This video is most relatable to High Network Individuals. Middle class- pls don't follow the stunts performed above. For upper middle class- you can definitely do but dont get addicted with it. Stay away from spending beyond your limits. Spending extra for a gift card or coupon which you may or may not be able to use doesnt sound great. I found travel related rewards amazing. Anyways, Stay safe😅
I am a newbie to credit cards. My understanding is that even if you get a discount or coupon by using credit cards you will be manipulated to spend more to avail the coupon. It‘s like purchasing something for 10000 rupees to avail the 1000 rupees coupon you have which you would otherwise have bought for 5000 if you had not had the coupon. Just because I am getting a coupon to avail at a 5 star hotel, I would not go to one. At least for me.
Completely agree. It’s difficult but if you can transfer your cash/ UPI/ Debit card spends (which are inevitable) to Credit card - you are earning a piece of pie on your spend. Not all rewards are in form of coupons encouraging to spend more. Most rewards are in form of points which you can convert into an airline/ hotel credit which you can completely redeem without a need to spend a single penny.
You are almost there. go deeper, you will never need a credit card. They just want you to have it. End of the day, every individual or a company want to make a money. They just trick people into spending more by giving rewards.
Yup…people like to believe that ohh we are saving so much money and all, without ever realising that u ultimately end up spending so much more…but yeah they are beneficial if u really chose to spend wisely
Just remember one statement - Money saved is Money earned. Credit cards work the opposite way, having said that dont be a miser and enjoy life in your own bounds.
Why do u think Credit Cards work the opposite way? I use credit cards heavily for my regular spends and have done three international trips in last two years where flights and hotels were paid for by Credit Card Points. Every household has a fixed amount of spends (Utilities, Insurance, Mobile, Internet, School Fees, Fuel) regardless or payment mode and discretionary spends. The focus is to earn maximum rewards on those fixed spends using Credit Cards.
It becomes a problem when folks start spending 1L just to maximise on a hotel booking of 50k through points. As long as the trip is already planned and this is just helping you make it cheaper, it's perfectly fine. These things should be explicitly called out, I feel.
@@tejasghongadi most of the credit cards have stopped providing points on bill payments like life insurance, term insurance, fuel purchase which is where major expenses happen for people. Earlier Amex rewards for providing points for these but have stopped now
one thing credit cards are doing certainy is they make you spend more and if you feel that you're saving money by spending more (which is what this guy is doing) you need to think it through. But as a beginner you can get the cashback cards and turn most of your spends like bill, or any purchases that you can make through credit cards you'll save 1-2% money. But problem with other type of cards is that they'll make you spend more and unnecessarily since you've to redeem those points to make you feel like you've "Saved" some money but you usually end up making other expenses or purchases which you wouldn't have done normally(like cost of fancy dinner, and other purchases which add up fast). So saving or returns of 7-8% is just a myth and not the complete picture if you analyze the scenario properly as you know credit card companies are there to make money not to give.
@@pscraft1337 that's what credit cards would make you do this is common knowledge and I felt this personally as well. given 2 option of same thing one you've to pay cash and is cheaper and another available on credit card but bit costly you tend to choose the latter. This is the same theory based on which credit card companies believe in and encouraging people to get credit card.
Bro gave us many reality checks in 19 minutes. One reality check to bro - You can get a priority checkin with a credit card, but you can not travel faster.
As per the details in video he is spending over 1cr on cards in a year.. 15 lakhs on Atlas, 15 lakhs on Infinia, 10-12 lakhs on Vistara-Axis, min. 10 lakh on Amex platinum, 4 lakh on Amex Platinum travel, 3 lakhs on Amex MRCC n many more
Gosh his family average spending itself is 30-40 lakhs a year and here majority of the people in our country working in corporates are not even making 1/4th of that as Income in a year
Neeraj - you got it wrong in multiple videos about Amex Platinum Travel. Platinum Travel annual fees is 5k, and you need to spend 1.9L to get 15k points and 4L to get additional 25k points and a 10k Taj voucher. How do you expect a 5L annual salary earner to spend 4L via Credit card? That’s impossible. Platinum Travel is for someone earning 15-20 Lacs. Even AMEX MRCC would be a best suited card for someone earning 8-10L rupees. Only card needed for someone earning 5L per annum (40K per month) - No credit card. Credit cards put you at a risk of easy/ mindless spending in hope of reward points/ benefits. Someone with this kind of earnings, should just focus on savings and little disciplined investment as much as possible.
