Credit cards are not meant for 80% of people. There are always some catches. Credit cards are the most marketed product by banks. If you check every bank's revenue, you will see more than 60% of revenue is collected by credit card interest, annual fee, penalties, etc. You can talk to hundreds of crorepatis in India but no one will say they became crorepati by collecting credit card reward points but you will meet many people who will say credit card debts have destroyed them. If you use a credit card, you are always trying to cross those reward milestones by overspending. It's too much hassle to get a few thousand from credit card rewards and if anyone thinks 1-2k will change their lives then they have more significant money problems.
Well said. Credit card use is nearly as bad as taking a loan .. especially when you have the money...to buy stuff whose resale value is zero the moment it's in your hands... infinite depreciation. Stay within limits...and concentrate on making money.and buys appreciating assets..not spending on depreciating junk
Vaise i agree with u. Ye sab points mujhe samajh nai ata. To mai actual cashback jidhar milta h woh cards use krta hu. In that case amazon pay icici and axis ace fits in my priority.
I use SBI cashback card, it has 5% flat cashback on all online purchases. *All* online purchases, all websites, all apps. it has limit of 10000 max cashback per month, thats like 2,00,000 purchases every month, so basically it's an unlimited cashback card. No other card even comes close to the reward rate with this much convenience edit: so apparently cashback has been reduced to 5000 per month, that's still 1lac purchases, which is plenty enough. and cashback has been removed from certain purchase, so yes, in 6 months this card's benefits have decreased, so take this for what it's worth
@@Wasiffgaming786 But still cashback of Rs 5000 per month is more than enough. But it has stopped cashbacks on gold, utilities, insurance, govt institutions etc. It has also stopped lounge access.
As I belongs to middle class there is no use of Hotels and traveling. No use of lounge access. Also this whole process is complex. Cashback credit cards are worthy for me.
@@smitbaldha8778 Normally 1% surcharge hota hai. But special offers hote hai kuch cards pe, unme charges refund ho jaate hai. And payment poora nahi kiya to 3.5% monthly interest lagta hai.
I am carrying 5 credit cards- To suit my lifestyle rewards related to movies, flights and luxury hotels. I was carrying low reward credit cards and spent on them so that i became eligible for high reward cards like Axis Vistara Infinity, Axis Magnus, Amex Travel Platinum. Now, I am closing all low reward credit cards.
ICICI platinum chip card lifetime free dikha raha hai real me lifetime free hai ya 1/2 saal ke baad charge lagata hai please batayein kyuki aap ke suggetion pe ye card lena hai. Thank you.
In CC, the risk is more than the rewards, which is not good for anyone.. Only way to equalise them is improving your financial knowledge and management skills. If u miss one payment, due to lack of management, u can lose 1 or 2 year worth of rewards..
Namaste sir 🙏 Sir mere cloth ki shop hai or Mera SBI bank me account hai or muje ek business ke liye credit card Lena hai to me konsi bank ka credit card lu..
Lekin agar credit card me auto mode on hai, aur uske bad koi fraud hota hai credit card me to kya us auto mode ka use karke credit card company apna paisa hamare saving account se le legi???????
Please make a video on different types of credit card charges, deductions and insurance plans for card. Most of the people doesn't understand the charges. And at last ,pay higher amount instead their spend.
SBI Credit card deducts Reward Points from my accumulated balance at any time without informing me. When I reach out to them, SBI card states that I have used my card on a transaction with a discount/offer and hence they deducted the Reward Points earned. No list of such transactions or how much reward points they have deducted, is shared with me.
Absolutely best h...10K ki fd kara lo or time pe bill payments kro bht jldi badhta h cibil score... mujhe one card ke wajah se hi Amzn Icici ka credit card mila without any income
It's not smartly using a credit card. It's overusing it. If you are earning more and spending more, only then a credit card like this can help you. If you are earning less or earning more and want to save more money, this is not gonna help you much. You are better off with a debit card. In fact your spending habit increases if you have a credit card, so your saving habit goes away.
