u can have a normal salary and still get a credit card to make an habit and only when u start using a normal credit card and build a credit score is when u can get the good cards in the end.
It all sums down to mindset, if one is wise enough to use the credit card in the smart way rather than using like a maniac, he/she can benefit out of it. Doesn’t matter whether entry card or card with 5-10K joining fees.
Starting with transferring UPI on rupay based CC is a good starting point. A family of 4 can easily spend 400k a year and treat itself to a nice treat once in a while, so that's not so bad a point to consider in my opinion.
@@div_shrimalithese influencers are just making us spend more and more.... making it a habit. Don't listen, save more, buy shares/gold/land. Multiply your money
The more you talk about these loopholes in public, Credit Card companies plans to put controls over them. I've been doing all these whatever he says from the past 8 years with my 15+ cards. I've seen the controls they place to prevent such loopholes. This is not a sustainable plan. The moment companies realise they make a loss on these, they stop immediately.
It’s always fun to do calculations in excel and enjoy … the bottom line is if you want to earn from credit cards or any other medium, then you will have to make an effor/ spend time to understand and utilize perfectly … to make money you will always have to make an effort
Sharan seems to be eager to speak more than the guest. Sharan is not a good listener. It's an insult not to allow the guest to speak out his ideas completely.
I absolutely do not agree. Maybe u guys did not hear it through. His reactions, responses was very much in sync and with understanding in connection the purpose of the interview. 👍
I'm 27, earning over $150k AUD , and I've never had a credit card. I manage to cover my expenses and only buy what I can afford. Temporary lifestyle bragging isn't a priority for me , I'd rather focus on long-term peace and stability.
I just turned 18 two months back. Got my first credit card 2 days ago which is the Axis Bank Privilege Credit Card based on FD and now I am ready to build my Credit score.
@TechzGyan I have a savings Bank account in Axis bank. I am not really sure whether Axis Bank offers FD based credit cards for non-account holders but there are other banks which offer FD based credit without a bank account in that specific bank like IDFC Bank
@@sakoonsinghbhatia8111everything he said in this video and he shared his screen and explained in detail and discussed about few more credit cards which are not covered here
I think that in-detail knowledge of such credit card mechanism, rewards and such points, I think would be beneficial in the long run only and for someone who is oriented only towards job and not for someone who is more oriented towards business and investing activities. Who agree??
@@MrUmangj HNIs value their time the most. OfCourse once in a while they do redeem the points. However, they would not spend precious time evaluating, optimizing and moving points from one portal to another just to save few thousands.
Not to put myself out there, I would consider myself HNI and I absolutely try to optimize my spending to get the maximum possible points. I don't have an excel where every single spending is categorized under a credit card, but I try to keep things in my mind to use the right one.
Thanks for bringing on board Aly for this show Sharan. He speaks money and the way he behaves shows it by being so polished, decent with an everlasting smile on his face throughout the show. Enrolling for the masterclass to optimise my spending for better rewards/
I'm really impressed with Sharan's questions! Exactly he asked the same questions which came to my mind. Awesome and very insightful podcast. Please come with more like these!🙂
I have his first card what he mentioned(Axis select) .As someone who just started earning last year. Listening to this gives me motivation to earn more and do better in life.
1:17:14 expression of speaker says something wrong in question of Sharan bhai I think editor changed the question (i.e.., forwarded a little instead of holding to same question) but literally this session is awesome I didn't expected this stuff from onepercentclub... reallly hoping for such contents more known that creditcard shares especially from HDFC,AXIS gona create a larger wealth in next 1 decade..
Unbelievable video, what an educational video, it convinces me to use a credit card however i feel you need to be having a lot of money and spending in luxury + flights and hotels which is not my spending pattern as he said fit the credit card to your spending not the other way around 😂
Wow one of the best I have ever seen in Credit Cards usage, I am from axis bank did not know so much about axis magnum and Axis Atlas Card. Great Session Aly and Sharan, do something on credit card interest rates too ..
Only take a loan when it is absolutely necessary for your current survival and future growth,that is you should only take Education loan and home loan.(and a loan for your business expansion but only when you really really need it) These companies make these lucrative offers like 6%,10% cashback and this free hotel that free hotel but these are only to make you habitual of taking credit,people don't understand this simple concept that once you get hooked on this cycle of taking loans you never come back out of it.
After spending thousands of ₹ once i redeemed some rewards point to get 100₹ into account. The credit card company charged 100₹ for rewards redemption fee plus 18% gst. 18₹ loss.