lol I have friends earning 6LPA uisng amex to invest in NPS and making about 9% return in first year. Also AMEX is only cc company that gives you rewards for govt transaction. You have to know how to exploit. AMEX MRCC gives you joining bonus of 5K points, then every month additional 1k points if you spend 1.5k 4 times. Paying bills, insurance etc you can save a lot. And someone with bad habits can ruin themselves with 1CR income and one basic credit card. lol
He Is overrated i feel we should not forget the spending limit for him will eventually high mentally so which is leads to high spending of money .Which could have been saved . (The unnecessary expenditure )
You are wrong. I have 5 credit cards which come with a high credit limit. But I never spend for unnecessary things. You should have control over your finances. Also, I get multiple offers and cashback with the credit cards.
People who forget spending limit, Theirs or their credit card's, should anyways not be eligible to own money, leave credit cards. He is too intelligent to use all credit cards to his benefit.. He has understood his spends and the categories on which he spends, and is using cards wisely to get benefits.. You can't really punish him for having money and spending wisely
I have 10 CCs. 1. ICICI AMZ 2.FK Axis 3.Amex Pt Travel 4. SBI BPCL 5. HDFC Cashback 6.Indus Legend 7.HSBC plat 8.AU LT 9. RBL Plat 10. IDFC wow. I have closed city reward ,yes bank cc ,SC plat and SBI simply save recently
I have got SBI cashback credit card for 5% rewards online and 1% offline, sadly it don't offer lounge or that 10% discount during sales (like BBD, Puja sale). 2nd I have is Axis kiwi rupay credit card for UPI payment at small shop. 3rd I have is Amazon pay ICICI card for recharge and bill payments. 2% return. 4th is HDFC card which I hardly ever use, keeping it just to get 10% discount during sales probably. So all cards are lifetime free ( only SBI cashback has annual fees of 999+gst = 1189 rupees ).
Why 10% discount not in ecomm sales. I think this year great Amazon festival SBI was main card with incremental offers. Is cashback not allowed under normal category of 10%
This video doesn't add any value to middle class person, waste of time for them. Summary of this video is 1. spend more on credit cards and get rewarded with points or cashback 2. Apply different credit cards for different needs 3. Use the reward points earned to feel the luxurious wibe by staying in luxurious hotel or traveling in business flights
If you use X amount and pay back X every month then credit card is good. In a normal salaried lifesytle air travel and hotels (for leisure) are not common. Sometimes a sale does offer cashback for certain bank CC, that's also helpful to have. If you can pay the total that is due every month, CC is a boon. If you start living by paying 'minimum anount due', it's a curse because you pay hefty interest next month on remaining amount and so on. Also in some medical emergencies CC is useful. Don't get CC for lounges and avoidable/not-necessity spends. No one will waive your spent limit amout. Don't see it as a free money, it's on credit. You need to pay it one day anyhow.
Very informative video. I was thinking of how to best utilise my credit card spends. This video gave me the learning that travel rewards give the max roi
I hope people realise that these cards should be used only to capitalise on your spending habits. If your spending increases because of a credit card, you're doing it wrong. Basically, you should only have an expensive card if you would live an expensive lifestyle regardless of whether you own the card or not.
Instead of spending lakhs via credit cards in exchange of reward points, he could have just invested that discretionary amount and get a decent return and spend on a holiday..so everything is perspective i guess..moreover, he doesn't talk about airport lounges which is a big plus of credit cards
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Very helpful video and informative. Credit cards are beneficial provided you spend wisely. Spend whatever you are spending on, but use credit card as a medium, just to earn rewards. Ultimate motive should be to earn from your actual spending. Never get greedy for lucrative offers and end up overspending.
To enlighten the other side of the story, I am not sure what worth would a $2500 vacation add to my life. Call it old-school, but this is just showing off life that you can't afford. Reward points and credit is good but making return on expenses doesn't make sense if your expenses aren't in control first.
Sab moh maya h. Basically use any card wisely. Now with social media influence, people tends to spend too much. At the end these spending are converted into emi and thats how these card company earns. With every app comming with their own card tied up with some to save transaction charges. Just keep some cards to buy anything as oer usage. Dont get into trap of rewards point wagarh .
Hey! You seems to know! Can you tell, if you may, among which credit cards should I choose from just for travel purpose (incl. Airport Lounge access), Domestic and International, whenever I do? What are good options?
