I use 3 cards now and my father being a banker taught me nitty gritty of credit card usage very early on when my father was unwell and I had to make most of the purchases. And honestly, credit cards have helped me a lot but I could only reap their benefits due to the lessons I had which sadly enough, most people don't have. Kudos to the team for educating people this important but often ignored topic.
This video proves India have GDP way more than reported. she said 1.4 trillions ruppee of spending on credit card usually pay by their incomes+ Profits of all listed cos close to 5L crores+ Tax collection by all Governments are close to 75L crores. Still not accounted MSME and Agriculture income
@@varunmittal3617 Your Maths is out of the league of this world. 1.4 trillions rupees is less than 17 billion USD 17x12=204 billion, Also most of the transaction money have been counted multiple times and its nowhere close to 3.5 trillion GDP of India
4:05 MadterCard, VISA, American Express are not Credit Information Companies. There are four CIC in India - CIBIL, EQUIFAX, Experian and High Mark. Also, the score they provide isn't called CIBIL 3:59 (a general misconception); it's called credit score.
While we're at it, I should also point out that the statistics they provided don't give any meaningful insight on the situation. A person who spends a lot is more likely to have a credit card therefore the spends on credit cards will obviously be higher than debit cards which are held mostly by conservative spenders. Correlation doesn't mean causation.
@@AllenBaby7 Yes, that's true. But recently SIDBI, CIBIL & OPL launched something called FIT Rank for the MSMEs. It uses (most probably) AI & machine learning to predict a particular MSME becoming NPA. So, we can expect something like that in the field of credit card or any sort of personal loan in near future.
English content creators are becoming a rarity nowadays in India because you know why, good to see your channel push english content that are top-notch and seems thoroughly researched. Not to mention the quality of the presentation. Do not expect your channel to grow exponentially but I can assure that you are going to have a very strong commmunity!!!
I disagree, There are hundreds of people who push English content, but ample creators who push quality wise but I agree that Aevy TV pushes creative content which is unique.
As a south Indian who doesn't understand a single Hindi word , this channel is the best thing on TH-cam. I Appreciate you for keeping the content in English. Thank you !
As an East Indian, who doesn't understand a single word of south India language (Whatever that be), I thank the channel to keep the content in English.
Same man.. inspite of being a 22yr old.. Hindi is hardly ever spoken in Karnataka , Tamil Nadu, Telangana, Andhra, Kerala.. and this was really informative
@@thewatcher1947 Most of Indians don't understand a single word of East Indian languages (whatever the hell that is). Thankfully the channel's primary language is English. 😀
Use a credit card just as a debit card. Check your bank balance, if you can make it within the budget of a debit card, only then use the credit card and reap the benefits of grace period and reward points. I agree to all the 4 rules pointed at the end.
Half of iphones sales are because of easy loans and credit cards. Girls don't date guys who don't even have an 'iphone '. Society judges. Weak men fall .
Few rules I use for credit cards 1. Never buy anything that you don't have cash to buy 6 of that item at any moment 2. Credit card spend is only for purchases where it is risky to share debit card or account details like internet shopping
Kaafi pyaari Video editing. And A1 content as always. In the times, when other channels are influencing us to take credit cards, Aevy is showing us the real picture and the caveats that come with a CC. Amazing
My father was a high earning professional, I remember my parents using a credit card ever since I was a child. Due to personal reasons, had to get into a situation where our income was lesser but still fine. From that point point forward, I remember, everytime we had to pay off a large portion of the due or the entirety, something was sold. Cars, House or even Gratuity/PF. The only reason I see my self using a card is for the rewards, in a situation where I can actually afford stuff without a CC in the first place. I'd rather save money and invest lumpsum rather than for a few weeks.
I think credit card is kind of a mind game between the bank and the user, if the user is smart and effectively uses his credit card to get all the benefits and pay on time then bank will lose money on the user but many people dont do this which is a big advantage for banks and a big source of income.
Thats a very infornative video and a must watch video for everyone who is obsessed with credit cards. Thankfully, being a professional myself and having a decent lifestyle, I always had a decision not to use credit cards unless under grave circumstances and hence, I don't even own one. Having less is much more preferable than being under a mount of debt.
