Jaise Main Ek teacher hun Aur Main Apni profession Mein Chahe jitni bhi energy spend kar lun 15000 se upar Army nahin kar sakta abhi is Samay to ab aap bataiye main Kis Tarah Se energy spend Karun ki meri arning badh Jaaye aur Agar arning Nahin badh sakti to mujhe energy Kahin aur is friend karni padegi ₹ bachane ke liye
Now most of Merchant is disabling particular UPI options to pay via RuPay credit card due to additional charges to the merchant. Merchants should not have access to disable this option.
Tracking spending on credit cards is very difficult..you would need cash in hand to feel confident or peace of mind. In credit card you tend to overspend..you would not be able to build a good corpus in long term or any good investment..your mind will also be occupied in tracing your credit cards and reward points
Depends on your mindset. I have been using credit cards since I started earning 15 yrs ago. I don't think i have spent even 1 rupee extra bcos I have been using credit cards. I buy what I need and what I can. Medium of payment does not matter, but I try to maximize credit card usage.
See tracking to i believe jyada better hoti h, as it gives statement every month that you don't get with savings account, you have to manually pull it out kindof. But yes spending increase ho sakti h due to incentivization, but wo control ho sakti h, just have to get a sense of affordability.
Okay so lot of bogus info here. HSBC cashback does give 10% but upto 1k Rs per billing cycle. Like literally wtf. Swiggy HDFC gives more -1500. You can use in addition probably. Secondly American expresss that he said gives 50% off has a joining fee of 60k and per month limit of 5k. Lol.
Guys be cautious, you also have to make your income somewhere inline during the year, above a certain limit CC company report it to IT authority and when you file your ITR at year end it displays on your PAN. So if you show your income significantly lower then your CC expense then there are high chances that you will get IT Notice. So beware and dont fall for this traps.
Rupay card pe merchant ko 2% charges dene padte hai. That's why most of the merchants are not accepting Rupay cards for UPI payments. Jo merchants accept kar rahe hai unko abhi pata nahi ki 2% charges dena padega.
Yearly Min Rs. 10,000/- earn from Credit card and now last month I add Airtel Axis master CC so it will more for this year. I use Excel for tracking, 70% Expences on CC and Love this video aur thoda bada hona chahiye tha video. Thank For valuable Info. ❤
Aur airtel axis par 25% or max 250 rupees on reacharge by airtel thanks app 10% or max 250 rupees on utility bill by airtel thanks app aisi aur be condition hai yae kaun batayega mere bhai
All these are traps by credit card industry. He is talking about iPad, iPhone big expensive items. Instead you can buy it's counter part much less. 60k iPhone instead buy 15-20k phone. Invest 40k 😂 Thanks me later. p.s. Debt trap video
I am using my 3.5 yrs old iphone and still getting all software updates on time. Good luck getting timely security updates on your 15k phone after 3 yrs.
@@aj5180 tbh not many people care about software updates/security updates, 90% of Indians don't even know what those are. So, just by saying that apple doesn't become superior to android. And matter of fact I'm also using an android phone it's been almost 4 years without any problem. I also am not against cc and I think they are pretty useful if used right.
@@bibekdebbarma. I dont have anything against android. Apple is not superior to android phones of comparable price. In my experience sub 20k phones after 3 years become painstakingly slow or some or the other component fails. Totally agree with you that 90% people dont care about security. I am totally pro CC. I have 12 active credit cards.
One should use a credit card with careful monthly planning and have the self-control not to spend more than necessary. If we lack self-control in spending, it's better to use only a debit card. I am getting 2.5% cashback overall, which I am happy with. I pay my credit card bills as soon as I receive my salary and never let the bills become overdue.
Which credit card are you using ? Can you recommend a good card for grocery shopping (Mostly Big Basket and Flikart grocery), Amazon, Flipkart, and Uber. I also want domestic airport lounge access. Preferably a credit card with no or very low annual fees.