Depends bhai. Kisi ko har mahina flight lena ho ya hotel book karna ho to? To cc apne jarurat ke hisaab se hi Lena chahiye. LTF card hi to alag baat hai.
I want to explore benefits but am still not convinced to bring this much cognitive load of thinking what card to use when and what rewards and offers to track. I want a single card that does it all, and a concierge/ai to hunt and personalised rewards for me. This should be a 5mins per month excercise max.
What I understood is in most of the cases its required to spend 2-3 lakhs on an average per annum. Now, if I have to maintain 10 cards in order to reap the benifits my spends per annum would be arround 30 lakhs easily.
Brilliant video and almost answered all my queries. Nishant asked all the right questions and Niraj was very candid about everything. Thanks a ton! However, I have SBI Elite Card so how would you recommend spending the RP since not many options are there in the catalogue and are too pricy. Cheers!
Not really aligned with this philosophy, especially for folks starting out. If you were just making a spend to optimise on credit card benefits, it's not always good. Say you have 10000 points and you are able to get a value of 50000 rs(own cash of 5k for necessary spends) with it(you normally stay at a 10k hotel). In another scenario you get a 10k flight with the 10k points which you have otherwise spent in cash. Which do you feel is a better deal.
Nothing is free in this world. Card is a business and they make money. They play with human tendencies to make money. Avoid credit card and have peaceful life. Greed is the root cause of any destruction.
I agree but credit card is not for the weak heart who has no control on spending. I see people who live completely on credit card and still happy. And some people struggle with credit card. I use credit card but I always try not to spend 50% of your salary. So try to spend credit card less or equal to 20 to 30% of your salary.
Axis Atlas (next best option), Axis Vistara Infinite (if you live in major city), HDFC Regalia (if you are eligible), ICICI Emeralde Private Metal Credit Card (invite only, but check with RM if you have ICICI WM account), AMEX Platinum Travel (for spends up to INR 4 lacs), AMEX Platinum Charge (if you can afford).
I have a question - on what things he is spending 40lakhs. In order to get those 2-3 lakhs return. Like is he spending that amount on travel or for everything from household stuff(food, clothes, electricity and all) to buying accessories.?
He buys a keyboard costing 20k. Smart watch 80k. Shoe 50k. He has queries choosing those on twitter. This video is for people who are above middle class line AML.
This video was the reason I started looking at premium credit cards and today I’m getting an infinia metal. My RM says I was eligible for it since 2019/20 . Feels like I lost a lot because of lesser knowledge Thanks Wint Wealth 😊
Is he owns so many cards with so many annual charges.... Its really fish bro... Kindly do video for majority people... I really appreciate his mindful.
Clearly explained and the questions r very specific & upto the point. Bcos of time constraints they have edited a lot i guess. How he pay the bills on due date.? Just curious. Any apps other than cred.? Over all an excellent eye opener regarding credit card.
So he mentions that he will travel to the property which honours the most points, so your vacation is dependent on the property and not your place of liking.
When you go to an Airport, to travel, first you have to do a Check-In, after entering. Which is basically a reporting that you have arrived, submit your luggage and get your boarding pass. And under priority check-in you will be given a priority for all this process. Priority over other non-priority passengers. Saving your time and you from crowd.
also any bank or card discount discount whenever he purchases he can get that extra off as well, he must be having all the cards where the offers would be there.
I would invest my brain in earning more instead. I deny banks for giving me cards. They keep calling me😂😂😂. My brother got trapped badly though he was serious in spending.
First of I don't know why people think spending money will lead to a problem with the IT department, yes they'll probably send you a notice all you have to do is send a reply stating your sources it is not complicated. If you have legitimate sources on income you don't have to worry about a thing.
![[TH] 2024 PMGC League | Survival Stage วันที่ 1 | PUBG MOBILE Global Championship](http://i.ytimg.com/vi/FVFT-PFwU80/mqdefault.jpg)
Sources to Track Credit card offers:
x.com/contliving
x.com/tejasghongadi
x.com/drgrudge
x.com/livefromalounge
x.com/thetrickytrade
www.youtube.com/@dugarniraj
www.livefromalounge.com
www.cardexpert.in
www.technofino.in
www.thepointsguy.com
Great
See his family's monthly expenses are around four - five lakhs!!!
How many families in our Nation have such capacity??
Great
This video is most relatable to High Network Individuals.