Using credit cards is good, just need to make sure you are paying on time to avoid those interests. Only spend within your budget and pay from your budget at the start of every month
Who'd even teach me this stuff, I'm 18 and have zero knowledge about everyday stuff i need to learn after getting a job. School only taught me to solve MCQs in 5 minutes lol.
I have been using credit cards for more than 5 years now and have like 20+ cards for different uses, it's a useful instrument only if you track your expenses carefully and stick to your budget. But if you are a spendthrift it's gonna put you in really bad position financially. I always advice that you spend only that much amount from your credit card that you have in your bank account so that you can get 50days interest free loan and earn interest on the amount and pay as soon as the bill generates.
Hey guys let make some cash if u are from United state and if you have active credit card that have debt or bank account $2000-$15000 and NO CASH NEEDED to get the money.
Missed out on a really valuable point, which is that you can very easily dispute fraudulent transaction. This is the number 1 reason why I prefere credit cards, debit card frauds are very hard to dispute and get your money back. With credit cards it's just a matter of tap/call.
Outstanding vid as always. An excellent topic made simple and interesting. Great production quality, with the exception of sound mixing. At some points like 10:10 volume went from muffled to clear and vice versa, something for the editing team to focus on lol. You guys are gonna make it big. And for that every small bit matters. Kudos and cheers
I have three credit cards, i follow all the rules strictly. Also, maintains a automated excel sheet which track my expenses and make sure i do not exceed the limit. I don't even spend 10% of my total credit limit.
@@socka29 you've to put formulas, and use the statements of banks, credit cards or enter by yourself. Rest of the work my excel sheet do by itself. Investment, banks, funds, spendings I track my every penny with excel.
I love this channel at a huge rate that i cannot stop myself to meet u guys and if i have a superpower of increasing someone channel's subscribers first i wish to do for ur channel guys love ur content and making of ur videos One suggestion if the team sees the message is try to include links for the collected information such that we also can do research and understand even better and analyze the trends. I cannot resist myself without posting the comment
I don't know if it applies in general but where I am from has a system of auto-debit which links your bank account to your credit card account and automatically transfers the full amount of bill on the last day of your billing cycle. You just have to enable it once and then you just make sure you have enough money in your linked bank account. There is no fear of forgetting to pay. Also you can pre-instruct your card authority to block further transactions if you hit a given (defined by you) amount of bill within a month. That gives you an automatic safeguard against over-spending.
@@mrvikaskumar7507 Of course! Your linked account must have money at the time of automatic billing and payment. Having that option saves you from unintentional late payment.
My friend has a credit card all of our friend use that credit limit in order to get discounts to ultimately his spending increases but on an individual level he doesn't spend that much and therefore i think many people do this and the original card holder personal expenses are a little less
I've been using credit cards for 5 years or so and I've got many free flights, hotels and discounts. My bank has an option of auto-pay. So the entire bill gets debited automatically from my bank account at the end of the billing cycle. So no worries on that. I've never paid any hidden charges. I use debit card for cash and credit for everything else and earn points on every rupee spend. So it's a wise decision if you are aware!! + I also have a free Priority Pass so i have unlimited lounge across the globe for my whole family with one card.
My uncle once swapped just 500 in card and forgot to pay for 2 years Then they put fine and compounding interest and interest to fine to make it 18,000
I use my credit card mainly for fixed expenses like electricity, water, gas, fuel, mobile bills etc. So basically only the first month ever is interest free and from then on its as good as paying the bills on time. This makes for a regular repayment habit and my credit utilisation is well below 30%. Win-win! And where ever possible I have tried to shift to fully lifetime free cards like the ICICI Amazon Pay card or Flipkart Axis Bank card or similar.
I just turned 18 on 25th Dec and I was discussing in getting a credit/debit card for my personal uses, now I get why my parents were telling me to get a debit card. Thanks for this informative video
You guys doing a GREAT GREAT JOB . Many finance influencers are selling off to these credit card brands and in turn advertising credit cards in an EXTREMELY MISLEADING WAY . This is what i was trying hard to explain to my friend. I also have a credit card but use debit card because of exactly the reason "Credit card makes you think you have more money than you actually have" . He was just not listening to me and arguing with me even though i was the one trying to help him only. Yeah Credit Cards are evil business. Right now 1 more bank is trying since last 6 months to give me a credit card but i am just ignoring hard exactly cuz i am aware of Credit Card Business. If i ever need a loan then i will take personal loan and not credit card loan thingy.
