Thanks dear. You are the youngest one who have explained this frauds to the point and very very very easy way . But why the govt. Is not stopping or properly controlling this as bank will earn in limits and people will also not get cheated.??? Bottom liine is it's big money trap . An unethical business sorry not business it's only frauds, loots or white robbery. Thanks God bless you. Janseva hi deshseva hai... ❤you deserve, keep it up. Jago India Jago
HDFC net Interest margin is in pressure which is essentially the interest it earns on its balances. SBI says its revolve rate dropped from 40% to 24%. So yes, less people revolving means low profitability.
12:27 - मेरे पास भी 4 कार्ड थे, और जब 5-6 बार मुझको इसी वजह से पनेल्टी लग जाती थी क्योंकि मैं बिल भुगतान तारीख भूल जाता था । बाद में इस झंझट से बचने के लिए मैंने सभी कार्ड बंद कर केवल एक कार्ड ही रखा और जो कार्ड बंद किए उसके लिए No Dues Certificate ले लिया गया । 13:30 - मैंने देखा है कि क्रेडिट कार्ड होने से खर्चा बड़ जाता है, ये साइकॉलजी (false sense of spending) है ।
Cash handling is dangerous as well as inconvenient. Government is promoting digital means and you are taking the clock backwards. Instead, teach people to use digital means to pay, and remain discreet on spends. Yes, they can surely use UPI and debit cards, if they aren’t comfortable with credit cards.
If you can not control your spending and you are blowing past your budget each month, thats far more dangerous as that can set you up on a path of debt trap. The solution is to introduce friction between wanting something and actually spending money on it. From a fraud perspective, Credit Cards are much safer than both UPI and debit cards as credit cards give you an option to dispute the transaction if you think its fraud. Credit Card company acts on it as well as technically its their money and not yours. The video is around the economics of credit card rewards - hope it made sense.
Arrre bhai, betaa aap ne to puraa nangaa sach bol diyaa. 👌👌👌👌👌👌👌👌👌 Yaa to aap RUclips par naye naye ho yaa to aap ko koi kisiki parvaa nahi hai issi liye itni khulli baat bol di.👍👍👍
I agree to disagree. If you don't understand the product, don't use it. But, saying to use cash for all transactions is just unrealistic. Also, for your use case, you can setup auto-debit for credit card payment, forget about paying manually.
Thanks for constructive feedback. I totally agree that if you dont understand the product, dont use it. This video is an attempt to explain the business model of credit cards and the only way to make money in it is to ensure a percentage of people don’t understand this very product. The people who understand this product are subsidised by the very people who don’t. On the cash part, if you are financially disciplined, use credit cards, i absolutely recommend it - you should see my cibil score video to know how many cards i have :) Buttttt, if you are someone who has a problem with saving money, credit cards are an absolute disaster. Cash helps introduce the psychological friction, reducing of which is the core proposition of credit cards. On my case, i wish i could set up auto payments. Axis cards dont allow auto debit unless you have axis savings account which is absurd. I infact cancelled my axis credit card due to this very fact. Its just very annoying to manually make payments. Btw, really liking the fact that this video is inviting some intelligent comments :)
@@InsightsByApoorv I don't own any axis cards, so pardon my ignorance. However, would love to see a video on your card portfolio and how you use them. cheers and you have a new sub!
Credit card has the word “credit” in it. It is essentially a loan. To agar poora paisa vapas nhi kiya to baaki amount pe interest to lagega hi na. Yehi to product hai.
its been more than 1 month since i started using credit card and I'm still using it as a debit card and i really hope that I'll use it that way in the future too
Mereko kya hai, main sirf wohi purchases karta hun jiska paisa already mere paas hota hai. Amazon pay icici se tickets wagera book karta hun, kyunki prime hai, toh 5% return mil jata hai, 2023 se ab tak 5k cashback mila hai, more than discount offered by other apps. So I'm good. Either way, here I learned how the cards make money, thank you.