Middle class- pls don't follow the stunts performed above. For upper middle class- you can definitely do but dont get addicted with it. Stay away from spending beyond your limits. Spending extra for a gift card or coupon which you may or may not be able to use doesnt sound great. I found travel related rewards amazing. Anyways, Stay safe😅
Exactly this same thing came in my mind... Thanks for sharing this precation warning, this should be shared by creator in start or end of the video.
You mean to say...High Net worth?
Travel benifits on 10k card. I would but stocks❤
Even lower middle class people can use CCs. You need to be wise with your money.
Net worth! 😂
I don't waste time and money on credit card.....i focus on increasing my cash flow
matlab phelal aap berozgar ho
@@JEE2025-mz8jl i have enough money thats why I don’t depend on credit card
@@JEE2025-mz8jl😅😅😅
hahaha , idiot
@@JEE2025-mz8jlApni tarah harek ko mat samajh padhai kerle JEE tujhse na ho payega
I am a newbie to credit cards. My understanding is that even if you get a discount or coupon by using credit cards you will be manipulated to spend more to avail the coupon. It‘s like purchasing something for 10000 rupees to avail the 1000 rupees coupon you have which you would otherwise have bought for 5000 if you had not had the coupon. Just because I am getting a coupon to avail at a 5 star hotel, I would not go to one. At least for me.
Completely agree. It’s difficult but if you can transfer your cash/ UPI/ Debit card spends (which are inevitable) to Credit card - you are earning a piece of pie on your spend. Not all rewards are in form of coupons encouraging to spend more. Most rewards are in form of points which you can convert into an airline/ hotel credit which you can completely redeem without a need to spend a single penny.
100% correct
You are almost there. go deeper, you will never need a credit card. They just want you to have it. End of the day, every individual or a company want to make a money. They just trick people into spending more by giving rewards.
Everyone is different. For my use case, I have to book high end hotels for my travels.
Yup…people like to believe that ohh we are saving so much money and all, without ever realising that u ultimately end up spending so much more…but yeah they are beneficial if u really chose to spend wisely
He has a deck of credit card. At check-in, he must be like "Pick a card, any card"
😂 magician : pulls more cards out of his sleeves.
When he said 30 to 40 lakh yearly spend, closed the video 😅
Same 😂
we 30 to 40 thousand in a Year...
Samee😂
@@piyushpithava8540ya maximum 😂.
Haha credit card experts are posible only if you spend like that. Else max you can make very less cb
I use infinia, definitely the no. 1 card for sure.
how much renewal charges you pay?
Just remember one statement - Money saved is Money earned. Credit cards work the opposite way, having said that dont be a miser and enjoy life in your own bounds.
Why do u think Credit Cards work the opposite way? I use credit cards heavily for my regular spends and have done three international trips in last two years where flights and hotels were paid for by Credit Card Points. Every household has a fixed amount of spends (Utilities, Insurance, Mobile, Internet, School Fees, Fuel) regardless or payment mode and discretionary spends. The focus is to earn maximum rewards on those fixed spends using Credit Cards.
@@tejasghongadiwhat card do you use?
It becomes a problem when folks start spending 1L just to maximise on a hotel booking of 50k through points. As long as the trip is already planned and this is just helping you make it cheaper, it's perfectly fine. These things should be explicitly called out, I feel.
@@adarshlakshmanan he is pro... Credit card spend for them is easily 50k per annum easily..stay away if you dont know cards
@@tejasghongadi most of the credit cards have stopped providing points on bill payments like life insurance, term insurance, fuel purchase which is where major expenses happen for people. Earlier Amex rewards for providing points for these but have stopped now
one thing credit cards are doing certainy is they make you spend more and if you feel that you're saving money by spending more (which is what this guy is doing) you need to think it through. But as a beginner you can get the cashback cards and turn most of your spends like bill, or any purchases that you can make through credit cards you'll save 1-2% money. But problem with other type of cards is that they'll make you spend more and unnecessarily since you've to redeem those points to make you feel like you've "Saved" some money but you usually end up making other expenses or purchases which you wouldn't have done normally(like cost of fancy dinner, and other purchases which add up fast). So saving or returns of 7-8% is just a myth and not the complete picture if you analyze the scenario properly as you know credit card companies are there to make money not to give.
Like how do you know he spending on things that he wast going to spend in cash?
