with Amex card is, they dont work in most of the places where regular people spend money.. So to spwnd 4 lakh on those select places where Amex card works, you would have easily force spent more than that 1.2 lacs worth of hotel stay they are talking about on things those were never needed in first place.
There is no free meal in this world my dear friends, spend wisely.
Sharan is a clever guy, this is just new ways of ad/promotion which doesn't look like one. He is now successfully trading his finance advisor image for ads like this in the guise of financial advise..
Thanks
Exactly 💯💯💯
True
Can't stop laughing at this blatant exhibition of intellectual impoverishment 😂😂😂😂
This is sponsored by American express credit card
Dear Amazon,
Plz dont put podcast Materials on sale...
I'm "making" 25% returns hahah
I will sleep peacefully in my home without worrying about how to impress someone
Spending ₹4 lakh is one's choice but how's it 25% return if you stay for free at a hotel charging ₹1lakh? They're not paying you ₹1lakh right? What am I missing here?
You are spending 4 Lakhs and getting 1 lakh worth of free goodies which is 25% returns on the 4 lakh rupees you have spent.
Bro you are not missing anything. He is missing that 15% workforce where any one of them could have corrected his doubly sponsored short.
1 yr mind spend on this things what we get at thr end of the yr? 😅
BS of commonsense 😂😂
Find me a hotel in Goa for 48000 points. Conviniently he shoses a hotel like westin Rishikesh that has low footfall
I am somehow purchasing a product worth 100 rupees and I am getting a voucher worth 50 rupees....so am I making 50% return???😅😂😂😂
Now we need a masterclass for credit card 😂😂😂
This is practical whose expenditure is 4 lacs or more in year, that too in places where AMEX is acceptable....
Today I feel empowered. I just got to know spending extra that I didn’t want to spend gives me an offer I don’t need from someone I don’t need about staying in a place where I don’t want to , at a price which I am not willing to pay anyway.
That top level credit life my friends.
You're not making any returns here, mate. They just succeeded in making you spend. 😂
He is partially right. I live in Germany, I hold Amex platinum. I use my card to book hotels either for travel, booking flights and buying regular shopping stuff and thats getting me to 30k Points a year and some offers and so on leads to 50k points. I move it to emirates and i upgraded my flights to business as one can transfer amex to emirates . And they put you in higher status when you hold amex and i can take my wife and child for free in Marriot or hilton or radisson. that does saves around 250 to 300 euros a year along with getting better rooms and upgrades.
All audiences think if you need or have a requirement to spend 4L using a credit card , to enjoy staying at 5 star?
It's another mafia way of making you spend 4L on credit card.
The concept of a credit card is to always make you live a debt life, which ain't good.
All credit card enthusiasts and experts, thanks if you are calling me in a bad way. If you have a title expert, it's to share the right message,not make money
Don't use credit cards. Use your debit cards, and you will understand to wisely spend on what you have in hand.
Zindagi ke thappad khaane ke baad ye baat samajh aayegi, until then ppl will flex their credit cards capacity.
Pls correct me if I am wrong, If you spend 4 lakh from the apex credit card you also need to pay it back to the bank which means just to stay at a hotel which cost you 50k per night you spent 4 lakh just to get those points
To save 16k spend 4 lakh..awesome go on
The blue shirt guy's confidence when uttering bs
This is good as a one time thing. That one time you got to stay at 35k/night hotel. But anything above a 6-7k/night hotel is a waste of cash lol
You mostly speak about using credit card points for stay in star hotels. Thats kind of a forceful expenditure. Using it in airport lounges and hotels are not common usage. Suggest some solid cards that give good returns in form of vouchers like amazon vouchers or cashbacks.
U might get Free Stay in 5 star, But what about food and Amenities????
U are still gonna burn ur money.
