@@Thisismyyoutubechannel69 actually banks reports the last bill.generated amount so if ur bill generates on 20 better to CLR the amount before 20 so it will be intact and. U r safe fromcredit reports
I thought like this too but if you watch it closely he used the credit card to avail discount and no cost emi which means he doesn't need to pay a bulk amount and also have discount.
5% cashback is not a discount if the product price is 1 Lakh and you having 5% cashback you need to pay 1 lakh first and after few days you will get the 5% which is 5,000 ₹ back to your account. And Discount is on the spot you need to pay only 95000 ₹ and not the 1 Lakh They both are actually different
@@samsg zero emi? okk. If he saves his money till month end which he was paying for credit card. It's the same both ways, he can get it with no emi, by paying full price. Soo What's the point
Actually this so called hack is for those who have money, but still want to save using things like cash back on card, and yeah getting zero interest credit when you are paying back full before the month is kinda useless.
@@samsg Yes. You are correct. It's just that he is increasing his Credit Score through this. Someone who genuinely doesn't have money, this hack is useless
Thats why i am not sharing this video, i am not understanding this video and English 😂 I think bank is not give another loan when already have loan, but this 0% cost EmI is joke and also no one give no cost emi and card offer( 5%mention in this video) at same product
@@honeyits Bro you gotta know about the credit card billing cycle Just google it You will get a lot of info It's easy to understand Then you will understand this hack
Not all credit card companies report utilisation to credit agencies on last day of the month..A few banks(like sbi, icici) report the utilisation on the statement date instead of last day of the month.
Not related to bill generation date. The goal is to reduce the credit utilization amount before 1st of each month, so pay at least 2-3 days before 1st of the month to ensure no negative impact on CIBIL due to higher utilization ratio
There is also another way. Overpay your credit card with 1.5 lakhs. Thus using your credit card will not affect your utilization ratio. This is also useful for people who do not have a limit as good as Sharan. Keep up the good work Sharan.
@@johnnybravo9641 Yes, he was also telling about EMI, which cannot be possible once payment is done. Even if it gets converted then why does he need to pay EMI, as he already paid the amount.
@@funclub5880 Payment with EMI bro. That means. Total Amount will be blocked on credit card limit ~ means utilising the limit > 75%. So despite the EMI, if he pays off partial amount to reduce the utilization to below 75%. He's safe. This is what I think.
@@johnnybravo9641 Yes you are right but, listen to this video again and get to know how much he is spending and what kind of suggestion he is giving.. Just evaluate
As always he presents half baked facts. Every bank has their own reporting date and you need to see it from your cibil report. It's not the 1st of every month for all the banks. Second your cibil does not go down by 15-20 if there's more than 30 percent utilisation. It depends on a lot of factors.
omg i recently checked my credit score it had dropped by 5 to 15 points each time but due date for my credit card bill is 5th of every month thank god this short saved me by not losing more credit points
They report it to cibil once the bill gets generated. Not on 1st of every month. Once your statement is generated then the amount you owe to the bank will be updated to the cibil. So check your credit card bill generation date and pay before that date.
bro my bill will be generated on 15th of every month as u said that on 1st banks will report to cibill ,as it applied to all the banks or according to the bill generated date?please reply bro
Please cross check your points. 1. My credit utilisation this month is 92%. My score is not reduced. 2. Banks will report only the last statement details irrespective of date of reporting. I usually pay in 2 days after statement date. Still it will show as loaned amount in credit report.
Not all credit card companies report at the start of month, the reporting date for every bank is different. Some report on the bill generation date of that card, some report at the end of month and others in the middle of the month. So the best way is to check your cibil report for the reporting date of each bank and pay the amount before that date in order to maintain utilisation ratio.
When i was like 12 i wanted an Xbox for Christmas but my father delayed it to next month so he had time to pay the bill……well now this explains back in the day i was mad
BRO BRO I SAW U IN A MERC C220 I THINK AND DANIELMAC CAME TO YOU ONCE WE WERE AT THE SAME PLACE LMAO MY FRIEND TOLD ME TO MEET HIM THERE SO YEAH SICK MAN
Not all banks report by the first of the month, they do in fact do bulk reports however they normally do it based off multiple different factors. I work for a mortgage company owned by one of the biggest banks and we report around the 28th of the month, the things to take into account is how many days in the month, how many bank holidays and also if a company has multiple portfolios of accounts (they normally do), then it depends on the day that portfolio is scheduled to be worked. The safer way to do it is actually just call the company and ask them when they report to the credit file. Also take into account it can take 5 working days for payments to be received and allocated too
Man is becoming a meme editor more than a finance influencer.