I think Aevy TV should make videos to increase financial literacy and awareness as well. Just an idea for you guys :- create a short channels specifically for such content.
No please not shorts. Shorts give you a false sense of being informed, it is scientifically proven that shorts fuck with your brain to a greater extent than you can imagine. Aevy TV is doing good work and I'd hate for them to become that typical finance shorts channel.
Yes it will be good for them. They will put shorts on the main specific topic to their specific videos.. So that they will grow on both shorts as well as long ones..
Why there are different gain levels of audio in different sections....there is different volume in some parts ...like from 10:18 the audio is gained. Btw the production is great .. just a feedback that I observed
Eagerly waiting to join the next " video-editing cohort". Couldn't join this time because of my board exams. I wouldn't lose the next opportunity at any cost. LOVE THIS TEAM 💞💞
I got multiple calls from concerned banks about how I'm qualified for their credit cards but my intuition always said no. Now I know the why 🤭 Thanks, nice video, learnt stuff.
Credit cards are a good thing if you are using them wisely. I told you my story I don't have a cibil score when I was in my first year of graduation. So I made a fd of rupees 10k then I took a credit card against it. The credit limit of that card is 90%of my fd in my case it is 9000 rupees because that limit is low and as a college student we don't need so much credit. That thing made me have a habit of using my credit card effectively. Now my cibil score is 800+ and i am using almost 10 credit cards now. I don't just learn how to use a credit card but to make your cibil score from scratch.
Wish I had seen this like 3 years ago, Might've saved like 80-90k on interest . I was continuously paying min amount due untill i realised it kept increasing month and the total outstanding would never change , infact it kept increasing. Had to ask friends to help me out to get rid of that fucker quick . Please please never go for a credit card , if you do , make sure at any given moment of time you are capable to settle the full debt.
I asked my Relationship Manager about the "50 day Interest Free Grace Period" in India In Canada, credit card companies give you 21 days grace, after the end of the billing cycle, to pay off your entire balance interest free. My RM says, its the same here, 20-21 days grace period after billing cycle ends (usually 30 - 31 days) BUT in India they market it as "50 Days Interest Free Period" 🤷🏽♂
Totally agreee ... Nasha to h credit card me but i stricted the uses of CC for emergency purpose only also i Never used it for my any luxury. P.S. -: I detached my CC frm bank leaflet after 2 years of issuing. (So i can proudly say I'm controlling my inner needy 'n greedy person which can be soft influenced by peers)
Wait. 13:28 does not look like 77% and 23% to me 😆. And that covering of the other part with DP also seems suspicious 🤣 Did you guys think no one will notice that 😜. Great content anyways 👏👏
Thanks for making a video on this, BUT, ALL THIS INFORMATION IS PROVIDED ALREADY WITH THE BOOKLET YOU RECEIVE WITH YOUR CREDIT CARD, if you have the patience and the time to read it from A to Z , that is !! I clicked on this video thinking here would be some NEW information :(
I totally agree that if you have a credit card you tend to spend more but if you have financial discipline on monthly basis, credit cards are just amazing instruments.
Amazing content as always but I have just one suggestion for you guys. Get rid off the little skits that you do in the middle. They add nothing to the narrative and just end up being distractions. I really love when you guys speak straight to the camera but the skits break this superb flow. Really appreciate the content
08:20 Using the RBI data for comparing the average spends of credit and debit card users is fundamentally flawed. Credit cards are rarely issued to employees/workers in non-organized sectors. So, credit card users are generally the high earners in India who have the potential to spend more. For a fair comparison, you should compare similar income brackets credit card vs debit card spends.
People forget credit card is loan your are taking from the bank. One more thing is you have to do is to monitor your credit report and immediately report if any issues. What i usually do with my credit card is set up all utilities and insurance in auto-pay. Set up auto pay from bank to card and always try to spend the amount in bank. Although I have not paid any credit card interest i have to admit i have overspent quite a bit due to credit card.
These are the questions I always wanted someone to answer!!! You guys cover very relevant and amazing topics man!!🙌🏼 We'll keep them sharing 😌 #AevyistheVibe
Thank you for sharing this informative video on credit card uses! I really appreciated the information and tips provided. However, I did notice that the sound of the narrator's voice was a bit low compared to the background music. It would have been easier to follow along if the volume was balanced better. Keep up the great work!"
