If you are erratic and irresponsible with your spending and cannot control yourself from spending, that doesn’t make credit cards a bad financial product. Learn to take some accountability for your actions. Stop blaming the world. 🥂
It is 💯 true, my roommates used my credit card behind my back and I was scammed. But, luckily I never used the Debit card after coming to Canada. I disputed the bank and I got the money back.
One thing to keep in mind from October 2022 in Canada, some Shops can legally take 1-3% as surcharge fee for Credit Cards. So, Check with them and use debit card to avoid the fee ( If the transaction amount is large) :)
It makes perfect sense to use financial products like credit cards wisely and earn points or cash back. This is a logical video on credit card usage for an International student.
Hey Piyush, you have know idea how much you motivates people 🫡 seen your many videos god bless you and coming to canada soon and hope if destiny works will cross our paths and obliged to meet you personally ☺️
Bro, I think you didn't provide complete information about credit cards usage for maintaining good credit score. It is helpful only when you paid 30- 35% of your limit monthly.
So, if someone has 1 credit card of 1k CAD, and only 300-350 CAD maximum is to be utilised, how are the other expenses going to happen? With debit card right!?
Hello Piyush, it's really nice to see your all videos. I have one question, can a student make two applications together for PR after his study like PNP and Express entry to IRCC
Hey piyush I want to to ask you something about Credit scores For example Like you said on thousand dollar 💳 credit limit if i spend 300 hundred dollars Than i pay off as soon as possible Atfer pay of can i use another 300 in that month?
Piyush this I understood about credit card But my question is the One day I used my credit card so I hv to wait till I get my credit card bill online or can I do this that as soon as I use my credit card after 3 day can I pay my money which I have used 3 days back Or I hv to wait till bill arrives from bank Let me know this
Hey piyush Can international students open their savings account along with their check in account in Canada (scotia or any other bank) ? If yes will it be better to save our money for our college fees in savings account than check in ?
I just keep it in one account. But technically yes you can open accounts with as many banks as you want as long as your legal status in Canada is valid.
@@PiyushCanada Out of $110 from PC card $100 must be due to sign up points I believe, otherwise regularly on monthly basis having $200 cash back is not possible..
@@KP-rc8bf Lol no. I used 100K signup bonus + 200k additional points last month to purchase my $300 air fryer. I really don't wanna argue. I understand that it might now be believable for you. :) Hint- think bigger. ;)
same here ..I am not here to argu as well..what I am trying to say on regular basis getting cash back around $200 is not possible even if you spend for family...I am with family of 3 living in Canada last 10 years and very much uses pc card on daily basis and scotia card offers 4% cash back on grocerries which is annually $120 per month..with my experience for the last 4 or 5 years saying this..Hint: if you spend crazy I have no comments ...
That’s respectable. I respect your opinion. And thank you for bringing your point of view forward. There can be more than one right answer to a question. ❤️🫶🏼
@@PiyushCanada bhai u mentioned its snowing "everywhere" in Canada but BC.. Calgary might have received snowfall but ontario hasnt.. but great work being done through ur videos bhai..
@@PiyushCanada i mean if we have one credit card of 1000$ we can only use 300$ (30percet) to maintain High credit score so if u have two credit card thats so different right and having more than one credit card also affect your credit score right can u explain me detail ?
You seriously need to know more about Credit cards and learn financial knowledge. Never i repeat never ever buy a liability on credits or emis. I would rather pay cash instead of taking loans and emis for cars, bikes or even other electronic gadgets because once you do that by credit your instantly into stress about how would you pay off your emis. About education or home loan those two are the only things one can go for because those are investments.
Thank you for your input. 1. Credit card is interest free for 20~ days 2. I clearly mentioned if you cannot buy it in cash, don’t buy on credit. 3. Paying with a credit card gets you an instant discount of 1-5% (cash back or points) 4. If one overspends, more than what they can afford (let it be on debit or credit or cash) they’re gaurenteed to be doomed.
I still don’t understand. Why would you pay interest on credit cards if you make payments on time? I am not asking to increase expenses, instead just switch payment method to credit card.