4:50 that's not how reward points work every credit card have a different reward rate it's not about banks it's about what card you have my brother and i both have hdfc credit card in mine i get 1rs for every reward point whereas my brother gets 0.1rs for every reward point
What's the meaning of transferring the points? A normal regular person won't visit marriot or won't travel much via air .. makes no sense for most of the people
Sir mai student hu abhi mera a/c hdfc me hai to unhone force karke tata nue plus apply karwa diya sir jab maine uske pons and cons dekhe to mere hisab se vo bilkul bhi compatible nahi hai to sir mai kaya karu please help 🙏
This video was about benefits of credit card or about india's most rewarding credit cards? There is much difference between card or cards. . . After very long time I watched your video and you proved it again.
Useless video. Why book an expensive hotel to just get higher points ? I book 1000-2000Rs hotels only. And I save more by doing this then pushing things around to save 10% of 5000 = 500. Still paid 2500Rs more.
As regards to keep the "autopay method on" on credit card payment, my bank warned me to NOT keep it on, as it may create confusion, mistakenly bank may charge if autopay is on, etc. etc. I don't know if they misguided me by saying this.
Autopay is the worst experience what i have done in the past. it makes a kind of headache use cred to pay your bill from day of generation and pay the total amount till 4 days remained for bill due date. You will get rewarded and also improve your cibil. Dont ever go for auto pay. The credit card company will take extra chaeges about 556 rupees for not maintaining same account balance in your saving account
@@thesatpreet I know sir .i hv same mrcc.indus Ind reward points are much better.50p without any conditions.also lifetime free.sir amex is a status symbol.blv me when I tell i hv amex ,people start giving respect.i am talking abt bank .
I have hdfc business regalia and want to transfer reward points to club vistara, but I am getting only two options InterMiles and KrisFlyer, please anyone guide me how to transfer
hi, Can you do video on Rupay Credit cards since we can add these cards to UPI payments and do the payments through UPI apps like PhonePe or Gpay and which Rupay credit card is good to take. thanks
Your knowledge and awareness is dismal. How many of us have axis reserve or select card?? Those having monthly salary of upto one lakh are very unlikely to get such super premium cards... even after negotiation.
Credit bureau doesn't care for these tricks. They care about mainly 2 things: 1. Whether you are paying your bills or defaulting? 2. How much credit you are taking compared to your credit limit? Pay in full every month and take less than 30% of your max credit limit at any time.
I am using kotak pvr credit card which gives me 2 movie ticket per month worth ₹800 after spending 10,000 ₹ per month. In short it is giving me 8% return.
Sir ji mein eek student credit score mera generate to ho gaya hai lekin mujhe cc chahiye Bina fd ke koi credit card recommend kijiye sirf credit score ke basis mein Bina income proof ke
For that You will have to go to Finilogy Select ...at the end of the video he has given the information,how to select the Best Credit Card as per your income and need.
Hello sir meri ek problem hai Mai zerodha pe demat account open Karna chahta hoon but uspe 300 nahi 200 charge fees le Raha hai But uspe niche ke tino option pr sahi ka tik hai lekin equity Wale option pr pahle se hi tik hai jise touch karne pr bhi usme kuch ho hi nahi Raha hai
Hii Pranjal, I am using LIC credit card supported by Axis bank. I am using credit card as you said in very disciplined way since years but your video was very useful to know hidden benefits. Thank you for your video. I want to ask if I am doing one transaction with big amount and paying using easy EMI facility, is it beneficial or actually costs with hefty interest rates? Kindly explain using one example if possible. Thank you, Amol Patil
One line advice ... Avoid any sort of easy EMI or even pay later stuff Explanation below: advice was finished above 😊 Always do full payment that's the only benefit Easy EMI has interest charges involved Pay later will be comparatively cheaper but still you will pay some xyz cost over and above whatever your final amount is
Very clickbaity title, just plugged his website. Only told abt card which 0.1% India will take. Regarding card fees as well, didn't tell anything on negotiation for them or how to get lifetime free. I can certainly say this video didn't increase my knowledge
Sir Mankind is going to become public. Please make video on how the listing price is decided. 🧐 If anyone else wants to know, like this and make it a top comment.