Am owning a credit card with upper limit of 56k since 10 years. I refuse their offer to increase limit.. to lower the severity of death trap. Its easy to take loan of 50k than for 1 lac.😄
You can always take the increase limit and then set your usable limit to 56k, that’ll help in increasing your credit score as your credit utilisation would go down.
Love your videos, better than BigBrainCo. They just use fishy thumbnail and thristy titles, but you guys are doing the real work. Hat's off to you guys! 👍
Many people think Aevytv started the skit type videos first. But Fit tuber also do some similar kind of videos. Aevytv Team: Did u know about it, were u inspired from him? And also more & more education based TH-camrs will adapt this style (Fit Tuber style) of video bcauz they are very retention friendly :)
I learnt this in a hard way. Had to take a PL to wiggle out. Now I have learnt to reap the benefits but I wouldn’t recommend a CC to anyone who I see to be vulnerable as I was then. Always I ask them to research about what they are getting into and get one if they are self aware.
I have been using credit cards for the last 7 years, and have 9 credit cards now. If you use cards wisely it's one of the best financial instruments
It’s an instrument that goes into ur Anus and drills till you bleed
Agreed!!
Exactly .. you should know where and how to use
+1
Exactly ....if you spend according to your finances and does not grow greedy
I use 3 cards now and my father being a banker taught me nitty gritty of credit card usage very early on when my father was unwell and I had to make most of the purchases. And honestly, credit cards have helped me a lot but I could only reap their benefits due to the lessons I had which sadly enough, most people don't have. Kudos to the team for educating people this important but often ignored topic.
Write a blog and please share
I am currently using 7 credit cards, getting plenty of benefits every month ❤️
This video proves India have GDP way more than reported. she said 1.4 trillions ruppee of spending on credit card usually pay by their incomes+ Profits of all listed cos close to 5L crores+ Tax collection by all Governments are close to 75L crores. Still not accounted MSME and Agriculture income
@@varunmittal3617 Your Maths is out of the league of this world. 1.4 trillions rupees is less than 17 billion USD 17x12=204 billion, Also most of the transaction money have been counted multiple times and its nowhere close to 3.5 trillion GDP of India
4:05 MadterCard, VISA, American Express are not Credit Information Companies. There are four CIC in India - CIBIL, EQUIFAX, Experian and High Mark. Also, the score they provide isn't called CIBIL 3:59 (a general misconception); it's called credit score.
While we're at it, I should also point out that the statistics they provided don't give any meaningful insight on the situation. A person who spends a lot is more likely to have a credit card therefore the spends on credit cards will obviously be higher than debit cards which are held mostly by conservative spenders. Correlation doesn't mean causation.
@@AllenBaby7yes. And those who done use credit card, they use cash or upi.. people dont use debit card after upi
@@AllenBaby7 Yes, that's true. But recently SIDBI, CIBIL & OPL launched something called FIT Rank for the MSMEs. It uses (most probably) AI & machine learning to predict a particular MSME becoming NPA. So, we can expect something like that in the field of credit card or any sort of personal loan in near future.
It can be also due to misplacement of slide. This much of mistake is alright.
English content creators are becoming a rarity nowadays in India because you know why, good to see your channel push english content that are top-notch and seems thoroughly researched. Not to mention the quality of the presentation. Do not expect your channel to grow exponentially but I can assure that you are going to have a very strong commmunity!!!
I disagree, There are hundreds of people who push English content, but ample creators who push quality wise but I agree that Aevy TV pushes creative content which is unique.
@@akshaysuriya6784 he clearly mentioned English content in India, there are indeed many English content overall.
@@LiberalEntrepreneur I too was talking about content creators in India. I just didn't explicitly mention it.
No, I don't know why. Can you please explain?
@@LiberalEntrepreneur there are a lot of Indian English content creaters. Too many tbh.
Just in case the team sees this msg . I want to say that you guys are doing an awesome job .
As a south Indian who doesn't understand a single Hindi word , this channel is the best thing on TH-cam. I Appreciate you for keeping the content in English. Thank you !
As an East Indian, who doesn't understand a single word of south India language (Whatever that be), I thank the channel to keep the content in English.
