Jaise Main Ek teacher hun Aur Main Apni profession Mein Chahe jitni bhi energy spend kar lun 15000 se upar Army nahin kar sakta abhi is Samay to ab aap bataiye main Kis Tarah Se energy spend Karun ki meri arning badh Jaaye aur Agar arning Nahin badh sakti to mujhe energy Kahin aur is friend karni padegi ₹ bachane ke liye
Tracking spending on credit cards is very difficult..you would need cash in hand to feel confident or peace of mind. In credit card you tend to overspend..you would not be able to build a good corpus in long term or any good investment..your mind will also be occupied in tracing your credit cards and reward points
Depends on your mindset. I have been using credit cards since I started earning 15 yrs ago. I don't think i have spent even 1 rupee extra bcos I have been using credit cards. I buy what I need and what I can. Medium of payment does not matter, but I try to maximize credit card usage.
See tracking to i believe jyada better hoti h, as it gives statement every month that you don't get with savings account, you have to manually pull it out kindof. But yes spending increase ho sakti h due to incentivization, but wo control ho sakti h, just have to get a sense of affordability.
Now most of Merchant is disabling particular UPI options to pay via RuPay credit card due to additional charges to the merchant. Merchants should not have access to disable this option.
All these are traps by credit card industry. He is talking about iPad, iPhone big expensive items. Instead you can buy it's counter part much less. 60k iPhone instead buy 15-20k phone. Invest 40k 😂 Thanks me later. p.s. Debt trap video
I am using my 3.5 yrs old iphone and still getting all software updates on time. Good luck getting timely security updates on your 15k phone after 3 yrs.
@@aj5180 tbh not many people care about software updates/security updates, 90% of Indians don't even know what those are. So, just by saying that apple doesn't become superior to android. And matter of fact I'm also using an android phone it's been almost 4 years without any problem. I also am not against cc and I think they are pretty useful if used right.
@@bibekdebbarma. I dont have anything against android. Apple is not superior to android phones of comparable price. In my experience sub 20k phones after 3 years become painstakingly slow or some or the other component fails. Totally agree with you that 90% people dont care about security. I am totally pro CC. I have 12 active credit cards.
सर,मैंने पिछले सितम्बर से एक रूपया भी नकद(cash) खर्च नही किया है।सभी खर्चे card और UPI से ।भारत में शायद ऐसा कोई दूसरा व्यक्ति नही होगा।सर,जहाँ Digital payment स्वीकार नही किया जाता, वहाँ से मैं कुछ purchage नही करता हूँ।
One should use a credit card with careful monthly planning and have the self-control not to spend more than necessary. If we lack self-control in spending, it's better to use only a debit card. I am getting 2.5% cashback overall, which I am happy with. I pay my credit card bills as soon as I receive my salary and never let the bills become overdue.
Which credit card are you using ? Can you recommend a good card for grocery shopping (Mostly Big Basket and Flikart grocery), Amazon, Flipkart, and Uber. I also want domestic airport lounge access. Preferably a credit card with no or very low annual fees.
Guys be cautious, you also have to make your income somewhere inline during the year, above a certain limit CC company report it to IT authority and when you file your ITR at year end it displays on your PAN. So if you show your income significantly lower then your CC expense then there are high chances that you will get IT Notice. So beware and dont fall for this traps.
Yearly Min Rs. 10,000/- earn from Credit card and now last month I add Airtel Axis master CC so it will more for this year. I use Excel for tracking, 70% Expences on CC and Love this video aur thoda bada hona chahiye tha video. Thank For valuable Info. ❤
Credit card never convert amount EMI , then after you have to pay interest @ 42% If you miss any EMI, late penalty is Rs 1300 plus 18%GST It is complete Trap
Credit card is a biggest Trap in Indian community, without credit card a middle class person bought a mobile phone of 20k to 30k but when he get a credit card and when bbd sale shows him no cost emi in card plus instant discount he bought 50k phone instead of his budget. Credit card make people spend more than usual. Reward tabhi milega jab kharcha karoge, aur sab reward ko hotel booking main use karoge tabhi aukad ke bahar ka hotel book karoge aur budget se bahar jake kharach karoge last debt trap main fasoge and suicide karoge
India is not the first country to introduce CC. Many developed countries had them in common 40 years ago. CC tends to increase consumption which booms the economy. More CC debt doesn't lead to an increase in suic*de instead they force people becoming more productive.
