Regarding myth 4: thinking about this, I thought it'd be really bad to close my unused and non-rewarding cards. So I waited for my other cards' limit to increase, along with managing my expenses so my utilization ratio is single digit (
While obsessing over credit scores isn’t necessary, keeping them in check is important to maintain control over your finances and achieve your financial goals. Balance is the key!
@@CardAcademyplease make a video on Uni Yes Bank credit card 🙂 I applied for it last month because they discontinued Uni Paycheck and were offering it to me as LTF, but after applying I changed my mind and requested them to cancel it (which they didn't). Afterwards, I decided that I won't activate it upon receiving so it'd be closed automatically but the limit was 3 lacs and I changed my mind again 😅 The only benefit I see is zero forex on international txn but honestly I don't know what is it and how to use it. So please make a video on it so I can decide if I should keep it or close it
One video on Ways to increase credit card limit. I have few cards with limit 1.1 lakh and few with limit above 6 lakh Kamm walo ki limit kaise badhwau based on C2C basis
Some say that if you pay less than total amount you have to pay interest on the total amount and not just the unpaid amount, because the free credit period is withdrawn in such cases.
That's partially correct. When you pay less than the total amount due, the interest is charged on the outstanding balance, but the key point is that the 'interest-free' period gets revoked. This means that from the date the payment was due, interest will be calculated on the remaining balance. It’s always best to pay the full amount to avoid any interest charges and maintain the benefits of the interest-free period.
If I upgrade my 5 year old credit card to a new credit card, will my credit history be impacted by this? Since the 5 year old credit card is being closed and a new upgraded credit card account is being opened, how will that impact the credit account age and CIBIL?
Just upgraded my 4 year old card, i was thinking the same but to my surprise when i upgraded and checked my credit score after a month, my credit score was unchanged. And my old card was replaced with the new one with no sign of existence of the old card. Also the re payment history of the card is shown from the date of activation of the old card. It is shown that my new card is 4 years old. Hope that answers your question.
According to you we shoul not close the oldest credit card, but what if my 1st credit card is a FD based secured credit card then am bound to close it because i want my FD money back ????? please tell me your thought on this.
I've been applying for credit card and have been rejected all the time without any reason, even though I meet all their eligibility criteria by long margin. Me holding single name, can this be the possibility for rejection? I've talked to bank staff one of them did mention this can be the case, although vaguely.
It's not so but only for some banks like standard charter and Au Does not provide the card to single name person.otherwise you can take the card from most of the banks even if you have a single name
es, it was announced that CIBIL score updates would happen every 15 days starting in January. However, the apps you’re using might still be showing the next update after 30 days because they may be following the previous update cycle or might take time to integrate the new system.
You are right... I have subscription of cibil transunion but banks and nbfcs are not updating the data in 15 days . I refresh my credit score frequently
@@CardAcademy *Should we pay the Credit Card Bill, Before the Bill is Generated or After we get the Billed amount notification* Does that make any difference ❓️
Mem ager kisi ke pass 2 credit card h 50,000 amount limit ke total 100000 huaa to 30% limit ke hisab se dono card me se 15,000 used kr skte h ya total 15,000 card ki limit kitni used kre civil grow krne ke liye do
Non metro mein bangalore, pune , ahmedabad , hyderabad aur na jaane kitne bade bade cities jinko aaj se 10 saal pehle hi metro ghoshit kar dena chahiye tha
New cradit card 1 month or 5 month ko band kar dey or new cradit card utni hi limit ka mil jaye . Mein 2 cradit band kiye or dono ko milakar 70000 rs hue or new card mil 73000 limit ke sath to mere cibil par kiya effect hoga please 🙏 give me answer. Thank u
2 credit cards band karne aur nayi card utni hi limit ke sath lene se aapke credit score par thoda short-term impact ho sakta hai. Ye is wajah se hota hai kyunki purane accounts band karne se aapki credit history ka length kam ho sakti hai aur credit utilization ratio temporarily badh sakta hai. Lekin, agar aap apni nayi card ko responsibly manage karte hain, time par payment karte hain aur utilization low rakhte hain, toh impact minimal hoga. Apna credit score monitor karte rahiye taki wo healthy rahe!