You cannot earn 2% with upi through cc for smaller merchants who sell on the road. Only with bigger merchants, you will get them, who will already be accepting cc, which may offer better returns than RuPay cards
Credit card never convert amount EMI , then after you have to pay interest @ 42% If you miss any EMI, late penalty is Rs 1300 plus 18%GST It is complete Trap
There is no hard and fast rule of 30 percent max expenditure on credit card. That's said so because if you spend more, say 50 or 80 percent, then credit card company thinks that you are living more on credit which may be detrimental to bank if someday you couldn't pay the bill.. . But that is not of much difference if you are paying bill always on time.. I have even used once 60 percent of 460000 of limit to buy my bike.. And didn't make any difference to my CIBIL..
So how many credit cards to have in total 1 for journey 1 for food 1 for mobile recharge 1 for taxation 1 for online shopping 1 for fuel jitne category utne card , and all cards ke yearly charges bhi use kaaro ya naa karo😅
Credit card is a biggest Trap in Indian community, without credit card a middle class person bought a mobile phone of 20k to 30k but when he get a credit card and when bbd sale shows him no cost emi in card plus instant discount he bought 50k phone instead of his budget. Credit card make people spend more than usual. Reward tabhi milega jab kharcha karoge, aur sab reward ko hotel booking main use karoge tabhi aukad ke bahar ka hotel book karoge aur budget se bahar jake kharach karoge last debt trap main fasoge and suicide karoge
क्रेडिट कार्ड का मजा तब है जब उतने का ही खरीदो जितना खरीदना है लेकिन क्रेडिट कार्ड की वजह से 30 की जगह 50 हजार की चीज खरीद कर 20000 का डिस्काउंट लेकर अपने आप को समझदार समझना बेवकूफी है
Credit in financial terms means borrowing money. One should not live his/her day today life on credit. Be mindful that it is very difficult to manage/control spending using credit card, bcs that does not reflect your money (your bank balance), and thus you will end up spending beyond your means. Your money actually is what your debit card balance shows, and thus you should spend keeping the debit card balance in mind. Please avoid credit card as much as you can. Thanks. This video actually promotes credit cards, which I as a middle class do not advocate. Please use your own brains and stop falling prey to credit cards.
Cashback on credit card will be received on the credit card account right? So we can use this cashback only to offset against the next credit card bill.
Credit card ahould only be kept with very small expenses which you orherwise would anyways do. Credit cards are good for bad time if you need money urgently
Chote type ka sabzi wala ya auto driver khudko merchant bolke register nahi karte hein toh wahan UPI mein credit card apply bhi nahi hote hein.Misinformation hein video mein.
Just like any other firld uaing credit card discipline and accountability. I use cards to get free flights and hotel stays and I am surprised people do t k ow this and its even a topic for podcast. Its free i fo already available.
सर,मैंने पिछले सितम्बर से एक रूपया भी नकद(cash) खर्च नही किया है।सभी खर्चे card और UPI से ।भारत में शायद ऐसा कोई दूसरा व्यक्ति नही होगा।सर,जहाँ Digital payment स्वीकार नही किया जाता, वहाँ से मैं कुछ purchage नही करता हूँ।
This will lend you to debt trap, doesn't matter what he says, also, there is no where the Host confirmed whether they verified statement of the speaker to validate what he is saying. Here i'm not asking reader/viewer to avoid using credit cards, its a very good tool. but not for spending for stupid reasons and thinking i will earn more than I spend via rewards. it doesnt work like this in longer run,
1000 rs nahi 1180 rs fees hai cashback card ki , aur ek mahine me 2 lakh kaun kharcha karta hai bhai ?? Kyunki aapka kehna hai ki ek mahine me fees recover ho jayegi aur recover k liye 2 lakh kharcha karna hai per year
Jaise Main Ek teacher hun Aur Main Apni profession Mein Chahe jitni bhi energy spend kar lun 15000 se upar Army nahin kar sakta abhi is Samay to ab aap bataiye main Kis Tarah Se energy spend Karun ki meri arning badh Jaaye aur Agar arning Nahin badh sakti to mujhe energy Kahin aur is friend karni padegi ₹ bachane ke liye
DEFINE A MIDDLE CLASS , HOW MUCH INCOME WILL DEFINE A MIDDLE CLASS???????? GUEST SPEAKER SPENDS THE AMOUNT WHICH 1 OUT OF 1000 PERSON WOULD THINK TO SPEND
Well said. "middle class" term is being misutilized. Every rich and ultra rich people made us to consider them as "middle class". Middle class who spend 16 lakh a year on credit cards! 😅
sab aadha aadha information hai, kuch bhi lene se pahle hard card ka pura information nikalo, 2-4 video aur dekho individual cards par and uske documents read karo. sab me kuch catch hai
Spend spend and spend. It will become so complected that one might require an accountant to manage this. And this podcast is for ultra rich people who are spending over 12-16 lakh per year through credit cards. Young people please avoid this credit trap. Ind money must not endorse these things. Credit is a kind of loan. And avoid loans at any cost. This way this guy becomes too obsessed with calculations on credit cards. Not practical at all.