Aur airtel axis par 25% or max 250 rupees on reacharge by airtel thanks app 10% or max 250 rupees on utility bill by airtel thanks app aisi aur be condition hai yae kaun batayega mere bhai
So how many credit cards to have in total 1 for journey 1 for food 1 for mobile recharge 1 for taxation 1 for online shopping 1 for fuel jitne category utne card , and all cards ke yearly charges bhi use kaaro ya naa karo😅
Credit in financial terms means borrowing money. One should not live his/her day today life on credit. Be mindful that it is very difficult to manage/control spending using credit card, bcs that does not reflect your money (your bank balance), and thus you will end up spending beyond your means. Your money actually is what your debit card balance shows, and thus you should spend keeping the debit card balance in mind. Please avoid credit card as much as you can. Thanks. This video actually promotes credit cards, which I as a middle class do not advocate. Please use your own brains and stop falling prey to credit cards.
Rupay card pe merchant ko 2% charges dene padte hai. That's why most of the merchants are not accepting Rupay cards for UPI payments. Jo merchants accept kar rahe hai unko abhi pata nahi ki 2% charges dena padega.
There is no hard and fast rule of 30 percent max expenditure on credit card. That's said so because if you spend more, say 50 or 80 percent, then credit card company thinks that you are living more on credit which may be detrimental to bank if someday you couldn't pay the bill.. . But that is not of much difference if you are paying bill always on time.. I have even used once 60 percent of 460000 of limit to buy my bike.. And didn't make any difference to my CIBIL..
Okay so lot of bogus info here. HSBC cashback does give 10% but upto 1k Rs per billing cycle. Like literally wtf. Swiggy HDFC gives more -1500. You can use in addition probably. Secondly American expresss that he said gives 50% off has a joining fee of 60k and per month limit of 5k. Lol.
Credit card ahould only be kept with very small expenses which you orherwise would anyways do. Credit cards are good for bad time if you need money urgently
Just like any other firld uaing credit card discipline and accountability. I use cards to get free flights and hotel stays and I am surprised people do t k ow this and its even a topic for podcast. Its free i fo already available.
Cashback on credit card will be received on the credit card account right? So we can use this cashback only to offset against the next credit card bill.
क्रेडिट कार्ड का मजा तब है जब उतने का ही खरीदो जितना खरीदना है लेकिन क्रेडिट कार्ड की वजह से 30 की जगह 50 हजार की चीज खरीद कर 20000 का डिस्काउंट लेकर अपने आप को समझदार समझना बेवकूफी है
This will lend you to debt trap, doesn't matter what he says, also, there is no where the Host confirmed whether they verified statement of the speaker to validate what he is saying. Here i'm not asking reader/viewer to avoid using credit cards, its a very good tool. but not for spending for stupid reasons and thinking i will earn more than I spend via rewards. it doesnt work like this in longer run,
Jaise Main Ek teacher hun Aur Main Apni profession Mein Chahe jitni bhi energy spend kar lun 15000 se upar Army nahin kar sakta abhi is Samay to ab aap bataiye main Kis Tarah Se energy spend Karun ki meri arning badh Jaaye aur Agar arning Nahin badh sakti to mujhe energy Kahin aur is friend karni padegi ₹ bachane ke liye
DEFINE A MIDDLE CLASS , HOW MUCH INCOME WILL DEFINE A MIDDLE CLASS???????? GUEST SPEAKER SPENDS THE AMOUNT WHICH 1 OUT OF 1000 PERSON WOULD THINK TO SPEND
1000 rs nahi 1180 rs fees hai cashback card ki , aur ek mahine me 2 lakh kaun kharcha karta hai bhai ?? Kyunki aapka kehna hai ki ek mahine me fees recover ho jayegi aur recover k liye 2 lakh kharcha karna hai per year
You totally forgot to mention one return that we get. While we are doing our monthly expenses on credit card, our salary is sitting in the bank account earning 3-4% interest rate p.a
@@sushil2kashyap तुम क्या देख रहे हो फिर वीडियो में ? क्रेडिट कार्ड उनके लिए है जिनके पास पैसा है फिर भी क्रेडिट कार्ड का यूज करते हैं उनके लिए नहीं जिनके पास पैसा नहीं है
In reality :
Before credit card monthly expenses : 5000 as student
After credit card : 10000 - 15000 😂
Yes. this is not only for student,it is for everyone.