@@PiyushCanada and still my opinion remains the same. I would never ever suggest any students studying abroad to use credit cards till they have a financially secure job to do so.
@@divyeshpatel1539 U really need to learn finance , How things work , U have a uncle aunty mindset , From what u say , I can assume u like to be late on things . Cc is one of the best things , And no one gives a F about ur opinion cuz its bullshit , The benefits of CC is much more , And its safe compared to DC , FIRST GO ABROAD THEN TELL
Piyush bai can you suggest a motel that I can choose to stay in Kamloops for a month and find a room ,I am coming for jan intake. Secondly, can you also tell which airlines to choose to reach kamloops
Bro, I took air canada to reach kamloops. Motels are like 2-star hotels in terms of facilities so don’t expect much. Vista inn Ramada Days inn Rodeway inn Kings
Hi Piyush I am going to come to Canada soon on SOWP W-1 Visa, please recommend me a bank in which I can open an account to get maximum benefits (may that be on grocery, clothing, electronics) without depositing any amount in the bank account during opening it. And a seperate recommendation of a bank account, which can offer credit card during the account opening day itself.
@@PiyushCanada And 1 more question on this; What are your thoughts on BMO, RBC, TD banks who offer 300-350 cashback on opening an account with them. Any drawbacks compared to CIBC/Scotia
Hey ! Can a student after just landing in Canada can issue these two credit cards along with neo credit card ? Will it effect badly as multiple credit inquiries will take place to issue us that and that too when we are just new students ?
Dont do that. Use the one with GIC account for 6mo - 1 year. After that you can think about a second card. Anything more than 2 cards in student life is an OVERKILL.
Bro , just wanted a genuine advice is Canada still good for opportunities for students coming in 2023 in terms of Jobs and future ? Or we should could consider other countries?
![Twenty One Pilots - “The Line” (from Arcane Season 2) [Official Music Video]](http://i.ytimg.com/vi/E2Rj2gQAyPA/mqdefault.jpg)
If you are erratic and irresponsible with your spending and cannot control yourself from spending, that doesn’t make credit cards a bad financial product.
Learn to take some accountability for your actions. Stop blaming the world. 🥂
It is 💯 true, my roommates used my credit card behind my back and I was scammed. But, luckily I never used the Debit card after coming to Canada. I disputed the bank and I got the money back.
One thing to keep in mind from October 2022 in Canada, some Shops can legally take 1-3% as surcharge fee for Credit Cards. So, Check with them and use debit card to avoid the fee ( If the transaction amount is large) :)
💯
There are hundreds of youtubers but Whatever you say it directly goes into my mind... Thanks a lot for enlightening us...
It makes perfect sense to use financial products like credit cards wisely and earn points or cash back. This is a logical video on credit card usage for an International student.
I am a doctor starting residency in usa but still watch your videos cause the info is gold regardless of where you're located
Wow last point was a BANG! 💥 Most of the people cannot imagine this omg!
Unique video bro. I don't think anyone has made a similar video about this topic on youtube. Keep bringining this great content!
Thank you. Much appreciated. 🌹
Thank you piyush bhaiya ❤
Thank you for this wonderful information!!
Thanks. It was quite a useful video
Hey Piyush, you have know idea how much you motivates people 🫡 seen your many videos god bless you and coming to canada soon and hope if destiny works will cross our paths and obliged to meet you personally ☺️
All the very best for your future endeavours. Win big, win often. Cheers 🥂
Very excellent knowledge
Beautiful info Piyus ji.
thankyou for this information 👍
But isnt it said to use only 30 percent of credit limit to improve credit history
Bro, I think you didn't provide complete information about credit cards usage for maintaining good credit score. It is helpful only when you paid 30- 35% of your limit monthly.
❤🙌appreciated
hi piyush, when im going on the cibc site the conversation rate for cad to inr is showing 64 Rs , isn't it a bit too much
So, if someone has 1 credit card of 1k CAD, and only 300-350 CAD maximum is to be utilised, how are the other expenses going to happen?
With debit card right!?
I like it 👌🏻
Very informative video
Also make one detail video of using credit card, limits.. time frame and how to built good score.
Which is the best bank in Canada for new comers?