@@pscraft1337 that's what credit cards would make you do this is common knowledge and I felt this personally as well.
given 2 option of same thing one you've to pay cash and is cheaper and another available on credit card but bit costly you tend to choose the latter. This is the same theory based on which credit card companies believe in and encouraging people to get credit card.
nice pov
It definitely does. People do or not depend on peoples self control. But it definitely lure people to spend more
True many people spend more to just wave of annual fees of 500. And come in debt trap. Block Bank number
I have American Express Platinum Card. Got 65K Taj Voucher.
Planning to close it now.
Please can u give me one referral
Why you closing this card
@@Riftking3rd: I can give you referral if you want?
@@Riftking3rdit's fees is 70k
That card costs 60,000 and taxes for annual membership. You've not actually made anything from it.
Bro gave us many reality checks in 19 minutes.
One reality check to bro - You can get a priority checkin with a credit card, but you can not travel faster.
At times Priority check-in matters.. & you can get 30 mins of extra sleep
Thanks Megha for the info
Bro is a credit card GPT. 😂
As per the details in video he is spending over 1cr on cards in a year.. 15 lakhs on Atlas, 15 lakhs on Infinia, 10-12 lakhs on Vistara-Axis, min. 10 lakh on Amex platinum, 4 lakh on Amex Platinum travel, 3 lakhs on Amex MRCC n many more
😂😂 he is credit card ambani
He's doing all calculations in his mind 😮
Mind blowing memory!!
Gosh his family average spending itself is 30-40 lakhs a year and here majority of the people in our country working in corporates are not even making 1/4th of that as Income in a year
They don't need credit card.. They need to upskill and earn more
skill issue
Wow. This is insane! I won't be surprised if HDFC and ICICI are trying to hire him already, to head their CC marketing!
Neeraj - you got it wrong in multiple videos about Amex Platinum Travel.
Platinum Travel annual fees is 5k, and you need to spend 1.9L to get 15k points and 4L to get additional 25k points and a 10k Taj voucher.
How do you expect a 5L annual salary earner to spend 4L via Credit card?
That’s impossible. Platinum Travel is for someone earning 15-20 Lacs.
Even AMEX MRCC would be a best suited card for someone earning 8-10L rupees.
Only card needed for someone earning 5L per annum (40K per month) - No credit card.
Credit cards put you at a risk of easy/ mindless spending in hope of reward points/ benefits. Someone with this kind of earnings, should just focus on savings and little disciplined investment as much as possible.
Absolutely right!
lol I have friends earning 6LPA uisng amex to invest in NPS and making about 9% return in first year. Also AMEX is only cc company that gives you rewards for govt transaction. You have to know how to exploit. AMEX MRCC gives you joining bonus of 5K points, then every month additional 1k points if you spend 1.5k 4 times. Paying bills, insurance etc you can save a lot. And someone with bad habits can ruin themselves with 1CR income and one basic credit card. lol
I think he said spend of 5L and not income of 5L. I just rewatched and confirmed. I could be wrong though
Not salary of 5L but spending of 5L
Lol 😂 do you think one will get approval for amex card with 5LPA ? Come on yaar kuch bhi
I only own SBI simply save and getting mostly all OTT subscriptions for year on spending of 2-3 Lac/year. I don’t want more than this. Be minimalist.
Please elaborate more on this Card and how are you saving on OTTs
so true w minimalist topic!
I who never plan to own a credit card but still watching the video out of curiosity.
forced. to watch
He Is overrated i feel we should not forget the spending limit for him will eventually high mentally so which is leads to high spending of money .Which could have been saved . (The unnecessary expenditure )
Exactly!!!! You are right!!!
You are wrong. I have 5 credit cards which come with a high credit limit. But I never spend for unnecessary things.
You should have control over your finances.
Also, I get multiple offers and cashback with the credit cards.
I have a credit card with 4.8L credit limit. I rarely spend above 5k
I dont think you know what overrated means
People who forget spending limit, Theirs or their credit card's, should anyways not be eligible to own money, leave credit cards. He is too intelligent to use all credit cards to his benefit.. He has understood his spends and the categories on which he spends, and is using cards wisely to get benefits.. You can't really punish him for having money and spending wisely
sbi cash back card is the only most beneficial card for most of the public in our country
I have 10 CCs. 1. ICICI AMZ 2.FK Axis 3.Amex Pt Travel 4. SBI BPCL 5. HDFC Cashback 6.Indus Legend 7.HSBC plat 8.AU LT 9. RBL Plat 10. IDFC wow. I have closed city reward ,yes bank cc ,SC plat and SBI simply save recently
Does having around 10 credit cards mean you'll have to pay higher ITR?