He already is
I follow my man brooo
If he could pay 1.5 lakhs within 10 days from purchasing, then why he's buying in EMI, he can buy then only. 😂
@@sachin1825correcton: he is already
I swear 😂
😈 See comments to guess why I got likes
Jojo reference
Jojo
Jojo reference
Waryyyyyyyyyyy
Kars
When you realise hating Jojo is a Jojo reference because Dio also hated Jojo
at this point, existing is a jojo reference.
Wryyyyyyyyy!!!!!!!
Bro the world is a JoJo's refference
Lol everything is a Jojo reference 😂
Those who don't use credit cards - Sanu ki.... 🤣🤣🤣🤣
Hasna tha? le hasliya, Hahahaha 🗿
@@m.ehtishamzafar8560Mars 🙏
Sahi gll
Sanu kiiiiii
O sorry sorry
Sannu kiii bc
Cibil would much lower than expected because you might never paid debts.
Exactly. Bank don't report your utilisation on your bill date but 30th or 1st of every month.
Is this true or you’re being sarcastic?
@@Thisismyyoutubechannel69 actually banks reports the last bill.generated amount so if ur bill generates on 20 better to CLR the amount before 20 so it will be intact and. U r safe fromcredit reports
@@rohiththokala6537 yeah bro that’s what I thought. I think banks report to the credit agencies on the date the statement is issued
If we use more than 75% of credit limit will
It effect our CIBIL scores
@@abhishekbaddam7579 yes, it's good to not utilise more than 30-40%. Try keeping it as low as possible.
This has become a jojo's refernce
249 LIKES and o comment lemme fix it
Haha, I thought nobody would pick up on it
You don’t need to have the iphone 14 pro if you have to pay the loan. People just don’t understand money
Reach me with 👆👆the what'sap line above for more information, guidance and consultation. Thanks for the feedback..
I thought like this too but if you watch it closely he used the credit card to avail discount and no cost emi which means he doesn't need to pay a bulk amount and also have discount.
5% cashback is discount? It is indirectly only pushing you to spend more on items you don't really need.
5% cashback is not a discount if the product price is 1 Lakh and you having 5% cashback you need to pay 1 lakh first and after few days you will get the 5% which is 5,000 ₹ back to your account.
And Discount is on the spot you need to pay only 95000 ₹ and not the 1 Lakh
They both are actually different
Guy needs EMI and he’s suggesting to pay it back by month end. I’m sorry. Did I miss something?
Exactly, pretty much useless for emi users
It is about zero interest emi and 5% cash back, I guess
@@samsg zero emi? okk. If he saves his money till month end which he was paying for credit card. It's the same both ways, he can get it with no emi, by paying full price. Soo What's the point
Actually this so called hack is for those who have money, but still want to save using things like cash back on card, and yeah getting zero interest credit when you are paying back full before the month is kinda useless.
@@samsg Yes. You are correct. It's just that he is increasing his Credit Score through this. Someone who genuinely doesn't have money, this hack is useless
End of this video i forgot about iphone and thinking about my cibil score. 😵💫
Man just pulled out pillar men theme out of nowhere ...that hit hard man DAMNNN
Bro literally became a pillar men for a moment
%
now finance tips are a jojo's reference
Za warudo is a JoJo reference
No Need To Worry On credit card emi because credit utilisation also divides along with EMI respectively.
When you find a JoJo reference even in a Financial video
Jojo brazzer adventure reference 🗿🗿
Jojo reference everywhere 🗿
First time a shop owner himself is telling a way to save 💀
Good to know that there are 31 days in November (according to your calendar)
Bro was pulling up a Kamehameha at the end 💀
Finally finance with sharan has also became a jojo reference
OMG IT'S HIS FIRST VIDEO WITH A JOJO REFERENCE
Where
@@Draglox It has Pillar Man Theme
@@chirantanroy1323 and also there's JoJo fonts
5k enough to score today 😂.,cool hack
Before 20th November we lost our heart only cricket fans can understand 🥺💔
So That's a Jojo References Too!!
Bro I thought he was gonna pull a kamehameha. 💀
If you get Zero cost EMI, how will you pay to the bank before 1st.