@@thewatcher1947 But aevy tv doesn't use any south Indian language. What is the purpose of that phrase?
Same man.. inspite of being a 22yr old.. Hindi is hardly ever spoken in Karnataka , Tamil Nadu, Telangana, Andhra, Kerala.. and this was really informative
@@thewatcher1947 Most of Indians don't understand a single word of East Indian languages (whatever the hell that is). Thankfully the channel's primary language is English. 😀
Hindi is derived from Sanskrit , why so much animosity towards it ? ?
And ENSLAVER'S language you have learnt very well...well done !
Use a credit card just as a debit card. Check your bank balance, if you can make it within the budget of a debit card, only then use the credit card and reap the benefits of grace period and reward points. I agree to all the 4 rules pointed at the end.
Half of iphones sales are because of easy loans and credit cards. Girls don't date guys who don't even have an 'iphone '. Society judges. Weak men fall .
Few rules I use for credit cards
1. Never buy anything that you don't have cash to buy 6 of that item at any moment
2. Credit card spend is only for purchases where it is risky to share debit card or account details like internet shopping
or just see if you have the cash in liquid and exploit credit card rewards
Kaafi pyaari Video editing. And A1 content as always. In the times, when other channels are influencing us to take credit cards, Aevy is showing us the real picture and the caveats that come with a CC. Amazing
My father was a high earning professional, I remember my parents using a credit card ever since I was a child. Due to personal reasons, had to get into a situation where our income was lesser but still fine. From that point point forward, I remember, everytime we had to pay off a large portion of the due or the entirety, something was sold. Cars, House or even Gratuity/PF. The only reason I see my self using a card is for the rewards, in a situation where I can actually afford stuff without a CC in the first place. I'd rather save money and invest lumpsum rather than for a few weeks.
I think credit card is kind of a mind game between the bank and the user, if the user is smart and effectively uses his credit card to get all the benefits and pay on time then bank will lose money on the user but many people dont do this which is a big advantage for banks and a big source of income.
Advice: If you know you can’t make more than 75% of your total credit card expense before the due date, don’t use a credit card.
Thats a very infornative video and a must watch video for everyone who is obsessed with credit cards. Thankfully, being a professional myself and having a decent lifestyle, I always had a decision not to use credit cards unless under grave circumstances and hence, I don't even own one. Having less is much more preferable than being under a mount of debt.
Using credit cards is good, just need to make sure you are paying on time to avoid those interests. Only spend within your budget and pay from your budget at the start of every month
Got my CC today and AEVY dropped this, WHAT A MATCHING VIBE
As a 17 year old with no clues on how finances work, 90% of the video went over my head. 😂 I need to learn a lot of stuff
As a 17 year old i can Confirm This As True😂
Science stream? 💀
Hey we in the same boat
@@sanchit6107 ayo what do you mean by science stream? 😆
Who'd even teach me this stuff, I'm 18 and have zero knowledge about everyday stuff i need to learn after getting a job. School only taught me to solve MCQs in 5 minutes lol.
I have been using credit cards for more than 5 years now and have like 20+ cards for different uses, it's a useful instrument only if you track your expenses carefully and stick to your budget.
But if you are a spendthrift it's gonna put you in really bad position financially.
I always advice that you spend only that much amount from your credit card that you have in your bank account so that you can get 50days interest free loan and earn interest on the amount and pay as soon as the bill generates.
Hey guys let make some cash if u are from United state and if you have active credit card that have debt or bank account $2000-$15000 and NO CASH NEEDED to get the money.
Hi @ADITYA ARORA, how do you manage all 20. Any specific app?
Right kidney for the charger was hilarious!😂😂
Missed out on a really valuable point, which is that you can very easily dispute fraudulent transaction. This is the number 1 reason why I prefere credit cards, debit card frauds are very hard to dispute and get your money back. With credit cards it's just a matter of tap/call.
The MBA joke never fails to make me laugh 😂😂
Aevy is a vibe!! Focus guys,focus lmao,love the consistency!! Ocus has the best reactions.
Outstanding vid as always. An excellent topic made simple and interesting.
Great production quality, with the exception of sound mixing. At some points like 10:10 volume went from muffled to clear and vice versa, something for the editing team to focus on lol.