I have 26 and counting -
@@atuljaishyam4261 not even related, no
No@@atuljaishyam4261
A great example of Hypercalculia
Ultimately people spend more just to get more rewards and cashback, it is cycle people thinking they're winning but banks are the winner
No dear those expenses you do with upi do with cc. Choose right cc for your expense life style
He can start a credit card rental service for sure
Bhai sirf 2 hi card ache hain ICICI Amazon Pay and HDFC Infinia.
Baaki variety and offers ke lye ek Rupey aur Amex Gold charge rakh sakte ho.
Unfiltered advice !
👍🏼
Is ICICI Amazon Pay good for travel purpose?
Does it have access to Airport Lounges? Domestic/ International?
I have got SBI cashback credit card for 5% rewards online and 1% offline, sadly it don't offer lounge or that 10% discount during sales (like BBD, Puja sale).
2nd I have is Axis kiwi rupay credit card for UPI payment at small shop.
3rd I have is Amazon pay ICICI card for recharge and bill payments. 2% return.
4th is HDFC card which I hardly ever use, keeping it just to get 10% discount during sales probably.
So all cards are lifetime free ( only SBI cashback has annual fees of 999+gst = 1189 rupees ).
How do you get 2% return on Amazon Pay ICICI card for bill payments?
@JagathPrasanna monthly it'll be added as amazon pay balance to your anazon account.
how to get Axis Kiwi upi card ?
For insurance payment does Amazon pay ICICI CC offer any cashback?
Why 10% discount not in ecomm sales. I think this year great Amazon festival SBI was main card with incremental offers.
Is cashback not allowed under normal category of 10%
Absolute goldmine content guys! Loving these vids. Would want to feature in one of them someday xD
This video doesn't add any value to middle class person, waste of time for them. Summary of this video is
1. spend more on credit cards and get rewarded with points or cashback
2. Apply different credit cards for different needs
3. Use the reward points earned to feel the luxurious wibe by staying in luxurious hotel or traveling in business flights
He's done his Master's in Card Administration! ☺️
Wow! bro he is supercool and absolutely clear about his credit cards. Gem recommendations.
Yes indeed!
If you use X amount and pay back X every month then credit card is good. In a normal salaried lifesytle air travel and hotels (for leisure) are not common.
Sometimes a sale does offer cashback for certain bank CC, that's also helpful to have.
If you can pay the total that is due every month, CC is a boon.
If you start living by paying 'minimum anount due', it's a curse because you pay hefty interest next month on remaining amount and so on.
Also in some medical emergencies CC is useful.
Don't get CC for lounges and avoidable/not-necessity spends. No one will waive your spent limit amout.
Don't see it as a free money, it's on credit. You need to pay it one day anyhow.
👍🏼
Very informative video. I was thinking of how to best utilise my credit card spends. This video gave me the learning that travel rewards give the max roi
I think you should also factor in the cost of your time to keep up with deals, points and all this BS
😅
A utility has become an occupation! ☺️
I hope people realise that these cards should be used only to capitalise on your spending habits. If your spending increases because of a credit card, you're doing it wrong.
Basically, you should only have an expensive card if you would live an expensive lifestyle regardless of whether you own the card or not.
Jitna inka cashback hai utni meri salary hai 😐
meri usse bhi kam 😂🥲
Per day?
skill issue
Credit card has many hidden rules and traps. Focus on making ‘more money instead of just saving.
The Best thing is to have and use a Debit card and tear up any and all credit cards. This is to make sure we do not spend money we do not have.😀
Instead of spending lakhs via credit cards in exchange of reward points, he could have just invested that discretionary amount and get a decent return and spend on a holiday..so everything is perspective i guess..moreover, he doesn't talk about airport lounges which is a big plus of credit cards
Lifestyle is important too. I used to save everything. Bad idea.
This guy has a Ph.D degree in credit card management 🙏🙏🙏🙏
Who all here are missing the golden days of Magnus?
Ahh after devaluation, many people closed it..
*wink wink*
@@LakshyaSangwani 😎
Where are you guys migrating to?