Now government track all your credit card expenses.... So be carefull.
@@aloknayakofficial then anything happened bro ?
@@suhasshinde7086 yes but in this social media time self discipline is very hard to manage for self growth
This much energy if we spend on income generation is good..If people can manage multiple things they can take
Depends on mindsets
Jaise Main Ek teacher hun Aur Main Apni profession Mein Chahe jitni bhi energy spend kar lun 15000 se upar Army nahin kar sakta abhi is Samay to ab aap bataiye main Kis Tarah Se energy spend Karun ki meri arning badh Jaaye aur Agar arning Nahin badh sakti to mujhe energy Kahin aur is friend karni padegi ₹ bachane ke liye
Tracking spending on credit cards is very difficult..you would need cash in hand to feel confident or peace of mind. In credit card you tend to overspend..you would not be able to build a good corpus in long term or any good investment..your mind will also be occupied in tracing your credit cards and reward points
BS
Damm true bro
Depends on your mindset. I have been using credit cards since I started earning 15 yrs ago. I don't think i have spent even 1 rupee extra bcos I have been using credit cards. I buy what I need and what I can. Medium of payment does not matter, but I try to maximize credit card usage.
See tracking to i believe jyada better hoti h, as it gives statement every month that you don't get with savings account, you have to manually pull it out kindof. But yes spending increase ho sakti h due to incentivization, but wo control ho sakti h, just have to get a sense of affordability.
Now most of Merchant is disabling particular UPI options to pay via RuPay credit card due to additional charges to the merchant. Merchants should not have access to disable this option.
when you pay above 2k , then they gotta face the charges otherwise its considered as normal payment and the charge is appx. 1-2% of the transaction
All these are traps by credit card industry. He is talking about iPad, iPhone big expensive items. Instead you can buy it's counter part much less.
60k iPhone instead buy 15-20k phone.
Invest 40k 😂
Thanks me later.
p.s. Debt trap video
But, one can use a credit card to purchase a 15k phone...his logic holds...even for a cheaper alternative
I am using my 3.5 yrs old iphone and still getting all software updates on time. Good luck getting timely security updates on your 15k phone after 3 yrs.
@@aj5180 I can buy latest Android phone every 3.5 yr with interest amount only 😁
@@aj5180 tbh not many people care about software updates/security updates, 90% of Indians don't even know what those are. So, just by saying that apple doesn't become superior to android. And matter of fact I'm also using an android phone it's been almost 4 years without any problem. I also am not against cc and I think they are pretty useful if used right.
@@bibekdebbarma. I dont have anything against android. Apple is not superior to android phones of comparable price. In my experience sub 20k phones after 3 years become painstakingly slow or some or the other component fails. Totally agree with you that 90% people dont care about security. I am totally pro CC. I have 12 active credit cards.
Where is the PDF which you mentioned in the video?
सर,मैंने पिछले सितम्बर से एक रूपया भी नकद(cash) खर्च नही किया है।सभी खर्चे card और UPI से ।भारत में शायद ऐसा कोई दूसरा व्यक्ति नही होगा।सर,जहाँ Digital payment स्वीकार नही किया जाता, वहाँ से मैं कुछ purchage नही करता हूँ।
There are 1000s who dont use cash. I have not made cash payments for 2-3 yrs now.