Sharan is Smart, just putting this in to show as a educational >> Marketing or Ad/Promotion bro 😂😂😂😂
They get all food items cost and extra charges without the points .he didn’t say that that’s usually hotels benefits and also 1 person didn’t stay in hotel definitely 1 friend or family may go with him chances person may varies
Is insurance payment covered under this card
That's not 25% return ... That's called surrogate advertising and misselling. It is Marriott who is making business not this idiot who is trying to dupe us and sell shams.
@Sharan - I always loved your content. You have honestly let me down here
that fellow is also sold out.. you only realised in this video.. go back and see his videos carefully you will understand the bull shit economics he talks abt..
Don't listen to these thugs, save money
You are not earning a return (in terms of an income). You can just reduce your annual spend, invest that money in a good company and earn a return on that.
And the annual membership fee?
I read through the comments and people completely misunderstand the context here. Amex platinum is never a middle class card at all. Its for someone who has a fixed 4 L spend that he or she can use a credit card to pay rather than a debit card and easily expense it through their income. Its NOT FOR US!!
For someone who spends 4L in a credit card which would include things like business travels etc would have net income of above 20L where 4 lakh falls under 20 percent of their annual in hand salary for it to make sense. THAT IS NOT MIDDLE CLASS. So people of the internet, please understand the context before mentioning fees and all that. This video is for people who can afford 4L spending annually, take vacations to huge hotels and locations and they can use this card to get all those amenities
But at the aren't you spending on the product of Westin. Thinking that you've saved 1-1.2 lacs. You've actually made sure to spend the 4 lacs to get a limited options of either Westin or some other hotel.
Still it is useful.
@ yeah it is. Ofcourse useful it is. But what this few second video makes it seem like it's worth 1.2 lacs of any purchase out there.
After a certain income 4 lakhs ka spend to 4 mahine (ghar ka expense accounting to 1 lakh per month) me ho jaata hai…….
What all is explained in the video is true and many of my relatives do the same as well. But the problem that I have with this is the finance influencer is they never explains why this is beneficial to both the Amex and the Recipients ( in this case the hotels ) who is actually paying for my room. Is it me? It is Amex? Is it the hotel? Or the common man who does not have the Amex card and have to book the hotels on the inflated prices because the hotel does business with Amex. And if you are a sensible person who can figure it out that \ both the Amex and The Hotel are not so nice to give me a free room for 3-4 days out of their pocket. So I dare you Sharan to let us know Who is actually paying for Room? Does having a Amex card creates inflation for those who do not?
What about the high interest paid on expenditure
No need 5 star hotel in first place😂
Middle class thinking never leaves
Imagine spending almost a middle-class person's whole year salary using a credit card just for a 4-day stay in some hotel.
Don't fall in 20 sec trap
From.where the hell you got 25% return in this whole expenses....😂
Meanwhile forgetting about the annual charges for AMEX cards😮
Sorry, but i feel it like waste of logic that makes you feel that you saved, however to make that 60000 points you are bound to transact 500000. Is that worth a spend?
These people think they are fooling the card companies, but the reality 😂😂
Bro they are making you spend a lot of money to get those points😅😅😅
Do this but never buy a car or house in your life
The target of the banks is you need to spend, and end of the day you spending more not saving
Never rely on fake-online experts😅😂
So on average you spend about 40K a month on Credit Card. And let's say you miss one payment because the payment towards credit card did not go through and you did not notice. The cost of that is huge. Spending so much for points is stupid
This am using from last 5 years. 😅😅😅and they discussing now😂😂😂
Value only if you are going to stay in same hotel with your own money, otherwise it’s just a aspiration.
Credit card is a game which bank plays better than all those credit card influencers 😅
गोलमाल है भाई सब गोलमाल है...😅
Me watching this shorts lying on my dirty house floor(still feels better than any hotels out there)
Bro "makes" 25% returns by spending 4 Lakh extra rupees in a year 🤣🤣🤣
This amex card gets sold like hot cakes ...
That’s super bullshit , Marriott points required are atleast 35000 per night not for 4 nights .
Does this video ment for middle-class guy ...???