Problem of life-style starts when you start disliking the stay at normal hotels once you are done with all the points after you stayed at such high priced 5-star hotels when you have lot of points.
The points are never done. If you transfer it during the transfer window that Marriott runs, you get an additional 20-30%. And you are not going to stop spending on essentials.
This don’t make sense Most credit cards don’t give points for rent payment , school fees payment or insurance or tax filing etc So basically they will give points for just basic daily usage and getting a fancy card will simply make us to spend more money on something which we would have not spent on first place. So all these points and all is a scam. Expect for very less people who spend a lot for their travels and etc for them it might be worth for others it’s just a way to go broke.
Aly's talks are more about being aspirational and live a luxury life.. need to ask Sharan, how to earn that much so that we can live that kind of life (even with the credit cards) 😅 They talk about salaries ranging 2-3 Lakhs a month like its average salary in India 😂
So just to summarize todays financial youtubers funda.... dont buy a home thats waste of money but buy lot of credit cards spend using credit cards so that u can get 2 nights of stay at 5star hotel for free.. brilliant advise.
Best to understand the HNI category of credit users. Recently SBI charged for an online shopping discount fee that is surprising customers to believe that they literally got scammed by sarkari bank.
One very important point is, while using credit card aggregate Transaction of 10,00,000 and abobe crossed during year _ it reported to income tax AIR Report, so be ware of end use purposes
If u think u can beat big corporations banks and make money from them😂😂😂.. they r doing it for centuries and they invest crores of rupees to manipulate you.
Talk about redeeming the right way. -- The very first thing is to earn points by spending. The points to redeem for free international Flight/Hotel Stay (as talked in this show) is earned probably after spending minimum Rs. 1 Lakhs per month with an Indian credit card. ----- Most Indian credit card points have a 2 year Expiration Date. --- I too follow the principal of "TREAT CREDIT CARD AS A DEBIT CARD".
Good to hear. But practically can’t be applicable. People don’t work only on credit cards to get the points, they have their own business. Here, Assume if a common man accumulated the points where they can spend in a luxurious hotel for free. But the person has to spend lot if money other than hotel stay at luxurious hotel. But yeah once in a lifetime one can experience. But if you consider only money point of view definitely not worthy.
Just an amazing video and learnt alot. Was not using my credit card effectively. Thank you Aly and Sharan for this. Just curious. If the credit card is devalued , will closing it affect cibil score?
Seriously, does this host even listen? He constantly cuts off the guest, making it impossible to hear what they have to say. And the constant "hmm" and "correct" - it's like he's trying to prove he's actually paying attention, but it just comes off as patronizing. Aly, you were brilliant, and you deserve a platform where you're not constantly being talked over. Ditch this amateur hour and start your own show !!
Key takeaway:
Use credit card only like a debit card.
Your spending should define your credit card. Not the other way.
This guys credit card points are so valuable, he can start a country with them!!! my head is spinning and saying points points!
First start earning 2 to 3L + per month and then you can spend 50k to 1L per month and then all this will make sense
Absolutely agree.
u can have a normal salary and still get a credit card to make an habit and only when u start using a normal credit card and build a credit score is when u can get the good cards in the end.
It all sums down to mindset, if one is wise enough to use the credit card in the smart way rather than using like a maniac, he/she can benefit out of it. Doesn’t matter whether entry card or card with 5-10K joining fees.
Starting with transferring UPI on rupay based CC is a good starting point. A family of 4 can easily spend 400k a year and treat itself to a nice treat once in a while, so that's not so bad a point to consider in my opinion.
@@div_shrimalithese influencers are just making us spend more and more.... making it a habit. Don't listen, save more, buy shares/gold/land. Multiply your money
I am impressed by this person. He is rich and humble. Knowledgable as well.
The more you talk about these loopholes in public, Credit Card companies plans to put controls over them. I've been doing all these whatever he says from the past 8 years with my 15+ cards. I've seen the controls they place to prevent such loopholes. This is not a sustainable plan. The moment companies realise they make a loss on these, they stop immediately.
It’s always fun to do calculations in excel and enjoy … the bottom line is if you want to earn from credit cards or any other medium, then you will have to make an effor/ spend time to understand and utilize perfectly … to make money you will always have to make an effort
Ofcourse nothing comes for free
Sharan seems to be eager to speak more than the guest. Sharan is not a good listener. It's an insult not to allow the guest to speak out his ideas completely.
True that
Or maybe he is able to process the response much faster to come up with the next set of questions. And remember he is in the same financial game
@@sawanthapa9192 they have done the exact same session online , multiple times before putting this video out.