Hello Piyush, it's really nice to see your all videos. I have one question, can a student make two applications together for PR after his study like PNP and Express entry to IRCC
Yes
Which bank would u recommend for GIC according to ur experience..,Cibc or Scotia?
oof, do do baar welcome and welcome back to piyush canada 😂
🤣🌹
@kaku Arora - it's cold in Canada now 😀
8:40 this is best way to deal with fraud.
Bro u r good keep it up
0:23 No its not snowing here in Ottawa
Very lucky indeed
@@PiyushCanada Yep 😅 .... it was as hot as 21 degrees today.
Hey piyush I want to to ask you something about Credit scores
For example Like you said on thousand dollar 💳 credit limit if i spend 300 hundred dollars
Than i pay off as soon as possible
Atfer pay of can i use another 300 in that month?
Talk aboit some practicle credit cards for students besides the one they get from GIC account
I always try to use credit card, I wanna know can we pay our rent by using credit card, I always have to do e-transfer from my chequing.
Ask your landlord. Best
please im not indian idk hindi .. can someone explain what he is saying in breif ? atleast main points.. i will be coming for the TRU
Piyush this I understood about credit card
But my question is the
One day I used my credit card so I hv to wait till I get my credit card bill online or can I do this that as soon as I use my credit card after 3 day can I pay my money which I have used 3 days back
Or I hv to wait till bill arrives from bank
Let me know this
Please try to add a subtitle or speak in English, please!
Which card is best what about Cibc card and opening account in that bank pls tell
Which bank to use for gic cibc or scotia pls tell
Hey piyush
Can international students open their savings account along with their check in account in Canada (scotia or any other bank) ? If yes will it be better to save our money for our college fees in savings account than check in ?
I just keep it in one account. But technically yes you can open accounts with as many banks as you want as long as your legal status in Canada is valid.
your videos are great . do you have any suggestions for students from business background but want to pursue masters in business analytics?
What about CIBC credit card as student? And is there any charges and interest if we pay bill before deadline ?
If I bring smoothie blender and trimmer from india, will those work in canada?
Dude also which TRU uni i should choose there 2 2 locations,,, im so confused
Anyone here going for sep 2023 intake?
❤️❤️❤️
Bhai plz abbotsford bc ki video bana dain plz rent job transport etc
$200 to $300 worth of cash back per month is too much exaggeration for a bachelor or even family as well...
Just last month my credit from PCF card was 110$ and Scene Visa was 70$
@@PiyushCanada Out of $110 from PC card $100 must be due to sign up points I believe, otherwise regularly on monthly basis having $200 cash back is not possible..
@@KP-rc8bf Lol no. I used 100K signup bonus + 200k additional points last month to purchase my $300 air fryer. I really don't wanna argue. I understand that it might now be believable for you. :) Hint- think bigger. ;)
same here ..I am not here to argu as well..what I am trying to say on regular basis getting cash back around $200 is not possible even if you spend for family...I am with family of 3 living in Canada last 10 years and very much uses pc card on daily basis and scotia card offers 4% cash back on grocerries which is annually $120 per month..with my experience for the last 4 or 5 years saying this..Hint: if you spend crazy I have no comments ...
That’s respectable. I respect your opinion. And thank you for bringing your point of view forward. There can be more than one right answer to a question. ❤️🫶🏼
Bhai its not snowing anywhere here in canada still.. we are yet to see the first snowfall bhai.
Ye Calgary wale jhut bol rahe the lagta hai 🥲
@@PiyushCanada bhai u mentioned its snowing "everywhere" in Canada but BC.. Calgary might have received snowfall but ontario hasnt..
but great work being done through ur videos bhai..
Haha sorry bhai. And big thank you. 🌹
which one is good RBC or Scotia ??
as an international student
Simplii Financial GIC account How to open?
I have a video on how to open GIC
Dude but then having more than one credit card is complicated isn't?
Nope as long as you’re in your credit limits.
I have 2. And that’s enough for me.
@@PiyushCanada i mean if we have one credit card of 1000$ we can only use 300$ (30percet) to maintain High credit score so if u have two credit card thats so different right and having more than one credit card also affect your credit score right can u explain me detail ?