Incorrect Info: You actually get 15 edge points on every Rs 200 on Axis Reserve and value of each point id 20 Paise. You rather get 12 points on Magnus.
Credit cards are not meant for 80% of people. There are always some catches. Credit cards are the most marketed product by banks.
If you check every bank's revenue, you will see more than 60% of revenue is collected by credit card interest, annual fee, penalties, etc.
You can talk to hundreds of crorepatis in India but no one will say they became crorepati by collecting credit card reward points but you will meet many people who will say credit card debts have destroyed them.
If you use a credit card, you are always trying to cross those reward milestones by overspending.
It's too much hassle to get a few thousand from credit card rewards and if anyone thinks 1-2k will change their lives then they have more significant money problems.
Well said.
Credit card use is nearly as bad as taking a loan .. especially when you have the money...to buy stuff whose resale value is zero the moment it's in your hands... infinite depreciation.
Stay within limits...and concentrate on making money.and buys appreciating assets..not spending on depreciating junk
You are too conventional for credit cards
Those people who can leverage it can get most value back from credit cards
@@DisciplinedTrader27 buddy, I said 80%, if you belong to those 20%, then great.
@@dannycbe949 kind sir please tell me how to actually make money other than a 9-5 jon
credit cards are meant for 90% ppl
Don't take so much headache for points conversion, simply take SBI Cashback or axis ace card and live a peaceful life.
Live not Leave.
@@prabaldutta😂😂
Bhai ek spelling se puri sentence ki maar li tumne 😂
Vaise i agree with u. Ye sab points mujhe samajh nai ata. To mai actual cashback jidhar milta h woh cards use krta hu. In that case amazon pay icici and axis ace fits in my priority.
@@mango2654 Auto correct tha bhai mobile se 😀
I am using FLIPKART AXIS Credit card and it is an amazing card.
I use SBI cashback card, it has 5% flat cashback on all online purchases. *All* online purchases, all websites, all apps. it has limit of 10000 max cashback per month, thats like 2,00,000 purchases every month, so basically it's an unlimited cashback card.
No other card even comes close to the reward rate with this much convenience
edit: so apparently cashback has been reduced to 5000 per month, that's still 1lac purchases, which is plenty enough. and cashback has been removed from certain purchase, so yes, in 6 months this card's benefits have decreased, so take this for what it's worth
Now sbi cashback credit card has downgraded
@@Wasiffgaming786 But still cashback of Rs 5000 per month is more than enough. But it has stopped cashbacks on gold, utilities, insurance, govt institutions etc. It has also stopped lounge access.
@@pallabbiswas2726 6 mahine me itna downgrade kar diya
next 1 year me or downgrade kar dega 😅😅😅😅😅😅😅
@@yatishhande6084 sbi card ka discount amazon flipkart par
is card par nahi milta kya 🤔🤔🤔🤔🤔🤔
I think it's still 10k.
As I belongs to middle class there is no use of Hotels and traveling. No use of lounge access. Also this whole process is complex. Cashback credit cards are worthy for me.
Same here
This is good but at the micro level. I rather would focus my time on getting more income or building passive income streams, i.e, the macro level.
Absolutely Right 👍..
I use SBI Octane for fuel. You get 6.25% rewards for purchasing from BP pumps. You can easily redeem rewards at the same pump.
Cradit card se fule payment karne se koi extra charges lagta he ?
Sub charges lagta hai
@@smitbaldha8778 Nahi. Agar full payment on time kiya to koi charges nahi lagta
@@Banzybanz fuel payment me kiss type se charge lagta he
@@smitbaldha8778 Normally 1% surcharge hota hai. But special offers hote hai kuch cards pe, unme charges refund ho jaate hai.
And payment poora nahi kiya to 3.5% monthly interest lagta hai.