You guys are gonna make it big. And for that every small bit matters. Kudos and cheers
Aevy is a vibe 💖
I have three credit cards, i follow all the rules strictly. Also, maintains a automated excel sheet which track my expenses and make sure i do not exceed the limit. I don't even spend 10% of my total credit limit.
How does an automated excel sheet work?
If you don't even spend 10% of total limit then probably you don't need 3 credit cards.
@@socka29 you've to put formulas, and use the statements of banks, credit cards or enter by yourself. Rest of the work my excel sheet do by itself. Investment, banks, funds, spendings I track my every penny with excel.
@@ayushdewangan878 Every card has its own benefit and used for different motive. Also, sometimes it's exceed when it's emergency.
@@ritikparida7345bro, can you please share the excel sheet?
I love this channel at a huge rate that i cannot stop myself to meet u guys and if i have a superpower of increasing someone channel's subscribers first i wish to do for ur channel guys love ur content and making of ur videos One suggestion if the team sees the message is try to include links for the collected information such that we also can do research and understand even better and analyze the trends. I cannot resist myself without posting the comment
Thank You for this video. I was literally confused & used to think Credit is better than Debit, due to its popularity and ads.
I don't know if it applies in general but where I am from has a system of auto-debit which links your bank account to your credit card account and automatically transfers the full amount of bill on the last day of your billing cycle. You just have to enable it once and then you just make sure you have enough money in your linked bank account. There is no fear of forgetting to pay. Also you can pre-instruct your card authority to block further transactions if you hit a given (defined by you) amount of bill within a month. That gives you an automatic safeguard against over-spending.
but bro if you dont have that money there is penalty of 1500 plus other late payment charges
@@mrvikaskumar7507 Of course! Your linked account must have money at the time of automatic billing and payment. Having that option saves you from unintentional late payment.
most underrated channel of TH-cam
My friend has a credit card all of our friend use that credit limit in order to get discounts to ultimately his spending increases but on an individual level he doesn't spend that much and therefore i think many people do this and the original card holder personal expenses are a little less
Aisa dost sabko mile
Mere cards pe mujh se zyada mere friends/family k emis chalu hai 😂
I've been using credit cards for 5 years or so and I've got many free flights, hotels and discounts. My bank has an option of auto-pay. So the entire bill gets debited automatically from my bank account at the end of the billing cycle. So no worries on that. I've never paid any hidden charges. I use debit card for cash and credit for everything else and earn points on every rupee spend. So it's a wise decision if you are aware!! + I also have a free Priority Pass so i have unlimited lounge across the globe for my whole family with one card.
May i know which cc you are using?
@@imdoer789 HDFC Infinia and Diners Black
Thanks a lot avey tv i'm deciding to take credit card, i have took the decision according to your video thanks a lot
A good rule of thumb is to treat Credit like Cash. That is only SPEND money which you have with you.
I'm i addicted to Aevy tv ,😭
Then why I'm never missed any notification....but i liked it very much..
The volume during the narration sounds low , and at other scenes it's high , please have a look into it.
My uncle once swapped just 500 in card and forgot to pay for 2 years
Then they put fine and compounding interest and interest to fine to make it 18,000
I use my credit card mainly for fixed expenses like electricity, water, gas, fuel, mobile bills etc. So basically only the first month ever is interest free and from then on its as good as paying the bills on time. This makes for a regular repayment habit and my credit utilisation is well below 30%. Win-win! And where ever possible I have tried to shift to fully lifetime free cards like the ICICI Amazon Pay card or Flipkart Axis Bank card or similar.
I just turned 18 on 25th Dec and I was discussing in getting a credit/debit card for my personal uses, now I get why my parents were telling me to get a debit card. Thanks for this informative video
Aevy is a vibe 🔥
You guys doing a GREAT GREAT JOB . Many finance influencers are selling off to these credit card brands and in turn advertising credit cards in an EXTREMELY MISLEADING WAY . This is what i was trying hard to explain to my friend. I also have a credit card but use debit card because of exactly the reason "Credit card makes you think you have more money than you actually have" . He was just not listening to me and arguing with me even though i was the one trying to help him only. Yeah Credit Cards are evil business. Right now 1 more bank is trying since last 6 months to give me a credit card but i am just ignoring hard exactly cuz i am aware of Credit Card Business. If i ever need a loan then i will take personal loan and not credit card loan thingy.