And if you can pay before first, why would you take a loan.
🤔🤔🤔
Exactly 🤣🤣🤣🤣
Thats why i am not sharing this video, i am not understanding this video and English 😂
I think bank is not give another loan when already have loan, but this 0% cost EmI is joke and also no one give no cost emi and card offer( 5%mention in this video) at same product
Just enough for today's score 🤣
Sir you are full of information
Bro summoned an entire fandom with 1.5 second clip
These two ppl are amazing 😂
Excellent 👌 info bro really confusing and irritate with this cibil rules and next issue. Thanks for the vedio.
Even sharan is giving JoJo reference 💀
Nobody noticed the Voldemort wand 😁
This is what I do every month bro
@@financew-sh.4376scam 😑
You are intelligent then
@@skooo7 i didn't understand this hack
@@honeyits Bro you gotta know about the credit card billing cycle
Just google it
You will get a lot of info
It's easy to understand
Then you will understand this hack
@@skooo7 thonks👌🙈
No cost EMI left the chat.
Reach me with 👆👆the what'sap line above for more information, guidance and consultation. Thanks for the feedback..
I was expecting that G-PAY joke when he said that he had a secret hack😭💀
Everyday a new finance influencer pops up
Not all credit card companies report utilisation to credit agencies on last day of the month..A few banks(like sbi, icici) report the utilisation on the statement date instead of last day of the month.
This is a useful hack ... thanks Sharan bro...
Does this mean I have to pay right when the bill is generated? Or before the bill is generated?
Not related to bill generation date. The goal is to reduce the credit utilization amount before 1st of each month, so pay at least 2-3 days before 1st of the month to ensure no negative impact on CIBIL due to higher utilization ratio
Kya phoonk ke ayaa bee..... Ur best dialogue ...i love it🤣🤣
The fact that his mustache just vanished
My sir said this is advanced accounts class😂😂
@@financew-sh.4376scam 😑
Lol
Last scene - action kamen ---- action beam ⚡⚡⚡
Na credit card hai... Na iPhone lene ka budget.... Par haaa.... Maja ayaaaa
I like it when he says “I follow my man bro”
There is also another way. Overpay your credit card with 1.5 lakhs. Thus using your credit card will not affect your utilization ratio. This is also useful for people who do not have a limit as good as Sharan. Keep up the good work Sharan.
Even I was thinking about the same.
Is there any limit on overpaying your credit card
@@Ronit05 Not that I am aware of. But your bank might be the best source to answer that
If he pays by 30th then how can he get "0 Cost EMI" which he was asking.?
Exactly. He didn't think this video through.
That means, he can partially pay his credit card bill with cash so that it doesn't hit 75% utilization.
@@johnnybravo9641 Yes, he was also telling about EMI, which cannot be possible once payment is done. Even if it gets converted then why does he need to pay EMI, as he already paid the amount.
@@funclub5880 Payment with EMI bro. That means. Total Amount will be blocked on credit card limit ~ means utilising the limit > 75%.
So despite the EMI, if he pays off partial amount to reduce the utilization to below 75%. He's safe.
This is what I think.
@@johnnybravo9641 Yes you are right but, listen to this video again and get to know how much he is spending and what kind of suggestion he is giving.. Just evaluate
This is the only Indian that actually entertain me and don't annoy me
Tha jojo's reference tho....
If it's zero percentage EMI, how will he pay it off before the end of the month?
Better financial advise: if you need to get a loan, don't buy the iphone 14
Pillar men theme party
🤣 So this is jojo reference
If you have friend who has company, he can claim gst and you will get gst benefit ie 18% discount
You any way don't get zero cost emi as u will have to pay it by end of the month right..
@@financew-sh.4376ayo scammm !
Yep
Efficient and effective use of credit card cycle
Irony- Taking Phone worth 1.5 lacs and is trying to apply for loan😁
Aisa kuch nahi hoga, har bank alag day par report karta hai. Not on 1st of month. Random date that no one can figure out...
⬆️⬆️⬆️ thanks for the comment..