Sometimes few products you’ll get for cheaper price if you pay cash.
One should use a credit card with careful monthly planning and have the self-control not to spend more than necessary. If we lack self-control in spending, it's better to use only a debit card. I am getting 2.5% cashback overall, which I am happy with. I pay my credit card bills as soon as I receive my salary and never let the bills become overdue.
Which credit card are you using ? Can you recommend a good card for grocery shopping (Mostly Big Basket and Flikart grocery), Amazon, Flipkart, and Uber. I also want domestic airport lounge access. Preferably a credit card with no or very low annual fees.
Hi, I live in dubai.
Guys be cautious, you also have to make your income somewhere inline during the year, above a certain limit CC company report it to IT authority and when you file your ITR at year end it displays on your PAN. So if you show your income significantly lower then your CC expense then there are high chances that you will get IT Notice. So beware and dont fall for this traps.
Pdf notes ka links description me nhi h, sir link kaha se milega, thanks for your efforts lot's of love ❣️ ❤❤
@indmoney pls attach pdf
Very useful podcast on credit cards. Coz it's very practical than many other channels' podcasts
Yearly Min Rs. 10,000/- earn from Credit card and now last month I add Airtel Axis master CC so it will more for this year. I use Excel for tracking, 70% Expences on CC and Love this video aur thoda bada hona chahiye tha video. Thank For valuable Info. ❤
4:00 indusind rupay gives 0.7% cashback/valueback. I use it for upi payments
Why IndMoney doesn't have option to pay bills of SBI Rupay card???
Can't find the PDF that you guys mentioned. where can I find it?
How do you carry All the cards with you, when you go out ? 😊
Return on spending (ROS)😂😂
Grateful ❤
Credit card never convert amount EMI , then after you have to pay interest @ 42%
If you miss any EMI, late penalty is Rs 1300 plus 18%GST
It is complete Trap
Credit card is a biggest Trap in Indian community, without credit card a middle class person bought a mobile phone of 20k to 30k but when he get a credit card and when bbd sale shows him no cost emi in card plus instant discount he bought 50k phone instead of his budget. Credit card make people spend more than usual. Reward tabhi milega jab kharcha karoge, aur sab reward ko hotel booking main use karoge tabhi aukad ke bahar ka hotel book karoge aur budget se bahar jake kharach karoge last debt trap main fasoge and suicide karoge
बात सही है लेकिन उतने का ही खरीदो जितने का खरीदना है
India is not the first country to introduce CC. Many developed countries had them in common 40 years ago.
CC tends to increase consumption which booms the economy. More CC debt doesn't lead to an increase in suic*de instead they force people becoming more productive.
Which card is good for utility bills?
Airtel Axis credit card
Aur airtel axis par
25% or max 250 rupees on reacharge by airtel thanks app
10% or max 250 rupees on utility bill by airtel thanks app aisi aur be condition hai yae kaun batayega mere bhai
Where is the PDF ?
I m managing 6 cards for different types of spending like
Petrol
Food
Movie
Online shopping
Eye opener, great value content. Could you please share the PDF document in the description as said in the podcast.
Use credit card but be ready to pay interest yes it’s beneficial I am using it
So how many credit cards to have in total 1 for journey 1 for food 1 for mobile recharge 1 for taxation 1 for online shopping 1 for fuel jitne category utne card , and all cards ke yearly charges bhi use kaaro ya naa karo😅
Sahi istemal se credit card is very good.
Credit in financial terms means borrowing money. One should not live his/her day today life on credit. Be mindful that it is very difficult to manage/control spending using credit card, bcs that does not reflect your money (your bank balance), and thus you will end up spending beyond your means. Your money actually is what your debit card balance shows, and thus you should spend keeping the debit card balance in mind. Please avoid credit card as much as you can. Thanks. This video actually promotes credit cards, which I as a middle class do not advocate. Please use your own brains and stop falling prey to credit cards.