I am carrying 5 credit cards- To suit my lifestyle rewards related to movies, flights and luxury hotels. I was carrying low reward credit cards and spent on them so that i became eligible for high reward cards like Axis Vistara Infinity, Axis Magnus, Amex Travel Platinum. Now,
I am closing all low reward credit cards.
bro can u make a payment of one credit card from ur another credit card😅
Sir ap personally kon sa credit card use krte ho?
ICICI platinum chip card lifetime free dikha raha hai real me lifetime free hai ya 1/2 saal ke baad charge lagata hai please batayein kyuki aap ke suggetion pe ye card lena hai. Thank you.
In CC, the risk is more than the rewards, which is not good for anyone.. Only way to equalise them is improving your financial knowledge and management skills. If u miss one payment, due to lack of management, u can lose 1 or 2 year worth of rewards..
Hence, the financial discipline....
just set up an automated payment system, or don't spend more than what you have.
Many debit cards also give points and lounge access... Why that was not compared???
Sir aap kon sa broker use karate hai?
Namaste sir 🙏
Sir mere cloth ki shop hai or Mera SBI bank me account hai or muje ek business ke liye credit card Lena hai to me konsi bank ka credit card lu..
Lekin agar credit card me auto mode on hai, aur uske bad koi fraud hota hai credit card me to kya us auto mode ka use karke credit card company apna paisa hamare saving account se le legi???????
Itni chindigiri me time waste krne se acha apni income increase pe dhyan de koi to bhala hoga
Well said😂
दो ना, इसने मना किया है क्या वीडियो में 😂 5:20
Bhai knowledge sab cheezo ki honi chahiye
Is OneCard good or not?
Kotak credit card is best or not?
Please make a video on different types of credit card charges, deductions and insurance plans for card. Most of the people doesn't understand the charges. And at last ,pay higher amount instead their spend.
Contact kra best offer
FMCG company me Emami Ltd kaisa company hai please bataye
SBI Credit card deducts Reward Points from my accumulated balance at any time without informing me. When I reach out to them, SBI card states that I have used my card on a transaction with a discount/offer and hence they deducted the Reward Points earned. No list of such transactions or how much reward points they have deducted, is shared with me.
WU9N4963
Here you check it's a amazing place
skip this video..save your time
is one card is best for students
Absolutely best h...10K ki fd kara lo or time pe bill payments kro bht jldi badhta h cibil score... mujhe one card ke wajah se hi Amzn Icici ka credit card mila without any income
It's not smartly using a credit card. It's overusing it. If you are earning more and spending more, only then a credit card like this can help you. If you are earning less or earning more and want to save more money, this is not gonna help you much. You are better off with a debit card. In fact your spending habit increases if you have a credit card, so your saving habit goes away.
4:50 that's not how reward points work every credit card have a different reward rate it's not about banks it's about what card you have my brother and i both have hdfc credit card in mine i get 1rs for every reward point whereas my brother gets 0.1rs for every reward point
What's the meaning of transferring the points? A normal regular person won't visit marriot or won't travel much via air .. makes no sense for most of the people
What's your point of view on slice prepaid card ?
Bhai 200 me 1 rupay mil raha toh 1.5% kaise hua?😢😢
What is this new thing up with Rupay cards? No one is giving details on that!
Please make a video or short on how to use credit card through UPI and which cards are allowing to use this facility as i the current time
As of now only Rupay credit cards supports UPI.
Union Bank of India rupay credit card is allowing to make payments through upi... for current accounts...I am using it since last 2 months...
Apki information hamesha useful hoti hai.
Ek dam jhakas update, most needed and awaited features.
Sir mai student hu abhi mera a/c hdfc me hai to unhone force karke tata nue plus apply karwa diya sir jab maine uske pons and cons dekhe to mere hisab se vo bilkul bhi compatible nahi hai to sir mai kaya karu please help 🙏
Hello can I get credit card statement of 15 days without any transaction ???
Couldn't believe this is the same Pranjal which we used to see earlier ☹️
Marketing ka trika to koi inse sikhe😂😂😂❤❤❤
Sir aap ki book Investonomy hindi edition mai bhi h ky amazon pr ??