You seriously need to know more about Credit cards and learn financial knowledge. Never i repeat never ever buy a liability on credits or emis. I would rather pay cash instead of taking loans and emis for cars, bikes or even other electronic gadgets because once you do that by credit your instantly into stress about how would you pay off your emis. About education or home loan those two are the only things one can go for because those are investments.
Thank you for your input.
1. Credit card is interest free for 20~ days
2. I clearly mentioned if you cannot buy it in cash, don’t buy on credit.
3. Paying with a credit card gets you an instant discount of 1-5% (cash back or points)
4. If one overspends, more than what they can afford (let it be on debit or credit or cash) they’re gaurenteed to be doomed.
I still don’t understand. Why would you pay interest on credit cards if you make payments on time? I am not asking to increase expenses, instead just switch payment method to credit card.
@@PiyushCanada and still my opinion remains the same. I would never ever suggest any students studying abroad to use credit cards till they have a financially secure job to do so.
@@PiyushCanada Yes aap right ho , Responsible logo ke kaam ka hai CC , Inn orthodox mentality logo ka nahi ! ❤️
@@divyeshpatel1539 U really need to learn finance , How things work , U have a uncle aunty mindset , From what u say , I can assume u like to be late on things .
Cc is one of the best things , And no one gives a F about ur opinion cuz its bullshit , The benefits of CC is much more , And its safe compared to DC , FIRST GO ABROAD THEN TELL
Piyush bai can you suggest a motel that I can choose to stay in Kamloops for a month and find a room ,I am coming for jan intake. Secondly, can you also tell which airlines to choose to reach kamloops
Bro, I took air canada to reach kamloops.
Motels are like 2-star hotels in terms of facilities so don’t expect much.
Vista inn
Ramada
Days inn
Rodeway inn
Kings
Hi Piyush
I am going to come to Canada soon on SOWP W-1 Visa, please recommend me a bank in which I can open an account to get maximum benefits (may that be on grocery, clothing, electronics) without depositing any amount in the bank account during opening it.
And a seperate recommendation of a bank account, which can offer credit card during the account opening day itself.
Cibc / scotia
@@PiyushCanada And 1 more question on this;
What are your thoughts on BMO, RBC, TD banks who offer 300-350 cashback on opening an account with them. Any drawbacks compared to CIBC/Scotia
Do we need to use credit amount compulsory which can be availed on cards......
Is it necessary to use if extra credit money is not needed?
Nope.
Whatever your would normally spend just switch your payment method to credit card.
Don’t increase spending.
Piyush bhai ek video on PGD in finance at TRU pls...
January 2023. ✅
Bro what should a do now i had a CIBC Aventura card which is flight point card
Check if the points will convert to cashback if they don’t. Then fre e ticket to India in an year haha.
You didn’t mention the 30% spending rule for credit history..
Criminal
Please make a video on how can a student earn extra money
agar bhai hmm use he na kree tab b hame intest ja koi paisa dena pade ga
Koun si county me ho bro Canada me
Is neo credit card good?? Pl reply
Is it okay of I have 2 or 3 credit cards
Hey ! Can a student after just landing in Canada can issue these two credit cards along with neo credit card ? Will it effect badly as multiple credit inquiries will take place to issue us that and that too when we are just new students ?
Dont do that. Use the one with GIC account for 6mo - 1 year. After that you can think about a second card. Anything more than 2 cards in student life is an OVERKILL.
@@PiyushCanada why?
@@PiyushCanada you actually saved me this warning ...
Sudden sir fig fan
Bro i don't know if anyone has ever told you this. But you look a lot like Vicky kaushal.
Kya hall ha bhai
For some reasons be adding subtitles die non Indians... Please
Bro , just wanted a genuine advice is Canada still good for opportunities for students coming in 2023 in terms of Jobs and future ? Or we should could consider other countries?
100%
bhai where u live in canada
Kamloops
How much for the haircut?
$29 + $5 Tip 🫡
@@PiyushCanada fair enough i mean soni kudi ko kon na de
@@amandeepsingh7564 bruhh she's persian and very talented