आपको एक विडियो इस पर बनाना चाहिए कि केवल और यदि हम AXIS बैंक कि ही बात करे तो उसके खजाने में करीब 20 कार्ड है जबकि वो 2-4 भी रख सकता है । क्या ये केवल भ्रम पैदा करने के लिए ऐसा किया गया है ? और ऐसा लगभग सभी बैंक करते है ।
Saal nikal gaye.... chizen badal ayi...vo content thoda boring hone laga tha plus office life hectiv hone lagi thi... But Thank you for your support :)
Processing Fees...And usually on No COst Emi,Merchant offer none to less discount...From experience...Eg for No cost Emi of ICICI,they'll charge Processing fees of 199+GST... And most of the times,if u opt for No cost EMI,You'll not get any reward points..Say ,u choose a product worth 10000 from icici amazon pay credit card ..If u choose NO cost emi,u'll end up paying around 218 Rs as processing Charges but u'll not get 5% cashback ...Correct me if im wrong
There are quite a lot misassumptions in this video. Few can be noticed without even paying attention to the video. Try to make assumptions from both the sides which satisfies the situation well.
basically the people who are not using the credit card are actually the one who is paying for those rewards points .. someone explained it in a youtube short and this guy confuses the shit out of me!!!!
This is about the economics of credit card rewards… credit card rewards are not entirely subsidized by the non credit card users… its majorly susidized by the interest payers
Correct. Rupay charges lower charges than visa and mastercard but consequently offers lower rewards as well. Could be an interesting topic for some day.
Here the idea is to tell the economic model for credit cards. Even with the 5% cashback, a credit card can and does make money. What are the “improper facts” here? Please elaborate
Thanks dear. You are the youngest one who have explained this frauds to the point and very very very easy way .
But why the govt. Is not stopping or properly controlling this as bank will earn in limits and people will also not get cheated.???
Bottom liine is it's big money trap . An unethical business sorry not business it's only frauds, loots or white robbery.
Thanks God bless you.
Janseva hi deshseva hai... ❤you deserve, keep it up.
Jago India Jago
More and more people are now paying their bills on time and this is leading to loss of income for banks, and devaluation of credit cards.
HDFC net Interest margin is in pressure which is essentially the interest it earns on its balances. SBI says its revolve rate dropped from 40% to 24%. So yes, less people revolving means low profitability.
12:27 - मेरे पास भी 4 कार्ड थे, और जब 5-6 बार मुझको इसी वजह से पनेल्टी लग जाती थी क्योंकि मैं बिल भुगतान तारीख भूल जाता था । बाद में इस झंझट से बचने के लिए मैंने सभी कार्ड बंद कर केवल एक कार्ड ही रखा और जो कार्ड बंद किए उसके लिए No Dues Certificate ले लिया गया ।
13:30 - मैंने देखा है कि क्रेडिट कार्ड होने से खर्चा बड़ जाता है, ये साइकॉलजी (false sense of spending) है ।
Sometimes, merchants charge the handling charges from the cardholder towards the payment from credit cards.
Well described secret fundas of credit cards. Please keep educating and alerting about finance .
Thank you !
Your content is awesome.. Just subscribed❤
Cash handling is dangerous as well as inconvenient. Government is promoting digital means and you are taking the clock backwards. Instead, teach people to use digital means to pay, and remain discreet on spends. Yes, they can surely use UPI and debit cards, if they aren’t comfortable with credit cards.
If you can not control your spending and you are blowing past your budget each month, thats far more dangerous as that can set you up on a path of debt trap. The solution is to introduce friction between wanting something and actually spending money on it. From a fraud perspective, Credit Cards are much safer than both UPI and debit cards as credit cards give you an option to dispute the transaction if you think its fraud. Credit Card company acts on it as well as technically its their money and not yours. The video is around the economics of credit card rewards - hope it made sense.
Arrre bhai, betaa aap ne to puraa nangaa sach bol diyaa.
👌👌👌👌👌👌👌👌👌
Yaa to aap RUclips par naye naye ho yaa to aap ko koi kisiki parvaa nahi hai issi liye itni khulli baat bol di.👍👍👍
I think 13:45 is best advise for money
I agree to disagree. If you don't understand the product, don't use it. But, saying to use cash for all transactions is just unrealistic. Also, for your use case, you can setup auto-debit for credit card payment, forget about paying manually.
Thanks for constructive feedback.
I totally agree that if you dont understand the product, dont use it. This video is an attempt to explain the business model of credit cards and the only way to make money in it is to ensure a percentage of people don’t understand this very product. The people who understand this product are subsidised by the very people who don’t.
