I thought like this too but if you watch it closely he used the credit card to avail discount and no cost emi which means he doesn't need to pay a bulk amount and also have discount.
5% cashback is not a discount if the product price is 1 Lakh and you having 5% cashback you need to pay 1 lakh first and after few days you will get the 5% which is 5,000 ₹ back to your account. And Discount is on the spot you need to pay only 95000 ₹ and not the 1 Lakh They both are actually different
@@samsg zero emi? okk. If he saves his money till month end which he was paying for credit card. It's the same both ways, he can get it with no emi, by paying full price. Soo What's the point
Actually this so called hack is for those who have money, but still want to save using things like cash back on card, and yeah getting zero interest credit when you are paying back full before the month is kinda useless.
@@samsg Yes. You are correct. It's just that he is increasing his Credit Score through this. Someone who genuinely doesn't have money, this hack is useless
@@Thisismyyoutubechannel69 actually banks reports the last bill.generated amount so if ur bill generates on 20 better to CLR the amount before 20 so it will be intact and. U r safe fromcredit reports
Thats why i am not sharing this video, i am not understanding this video and English 😂 I think bank is not give another loan when already have loan, but this 0% cost EmI is joke and also no one give no cost emi and card offer( 5%mention in this video) at same product
@@johnnybravo9641 Yes, he was also telling about EMI, which cannot be possible once payment is done. Even if it gets converted then why does he need to pay EMI, as he already paid the amount.
@@funclub5880 Payment with EMI bro. That means. Total Amount will be blocked on credit card limit ~ means utilising the limit > 75%. So despite the EMI, if he pays off partial amount to reduce the utilization to below 75%. He's safe. This is what I think.
@@johnnybravo9641 Yes you are right but, listen to this video again and get to know how much he is spending and what kind of suggestion he is giving.. Just evaluate
Well it is not right. Some banks report on statement date like icici sbi And some banks report on 30th or 31st day like axis hdfc. Like thok dena 3 saal hone ko aaye credit card use kara
As always he presents half baked facts. Every bank has their own reporting date and you need to see it from your cibil report. It's not the 1st of every month for all the banks. Second your cibil does not go down by 15-20 if there's more than 30 percent utilisation. It depends on a lot of factors.
@@honeyits Bro you gotta know about the credit card billing cycle Just google it You will get a lot of info It's easy to understand Then you will understand this hack
Pata nahi ye sab lisne start kia tejash joshi ya jo bhi ho Lekin ha abh india me ise viral hona chahiye sabko achha knowledge milega or ye funny way me dekhne se or jada achhe se samajh rahe hai sablog Ha hame yese influencers chahie naa ki chaprio toli
There is also another way. Overpay your credit card with 1.5 lakhs. Thus using your credit card will not affect your utilization ratio. This is also useful for people who do not have a limit as good as Sharan. Keep up the good work Sharan.
Not all credit card companies report utilisation to credit agencies on last day of the month..A few banks(like sbi, icici) report the utilisation on the statement date instead of last day of the month.
Not related to bill generation date. The goal is to reduce the credit utilization amount before 1st of each month, so pay at least 2-3 days before 1st of the month to ensure no negative impact on CIBIL due to higher utilization ratio
bro my bill will be generated on 15th of every month as u said that on 1st banks will report to cibill ,as it applied to all the banks or according to the bill generated date?please reply bro
Please cross check your points. 1. My credit utilisation this month is 92%. My score is not reduced. 2. Banks will report only the last statement details irrespective of date of reporting. I usually pay in 2 days after statement date. Still it will show as loaned amount in credit report.
BRO BRO I SAW U IN A MERC C220 I THINK AND DANIELMAC CAME TO YOU ONCE WE WERE AT THE SAME PLACE LMAO MY FRIEND TOLD ME TO MEET HIM THERE SO YEAH SICK MAN
This is false information. Reporting is done based on your card billing date. I have 3 cards thay get updated on cibil at 3 different days and none of them are anywhere close to 1st.
Every bank not report 1st of every month... Im using icici axis hdfc cards..... Icici and axis are updating next day of statement generation date... HDFC updating 1st of every month
If the bille generates on 20th then is this can be followed? Even if bill generated with 75 percent usage if I pay before 30th it will not be affected?
Damn I didn’t know that spending 75% of my credit limit will reduce my credit score, I bought a MacBook Pro M2 for 1.5 lakh(no EMI, 1 swipe) with a 1.63 lakh credit limit on my card a year ago and paid the bill on time, how screwed am I lol
If you use No Cost EMI, your utilisation is locked for those many months. Paying your bill early makes no sense. Also, if u have the money to pay the bill in 15days, why the hell would you take a NO cost EMI. Kya fook ke aya hai bey....Secret Credit card hack itseems
![What Credit Cards You Should Have by INCOME? [Detailed Review]](/img/n.gif)
Man is becoming a meme editor more than a finance influencer.