Maine 3 card band kiye (combined limit ~1.3 lakh) aur ek card par limit badhi (1.25 lakh) aur mere score badh gaye. Comment check lar lo isi video par mera, poori detail mein likha hai. Haan par woh card sabse purane nahi the (Axis card 1.8 yr purana hai aur ab bhi hai) woh sirf 7-8 mahine pehle liye they
if you are utilising >30 % of your credit limit then it is better to Pay before bill is generated. and if credit utilisatioln is very less then there not much diffenece of paying before and after bill ganaration ............but always pay total amount before due date.
Hi I need help for applying axis Bank credit card. I have multiple credit card with limit above 6 lakh, but I don't have any card of axis Bank. Issue is: I had axis Bank card in 2018, and later when card got expired, I was not able to receive that card due to address change. Now if I try to apply for axis bank card, they always decline stating internal policy. What can I do in this case
Ma'am agr hmm apne credit card ka bill generate hone se pehle hi payment krde toh kya hoga...like mera bill month ke 1st ko generate hota h or main 30th ko hi payment krdu toh
Agar aap apne credit card ka bill generate hone se pehle payment karte hain, toh aapke bill par koi effect nahi hoga, lekin aapka outstanding balance zero ho jayega aur aapka utilization ratio bhi low rahega. Jo data reporting hota hai, wo aapki payment date ke according update hota hai. Agar ab data do baar report ho raha hai, toh aapki payment ka impact 1st aur 15th ko dono hi samay reflect ho sakta hai, depending on the reporting cycle. Ye aapke credit score ko positive impact de sakta hai agar aap regularly apne payments time pe karte hain.
It means agr Mai kisi month 70% credit limit use krta hu and 1st ko bill generate hone se pehle 50% bill pay kr deta hu toh mera credit utilization 20% 😊 rhega joki main bill generate hone ke baad due period me pay krr dunga...Please answer ma'am #CardAcademy✨️
One more query... Agr Mai kisi month 70% credit limit use krta hu and 1st ko bill generate hone se pehle 50% bill pay kr deta hu toh mera credit utilization 20% rhega joki main bill generate hone ke baad due period me pay krr dunga... And also it doesn't affect my credit scrore #CardAcademy✨️
70% ka use karne par us ka 50% toh 35% of card hoga na, 20% of card nahi. Aur haan, utilization utni hi aayegi jitni bill generation mein dikhegi. Main bhi aise hi karta hoon jab kabhi badi purchase ki hoti hai kisi aur ne mere card se, so that instant increase na dikhe
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
1st comment,first like
Regarding myth 4: thinking about this, I thought it'd be really bad to close my unused and non-rewarding cards. So I waited for my other cards' limit to increase, along with managing my expenses so my utilization ratio is single digit (
Maturity is realising Never to obsess over Credit Score and just living life financially responsible..
While obsessing over credit scores isn’t necessary, keeping them in check is important to maintain control over your finances and achieve your financial goals. Balance is the key!
@@CardAcademyplease make a video on Uni Yes Bank credit card 🙂 I applied for it last month because they discontinued Uni Paycheck and were offering it to me as LTF, but after applying I changed my mind and requested them to cancel it (which they didn't). Afterwards, I decided that I won't activate it upon receiving so it'd be closed automatically but the limit was 3 lacs and I changed my mind again 😅
The only benefit I see is zero forex on international txn but honestly I don't know what is it and how to use it.
So please make a video on it so I can decide if I should keep it or close it
Didn't know about the first myth, thanks for this video ❤
One video on
Ways to increase credit card limit.
I have few cards with limit 1.1 lakh and few with limit above 6 lakh
Kamm walo ki limit kaise badhwau based on C2C basis
Wesse didi ..... Card pard toh hota rahega..... thand mast ho rahi hai .... Hai na😂😂
Very good video
mere pass 28 card hai ❤ aur limit 34 lakh hai❤❤ but enko manage karna ab bahut hi difficult ho gaya hai😮 6:43 ❤❤❤
Wah! Dhanya ho...main toh 9 cards mein hi bore ho gayaa
❤
3:31 Interest rate calculate
You are so awesome while sharing information which is accurate
Some say that if you pay less than total amount you have to pay interest on the total amount and not just the unpaid amount, because the free credit period is withdrawn in such cases.
Yes you have to pay interest on total outstanding
That's partially correct. When you pay less than the total amount due, the interest is charged on the outstanding balance, but the key point is that the 'interest-free' period gets revoked. This means that from the date the payment was due, interest will be calculated on the remaining balance. It’s always best to pay the full amount to avoid any interest charges and maintain the benefits of the interest-free period.