Absolutely, he does it every single time
I absolutely do not agree. Maybe u guys did not hear it through. His reactions, responses was very much in sync and with understanding in connection the purpose of the interview. 👍
20 k salary no credit card and still watching this podcast😢😮😂😂😂
No credit card, no salary, no job. Still watching 🫠
I'm 27, earning over $150k AUD , and I've never had a credit card. I manage to cover my expenses and only buy what I can afford. Temporary lifestyle bragging isn't a priority for me , I'd rather focus on long-term peace and stability.
I just turned 18 two months back. Got my first credit card 2 days ago which is the Axis Bank Privilege Credit Card based on FD and now I am ready to build my Credit score.
Do I have to have a savings account in the same bank in which I am doing fixed deposit for credit card?
@TechzGyan I have a savings Bank account in Axis bank. I am not really sure whether Axis Bank offers FD based credit cards for non-account holders but there are other banks which offer FD based credit without a bank account in that specific bank like IDFC Bank
I'm 21 and I have 4 credit cards 😂
Aly has been one of the most underrated find in my mentor's list! Loved his course on 1% club and kuddos to Sharan to getting him on the curriculum :)
I attended the masterclass and it just changed my spending strategy and mindset for life.
what was so special in it , just tell me the points covered ?
@@sakoonsinghbhatia8111everything he said in this video and he shared his screen and explained in detail and discussed about few more credit cards which are not covered here
@@stalwarts17 he may be from his side only.. people come here to promote his classes 😄
how much did you pay?
Pay 99 Rs to attend the session
I think that in-detail knowledge of such credit card mechanism, rewards and such points, I think would be beneficial in the long run only and for someone who is oriented only towards job and not for someone who is more oriented towards business and investing activities. Who agree??
Wrong, you can get HDFC Biz Black credit card and use it to pay taxes. The return rate is crazy!!!
I don’t think HNIs have time to optimize for reward points. Infact I don’t think HNIs even bother about reward points
Spot on !
HNI’s knows the value of money,so i think they might be using credit card wisely😊
@@MrUmangj HNIs value their time the most. OfCourse once in a while they do redeem the points. However, they would not spend precious time evaluating, optimizing and moving points from one portal to another just to save few thousands.
Not to put myself out there, I would consider myself HNI and I absolutely try to optimize my spending to get the maximum possible points. I don't have an excel where every single spending is categorized under a credit card, but I try to keep things in my mind to use the right one.
@@daniel11111 Like anything in life, there will always be exceptions. Anyways if you got time for it, then definitely optimize.
Thanks for bringing on board Aly for this show Sharan. He speaks money and the way he behaves shows it by being so polished, decent with an everlasting smile on his face throughout the show. Enrolling for the masterclass to optimise my spending for better rewards/
Hey Aly. Come to Delhi next time with Sharan for a master class in credit cards. Absolutely loved your session and course on credit cards.
I have attened Aly's credit card master class,this was very insightful loved it
performed by professionals, dont try it at home😊, he is a genius,... unique
the best ever you tube episode on credit cards I have heard so far..thnx and congratulations to both of you
Really happy to hear that!
Non taxable people you can skip this vedio 😂😂😂
I am one of them 😂😂😂
😂
@@ahesanaliasamdi7949me too
Don't skip. Aspire and slog to become HNI 😅. I mean why not? You can do it !!!
Right 👍 👍 @@HarmonicaShala
I was going to get my first card , watched a lot of videos that guided about the cards, but this is a real genuine piece of advice
The intro had me hooked! Seems like Sharan is upping his game! ❤
As someone whose been in the credit card game for a while now I can safely say this is one of the best videos out there
I'm really impressed with Sharan's questions! Exactly he asked the same questions which came to my mind. Awesome and very insightful podcast. Please come with more like these!🙂
Glad you enjoyed it!
@@financewithsharan what to do with old credit card ? And disabling them affect cibil score ??
@@miteshvaru934 yes, it doesn't affect credit score
I have his first card what he mentioned(Axis select) .As someone who just started earning last year. Listening to this gives me motivation to earn more and do better in life.
1:17:14 expression of speaker says something wrong in question of Sharan bhai I think editor changed the question (i.e.., forwarded a little instead of holding to same question)
but literally this session is awesome I didn't expected this stuff from onepercentclub...
reallly hoping for such contents more
known that creditcard shares especially from HDFC,AXIS gona create a larger wealth in next 1 decade..