Got the IndusInd rupay card, love it!
Please add the PDF link in description!
I am using credit card since 2009
what is ur credit score
Rupay card pe merchant ko 2% charges dene padte hai. That's why most of the merchants are not accepting Rupay cards for UPI payments. Jo merchants accept kar rahe hai unko abhi pata nahi ki 2% charges dena padega.
Ye bhi btao na ki jitni income hai usse kam spend karna hai aur and jitni limit hai uska 30% max spend hota hai for better CIBIL
There is no hard and fast rule of 30 percent max expenditure on credit card. That's said so because if you spend more, say 50 or 80 percent, then credit card company thinks that you are living more on credit which may be detrimental to bank if someday you couldn't pay the bill..
.
But that is not of much difference if you are paying bill always on time.. I have even used once 60 percent of 460000 of limit to buy my bike.. And didn't make any difference to my CIBIL..
Khayali pulao Jo kabhi sach ni ho sakta
22:50
Sab QR code pe nahi hota rupay credit card se payment marchant off karke rakhte hai..
Sending this video to Income Tax, Income Tax department will surely ask your Income.
Okay so lot of bogus info here. HSBC cashback does give 10% but upto 1k Rs per billing cycle. Like literally wtf. Swiggy HDFC gives more -1500. You can use in addition probably. Secondly American expresss that he said gives 50% off has a joining fee of 60k and per month limit of 5k. Lol.
Good information. ! Could not find the PDF. Can you please share it.
Credit card ahould only be kept with very small expenses which you orherwise would anyways do. Credit cards are good for bad time if you need money urgently
Just like any other firld uaing credit card discipline and accountability. I use cards to get free flights and hotel stays and I am surprised people do t k ow this and its even a topic for podcast. Its free i fo already available.
He is so happy with his cards
Thanks for content sir 😁😄😄😺🙂🐱🐱
Rupay credit cards work only for Merchant QR not our normal payments
Bhai abhi abhi baniyagiri me aaya h, Baniyo k blood me day 1 se hota h ye sab
Good Information Brother
Where is that pdf for credit card information??
Sir
Can you explain with complete analysis regarding investment nps category 2 i.e hdfc pension fund and normal sip hdfc mutual fund
Cashback on credit card will be received on the credit card account right? So we can use this cashback only to offset against the next credit card bill.
250 max h axis Airtel recharge p😅
क्रेडिट कार्ड का मजा तब है जब उतने का ही खरीदो जितना खरीदना है
लेकिन क्रेडिट कार्ड की वजह से 30 की जगह 50 हजार की चीज खरीद कर 20000 का डिस्काउंट लेकर अपने आप को समझदार समझना बेवकूफी है
Is the fact that it should be how many and not how much credit cards bothering anyone else?
Hats off buddy
Bhai cashback only online milta hai per itna need kisko hai jo spends krega aur kisi aur ko spend krne ko doge toh lanka laga dega
This person is advising peopls to spend more.
And ultimately get trapped in debt trapped.
He is not advising to spend more. He is telling you to shift your cash spends to credit card.
U can track credit card on CRED application
What is this tracker?
Credit card companies are spending to guide people to use CC
Ye log indian society k bahar baat kar rahe. Sirf Delhi society or class ka public ka soch kar chat show kar rahe. Time waste
This will lend you to debt trap, doesn't matter what he says, also, there is no where the Host confirmed whether they verified statement of the speaker to validate what he is saying. Here i'm not asking reader/viewer to avoid using credit cards, its a very good tool. but not for spending for stupid reasons and thinking i will earn more than I spend via rewards. it doesnt work like this in longer run,
Bhai you must give best credit card for Middle class...Please reply
Know the rules before u play the game!!!