@@hdali1 hdfc classic debit card
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Is video ko dekhne ke baad aisa gareebo wala feeling aa raha mere ko
😂
Video is adding values. Thank You for this video ☺️
Focus on making more money so that you don't have to go through all of this !
Value packed conversation. Great work, Wint Wealth!!!
Glad you enjoyed it!
very good knowledge in this video thankyou sir for making this videos
Watching wint videos let's me know how rich people are there in this country 😭
Very true. 😭😭
Bhai hey video dekh ke utilize karne keliye aur 10-20 years wait karna padega ☠️🫠shiot
Very helpful video and informative.
Credit cards are beneficial provided you spend wisely. Spend whatever you are spending on, but use credit card as a medium, just to earn rewards.
Ultimate motive should be to earn from your actual spending. Never get greedy for lucrative offers and end up overspending.
To enlighten the other side of the story, I am not sure what worth would a $2500 vacation add to my life. Call it old-school, but this is just showing off life that you can't afford. Reward points and credit is good but making return on expenses doesn't make sense if your expenses aren't in control first.
If 2500$ is just 1% of income then that's not showoff
What worth is 2500$ in your account? Just travel visit places and enjoy life, we dont know if tomorrow is our last day on earth!
Sab moh maya h. Basically use any card wisely. Now with social media influence, people tends to spend too much. At the end these spending are converted into emi and thats how these card company earns. With every app comming with their own card tied up with some to save transaction charges. Just keep some cards to buy anything as oer usage. Dont get into trap of rewards point wagarh .
Debit is the best credit card you could have period. 🙂
I can't stop laughing after watching Regalia's return 🤣🤣🤣
Understand you need to have 5-6L per month expense. Else just have 1 card with good cashback. Have 5L income per year
Hey! You seems to know!
Can you tell, if you may, among which credit cards should I choose from just for travel purpose (incl. Airport Lounge access), Domestic and International, whenever I do?
What are good options?
credit card master class.
The only credit card that makes absolute sense is the cashback category, rest is moh maya, bhagna hain toh bhago 😅
Depends bhai. Kisi ko har mahina flight lena ho ya hotel book karna ho to? To cc apne jarurat ke hisaab se hi Lena chahiye. LTF card hi to alag baat hai.
I want to explore benefits but am still not convinced to bring this much cognitive load of thinking what card to use when and what rewards and offers to track. I want a single card that does it all, and a concierge/ai to hunt and personalised rewards for me. This should be a 5mins per month excercise max.
Yes! 👍🏼
The card should be a utility, and not an occupation! ☺️
What I understood is in most of the cases its required to spend 2-3 lakhs on an average per annum. Now, if I have to maintain 10 cards in order to reap the benifits my spends per annum would be arround 30 lakhs easily.
Valuable insights; Thank you for sharing.
Just remember one thing, Nothing in the world comes for free. And smart banks certainly aren’t going to offer anything for free.
Brilliant video and almost answered all my queries. Nishant asked all the right questions and Niraj was very candid about everything. Thanks a ton! However, I have SBI Elite Card so how would you recommend spending the RP since not many options are there in the catalogue and are too pricy. Cheers!
Annual expenses upto 5 Lac - Amazon ICICI
I feel the rest is all irrelevant and misleading. 😅
Sbi cashback is better than amazon icici
Not really aligned with this philosophy, especially for folks starting out. If you were just making a spend to optimise on credit card benefits, it's not always good. Say you have 10000 points and you are able to get a value of 50000 rs(own cash of 5k for necessary spends) with it(you normally stay at a 10k hotel). In another scenario you get a 10k flight with the 10k points which you have otherwise spent in cash. Which do you feel is a better deal.
Perfect thing.. this credit guys have spoiled others mindset
best cards for middle class are amazon icici card, hdfc tata cards and swiggy card. close the chapter
If u don't spend 40L a year stop watching this videos. Save your time.
Wtf is Consierge, seems like real life Better Call Saul 😭
Yeah lol, It legit has helped people, I have seen threads on reddit where concierge were a lifesaver during international trips
godawful video
for petrol i use iocl card
for grocery I use tata neu ,
for lounge access I get many cards which are ltf
Good video...in first 5 seconds I could stop and move on.
Seems like bro dreams about credit cards!
Very nice information. Can you please discuss investment in windwealth platform for investment for very small investor
VERY INFORMETIVE VIDEO
Lol, they removed the video while I was halfway through, made me sad. Looks like it is back now with infographics.
