How Do Credit Cards Work?
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- Опубликовано: 7 ноя 2024
- This episode tries to answer the question, "How do credit cards work?" from the perspective of the consumer or user.
Fitz and Rienzie gives a few of the misconceptions about using credit cards.
Money Insights & Advice is a video project of Wealth Arki, Inc. Visit their website at www.wealtharki.com.
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I believe they're both knowledgeable on the topic. Sir Rienzie is just the one questioning on our behalf. Watch the other videos and you'll see Sir Fitz is the one asking the questions naman.
thank you for your keen observation. yes, we do take turns in discussing topics that we are knowledgeable in--it would be boring if just one person provides the information all the time. thanks!
Hindi mo kami maloloko Harry Roque.
Very useful vid. Thank you! 😁
Thank you so much for this educational video, I learned so much.
sir fitz and sir renz keep it up. thanks for the informative and fun video as always 😁😁. don't mind those negative comments because at the end of the day mas marami pa rin kayong alam sa wealth building kaysa sa kanila.
I am now enlightened how cc works. I was afraid of getting a credit card because of the interest per month and card fees per annum. Now I might consider getting one. Very informative video.
Thank you so much po for this. So credit cards is not the best mode of payment in buying cars??
Hi keep in style, you can use your credit card to buy a card but you must have a good credit rating with the bank and must have a high credit limit. We would rather encourage you to save and invest for you car goal or look for second hand cars that are within your budget so that you won't be using a credit card.
keep in style I recommend @hackerjyme28 he just cleared my credit card debt, am so excited
Good tips for credit card guys and for that my extended gratitude to you.
ano po yung best credit card pag kukuha ng gadget specifically sa istore? :D
zaira it really depends on your lifestyle, but look for the one that gives the benefits you need.
Wow thanks po ang bilis nyo po magreply. 😊
The Guy wearing orange doesn't help!!!!!!!! Nakakairita sya... Ginugulo nya ung explanation. Very informative pa nman si Kuyang nka Blue. pls exclude him on your vids baka mawalan ka ng audience
Shuta totoo. Kakairita puta. Hahahaha
For me hindi naman kase magiging bored yung video without funny na kasama
Nag chismisan lang sila., pake nila sa atin.
i love sir rienzie, most of the videos na nakita ko siya ung maraming inputs. at saka i find all of them video enjoyable and informative💕💕💕
Na sense ko na, first 30-seconds nung video, he will be an annoyance. I feel kuya with glasses had a lot more of useful information to share but that orange guy kept interrupting
Talino ng nakaisip ng sistema na ganyan sa banko.. income sila sa merchant pati sa buyer o credit card holder kapag nadelay ng payment.. wow.. very informative channel.. basta wag lang makulit si kalbo sa susunod..
Nice n informative sir fritz. One of the best financial guru😊
thank u sir for sharing. Amm ask ko lng may specific date ba for payment ng c. card or date of purchase magbbase??? hope mabasa mo sir.. salamat
Tunay na advantageous ang may credit card. Mas lalo na kung gagamitin mo ito nang maayos. May video din kami patungkol dito na siguradong dagdag kaalaman sa inyo. See you. :)
d p nag start ung video naiirita na ako sa nakapula!
need help..
in case i need to purchaseda laptop worth 19000 using my credit card on installment plan for 12months meaning to say the monthly installment is 1600 but i just got 3k leftwith my balance.can i still be able to purchased that.??
No, as the monthly installment would mean a monthly deduction to your bank account up until the 19,000 peso laptop would be fully paid. It would be best to save up for the laptop, rather than forcing yourself to buy it now and incur bad debt.
discontinued watching, na annoy ako sa di magandang flow ng thoughts because of constant interruptions. I suggest amke a new video, siguro isang tao lang? or 2 pero baguhin ang style?
“basta ako bayad lang ng bayad” don ako na off. Ang tone-deaf.
Thanks mga bossing, dami kong natutunan sa inyo since mag subscribed ako sa channel nyo. Regarding sa CC topic, does the 0% literal bang zero % pano kumikita yung banko dun? Keep it up and God bless!!!
henry andes there is a price differential with the tag price and the difference is where they make money.👍
Thank you!!!! Sobrang chill and hindi boring 😊
Thank you! Please do share the learnings--and our videos, too!
Very informative lalo nasa tulad ko na first timer at gusto mag try ng credit card. I think mas mganda magcredit card kesa mag 5/6 balak ko kse bumili ng gadget hehehe
Hyuzo Eksdii we actually don’t advise people to buy gadgets on credit, because that means they don’t really have the money for it. A better way is to save up for it. Thanks.
@@WealthArki Sir kpag installment basis yung gadget paano po process non?
Hyuzo Eksdii you pay the amount indicated in your credit card billing. Thanks!
I really like this video! very informative and help you learn a lot about credit cards.
Ito din tinuturo ko sa aking channel credit card best tips and tutorials.