On the cash part, if you are financially disciplined, use credit cards, i absolutely recommend it - you should see my cibil score video to know how many cards i have :) Buttttt, if you are someone who has a problem with saving money, credit cards are an absolute disaster. Cash helps introduce the psychological friction, reducing of which is the core proposition of credit cards.
On my case, i wish i could set up auto payments. Axis cards dont allow auto debit unless you have axis savings account which is absurd. I infact cancelled my axis credit card due to this very fact. Its just very annoying to manually make payments.
Btw, really liking the fact that this video is inviting some intelligent comments :)
@@InsightsByApoorv I don't own any axis cards, so pardon my ignorance. However, would love to see a video on your card portfolio and how you use them. cheers and you have a new sub!
Most underratted channel
Keep it up bro🎉🎉
Thank you so much 🙏
Minimum pay in credit card is also scam .. Baki amount pe 4% finance charges lga dete…
Credit card has the word “credit” in it. It is essentially a loan. To agar poora paisa vapas nhi kiya to baaki amount pe interest to lagega hi na. Yehi to product hai.
Your very underrated bro , wish you good luck❤
bhai aaj phli baar aapka video dekha aur turant channel subscribe kiya .
share bhi krunga
its been more than 1 month since i started using credit card and I'm still using it as a debit card and i really hope that I'll use it that way in the future too
Thanks for sharing financial knowledge 😊❤
Haters will say that this is copied from @thenewyorktimes
ruclips.net/video/49OZIDqsksE/видео.htmlsi=H8BFYFv8QTr4Hfu3
Which editing tool are using bro?
Bro, you earned a subscriber beacause of your valuable content . Keep it up !!👍
Thank you 🙏
What did you like more? Content or editing or presentation?
Bro teri editing mast hai bhai maja agaya superb work
Thanks, do checkout newer videos as well!
भाई, मज़ा आ गया तुम्हारा वीडीयो देख के, समझाने का तरीका बहुत ही अच्छा है तुम्हारा 👍
Thank you :)
Mereko kya hai, main sirf wohi purchases karta hun jiska paisa already mere paas hota hai.
Amazon pay icici se tickets wagera book karta hun, kyunki prime hai, toh 5% return mil jata hai, 2023 se ab tak 5k cashback mila hai, more than discount offered by other apps.
So I'm good. Either way, here I learned how the cards make money, thank you.
This is the only right way to use a credit card - keep it up. Hopefully you understood the economics of how credit card makes money!
@@InsightsByApoorv I was drunk last night bro. Sorry.
Very informative video, keep it up.
Hahahaha
Drunk dial suna tha
Drunk text suna tha
Peheli baar drunk comment experience kiya
Just kidding! Have fun :)
समझाने का तरीका बहुत ही खूब है, क्रेडिट कार्ड के संदर्भ में अब तक का सबसे अच्छा टॉपिक।
Dhanyawaad :)
Bhot achhe se samjhaya👍👍hope you get more and more views
Thanks a lot🙌🏻
Credit cards are not for financially unwise people
Absolutely!!!
आपको एक विडियो इस पर बनाना चाहिए कि केवल और यदि हम AXIS बैंक कि ही बात करे तो उसके खजाने में करीब 20 कार्ड है जबकि वो 2-4 भी रख सकता है । क्या ये केवल भ्रम पैदा करने के लिए ऐसा किया गया है ? और ऐसा लगभग सभी बैंक करते है ।
Quality video man 🎉
Sir ek baat hai ki koi credit card say withdraw karta hai so kis chiz ka charge ayta hai ⁉️
kabhi bhi Credit Card ko ATM me daal ke cash withdraw mat karna because uspe Cash Advance Fee lagega aur uss cash amount pe interest bhi lag sakta hai
Credit card aap ke kharche mai 4 Guna increase kra dega ya isse bhi jada
yes
Bhai Jo ye Nehi janta tha, usko credit card use hi nehi karna chayiye. Credit card is only for high spend people.
Agreed,
But credit card makes money from people who are revolving! Unfortunately lot pf people dont understand this product well
Well Done 👍 Brother Your Content is Better Than any other youtubers 🎉❤
Thanks 🙏
What did you like most - editing or story or content?