Really good and unique video
Thanks a lot
Do you have to make a compulsory transaction on each card every month??
Nothing is free in this world. Card is a business and they make money. They play with human tendencies to make money. Avoid credit card and have peaceful life. Greed is the root cause of any destruction.
I agree but credit card is not for the weak heart who has no control on spending. I see people who live completely on credit card and still happy. And some people struggle with credit card. I use credit card but I always try not to spend 50% of your salary. So try to spend credit card less or equal to 20 to 30% of your salary.
Nyc efforts 👌
I have 42 credit cards
WHY MAGNUS GOT DEVALUED! So badly looking for a replacement card against this :(
Axis Atlas (next best option), Axis Vistara Infinite (if you live in major city), HDFC Regalia (if you are eligible), ICICI Emeralde Private Metal Credit Card (invite only, but check with RM if you have ICICI WM account), AMEX Platinum Travel (for spends up to INR 4 lacs), AMEX Platinum Charge (if you can afford).
Bhai the way both are talking feels like It's very common for Indians to earn 1 Cr / year
Finally someone told
@@lakshmi1994-d4t You mean it's easy for all! 🤔
I have a question - on what things he is spending 40lakhs. In order to get those 2-3 lakhs return. Like is he spending that amount on travel or for everything from household stuff(food, clothes, electricity and all) to buying accessories.?
He buys a keyboard costing 20k. Smart watch 80k. Shoe 50k. He has queries choosing those on twitter. This video is for people who are above middle class line AML.
Amajing video
This video was the reason I started looking at premium credit cards and today I’m getting an infinia metal.
My RM says I was eligible for it since 2019/20 . Feels like I lost a lot because of lesser knowledge
Thanks Wint Wealth 😊
Is he owns so many cards with so many annual charges.... Its really fish bro...
Kindly do video for majority people... I really appreciate his mindful.
Clearly explained and the questions r very specific & upto the point.
Bcos of time constraints they have edited a lot i guess.
How he pay the bills on due date.? Just curious.
Any apps other than cred.?
Over all an excellent eye opener regarding credit card.
So he mentions that he will travel to the property which honours the most points, so your vacation is dependent on the property and not your place of liking.
these hacks i have been using since 2015 and gathered more than 2L points. But he is not calculating the fees on those cards.
what is priority checkin and priority baggage????
When you go to an Airport, to travel, first you have to do a Check-In, after entering. Which is basically a reporting that you have arrived, submit your luggage and get your boarding pass.
And under priority check-in you will be given a priority for all this process. Priority over other non-priority passengers. Saving your time and you from crowd.
also any bank or card discount discount whenever he purchases he can get that extra off as well, he must be having all the cards where the offers would be there.
The video ended for me at "I spend 30-40L anually"
If my limit is 5L/15L, are you suggesting to use entirely to claim suchs benefits??
Equipment ?
I would invest my brain in earning more instead. I deny banks for giving me cards. They keep calling me😂😂😂. My brother got trapped badly though he was serious in spending.
Can we consider card limit as emergency fund ?
Yeah can be done but always try to save for some emergency fund 😊
No
No, how will you pay it back after 45 days cycle. Easiest way to get into a debt trap
Better to have an emergency fund. if you have, then you can use credit card to pay and close it using emergency fund.
Yeah if you have not easily liquidiable emergency fund. Like 10 days
Someone who spends 40 lakh in a year will have a luxurious holiday in 2.8 lakhs what a joke.
He said 40 lakhs for whole family...
Someone who can't read or understand statements properly shouldn't be making fun of anyone 😂
He mentioned ICICI Amazon card (3%) but didn't mention Flipkart Axis card which is 5% on Flipkart, 4% on Swiggy and Ola, and 1.5% on everything else
I think it’s because icici amazon card is free for life where as axis flipkart is not
Flipkart card got devalued only 1% on offline spends now
Didn’t make any sense to spend more to get smthng free
I started working and my salary is 15k
Should I buy a credit card?
Bro..where is the list of forums he was talking about?
Wont be there any problem if you spend more than 10 lakhs through credit catds? I mean, in view of income tax also?
Yes this guy must fill the ITR OF higher range
First of I don't know why people think spending money will lead to a problem with the IT department, yes they'll probably send you a notice all you have to do is send a reply stating your sources it is not complicated.
If you have legitimate sources on income you don't have to worry about a thing.
He is a financial adviser expert. He won't be evading tax to get headache like that basic stuff