He already is
I follow my man brooo
If he could pay 1.5 lakhs within 10 days from purchasing, then why he's buying in EMI, he can buy then only. 😂
@@sachin1825correcton: he is already
I swear 😂
😈 See comments to guess why I got likes
Jojo reference
Jojo
Jojo reference
Waryyyyyyyyyyy
Kars
When you realise hating Jojo is a Jojo reference because Dio also hated Jojo
at this point, existing is a jojo reference.
Wryyyyyyyyy!!!!!!!
Bro the world is a JoJo's refference
Lol everything is a Jojo reference 😂
JOJO
This has become a jojo's refernce
249 LIKES and o comment lemme fix it
Haha, I thought nobody would pick up on it
Those who don't use credit cards - Sanu ki.... 🤣🤣🤣🤣
Hasna tha? le hasliya, Hahahaha 🗿
@@ehtisham8560Mars 🙏
Sahi gll
Sanu kiiiiii
O sorry sorry
Sannu kiii bc
Cibil would much lower than expected because you might never paid debts.
You don’t need to have the iphone 14 pro if you have to pay the loan. People just don’t understand money
Reach me with 👆👆the what'sap line above for more information, guidance and consultation. Thanks for the feedback..
I thought like this too but if you watch it closely he used the credit card to avail discount and no cost emi which means he doesn't need to pay a bulk amount and also have discount.
5% cashback is discount? It is indirectly only pushing you to spend more on items you don't really need.
5% cashback is not a discount if the product price is 1 Lakh and you having 5% cashback you need to pay 1 lakh first and after few days you will get the 5% which is 5,000 ₹ back to your account.
And Discount is on the spot you need to pay only 95000 ₹ and not the 1 Lakh
They both are actually different
Guy needs EMI and he’s suggesting to pay it back by month end. I’m sorry. Did I miss something?
Exactly, pretty much useless for emi users
It is about zero interest emi and 5% cash back, I guess
@@samsg zero emi? okk. If he saves his money till month end which he was paying for credit card. It's the same both ways, he can get it with no emi, by paying full price. Soo What's the point
Actually this so called hack is for those who have money, but still want to save using things like cash back on card, and yeah getting zero interest credit when you are paying back full before the month is kinda useless.
@@samsg Yes. You are correct. It's just that he is increasing his Credit Score through this. Someone who genuinely doesn't have money, this hack is useless
End of this video i forgot about iphone and thinking about my cibil score. 😵💫
Exactly. Bank don't report your utilisation on your bill date but 30th or 1st of every month.
Is this true or you’re being sarcastic?
@@Thisismyyoutubechannel69 actually banks reports the last bill.generated amount so if ur bill generates on 20 better to CLR the amount before 20 so it will be intact and. U r safe fromcredit reports
@@rohiththokala6537 yeah bro that’s what I thought. I think banks report to the credit agencies on the date the statement is issued
If we use more than 75% of credit limit will
It effect our CIBIL scores
@@abhishekbaddam7579 yes, it's good to not utilise more than 30-40%. Try keeping it as low as possible.
Man just pulled out pillar men theme out of nowhere ...that hit hard man DAMNNN
5k enough to score today 😂.,cool hack
Bro literally became a pillar men for a moment
If you get Zero cost EMI, how will you pay to the bank before 1st.
And if you can pay before first, why would you take a loan.
🤔🤔🤔
Exactly 🤣🤣🤣🤣
Thats why i am not sharing this video, i am not understanding this video and English 😂
I think bank is not give another loan when already have loan, but this 0% cost EmI is joke and also no one give no cost emi and card offer( 5%mention in this video) at same product
No Need To Worry On credit card emi because credit utilisation also divides along with EMI respectively.
If he pays by 30th then how can he get "0 Cost EMI" which he was asking.?
Exactly. He didn't think this video through.
That means, he can partially pay his credit card bill with cash so that it doesn't hit 75% utilization.
@@johnnybravo9641 Yes, he was also telling about EMI, which cannot be possible once payment is done. Even if it gets converted then why does he need to pay EMI, as he already paid the amount.
@@funclub5880 Payment with EMI bro. That means. Total Amount will be blocked on credit card limit ~ means utilising the limit > 75%.
So despite the EMI, if he pays off partial amount to reduce the utilization to below 75%. He's safe.
This is what I think.