@@InsightsByApoorv both
Bhai tum Kaha Khogaye the me tumhare old channel ka sub hu jab tum PC videos Banate the
Saal nikal gaye.... chizen badal ayi...vo content thoda boring hone laga tha plus office life hectiv hone lagi thi... But Thank you for your support :)
Sense to ye bhi h ki card se lele bill bhar do
Such to ye hai ki
Agr ek educated or samajhdaar trike se use krne wala ho to sb mst hai.
Bilkul, samagh ke use karna chahiye
Bro Consistency Banaye Rakhna aap bahut aage jaoge
Maine 3 videos dekhi Lagatar 🤘👊
Man what an editing 🔥 which app/software did you use? btw you gonna go a long way on youtube. Best wishes ❤
Thanks man!!!
Y do we need otp for UPI. Why don't you enable auto-pay.
Y don't u use net banking to pay.
I guess you are just dfar mongering...
You cannot set up autopay in axis bank credit cards if you don’t have axis bank savings account. This type of limitations exist across the board.
Plz make a video on no cost emi option. Is there any hidden charges?
Sure.
Btw yes there are!
Processing Fees...And usually on No COst Emi,Merchant offer none to less discount...From experience...Eg for No cost Emi of ICICI,they'll charge Processing fees of 199+GST...
And most of the times,if u opt for No cost EMI,You'll not get any reward points..Say ,u choose a product worth 10000 from icici amazon pay credit card ..If u choose NO cost emi,u'll end up paying around 218 Rs as processing Charges but u'll not get 5% cashback ...Correct me if im wrong
Bro great job 👏
Very good information with Good explanation 😃
Thanks a lot 😊
Mein toh soch Raha tha ki bas poltics mein politics hotu hau magar asli politics toh yaha ho rahi hai
Was shocked to see the number of subscribers after watching the whole video... You deserve more buddie...
Aapke muh me ghee shakkar
Thanks a lot bro :)
Bro try to make video or subtitiles in english since its pan india viewers every can be educated and video will be useful not a demand as a request 😊
Will try :)
Wonderful explanation!
Nice information
Thanks :)
There are quite a lot misassumptions in this video. Few can be noticed without even paying attention to the video. Try to make assumptions from both the sides which satisfies the situation well.
Please elaborate the misassumptions?
Meri Abhi Tak Ek Bhi Payment Late Ni Hui.
So It's Beneficial for me.
Yes!
Very thorough!
Thank you !!!
👍
basically the people who are not using the credit card are actually the one who is paying for those rewards points .. someone explained it in a youtube short
and this guy confuses the shit out of me!!!!
This is about the economics of credit card rewards… credit card rewards are not entirely subsidized by the non credit card users… its majorly susidized by the interest payers
Boss these things are already known for users
That's some good quality video
Thanks a lot 🙏
Very good explanation ❤
Thank you!
No elvish yadav harmed in this video 😅
Video thoda short mein samjhaye baki overall its good.
Feedback taken! Thanks!🙏
Great rewarding content.
Glad you think so!
Nice explanation
Thank you 🙏
Great information 🔥
Appreciate it! :)
I'm an un profitable customer to Bank 😎😅
Hahahaha yeah
Ab ek Indian service provider bhi hai - Rupay
Correct. Rupay charges lower charges than visa and mastercard but consequently offers lower rewards as well. Could be an interesting topic for some day.
mai bank ke liye unprofitable hai 😂
Hahahahah yes
Good night 😴
Auto debit on kar do
Yeah
Auto debit on rakhna chahiye agar possible ho to… btw spends phir bhi zada honge
bhai phli baat toh sbi cashback 5% sirf online trans. par deta hai, here trans. is offline.... and this video is full of improper knowledge and facts.
Here the idea is to tell the economic model for credit cards. Even with the 5% cashback, a credit card can and does make money. What are the “improper facts” here? Please elaborate
,👍👍
Thank you :)
Pahalae pata tha
He is giving wrong information. He doesn't know how card networks work. He is giving wrong flow of card networks.
Lol whats the right information??
2mins content 16mins video
Kisi ke liye iss content ki value 2 min ki hai
Kisi ke liye 10min ki aur kisi ke liye to 0 min ki :)
@@InsightsByApoorv didi k dimag ka threshold reach ho gaya
kyuki 2 mins ki video pe ads nhi aayega
ads nhi aayega to bechra apna 900 ki fees kese kamayega