![What Credit Cards You Should Have by INCOME? [Detailed Review]](/img/n.gif)
In reality :
Before credit card monthly expenses : 5000 as student
After credit card : 10000 - 15000 😂
Yes. this is not only for student,it is for everyone.
Now government track all your credit card expenses.... So be carefull.
@@aloknayakofficial then anything happened bro ?
@@suhasshinde7086 yes but in this social media time self discipline is very hard to manage for self growth
@@aloknayakofficial Why should I be careful? Taxes? Genuine question
This much energy if we spend on income generation is good..If people can manage multiple things they can take
Depends on mindsets
Jaise Main Ek teacher hun Aur Main Apni profession Mein Chahe jitni bhi energy spend kar lun 15000 se upar Army nahin kar sakta abhi is Samay to ab aap bataiye main Kis Tarah Se energy spend Karun ki meri arning badh Jaaye aur Agar arning Nahin badh sakti to mujhe energy Kahin aur is friend karni padegi ₹ bachane ke liye
@@chaturvediclassesagraapko tarika change krna hoga ....Teach online grow your students sell courses and books ....
Otherwise change the profession
Now most of Merchant is disabling particular UPI options to pay via RuPay credit card due to additional charges to the merchant. Merchants should not have access to disable this option.
when you pay above 2k , then they gotta face the charges otherwise its considered as normal payment and the charge is appx. 1-2% of the transaction
Tracking spending on credit cards is very difficult..you would need cash in hand to feel confident or peace of mind. In credit card you tend to overspend..you would not be able to build a good corpus in long term or any good investment..your mind will also be occupied in tracing your credit cards and reward points
BS
Damm true bro
Depends on your mindset. I have been using credit cards since I started earning 15 yrs ago. I don't think i have spent even 1 rupee extra bcos I have been using credit cards. I buy what I need and what I can. Medium of payment does not matter, but I try to maximize credit card usage.
See tracking to i believe jyada better hoti h, as it gives statement every month that you don't get with savings account, you have to manually pull it out kindof. But yes spending increase ho sakti h due to incentivization, but wo control ho sakti h, just have to get a sense of affordability.
Bro you have to spend only some percent of your income, if your income is less than your income than you will definely fall in debt trap.
Okay so lot of bogus info here. HSBC cashback does give 10% but upto 1k Rs per billing cycle. Like literally wtf. Swiggy HDFC gives more -1500. You can use in addition probably. Secondly American expresss that he said gives 50% off has a joining fee of 60k and per month limit of 5k. Lol.
Thanks for pointing it out 😂
The pdf if added to description will be very helpful. Please attach as mentioned during the interview
Where is the PDF which you mentioned in the video?
Guys be cautious, you also have to make your income somewhere inline during the year, above a certain limit CC company report it to IT authority and when you file your ITR at year end it displays on your PAN. So if you show your income significantly lower then your CC expense then there are high chances that you will get IT Notice. So beware and dont fall for this traps.
Rupay card pe merchant ko 2% charges dene padte hai. That's why most of the merchants are not accepting Rupay cards for UPI payments. Jo merchants accept kar rahe hai unko abhi pata nahi ki 2% charges dena padega.