@@johnnybravo9641 Yes you are right but, listen to this video again and get to know how much he is spending and what kind of suggestion he is giving.. Just evaluate
now finance tips are a jojo's reference
Za warudo is a JoJo reference
kon kon dekha baad mai isne apna muuch nikal diya jisne jisne dekha wo like kro
now i am famous thx for like
When you find a JoJo reference even in a Financial video
Well it is not right.
Some banks report on statement date like icici sbi
And some banks report on 30th or 31st day like axis hdfc.
Like thok dena 3 saal hone ko aaye credit card use kara
Excellent 👌 info bro really confusing and irritate with this cibil rules and next issue. Thanks for the vedio.
iPhone 14 pro costs 129900 + 5000 extra - 134900.
And he asks for 150000 HOWW
First time a shop owner himself is telling a way to save 💀
But how will we give 1.5 lakhs in 15 days...and what will happen if we cant give??
If it's zero percentage EMI, how will he pay it off before the end of the month?
If i can pay my credit card bill by end of the month Then i will come with cash,🌝
30th/31st people get their salaries usually
Do the banks report to cibil on the first of the month or statement date
He is an influencer, he can make mistakes, you should do your due diligence. I beleive it's on the statement date but not sure.
It's statement date yes
Yes bro I also need clarification
As always he presents half baked facts. Every bank has their own reporting date and you need to see it from your cibil report. It's not the 1st of every month for all the banks.
Second your cibil does not go down by 15-20 if there's more than 30 percent utilisation. It depends on a lot of factors.
When you study from WhatsApp University
⬆️⬆️⬆️ thanks for the comment..
Contact the What'sap line above for more information, and new investment plan ✉️🇮🇳🇮🇳
One doubt Sharan Should I buy with Credit Card like you said in Video or should I buy with cash like you do in real life. Confused bro
Its false..if u go for emi it will be block credit limit..please go through and tell
Jojo reference everywhere 🗿
Hey sharan could you please say something about sovereign gold
This is what I do every month bro
@financew-sh.4376scam 😑
You are intelligent then
@@skooo7 i didn't understand this hack
@@honeyits Bro you gotta know about the credit card billing cycle
Just google it
You will get a lot of info
It's easy to understand
Then you will understand this hack
@@skooo7 thonks👌🙈
Are 10 din me usko credit card ka bill bharna hai to paise to honge to usi me se le na chahiye na phone 😂
OMG IT'S HIS FIRST VIDEO WITH A JOJO REFERENCE
Where
@@Draglox It has Pillar Man Theme
@@chirantanroy1323 and also there's JoJo fonts
Thank you for advice continues to have 42 rupees as my bank balance
Emi?? U just going to pay all the money at once using credit card and then why u want the zero cost emi.its going to be the same 🤔
this guy look like Sonu Srinivas Gowda Boyfriend
You any way don't get zero cost emi as u will have to pay it by end of the month right..
@financew-sh.4376ayo scammm !
Hi Sharan, pls make a video on when to buy a 2.5L jawa bike (on-road price) and how to save money on it plus insurance. I will be grateful.
Don't buy it. 100% money saved..
If you pay by end of month, what’s the point of no cost EMI?
Aisa kuch nahi hoga, har bank alag day par report karta hai. Not on 1st of month. Random date that no one can figure out...
⬆️⬆️⬆️ thanks for the comment..
Contact the What'sap line above for more information, and new investment plan ✉️🇮🇳🇮🇳
Pata nahi ye sab lisne start kia tejash joshi ya jo bhi ho
Lekin ha abh india me ise viral hona chahiye sabko achha knowledge milega or ye funny way me dekhne se or jada achhe se samajh rahe hai sablog
Ha hame yese influencers chahie naa ki chaprio toli
Good to know that there are 31 days in November (according to your calendar)
When he is looking for 0 interest EMI how does that work??
Bhai tum achi information dere ho sab achi baat hai but bhai sabhko sab samjhe na aana. Makta ese batao aapka ye style sabko nhi samjha aayega
Just buy it once if you can’t afford it buy pre used last gens
There is also another way. Overpay your credit card with 1.5 lakhs. Thus using your credit card will not affect your utilization ratio. This is also useful for people who do not have a limit as good as Sharan. Keep up the good work Sharan.
Even I was thinking about the same.
Is there any limit on overpaying your credit card
@@Ronit05 Not that I am aware of. But your bank might be the best source to answer that
Jojo brazzer adventure reference 🗿🗿
Better financial advise: if you need to get a loan, don't buy the iphone 14
Ahhhhh this south Indian accent is getting really annoying
Where do u get money for paying??