Contact the What'sap line above for more information, and new investment plan ✉️🇮🇳🇮🇳
Bhai tum achi information dere ho sab achi baat hai but bhai sabhko sab samjhe na aana. Makta ese batao aapka ye style sabko nhi samjha aayega
Kars theme😳 W
This video just became a jojo reference
Pillar man theme op
One doubt Sharan Should I buy with Credit Card like you said in Video or should I buy with cash like you do in real life. Confused bro
Emi?? U just going to pay all the money at once using credit card and then why u want the zero cost emi.its going to be the same 🤔
Last one was like kamehameha
Jojo pillar man theme saved your video
Do the banks report to cibil on the first of the month or statement date
He is an influencer, he can make mistakes, you should do your due diligence. I beleive it's on the statement date but not sure.
It's statement date yes
Yes bro I also need clarification
As always he presents half baked facts. Every bank has their own reporting date and you need to see it from your cibil report. It's not the 1st of every month for all the banks.
Second your cibil does not go down by 15-20 if there's more than 30 percent utilisation. It depends on a lot of factors.
Hi Sharan, pls make a video on when to buy a 2.5L jawa bike (on-road price) and how to save money on it plus insurance. I will be grateful.
Don't buy it. 100% money saved..
This man got an Iphone 14 pro max
And me:😅😂
omg i recently checked my credit score it had dropped by 5 to 15 points each time but due date for my credit card bill is 5th of every month thank god this short saved me by not losing more credit points
Where do u get money for paying??
How can he pay in just 11 days😮
You use credit card only if you have money in your account. Do not spend more than what you have
Bro is so smart is so much used by different youtuber but his scripting is very good that he gets so much retention 😎
Man I have been watching you for a long but today I will subscribe you 😉
Damn... I almost forgot my cc due date 🤧🤧
Among us ☺️❤️
When you study from WhatsApp University
⬆️⬆️⬆️ thanks for the comment..
Contact the What'sap line above for more information, and new investment plan ✉️🇮🇳🇮🇳
They report it to cibil once the bill gets generated. Not on 1st of every month. Once your statement is generated then the amount you owe to the bank will be updated to the cibil. So check your credit card bill generation date and pay before that date.
bro my bill will be generated on 15th of every month as u said that on 1st banks will report to cibill ,as it applied to all the banks or according to the bill generated date?please reply bro
Please cross check your points.
1. My credit utilisation this month is 92%. My score is not reduced.
2. Banks will report only the last statement details irrespective of date of reporting. I usually pay in 2 days after statement date. Still it will show as loaned amount in credit report.
High Utilisation will affect credit score
me : understand absolutely ntg but likes the video bcz he did hardwork
Not all credit card companies report at the start of month, the reporting date for every bank is different. Some report on the bill generation date of that card, some report at the end of month and others in the middle of the month. So the best way is to check your cibil report for the reporting date of each bank and pay the amount before that date in order to maintain utilisation ratio.
Ekdum shi bola
It is very odd for him to hold a wand from harry potter world
But the father is our Tejas Joshi bhaiya
Pillar men theme out of nowhere
Thank you for advice continues to have 42 rupees as my bank balance
where did the salesman mustache go. it just disappeared
When i was like 12 i wanted an Xbox for Christmas but my father delayed it to next month so he had time to pay the bill……well now this explains back in the day i was mad
Thanks for letting us know this information for real. My Credit Card Utilisation is 89%. Just saw it Today...
Bro handing out JoJo's refference now
BRO BRO
I SAW U
IN A MERC C220 I THINK
AND DANIELMAC CAME TO YOU ONCE
WE WERE AT THE SAME PLACE LMAO MY FRIEND TOLD ME TO MEET HIM THERE
SO YEAH SICK MAN
Some of the banks will report every 15days once
First time I’ve seen that the Indian credit system is similar to the American, nice.
Man is now MeMe Influencer.
Not all banks report by the first of the month, they do in fact do bulk reports however they normally do it based off multiple different factors. I work for a mortgage company owned by one of the biggest banks and we report around the 28th of the month, the things to take into account is how many days in the month, how many bank holidays and also if a company has multiple portfolios of accounts (they normally do), then it depends on the day that portfolio is scheduled to be worked.
The safer way to do it is actually just call the company and ask them when they report to the credit file.
Also take into account it can take 5 working days for payments to be received and allocated too
That pillarman theme 🤣
The pillar men theme is too good🤌🏻🤌🏻🫂🥵
You forgot your mustache at last
Because i follow trade traveller abijith😅
kon kon dekha baad mai isne apna muuch nikal diya jisne jisne dekha wo like kro
now i am famous thx for like
Pillar men theme made me watch this 5 times
Bro prints his own calendar, it has 31 days in November 😅.