This is a good master class. Thank you. You should have him again for a miles masterclass.
That AMEX, Amazon Pay hack for so smart! Loved this Podcast 🔥🔥
Amazon pay charges extra atleast for me ?
Did you tried that ?
You have to pay additional 2.5% + gst when buying Amazon voucher from Gyftr.
Timestamp please?
Super engaging podcast. Loved this. This much extensive on credit cards is sure rare. Thanks 🙏🏻
Sharan knows how to nailed it with his query..great respect to ... The more I watch ur podcast the more it enlightens me. Ty.. Keep goin❤
I Have a Negative Cibil , still watched the whole podcast and felt shameful on every minute but still loved the whole conversation 😅😂
Unbelievable video, what an educational video, it convinces me to use a credit card however i feel you need to be having a lot of money and spending in luxury + flights and hotels which is not my spending pattern as he said fit the credit card to your spending not the other way around 😂
There is more tricky guys who have best in market cards without even earning money 😂
This video ia going to change life of some people 🎉
Its my 1st podcast i saw full length vdo of sharan podcast .thank u much needed info.❤😊
Whenever Sharan says crore - his eyes shines and automatically smile comes 🙂
Wow one of the best I have ever seen in Credit Cards usage, I am from axis bank did not know so much about axis magnum and Axis Atlas Card. Great Session Aly and Sharan, do something on credit card interest rates too ..
Only take a loan when it is absolutely necessary for your current survival and future growth,that is you should only take Education loan and home loan.(and a loan for your business expansion but only when you really really need it) These companies make these lucrative offers like 6%,10% cashback and this free hotel that free hotel but these are only to make you habitual of taking credit,people don't understand this simple concept that once you get hooked on this cycle of taking loans you never come back out of it.
But in order take a loan, you need a good credit score.
Credit cards allow you to get a good credit score.
@@kedarisgreatAsk any of your close relatives or friends who have a good credit score to add you as an Authorised user.
@@kedarisgreatBy getting added as an Authorised user you will get benefit from their on time payments.
@@dakshkataria4754 I did not understand your point. You may have some better insights.
1:07:10 💡one thing I liked in the video
enjoyed every sec of it ! W podcast !
Thank You So Much for the Wonderful! Knowledge ❤
After spending thousands of ₹ once i redeemed some rewards point to get 100₹ into account. The credit card company charged 100₹ for rewards redemption fee plus 18% gst. 18₹ loss.
Very nice guest thank you
Great informative and valuable video sharan👌🏻
Problem of life-style starts when you start disliking the stay at normal hotels once you are done with all the points after you stayed at such high priced 5-star hotels when you have lot of points.
True 😂
The points are never done. If you transfer it during the transfer window that Marriott runs, you get an additional 20-30%. And you are not going to stop spending on essentials.
👏👏👏👏👌👌👌🔥
Keep the same SIMPLICITY ಷರಣ ಅಣ್ಣ 🎉
This don’t make sense
Most credit cards don’t give points for rent payment , school fees payment or insurance or tax filing etc
So basically they will give points for just basic daily usage and getting a fancy card will simply make us to spend more money on something which we would have not spent on first place. So all these points and all is a scam.
Expect for very less people who spend a lot for their travels and etc for them it might be worth for others it’s just a way to go broke.
Hdfc biz black gives u point for all this..
Ever heard of INFINIA buddy???
Watching this video with infinia, magnus, atlas, plat travel, and amex platinum in my wallet. I am proud of my choices in cards 😂
What are ltf you have
I paid 299 to get this knowledge form the same duo. Insightful knowledge..!
any idea how sharan changed his color tone?.. he looks so good now
Bcz he's a millionaire
He just got richer tats all lol
you're dumb he did a skincare routine which reduced his melanin
Lights man
Aly's talks are more about being aspirational and live a luxury life.. need to ask Sharan, how to earn that much so that we can live that kind of life (even with the credit cards) 😅
They talk about salaries ranging 2-3 Lakhs a month like its average salary in India 😂
Excellent content! Thanks and need more of these. Would be interested how to convert airmiles to flight points and hotel points in more detail.
Very insightful podcast
At 22:56 his soul left his body when Sharan said that 2% is nothing :D He changed his whole sentence after that :D
Minute 1:07 all listen n hit thanks button 🤩
Humility of this podcast Guest 🙏🏻
I am a trader I'll make 20 30% yearly on the capital and then spend on card and get more points 😁
first thing all CC companies should do is make one point = one rupee. would be lot more easier to compare then.