Rule 1. Always pay ur cc bill before due date
Rule 2. Never forget rule 1
Meximum shopkeepers blocked payment by rupee credit card😰
Provoking check youself
Jaise Main Ek teacher hun Aur Main Apni profession Mein Chahe jitni bhi energy spend kar lun 15000 se upar Army nahin kar sakta abhi is Samay to ab aap bataiye main Kis Tarah Se energy spend Karun ki meri arning badh Jaaye aur Agar arning Nahin badh sakti to mujhe energy Kahin aur is friend karni padegi ₹ bachane ke liye
Cashback and cashpoint are synonym???
Credit Card jyada use krne se incometax ka issue nhi hoga kya ? AIS me heavy transaction dikhega uska kya ?
Good
Auto wale ke account mein jab credit card se jayega to kam jaayega than actual amount you discussed. Thode paison ke liye maar peet karenge kya?
Mat suno inki. Very difficult to manage cards
Bhai tum nahi kar pare, to koi nahi kar paega kya?
@@NitinYadav-kg5uf aap kar lo.
DEFINE A MIDDLE CLASS , HOW MUCH INCOME WILL DEFINE A MIDDLE CLASS???????? GUEST SPEAKER SPENDS THE AMOUNT WHICH 1 OUT OF 1000 PERSON WOULD THINK TO SPEND
please share your excel tracker sheet..
There are no pdf on discription
I agree
Are bhai sale tax Kitna deta hai be income tax bulaun kya
Wrong information given
If 30000 is spent 2% k hisab se 600
Whereas the spokesman says 2% of 30000 is 7000 something.
Bhai 600×12 hai 😅
merchant avoid payment via CC, due to 1.99% charges
individual person ki phone pay mein rupay nahi chalta
PDF kaha hai?
Jo laptop buy kara kya uski zarurat thi yeh bhi question puchna chahiye tha
Where is pdf?
Where is pdf?
Can anyone name
Induslanf Card
Tata nue which version?
Tata neu infinity offers 1.5 cashback on upi spends too
Pdf???
1 lakh se upper salary lene wala middle calss😂
😂😂😂
तुम्हारे लिए 1 लाख बहुत बड़ी बात होगी
30 लाख सालाना कमाने वाला भी मिडिल क्लास में आता है
PDF kidhr he bhai
Very exaggerated video
1000 rs nahi 1180 rs fees hai cashback card ki , aur ek mahine me 2 lakh kaun kharcha karta hai bhai ?? Kyunki aapka kehna hai ki ek mahine me fees recover ho jayegi aur recover k liye 2 lakh kharcha karna hai per year
You only need to spend 23600 Rs in a month to recover entire 1000+18% Gst
Maths kar bc, 20,000 chahiye bas per month
Mere pass 15 h
Phir sabhi ka bill payment karne ki date yaad rakho. Aur galti se chuk gaye to heavy panelty pay karo.
That's why we need Trackers
Ihe Middle class, Yearly 10 lakhs spends karta hai 🤣🤣🤣🤣
मिडिल क्लास की रेंज पता करो जाकर
Barbadi wala kam hai
You totally forgot to mention one return that we get.
While we are doing our monthly expenses on credit card, our salary is sitting in the bank account earning 3-4% interest rate p.a
Sir neeraj arora CA ko le aiye
Totally non required podcast for very irrelevant cause. Please review subject of discussion.
🙏👍🙏
Credit Card is always Big NO NO...
Lol
Credit card use krna aana chaiye
@@SanjeevAggarwal-b5i Aapko aati hai to well and good... But I don't prefer Udhar ki zindagi
@@sushil2kashyap bro M too 3 year sey use kr rha hu.... & credit card sey paise bhi earn krta hu...... Bs shi sey use krna aana chaiye......
@@sushil2kashyap
तुम क्या देख रहे हो फिर वीडियो में
? क्रेडिट कार्ड उनके लिए है जिनके पास पैसा है फिर भी क्रेडिट कार्ड का यूज करते हैं
उनके लिए नहीं जिनके पास पैसा नहीं है
Gigl voice
Useless