Before 20th November we lost our heart only cricket fans can understand 🥺💔
Not all credit card companies report utilisation to credit agencies on last day of the month..A few banks(like sbi, icici) report the utilisation on the statement date instead of last day of the month.
Who will give money 1.5laks...😅😅
This is a useful hack ... thanks Sharan bro...
Does this mean I have to pay right when the bill is generated? Or before the bill is generated?
Not related to bill generation date. The goal is to reduce the credit utilization amount before 1st of each month, so pay at least 2-3 days before 1st of the month to ensure no negative impact on CIBIL due to higher utilization ratio
Bro was pulling up a Kamehameha at the end 💀
Because i follow trade traveller abijith😅
No cost EMI left the chat.
Reach me with 👆👆the what'sap line above for more information, guidance and consultation. Thanks for the feedback..
This man got an Iphone 14 pro max
And me:😅😂
How can he pay in just 11 days😮
You use credit card only if you have money in your account. Do not spend more than what you have
അവസാനം പറഞ്ഞ ഡയലോഗ് എവിടെയോ?
Bro I thought he was gonna pull a kamehameha. 💀
Him holding a harry potter wand!!❤
My sir said this is advanced accounts class😂😂
@financew-sh.4376scam 😑
Lol
I feel bad for Indians bc doing that at an official store in the states will get you jailed lmao
Last scene - action kamen ---- action beam ⚡⚡⚡
Thanks for letting us know this information for real. My Credit Card Utilisation is 89%. Just saw it Today...
If you have friend who has company, he can claim gst and you will get gst benefit ie 18% discount
You can buy it from other store 😂😂 why spend 5k extra
Thanks for your comment, 👆👆What’sap me with the number showing above for more profitable investment plan.
These two ppl are amazing 😂
agar 15-20 din mein pay kar hi Dena hai toh cash hi le lo 😂 baad mein
Among us ☺️❤️
If you want no cost EMI and pay the whole bill by end of the month
You won't get benefits of No cost EMI
Damn... I almost forgot my cc due date 🤧🤧
20 November is my birthday 😂😂😂
bro my bill will be generated on 15th of every month as u said that on 1st banks will report to cibill ,as it applied to all the banks or according to the bill generated date?please reply bro
Banks report to RBI the outstanding bill generated and the billing date is different from card to card and bank to bank.
Please cross check your points.
1. My credit utilisation this month is 92%. My score is not reduced.
2. Banks will report only the last statement details irrespective of date of reporting. I usually pay in 2 days after statement date. Still it will show as loaned amount in credit report.
High Utilisation will affect credit score
People who never use Credit cards 🗿🗿🗿🗿
Pillar men theme party
20th of November is my birthday
It's false I have been using this hack since years and no late payment till date
Still credit score falls every tome
20th November is my birthday 🎂
BRO BRO
I SAW U
IN A MERC C220 I THINK
AND DANIELMAC CAME TO YOU ONCE
WE WERE AT THE SAME PLACE LMAO MY FRIEND TOLD ME TO MEET HIM THERE
SO YEAH SICK MAN
This is false information. Reporting is done based on your card billing date. I have 3 cards thay get updated on cibil at 3 different days and none of them are anywhere close to 1st.
Sharan op
I have done this technic cibil has decreased by 10points i had paid in 30 January and my due was in 2 febuary but this doesn't work 😢
Who will pay Bill at the end of the month
So That's a Jojo References Too!!
Na credit card hai... Na iPhone lene ka budget.... Par haaa.... Maja ayaaaa
Every bank not report 1st of every month... Im using icici axis hdfc cards..... Icici and axis are updating next day of statement generation date... HDFC updating 1st of every month
It is very odd for him to hold a wand from harry potter world
Finally finance with sharan has also became a jojo reference
Mera credit card bill Ata hai next month of 17th ,we can pay money before that ?
Bro , I see many people not aware of credit card but using it, they rotate the card payment from one card to another, any thoughts on this
If the bille generates on 20th then is this can be followed?
Even if bill generated with 75 percent usage if I pay before 30th it will not be affected?
Jojo pillar man theme saved your video
What happen FD based credit card from 5000 credit limit in IDFC, PB Sbm? Almost 100% may utilise everyone this affect credit scores?
Damn I didn’t know that spending 75% of my credit limit will reduce my credit score, I bought a MacBook Pro M2 for 1.5 lakh(no EMI, 1 swipe) with a 1.63 lakh credit limit on my card a year ago and paid the bill on time, how screwed am I lol
If you use No Cost EMI, your utilisation is locked for those many months. Paying your bill early makes no sense.
Also, if u have the money to pay the bill in 15days, why the hell would you take a NO cost EMI.
Kya fook ke aya hai bey....Secret Credit card hack itseems