Credit Card video - Aevy tv - No cred recommendation...Adhoora Lagta hai 😉
I think Aevy TV should make videos to increase financial literacy and awareness as well.
Just an idea for you guys :- create a short channels specifically for such content.
no. i hate shorts
No please not shorts. Shorts give you a false sense of being informed, it is scientifically proven that shorts fuck with your brain to a greater extent than you can imagine. Aevy TV is doing good work and I'd hate for them to become that typical finance shorts channel.
Yes it will be good for them.
They will put shorts on the main specific topic to their specific videos..
So that they will grow on both shorts as well as long ones..
@@adithya4804 how can they give you a "false sense" of information?
Please enlighten me or possibly provide the link of the "study" you mentioned.
Kudos to American Accent. Keep it up...Love watching & learning from you guys
Why there are different gain levels of audio in different sections....there is different volume in some parts ...like from 10:18 the audio is gained.
Btw the production is great .. just a feedback that I observed
Eagerly waiting to join the next " video-editing cohort".
Couldn't join this time because of my board exams.
I wouldn't lose the next opportunity at any cost.
LOVE THIS TEAM 💞💞
I got multiple calls from concerned banks about how I'm qualified for their credit cards but my intuition always said no. Now I know the why 🤭
Thanks, nice video, learnt stuff.
TH-cam showed me a credit card ad before this video 😅
Cred was needed here ❤
Credit cards are a good thing if you are using them wisely. I told you my story I don't have a cibil score when I was in my first year of graduation. So I made a fd of rupees 10k then I took a credit card against it. The credit limit of that card is 90%of my fd in my case it is 9000 rupees because that limit is low and as a college student we don't need so much credit. That thing made me have a habit of using my credit card effectively. Now my cibil score is 800+ and i am using almost 10 credit cards now. I don't just learn how to use a credit card but to make your cibil score from scratch.
This video uploaded at this time is gonna make a lot of people rethink their year end purchases
Wish I had seen this like 3 years ago, Might've saved like 80-90k on interest . I was continuously paying min amount due untill i realised it kept increasing month and the total outstanding would never change , infact it kept increasing. Had to ask friends to help me out to get rid of that fucker quick .
Please please never go for a credit card , if you do , make sure at any given moment of time you are capable to settle the full debt.
If you could not make correct financial decision and overspent, it is not a fault of credit card.
Humour + very well articulated content in English thats very well explained... And the presentation.. superb job team.
You guys are justtt amazing! With the quality of presentation, information just amazing
Superb, really appreciable ! This topic is Much needed for me ! Thank you
This was so informative. I have been very curious about credit cards and this has been very useful. Amazing video! Thanks a lot :)
I love this channel because I like the way of story telling and of course a good content.
I asked my Relationship Manager about the "50 day Interest Free Grace Period" in India
In Canada, credit card companies give you 21 days grace, after the end of the billing cycle, to pay off your entire balance interest free.
My RM says, its the same here, 20-21 days grace period after billing cycle ends (usually 30 - 31 days) BUT in India they market it as "50 Days Interest Free Period" 🤷🏽♂
Totally agreee ... Nasha to h credit card me but i stricted the uses of CC for emergency purpose only also i Never used it for my any luxury.
P.S. -: I detached my CC frm bank leaflet after 2 years of issuing. (So i can proudly say I'm controlling my inner needy 'n greedy person which can be soft influenced by peers)
Wait. 13:28 does not look like 77% and 23% to me 😆. And that covering of the other part with DP also seems suspicious 🤣
Did you guys think no one will notice that 😜. Great content anyways 👏👏
Excellent Video. Very Useful & Valuable Information 👏👏👏
The volume level between narration and the small cut scenes are really off, had to constantly turn down and turn up the volume.
You should have 5 million sub right now what are youtube doing with talent like this... Respect ❤️❤️
Thank you avey tv for providing this information
A great insight to credit cards beatifully explained all my doubts regarding the credit cards have been cleared !!!
Education with this fun is the best next gen level edu content 🔥❤️
Amazingly Explained Aevy TV Team.
Thanks for making a video on this, BUT, ALL THIS INFORMATION IS PROVIDED ALREADY WITH THE BOOKLET YOU RECEIVE WITH YOUR CREDIT CARD, if you have the patience and the time to read it from A to Z , that is !!