So just to summarize todays financial youtubers funda.... dont buy a home thats waste of money but buy lot of credit cards spend using credit cards so that u can get 2 nights of stay at 5star hotel for free.. brilliant advise.
😂😂
what a great episode, looking forward to class as well.
It was a lovely podcast ❤.
Everything is basic. But this can be all the info In one place
Best to understand the HNI category of credit users. Recently SBI charged for an online shopping discount fee that is surprising customers to believe that they literally got scammed by sarkari bank.
SBI bank and SBI cards are different entities. SBI card is a private entity owned by SBI.
Credit card companies will see this video and fix all loopholes 😂😂
One very important point is, while using credit card aggregate Transaction of 10,00,000 and abobe crossed during year _ it reported to income tax AIR Report, so be ware of end use purposes
If u think u can beat big corporations banks and make money from them😂😂😂.. they r doing it for centuries and they invest crores of rupees to manipulate you.
Good episode Sharan 👍
Very educational video.
Thank you for the conversation.
Even Amazon gives cashback on bill payments often if paid by Amazon balance....👍
But we card use normal credit or rupees credit for Amazon Pay Balance they are charging 3% as convenience fee
This guy is just kid. I think I should start a masterclass.
Talk about redeeming the right way. -- The very first thing is to earn points by spending. The points to redeem for free international Flight/Hotel Stay (as talked in this show) is earned probably after spending minimum Rs. 1 Lakhs per month with an Indian credit card. ----- Most Indian credit card points have a 2 year Expiration Date. --- I too follow the principal of "TREAT CREDIT CARD AS A DEBIT CARD".
Real Video starts from 29:30 min, save your time ;-)
Good to hear. But practically can’t be applicable. People don’t work only on credit cards to get the points, they have their own business.
Here, Assume if a common man accumulated the points where they can spend in a luxurious hotel for free. But the person has to spend lot if money other than hotel stay at luxurious hotel.
But yeah once in a lifetime one can experience. But if you consider only money point of view definitely not worthy.
The definition of Indian middle class is earning ₹8000 a month, stop saying middle class
Such a big businessman and not having health insurance that too when staying in USA , cant digest it
The rich become richer . .
He didn’t talk about the annual fee on these cards. That will reduce the return on these cards particularly amex platinum travel.
what a great knowledge man
This was very interesting I will join your course
Finally A useful video. I am a fan but most of your videos are for HNIs only.. but this one is amazing. THANKS ALOT
Glad it was helpful!
All yours video useful@@financewithsharan
First rule…
U need money
That look on his face when Sharan removed the Infinia 😂😂😂
Mind blowing ❤ flowing
Love from Uttar Pradesh ❤❤
Which band you are wearing in right hand ?
Just an amazing video and learnt alot. Was not using my credit card effectively. Thank you Aly and Sharan for this. Just curious. If the credit card is devalued , will closing it affect cibil score?
This guys literally spoke all the methods, that means it will be closed soon
Amazing video
In detail understanding 🙏
Glad to hear that
There is an annual membership fee also that needs to be paid every year
This 1%Club Show is educating me on how to be a part of such a club! All thanks to Sharan, his team and Top 1% people Sharan brings on this show!
Sound Fake... nice try marketing his channel 😂
Bot
My dream is also to be an entrepreneur like u 😊
Is there any hack to pay rent through credit card?
We are not a H&I, i do not even get rewards points to a min. Level where i get smallest voucher or coupon.
Seriously, does this host even listen? He constantly cuts off the guest, making it impossible to hear what they have to say. And the constant "hmm" and "correct" - it's like he's trying to prove he's actually paying attention, but it just comes off as patronizing. Aly, you were brilliant, and you deserve a platform where you're not constantly being talked over. Ditch this amateur hour and start your own show !!
What is his score in CIBIL? How do you have 10 credit cards? How are you paying these amounts? I'm confused
More credit cards don’t mean reducing CIBIL. Understand what is revolving credit and you will know a lot.
Genius this guy
The gyftcard amazon hack does not work, atleast not for any of the HDFC cards as they charge 3% + GST
Works for AmEx. He was talking specifically about AmEx Gyftr.
Still works perfectly for Amex tho. And that's what he claimed
Even with the charge, the reward rate is close to 10%
@@akshaydhanukaonly for infinia and DCB
I tried with icici credit card it won’t work , they also charge 3% as convenience fee
Do we hv to pay the interest rate even if we pay before the expiry date??
many thanks !!! any time amex bonus reward points is expected ??.
Thanks ❤