Yearly Min Rs. 10,000/- earn from Credit card and now last month I add Airtel Axis master CC so it will more for this year. I use Excel for tracking, 70% Expences on CC and Love this video aur thoda bada hona chahiye tha video. Thank For valuable Info. ❤
Suhas, please make a video or write a blog on this.
Pdf notes ka links description me nhi h, sir link kaha se milega, thanks for your efforts lot's of love ❣️ ❤❤
@indmoney pls attach pdf
Can't find the PDF that you guys mentioned. where can I find it?
Know the rules before u play the game!!!
Rule 1. Always pay ur cc bill before due date
Rule 2. Never forget rule 1
Aur airtel axis par
25% or max 250 rupees on reacharge by airtel thanks app
10% or max 250 rupees on utility bill by airtel thanks app aisi aur be condition hai yae kaun batayega mere bhai
All these are traps by credit card industry. He is talking about iPad, iPhone big expensive items. Instead you can buy it's counter part much less.
60k iPhone instead buy 15-20k phone.
Invest 40k 😂
Thanks me later.
p.s. Debt trap video
But, one can use a credit card to purchase a 15k phone...his logic holds...even for a cheaper alternative
I am using my 3.5 yrs old iphone and still getting all software updates on time. Good luck getting timely security updates on your 15k phone after 3 yrs.
@@aj5180 I can buy latest Android phone every 3.5 yr with interest amount only 😁
@@aj5180 tbh not many people care about software updates/security updates, 90% of Indians don't even know what those are. So, just by saying that apple doesn't become superior to android. And matter of fact I'm also using an android phone it's been almost 4 years without any problem. I also am not against cc and I think they are pretty useful if used right.
@@bibekdebbarma. I dont have anything against android. Apple is not superior to android phones of comparable price. In my experience sub 20k phones after 3 years become painstakingly slow or some or the other component fails. Totally agree with you that 90% people dont care about security. I am totally pro CC. I have 12 active credit cards.
One should use a credit card with careful monthly planning and have the self-control not to spend more than necessary. If we lack self-control in spending, it's better to use only a debit card. I am getting 2.5% cashback overall, which I am happy with. I pay my credit card bills as soon as I receive my salary and never let the bills become overdue.
Which credit card are you using ? Can you recommend a good card for grocery shopping (Mostly Big Basket and Flikart grocery), Amazon, Flipkart, and Uber. I also want domestic airport lounge access. Preferably a credit card with no or very low annual fees.
Hi, I live in dubai.
Why IndMoney doesn't have option to pay bills of SBI Rupay card???
4:00 indusind rupay gives 0.7% cashback/valueback. I use it for upi payments
Very useful podcast on credit cards. Coz it's very practical than many other channels' podcasts
You cannot earn 2% with upi through cc for smaller merchants who sell on the road. Only with bigger merchants, you will get them, who will already be accepting cc, which may offer better returns than RuPay cards
Credit card never convert amount EMI , then after you have to pay interest @ 42%
If you miss any EMI, late penalty is Rs 1300 plus 18%GST
It is complete Trap
Where is the PDF ?
Where is that pdf for credit card information??
Which card is good for utility bills?
Airtel Axis credit card
How do you carry All the cards with you, when you go out ? 😊
Thanks for content sir 😁😄😄😺🙂🐱🐱
Got the IndusInd rupay card, love it!
Sir
Can you explain with complete analysis regarding investment nps category 2 i.e hdfc pension fund and normal sip hdfc mutual fund
PDF doesn't seem to be included in the comments. Kindly send link to download.
Credit Card jyada use krne se incometax ka issue nhi hoga kya ? AIS me heavy transaction dikhega uska kya ?
Grateful ❤
Auto wale ke account mein jab credit card se jayega to kam jaayega than actual amount you discussed. Thode paison ke liye maar peet karenge kya?
Hey, How is ICICI Ruby credit cards?
I have ICICI coral and Amazon cards. should i take Ruby cards if bank is offering it for lifetime free?