If I upgrade my 5 year old credit card to a new credit card, will my credit history be impacted by this?
Since the 5 year old credit card is being closed and a new upgraded credit card account is being opened, how will that impact the credit account age and CIBIL?
Just upgraded my 4 year old card, i was thinking the same but to my surprise when i upgraded and checked my credit score after a month, my credit score was unchanged. And my old card was replaced with the new one with no sign of existence of the old card. Also the re payment history of the card is shown from the date of activation of the old card. It is shown that my new card is 4 years old. Hope that answers your question.
Please make a video on IndusInd pioneer private metal credit card
According to you we shoul not close the oldest credit card, but what if my 1st credit card is a FD based secured credit card then am bound to close it because i want my FD money back ????? please tell me your thought on this.
👍👍👍
Didi a small question, is good to have a bnpl account in our cibil?
If there is no extra charges of BNPL , you can keep it . but be limited.
mujhe ye sab pehle se hi pata hei😂
mei to aapko dekhne k liye aya😂
Simp detected
Kindly reduce music volume sometimes music is making hard to focus on your words.
Thankyou for your feedback!
Thumbnail me jo likha hai use to bataya hi nahi 😅
Iske bakwas ki wajah se hi maine ye channel dekhna chhod diya hai
Dekh to rahe ho vai@@TheBioMedicalHub
I've been applying for credit card and have been rejected all the time without any reason, even though I meet all their eligibility criteria by long margin. Me holding single name, can this be the possibility for rejection? I've talked to bank staff one of them did mention this can be the case, although vaguely.
It's not so but only for some banks like standard charter and Au Does not provide the card to single name person.otherwise you can take the card from most of the banks even if you have a single name
Maybe a supplementary card will open your way 🤔
@@foryourknowledge4578 Maybe, not sure why they are rejecting without any reason.
@@issaognigga786 What do you mean by supplementary card?
It was said after Jan cibil will be calculated after every 15 days, but why apps show next cibil update after 30 days?
es, it was announced that CIBIL score updates would happen every 15 days starting in January. However, the apps you’re using might still be showing the next update after 30 days because they may be following the previous update cycle or might take time to integrate the new system.
You are right... I have subscription of cibil transunion but banks and nbfcs are not updating the data in 15 days . I refresh my credit score frequently
@@CardAcademy
*Should we pay the Credit Card Bill, Before the Bill is Generated or After we get the Billed amount notification*
Does that make any difference ❓️
Mem ager kisi ke pass 2 credit card h 50,000 amount limit ke total 100000 huaa to 30% limit ke hisab se dono card me se 15,000 used kr skte h ya total 15,000 card ki limit kitni used kre civil grow krne ke liye do
Mera amazon pay icici card approve hi nai hota h bhot bar try kr liya.....
Koi solution h to btae jisse approve ho jae card
What is this orator's name? She is very cute!!!
Thank you for the kind words! 😊 However, we don’t disclose names on this platform. Appreciate your support
Non metro mein bangalore, pune , ahmedabad , hyderabad aur na jaane kitne bade bade cities jinko aaj se 10 saal pehle hi metro ghoshit kar dena chahiye tha
Main to sirf Iski cuteness dekhne aata hoooon.. 😊
New cradit card 1 month or 5 month ko band kar dey or new cradit card utni hi limit ka mil jaye . Mein 2 cradit band kiye or dono ko milakar 70000 rs hue or new card mil 73000 limit ke sath to mere cibil par kiya effect hoga please 🙏 give me answer. Thank u
2 credit cards band karne aur nayi card utni hi limit ke sath lene se aapke credit score par thoda short-term impact ho sakta hai. Ye is wajah se hota hai kyunki purane accounts band karne se aapki credit history ka length kam ho sakti hai aur credit utilization ratio temporarily badh sakta hai. Lekin, agar aap apni nayi card ko responsibly manage karte hain, time par payment karte hain aur utilization low rakhte hain, toh impact minimal hoga. Apna credit score monitor karte rahiye taki wo healthy rahe!
Maine 3 card band kiye (combined limit ~1.3 lakh) aur ek card par limit badhi (1.25 lakh) aur mere score badh gaye. Comment check lar lo isi video par mera, poori detail mein likha hai.