Please suggest about bajaj finserv rbl bank supercard is helpful or not ? Is it really worth it?
After getting credit card my credit score is declining....used minimum and paid all due before time or at the time of transaction itself..what to do
bhai edge reward points ki value 20 paise hai 1 edge reward point = 20 paise aur aapke card me 200 pe 15 points milte hai na ki 12
Not showing the options in card comparison on the basis of income & add benefits.
Creadit card bandh kaise karna hai ya bhi to bataia.
Bank ko contact kar ke 😁
How to know the benefits and rewards of my credit card ???
This video was about benefits of credit card or about india's most rewarding credit cards?
There is much difference between card or cards.
.
.
After very long time I watched your video and you proved it again.
Bhai marriot point kya h
Useless video.
Why book an expensive hotel to just get higher points ? I book 1000-2000Rs hotels only. And I save more by doing this then pushing things around to save 10% of 5000 = 500. Still paid 2500Rs more.
Good Afternoon bhaiya
Thank you so much Sir 🤑🤑🤑🤑
Paisa hi paisa hoga
Nice ways of credit card marketing bro.
sir Kitna Kitna dhayn rakhenge
How to transfer Credit card points to hotel or airline points.
SBI visa pulse card available how do you benefits
Best video
As regards to keep the "autopay method on" on credit card payment, my bank warned me to NOT keep it on, as it may create confusion, mistakenly bank may charge if autopay is on, etc. etc. I don't know if they misguided me by saying this.
always make it on..
bank employees are lazy in doing works so they ignore and make people pay for missing payment
Autopay is the worst experience what i have done in the past. it makes a kind of headache use cred to pay your bill from day of generation and pay the total amount till 4 days remained for bill due date. You will get rewarded and also improve your cibil. Dont ever go for auto pay. The credit card company will take extra chaeges about 556 rupees for not maintaining same account balance in your saving account
I have two AMEX cards and I make the most in terms of rewards. No other card comes closer.
MRCC and??
I have Amex SmartEarn.
Bhai mrcc ki 1 reward point ki value 25p h.aur fees 4500 per annum kya fayda
@@mohdsadiq2009 with just 1.5 lac spend in a year you can get it for free. Check if you are eligible.
@@thesatpreet I know sir .i hv same mrcc.indus Ind reward points are much better.50p without any conditions.also lifetime free.sir amex is a status symbol.blv me when I tell i hv amex ,people start giving respect.i am talking abt bank .
I want to improve my credit score but I never get any loan and that's why I have a credit score of 715 but how can I improve it
Sbi cards par to koi rewards milta hi nahi to kya kare bhai😢😢😢😢
Totally paid promotion 🎉
Nobody paid him for promoting his own site 😅
pranjalbhai sare credit card points transfer ki facility nahi dete
Play 1.75x
Wow.. I was just searching that
First time First view and also my too much related wanted video 😁😁😁😁😁😁🔥🔥🔥🔥🔥🔥❤
i'm still watching it, not completed yet😅
What about the GST?
Sir app present time good stock batouu plz..
CORRECTION magnus gives u 12 point per 200 spend but reserve gives u 15 points per 200 spend. 4:18
Thanks 😮
Best current account of banks ?
I have hdfc business regalia and want to transfer reward points to club vistara, but I am getting only two options InterMiles and KrisFlyer, please anyone guide me how to transfer
Axis Magnus is much better than reserve card in terms of rewards
Sir I work with HDFC BANK, I HAVE TAKEN milennium credit card where value of 1 RP =RS 1 hai,
Points transfer is equall to expenses again.. so income kese hua...??? Expense k upar expense horaha hai...
Selfless Adviser i can say Pranjal Sir!!
hi, Can you do video on Rupay Credit cards since we can add these cards to UPI payments and do the payments through UPI apps like PhonePe or Gpay and which Rupay credit card is good to take. thanks
Pk jo bhi bola,, mast or kaam ka bola😂
Your knowledge is uncountable 😊
Your knowledge and awareness is dismal. How many of us have axis reserve or select card??