Ye bhi btao na ki jitni income hai usse kam spend karna hai aur and jitni limit hai uska 30% max spend hota hai for better CIBIL
There is no hard and fast rule of 30 percent max expenditure on credit card. That's said so because if you spend more, say 50 or 80 percent, then credit card company thinks that you are living more on credit which may be detrimental to bank if someday you couldn't pay the bill..
.
But that is not of much difference if you are paying bill always on time.. I have even used once 60 percent of 460000 of limit to buy my bike.. And didn't make any difference to my CIBIL..
Sab QR code pe nahi hota rupay credit card se payment marchant off karke rakhte hai..
So how many credit cards to have in total 1 for journey 1 for food 1 for mobile recharge 1 for taxation 1 for online shopping 1 for fuel jitne category utne card , and all cards ke yearly charges bhi use kaaro ya naa karo😅
Return on spending (ROS)😂😂
Credit card is a biggest Trap in Indian community, without credit card a middle class person bought a mobile phone of 20k to 30k but when he get a credit card and when bbd sale shows him no cost emi in card plus instant discount he bought 50k phone instead of his budget. Credit card make people spend more than usual. Reward tabhi milega jab kharcha karoge, aur sab reward ko hotel booking main use karoge tabhi aukad ke bahar ka hotel book karoge aur budget se bahar jake kharach karoge last debt trap main fasoge and suicide karoge
बात सही है लेकिन उतने का ही खरीदो जितने का खरीदना है
Good information. ! Could not find the PDF. Can you please share it.
Eye opener, great value content. Could you please share the PDF document in the description as said in the podcast.
क्रेडिट कार्ड का मजा तब है जब उतने का ही खरीदो जितना खरीदना है
लेकिन क्रेडिट कार्ड की वजह से 30 की जगह 50 हजार की चीज खरीद कर 20000 का डिस्काउंट लेकर अपने आप को समझदार समझना बेवकूफी है
Credit in financial terms means borrowing money. One should not live his/her day today life on credit. Be mindful that it is very difficult to manage/control spending using credit card, bcs that does not reflect your money (your bank balance), and thus you will end up spending beyond your means. Your money actually is what your debit card balance shows, and thus you should spend keeping the debit card balance in mind. Please avoid credit card as much as you can. Thanks. This video actually promotes credit cards, which I as a middle class do not advocate. Please use your own brains and stop falling prey to credit cards.
Wrong information given
If 30000 is spent 2% k hisab se 600
Whereas the spokesman says 2% of 30000 is 7000 something.
Bhai 600×12 hai 😅
Cashback on credit card will be received on the credit card account right? So we can use this cashback only to offset against the next credit card bill.
individual person ki phone pay mein rupay nahi chalta
Bhai abhi abhi baniyagiri me aaya h, Baniyo k blood me day 1 se hota h ye sab
Use credit card but be ready to pay interest yes it’s beneficial I am using it
Hats off buddy
Credit card ahould only be kept with very small expenses which you orherwise would anyways do. Credit cards are good for bad time if you need money urgently
He is so happy with his cards
Good Information Brother
Please add the PDF link in description!
Is the fact that it should be how many and not how much credit cards bothering anyone else?
Managing 31 credit cards
Wtf 😂
Khayali pulao Jo kabhi sach ni ho sakta
Chote type ka sabzi wala ya auto driver khudko merchant bolke register nahi karte hein toh wahan UPI mein credit card apply bhi nahi hote hein.Misinformation hein video mein.
There are no pdf on discription
Meximum shopkeepers blocked payment by rupee credit card😰
What is this tracker?
Rupay credit cards work only for Merchant QR not our normal payments
Just like any other firld uaing credit card discipline and accountability. I use cards to get free flights and hotel stays and I am surprised people do t k ow this and its even a topic for podcast. Its free i fo already available.
Which card gives you free flight and hotel stays
22:50
Bhai you must give best credit card for Middle class...Please reply
U can track credit card on CRED application
Are bhai sale tax Kitna deta hai be income tax bulaun kya
Cashback and cashpoint are synonym???
Can anyone name
Induslanf Card
Tata nue which version?
Tata neu infinity offers 1.5 cashback on upi spends too
Sahi istemal se credit card is very good.
please share your excel tracker sheet..