Haan par woh card sabse purane nahi the (Axis card 1.8 yr purana hai aur ab bhi hai) woh sirf 7-8 mahine pehle liye they
Downgrade ya upgrade karte hai tho credit history change hogi kya?????
No. Because credit account same hi rayta he
Should we pay the Credit Card Bill, Before the Bill is Generated or After we get the Billed amount notification
Does that make any difference ❓️
if you are utilising >30 % of your credit limit then it is better to Pay before bill is generated. and if credit utilisatioln is very less then there not much diffenece of paying before and after bill ganaration ............but always pay total amount before due date.
@rbsfinanceyoutube
Thanks
Hi
I need help for applying axis Bank credit card.
I have multiple credit card with limit above 6 lakh, but I don't have any card of axis Bank. Issue is:
I had axis Bank card in 2018, and later when card got expired, I was not able to receive that card due to address change. Now if I try to apply for axis bank card, they always decline stating internal policy.
What can I do in this case
Visit any Axis bank and as RM Manager from Bank to get it done. they will help
How to nfc mobile in credit card
Interest rate calculation video Please
Ma'am agr hmm apne credit card ka bill generate hone se pehle hi payment krde toh kya hoga...like mera bill month ke 1st ko generate hota h or main 30th ko hi payment krdu toh
Now the data is reported twice a month
Agar aap apne credit card ka bill generate hone se pehle payment karte hain, toh aapke bill par koi effect nahi hoga, lekin aapka outstanding balance zero ho jayega aur aapka utilization ratio bhi low rahega. Jo data reporting hota hai, wo aapki payment date ke according update hota hai. Agar ab data do baar report ho raha hai, toh aapki payment ka impact 1st aur 15th ko dono hi samay reflect ho sakta hai, depending on the reporting cycle. Ye aapke credit score ko positive impact de sakta hai agar aap regularly apne payments time pe karte hain.
It means agr Mai kisi month 70% credit limit use krta hu and 1st ko bill generate hone se pehle 50% bill pay kr deta hu toh mera credit utilization 20% 😊 rhega joki main bill generate hone ke baad due period me pay krr dunga...Please answer ma'am #CardAcademy✨️
@@PratyushBhardwaj-dw1dm sahi hai
❤❤❤
One more query... Agr Mai kisi month 70% credit limit
use krta hu and 1st ko bill generate hone se
pehle 50% bill pay kr deta hu toh mera credit
utilization 20% rhega joki main bill
generate hone ke baad due period me pay
krr dunga... And also it doesn't affect my credit scrore
#CardAcademy✨️
70% ka use karne par us ka 50% toh 35% of card hoga na, 20% of card nahi.
Aur haan, utilization utni hi aayegi jitni bill generation mein dikhegi. Main bhi aise hi karta hoon jab kabhi badi purchase ki hoti hai kisi aur ne mere card se, so that instant increase na dikhe
@issaognigga786 NHi nhi main total credit limit percentage ko leke hi Baat krr rha....
Mam early pay se bhe credit score down hota hai
@@PratikSaraswat who told u that depending upon the number of days u pay u get to enjoy extra credit days
@lokeshch706 mera down hua tha
@@PratikSaraswat ok isa mujhe nahi Hua if taht is te case reach out to ur bank customer care and credit bureau
Medam...acche khubsurat ho....but good job 🎉🎉
Jyada loan hone waloko HDFC Bank accha card and limit bhi offer karta hai
Mera 2 saal se score 780 k aaspas ghum rha hai timely payment karta hu or utilisation bhi under 5% rehta hai fir bhi mera score nahi badh rha hai
Same
i dont have HDFC Bank account can i take hdfc bank credit card my civil is 780
yes
Credit Card interest kaise Culkulate kaise hota hai
agar due date miss kr dete hai to heavy interest lagata hai , *_Rbsfinance_* pe maine example ke sath bataya hai
Bank of Baroda has hit my credit bureau 2 times without me applying for any loan /cc or any communication with BoB whatsoever. What should i do?
Reach out to ur bank customer care if not report to cibil score still no response reach out to banking ombudsman
Lodge a complaint with bob and the credit bureau
Right!
if no response is received, you can complain to rbi.
Apply any credit card from bio lifetime free 💳
So cute this girl ❤
Bakwas video