Those having monthly salary of upto one lakh are very unlikely to get such super premium cards... even after negotiation.
Sir, please make a video on the difference between SIP and Step Up SIP
You should've mentioned impact on credit score by all these tricks
Credit bureau doesn't care for these tricks. They care about mainly 2 things:
1. Whether you are paying your bills or defaulting?
2. How much credit you are taking compared to your credit limit?
Pay in full every month and take less than 30% of your max credit limit at any time.
@@Banzybanz That's Right
No impact.
I am using kotak pvr credit card which gives me 2 movie ticket per month worth ₹800 after spending 10,000 ₹ per month. In short it is giving me 8% return.
Seems like you're pitching for credit cards, you kind of downplayed the risk of owning credit cards.
@Pranjalji Plz one Video on Mankind Pharma IPO, should we go for it.
It's fully OFS and demanding higher valuation than market leaders
Sir ji mein eek student credit score mera generate to ho gaya hai lekin mujhe cc chahiye Bina fd ke koi credit card recommend kijiye sirf credit score ke basis mein Bina income proof ke
title is kind of misleading. K came here to watch comparison between different cards available in the market and PK's opinion on them.
For that You will have to go to Finilogy Select ...at the end of the video he has given the information,how to select the Best Credit Card as per your income and need.
Hello sir meri ek problem hai
Mai zerodha pe demat account open Karna chahta hoon but uspe 300 nahi 200 charge fees le Raha hai
But uspe niche ke tino option pr sahi ka tik hai lekin equity Wale option pr pahle se hi tik hai jise touch karne pr bhi usme kuch ho hi nahi Raha hai
Hii Pranjal, I am using LIC credit card supported by Axis bank. I am using credit card as you said in very disciplined way since years but your video was very useful to know hidden benefits. Thank you for your video.
I want to ask if I am doing one transaction with big amount and paying using easy EMI facility, is it beneficial or actually costs with hefty interest rates? Kindly explain using one example if possible.
Thank you,
Amol Patil
One line advice ... Avoid any sort of easy EMI or even pay later stuff
Explanation below: advice was finished above 😊
Always do full payment that's the only benefit
Easy EMI has interest charges involved
Pay later will be comparatively cheaper but still you will pay some xyz cost over and above whatever your final amount is
Skip..this is too complicated. Who has the time to analyse where to get best value of.your.points. I prefer plain and simple cashback.
Very clickbaity title, just plugged his website. Only told abt card which 0.1% India will take. Regarding card fees as well, didn't tell anything on negotiation for them or how to get lifetime free. I can certainly say this video didn't increase my knowledge
Sir Mankind is going to become public. Please make video on how the listing price is decided. 🧐
If anyone else wants to know, like this and make it a top comment.
Sir ji
Please make video for aam janta . Axis reserve card relation with bank all are not applicable if we dont have 6 digit salary
I also hlp u ek aisa best credit btatungi jisme real me apko bhi profit hoga hi hoga
pranjal sir merako stock market mai invest karne ka shok hai aisa koi credit card milaga ????
Ha milega na ku nahi milega
Excellent bro
Hello
Can you please name nifty fifty index fund for SIP
You are genius sir
Sir interest 2%lagta hay ager rent payment karke balance banck may late ho.50% uses pay app jitna chai skip karsakte hoon
Incorrect Info: You actually get 15 edge points on every Rs 200 on Axis Reserve and value of each point id 20 Paise. You rather get 12 points on Magnus.
Sir ji.... Mutual fund series of 2023 kab aayega...😊
Sir Amazon pay ICICI card ka derailed video pls
Ap Aisa proof bhi dijiye😂😂😂 hm middle class ya sab karenga?? 😂😂
रिवार्ड लेने के चक्कर में कहीं इतना खर्चा ना हो जाए की उसको भरने के लिए लोन लेना पड़े😅😅😅😅
Need to improve your mic quality...😊😊
What about reward redemption fees charged by banks.