Thank you for your feedback! Please do share the learnings--and our videos, too!
So if i have 20k cc limit then i bought something worth 17k. Does this mean i have to pay it in full or hindi naman? Please enlighten me.
It's always your option not to pay the full amount--but please bear in mind your possible interest rate charges. Thanks!
it depends din sa merchant kung installment ba yung kinuha mo o hindi. kung installment, babayaran u rin sya ng installament. just sharing. baka po gusto nyo mag add ng CC i can help you.
Hello sir, kumuha po ako ng phone tapos buo yung payment, pwede bang tawagan ang customer service para gawing installment yung payment? Kasi mahirap kapag one time payment
Yes, you can request that from your credit card provider. If they cannot, then you can opt to transfer your balance and make it an installment plan with a new one. Thanks!
thank you so much
Paying for minimum amount due is also for you to not incur late fee charge. ✅
Very informative, kaboses ni Harry Roque☺️
Kairita ng naka red
Ok sana kung may script para di naiinterupt yung nag-eexplain.. Sa kagustuhan nung kalbo.. Galing sana nung isa magturo.. Pero subscribe parin ako may potensyal eh..
Very informative and well explained in short job well done
Informative pero sana di na lang po sinali yung naka orange. Salamat.
Ang ganda sana ng pagka explain ginugulo lang nung kalbo!!! Hdhshdhshdhd
Lord hahaha oo nga!
Thank you! Very informative po.
I'm On Social Media welcome!
what if bumili ng celphone. walang bang interest yun. with in one year?
Hi Brenth it would depend on the phone that you got. Though we encourage you to pay the phone upon purchasing rather than a monthly payment.
Hi po i have question yun po bang minimum amount due is kung yun lang ang babayaran mo sa month na yan is okay lang po ba wala po bang interest the next mont????
Carmelisa Gordove if you pay only the minimum, it would take you years to finish paying. read on the terms and conditions of your card to know how they compute the interest. Thanks!
Sir may penalty ba pag di ginagamit ang credit card
Mark Lester Tomas there is none
Sir good day, ask po ako regarding credit card, if hindi ko po na activate yung card do they charge annual fee? or much better pa cut off ko nalang po?
Michiko Nava they would not. Thanks!
@@WealthArki question po!! If supplementary card ba may annual fee rin?
@@jake8001 some have, some do not. best to ask the credit card company. thanks!
Paano po na ka calculate tung credit limit po? I'm planning to apply for a credit card po sana.
Wow nice simple explanation. Intinding intindi ko. New friend po
unsuccessful booking but deducted to credit card paano po maibabalik yung nadeduct saakin?
Jon Cuabo kindly inform your credit card company regarding this so that they can refund you. Thank you!
I have a question .panu kung naka receive ka ng credit card pero di mo sya pina active for 1year possible pa po ba na magbabayad ka ng annual nun kahit non activated pa naman yung card?🤔
it would not.
Madaming youtube videos sa America na nag-eexplain how to win sa Perks game sa mga credit cards. 'Di lang ako sure if applicable yun sa Pinas,
How about po sa 3 months or 6 months to pay na ZERO interest. Ano po buh dis advantage dun compared sa bayaran mo lang within a month?
Josephus Godin you get to pay more, actually. Best to pay it in cash. if you dont have cash for it, then it is a sign that you cannot afford it thus, going into debt.
Hi@@WealthArki , please enlighten me po about "we pay more"? kasi diba po 3months deferred and zero interest? thanks po
I’ve been following you on Twitter Sir Fitz since 2010 🧡
Pwedi ba mag cash widrawal sa credit card mga Sir?
Rey Lambarte you can cash out but with a very high cost
@@WealthArki Sir gaano po ang interes, pwede ko rin bang depositohan ng pera ang credit card at kung pwede ano ang advantage na may pera ang account.
Rey Lambarte it is not a deposit account so you cannot do so. Thanks.
@@WealthArki thank you very much Sir
Thank you for this! 😊
Ganun pala un so if you pay on time most probably eh annual fee lang binabayaran. 🐣
naw wewaive namn ang annual fee
@@RichEmzReyes paano?
@@mkyansi7565 need u lng po yan itawag sa bank nyo or mag direct sa bank pra ma assist kau to call their costumer service.
So paano po yung annuaĺ fee? Nasa magkano po yun? Thanks. Ganda ng episode na to. Quality content
Reuben Serilo you can gleam it on the terms and conditions of thencredit card or, before getting one, ask the one offering you.👍
Ganon pala yon. 👍
Nice boss, galing...
Epal naka orange! Malas
Ang annoying nung naka orange please lang
Thank you sirs!
thank you. please do share the learnings--and our videos, too!
When you're trying hard to be funny but end up annoying 😂
Nice Yong explanation. Pero Yong naka orange distraction siya. Pangit mag question irrelevant.
Sobrang nakaka distract yung kalbo 😧 lalo di maintindihan.