I clicked on this video thinking here would be some NEW information :(
Thank you so much for Raising Financial awareness among us👏👏👏🙏
I totally agree that if you have a credit card you tend to spend more but if you have financial discipline on monthly basis, credit cards are just amazing instruments.
Amazing content as always but I have just one suggestion for you guys. Get rid off the little skits that you do in the middle. They add nothing to the narrative and just end up being distractions. I really love when you guys speak straight to the camera but the skits break this superb flow.
Really appreciate the content
You guys really put your heart in your videos... Really nice content.. Very knowledgeable... + Gets me through my boring break time... Keep it up
As always quality of a content is top notch 👌
Avey's vibe is amazing 🤩🤩
Imagine CRED was sponsor of the video instead of Smallcase. We are humans, we can forget about credit cards bills, AND THAT"S WHY YOU SHOULD USE CRED
It feels illegal to not like aevy tv video after watching
Brilliant video & excellent presentation by the lady.
The best Content helped me understand a lot Keep doing guy's All the Best 💥
That's why Aevy is a vibe.
08:20 Using the RBI data for comparing the average spends of credit and debit card users is fundamentally flawed.
Credit cards are rarely issued to employees/workers in non-organized sectors. So, credit card users are generally the high earners in India who have the potential to spend more.
For a fair comparison, you should compare similar income brackets credit card vs debit card spends.
Golden rule is to never take debt & invest in short term too specially
People forget credit card is loan your are taking from the bank. One more thing is you have to do is to monitor your credit report and immediately report if any issues. What i usually do with my credit card is set up all utilities and insurance in auto-pay. Set up auto pay from bank to card and always try to spend the amount in bank. Although I have not paid any credit card interest i have to admit i have overspent quite a bit due to credit card.
I have been using credit cards for more than 10 years, now have 6 cards. You will never have any problem if you are financially responsible
aevy is a vibe❤
Christmas Gift was amazing 😍
Aevy Tv is a Vibe 😍❤️💎
you guys are helping the youth of India 💖
Nice video - weird choice using the Niyo Global card for some clips, which isn't even a credit card!
AEVY IS A VIBE 🔥🔥🔥🔥
These are the questions I always wanted someone to answer!!! You guys cover very relevant and amazing topics man!!🙌🏼
We'll keep them sharing 😌
#AevyistheVibe
This video is very informative and eye opener too. I request you to make this video in Hindi too for a mass segment.
Its so comedic to see Ocas speaking hindi at 7:55 😆
Thank you for sharing this informative video on credit card uses! I really appreciated the information and tips provided. However, I did notice that the sound of the narrator's voice was a bit low compared to the background music. It would have been easier to follow along if the volume was balanced better. Keep up the great work!"
Am owning a credit card with upper limit of 56k since 10 years. I refuse their offer to increase limit.. to lower the severity of death trap. Its easy to take loan of 50k than for 1 lac.😄
You can always take the increase limit and then set your usable limit to 56k, that’ll help in increasing your credit score as your credit utilisation would go down.
Another amazing video which educates us GenZ. Keep going. ❤️❤️❤️❤️
This could be an integration of cred ;) how to manage credit cards, bill payments.
Anyway Nice Informative video.❤
I have 3 credit cards and always pay them off completely with autopay enabled, for large purchases i only buy when i can buy with cash.
Aevy Is a Vibe!
Love your videos, better than BigBrainCo. They just use fishy thumbnail and thristy titles, but you guys are doing the real work. Hat's off to you guys! 👍
Paid my brothers College fee got Cashback worth 18K INR , If I pay 4 year fee the total CB is wopping1.32L ! Using the SBI CB Card and AXIS ACE !
The small skits in between make your content more engaging
Many people think Aevytv started the skit type videos first. But Fit tuber also do some similar kind of videos. Aevytv Team: Did u know about it, were u inspired from him?
And also more & more education based TH-camrs will adapt this style (Fit Tuber style) of video bcauz they are very retention friendly :)
I have 4 credit cards at age of 19. After 3 years of usage and adding 2 more credit cards i must say i saved thousands of ruppess
I learnt this in a hard way.
Had to take a PL to wiggle out. Now I have learnt to reap the benefits but I wouldn’t recommend a CC to anyone who I see to be vulnerable as I was then. Always I ask them to research about what they are getting into and get one if they are self aware.