This guy is nuts 😅
But what about the food in that 5 star hotel, if I cannot afford 35k per night then surely the food I'll consume would be more if I cut down on the food the trip would not be fruitful
Marriot doesnt give 1:1 always , dont fall for this bs , marriot doesnot have much coverage and for booking with points you have to select on which marriot will allow u to do so. These people spread half information please do your research before taking any decision
Great.. and they pay the yearly credit card fee of 45000 every year.. hahah
Bulls man. And thats how they get you into the worlds worst financial nightmare ever, credit cards. Deal with cash and debit cards guys. And have control on your money. Never let any of these credit card looting companies ruin your life..
Its force expenditure dude
Why should I stay in a hotel when Im staying at home
Rule number 1 never trust this type of content creators 📌
Never get American Express if you are okay without credit card you are good
In everyway it's a Expense 😂
No comments. Live on earth. Not in sky.
Some of these express card has joining n renewal fee of 5L ... Could be lesser with personal cards... This is how rich thinks they are saving money to feel intellectual...
Then they change the policy overnight.
😂😂😂 the problem is amex won't be accepted in most of the outlets and another thing is that there are already shopper specific cards then why someone have to take this and spend 5 lac
1% do it this will discipline rest all will get sucked in to it
Only useful for someone who wants to spend 4 lakh
Funny - 25% gain after spending 4 lac. If you invest you will make more than that 😂😂😂. That gain stays with you and will make more money again. This 25% return is in Marriott pocket
Instead of spending 4 Lakhs and invest it somewhere and get more returns.. why waste money just to saturate hotel fr 4 days
This guy "teaches'" in his class on how to accelerate reward points. Wonder who will attend such classes
78000 annual fee plus 4 lakhs spend on card to enjoy 4 days stay in 5 star hotel...😂
No this card has annual fee of 3.5k and 1st year free
@@SumitKumar06 Card variant name please.
@@SumitKumar06 I can see platinum card with this feature and the annual fee is 66k plus tax
@@deepanamaran what he mentioned is of Platinum travel card and not Platinum charge card
Thats how u count returns🤔
As long as someone else other than me is paying off the rs 4lacs which is spent i am fine with this
Bro is flexing a four night stay which so many people don't even want it as a profit 😅 kya phook ke aaya hy bey😆
Home sweet home 🏡
UA-camrs guiding about money
This is like force travel
Seems promotional !
Bro this card annual fees is 66k per year , I dont want 48k points by paying 66k rupees , crazy fellow !
It's not 66k..it's 5k..it's the amex travel card
Good
Bhai mereko to ye sab samaj hi nahi aata isi liye kabhi credit card use karne ka socha bhi nhi
Credit card is tool to make you over spender and crash so badly if you financially broke in any stage of your life.
Better Put 4 Lac in FD at 8%. Then book a hotel room with it 😂. Influencer ka sahi he Paise milege to kahi bhi kitna bhi hagh denge
Did u see finfluencers running out of content
🤣🤣🤣 itna joining aur annual fee do fir 4L spend karo aur 1 night hotel mein bitao 😂😂😂
Kya masst scheme hai.
You are millionaire why need credit card😅
If u r only way to stay in 5 star is by points u r too poor to think about staying 5 star
It's very funny how someone is now teaching how to spend money. You're better off spending your time trying to make more money than doing this.
Apart from this you get 10000 Taj Voucher
He is spending and saying that he is making returns.
Thats not a return 😂
1st rule of selling a course: trigger his desires. (stop falling for this bs n buying there course)
Sbi credit card walo ne fake bill bhej bhej ke muje defaulter bna diya. Now i get declined on all cc applications. Thankyou SBI. Jaanta hai mera bank kaun hain 😢
Yes..same here.., with SBI
luxury is not a necessity 😂
these online gurus thinks india is so ready to live for 5 star living, platinum card using populous.
The unemployment is so high and rich are only getting richer.
I think this is not worth and waste of discussion. Please prefer some quality topics to discuss instead of 5 star hotel business.