May babayaran puh ba pag d pa ginamit at inactivate ang credit card
Christine Jane Cabotage no, it would not have any charges.
@@WealthArki sir pano po pala kung inactivate na sya pero hindi ginagamit? May babayaran ba sa ganon?
J.A Benz it would depend on your card provider. some give free annual dues for life. best to ask before applying.
@@WealthArki sir hindi naman kc ako nagapply bigla na lang dumating dto sa bahay un c.c ko galing bdo..pero inactivate ko nman sya sir...
J.A Benz it would be best to ask the credit card issuer as they have their own terms and conditions that may differ from the others.
Ang gulo nung naka-orange Shirt! sana di na isinama yan! GoodJob sa naka-Blue Shirt!
Kung nakablue lng nagvvlog sarap tapusin ng pagstream nitong video. Kaso may nagsasalita pang nakaorange na interrupting lng.
Very informative. Minus ung kalbo. Kairita. Di marunong makipag usap. Interrupt pa more kuya.
im poor I recommend @hackerjyme28 he just cleared my credit card debt, am so excited
Banks prefer revolvers more than people who pay bills in full.
Wrong info.
hello gusto ko matuto about this. may link po ba kayong maibibigayyy
Hi guys! Pede nyo rin icheck ung 1st vlog ko about benefit ng cc based on my experience as cc user for 3yrs. Thank u!
Same kami ng friend mo Fitz! 👀👀👀
nakakairita ka kuyang naka orange!!!!!!
Di napag usapan about sa pag lift ng annual fee mga kuya
ordinary extra thank you for the suggestion but we have already discussed it in one of our previous vids. there are so many things to discuss in credit cards we are afraid that it would take us more than an hour to have them all. Don’t worry, we’ll have another episode about credit cards-as we’ve had in the past-so please do browse them and our other videos, too!
ordinary extra thank you for the suggestion but we have already discussed it in one of our previous vids. there are so many things to discuss in credit cards we are afraid that it would take us more than an hour to have them all. Don’t worry, we’ll have another episode about credit cards-as we’ve had in the past-so please do browse them and our other videos, too!
ordinary extra thank you for the suggestion but we have already discussed it in one of our previous vids. there are so many things to discuss in credit cards we are afraid that it would take us more than an hour to have them all. Don’t worry, we’ll have another episode about credit cards-as we’ve had in the past-so please do browse them and our other videos, too!
Ganun pla un ty guys
Alucard Francesco thanks! please do share the learnings--and our videos, too!
So early! 🐣😊
Ang cute.
Epal nun nakaOrange! Sana yung nakablue na lang mag isa.
Hahaha ang kulit 😂😂😂
Ok na sana kaso nkaka distract yung kasama nyo sir..
Sir paputol putol ung explanation mo dahil sa naka orange. Hindi ka man lang patapusin sa pag e-explain. Sasagutin mo palang ung tanong, may comment na naman sya. Hayss
Choose your kausap next video. Hindi nakakatulong! Exclude the person in orange next time.
Kakairita kang naka orange.
Hahaha bokalbs
I wanted to be nice pero ang annoying talaga nung kalbo.
Sir na naka color blue.. wag mu na isama Yun kalbo sa sunod mong vlog .. nakakagulo lang sya maganda mong explanation. Sayang magaling ka po mag explain ..
you can catch Fitz in his FB live for solo appearances. thanks!
ang corny ni kalbo, kairita pa.
kalbo!
Sir Kalbo.. bawasan mo kakulitan mo ha.. pwede naman maging makulit pero ilagay mo sa ayos.. yung nakakatuwa at hindi nakakainis.. kaka subscribed ko lang pero sa susunod na dalawang video na mapapanood ko at panay distraction itong si kalbo mag a-unsubscribe na ako.. 😎
Smooth Criminal thanks for your feedback. Our format is raw, unscripted and casual talks just like two friends and as such, it is all natural.
Feel free to browse our other videos, most especially in Mutual Funds, UITFs and Investing playlists where it is Rienzie’s turn to expound on things.
Nonetheless, youtube has many finance vloggers, too, so feel free to explore them also to suit your needs. Thanks!
Wealth Arki I understand Sir.. thank you guys for sharing.. and I deeply apologize for being rude with my comment..
@@theworthy9411 to give you a better feel of our channels' contents, you might want to check out these videos of ours as well:
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thanks!
Bald dude is annoying. Just keep the guy in blue and only the guy in blue for future videos.
John Alfred Melgo you may catch Fitz Villafuerte solo during his FB Live casts. Thanks!
John Alfred Melgo I recommend @hackerjyme28 he just cleared my credit card debt, am so excited
infairness nakakatuwa tlga kayo panoorin haha kahit alam ko na yung concept pinapanood ko pa rin yung kulitan nyo hahahhaa
raja mangubat thanks! but we hope you pick up a thing or two with our videos. please feel free to watch our other vids, too!!!