PDF kaha hai?
Abrar radhid from jammu kashmir and podcaster hemant are hamshakal
I am using credit card since 2009
what is ur credit score
सर,मैंने पिछले सितम्बर से एक रूपया भी नकद(cash) खर्च नही किया है।सभी खर्चे card और UPI से ।भारत में शायद ऐसा कोई दूसरा व्यक्ति नही होगा।सर,जहाँ Digital payment स्वीकार नही किया जाता, वहाँ से मैं कुछ purchage नही करता हूँ।
There are 1000s who dont use cash. I have not made cash payments for 2-3 yrs now.
Sometimes few products you’ll get for cheaper price if you pay cash.
PDF kidhr he bhai
Provoking check youself
Jo laptop buy kara kya uski zarurat thi yeh bhi question puchna chahiye tha
This will lend you to debt trap, doesn't matter what he says, also, there is no where the Host confirmed whether they verified statement of the speaker to validate what he is saying. Here i'm not asking reader/viewer to avoid using credit cards, its a very good tool. but not for spending for stupid reasons and thinking i will earn more than I spend via rewards. it doesnt work like this in longer run,
250 max h axis Airtel recharge p😅
where is the PDF ?? 😂
1000 rs nahi 1180 rs fees hai cashback card ki , aur ek mahine me 2 lakh kaun kharcha karta hai bhai ?? Kyunki aapka kehna hai ki ek mahine me fees recover ho jayegi aur recover k liye 2 lakh kharcha karna hai per year
You only need to spend 23600 Rs in a month to recover entire 1000+18% Gst
Maths kar bc, 20,000 chahiye bas per month
Jada tar marchent ne credit card UPI sey payment close kra rakha hai
Jaise Main Ek teacher hun Aur Main Apni profession Mein Chahe jitni bhi energy spend kar lun 15000 se upar Army nahin kar sakta abhi is Samay to ab aap bataiye main Kis Tarah Se energy spend Karun ki meri arning badh Jaaye aur Agar arning Nahin badh sakti to mujhe energy Kahin aur is friend karni padegi ₹ bachane ke liye
Bhai cashback only online milta hai per itna need kisko hai jo spends krega aur kisi aur ko spend krne ko doge toh lanka laga dega
Where is pdf?
Good
Pdf???
Where is pdf?
DEFINE A MIDDLE CLASS , HOW MUCH INCOME WILL DEFINE A MIDDLE CLASS???????? GUEST SPEAKER SPENDS THE AMOUNT WHICH 1 OUT OF 1000 PERSON WOULD THINK TO SPEND
Well said. "middle class" term is being misutilized. Every rich and ultra rich people made us to consider them as "middle class". Middle class who spend 16 lakh a year on credit cards! 😅
Kushinagar Uttar Pradesh
merchant avoid payment via CC, due to 1.99% charges
Unki behan ko naman
Credit card companies are spending to guide people to use CC
All these things are hypothetical if you start spending like him then you may fall with too much loan n burden
sab aadha aadha information hai, kuch bhi lene se pahle hard card ka pura information nikalo, 2-4 video aur dekho individual cards par and uske documents read karo. sab me kuch catch hai
class 9 mai sirf 2 rs milte the
Phir sabhi ka bill payment karne ki date yaad rakho. Aur galti se chuk gaye to heavy panelty pay karo.
That's why we need Trackers
He is spending too much per year bhai... this idea is not fit for all. You will start spending unneccessarly to get points...
Payment pe reward cover hi nhi kiye 😂
Credit card lootne ka sabse jabardast card hai
Spend spend and spend. It will become so complected that one might require an accountant to manage this. And this podcast is for ultra rich people who are spending over 12-16 lakh per year through credit cards.
Young people please avoid this credit trap. Ind money must not endorse these things.
Credit is a kind of loan. And avoid loans at any cost.
This way this guy becomes too obsessed with calculations on credit cards. Not practical at all.
Ye log indian society k bahar baat kar rahe. Sirf Delhi society or class ka public ka soch kar chat show kar rahe. Time waste