How CREDIT CARDs Make You Lose Your Money

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Are you considering getting a credit card but not sure if it's the right financial decision for you? In this video, we'll be exploring why credit cards can turn out to be the worst financial mistake for some. From high interest rates and fees to the temptation of overspending, we'll delve into the pitfalls of using credit cards and how they can lead to debt and financial struggles. We'll also discuss alternative options for building credit and managing your finances. If you want to make informed decisions about your financial future, don't miss this video.
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[@vijayrajput3709]

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

[@vikram1262]

It’s an instrument that goes into ur Anus and drills till you bleed

[@mananagarwal7002]

Agreed!!

[@KarthikBhatl]

Exactly .. you should know where and how to use

[@theouts1der]

+1

[@soumyacareer]

Exactly ....if you spend according to your finances and does not grow greedy

[@autodidacttralph4928]

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.

[@farshanhameed7999]

Write a blog and please share

[@adarshagrawal9309]

I am currently using 7 credit cards, getting plenty of benefits every month ❤️

[@varunmittal3617]

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

[@mvfFacts]

@@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

[@ArumitTalukdar]

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!!!

[@akshaysuriya6784]

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.

[@LiberalEntrepreneur]

@@akshaysuriya6784 he clearly mentioned English content in India, there are indeed many English content overall.

[@akshaysuriya6784]

@@LiberalEntrepreneur I too was talking about content creators in India. I just didn't explicitly mention it.

[@Nitishk58]

No, I don't know why. Can you please explain?

[@Nitishk58]

@@LiberalEntrepreneur there are a lot of Indian English content creaters. Too many tbh.

[@aniketdutta5167]

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.

[@AllenBaby7]

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.

[@ankursmooth]

@@AllenBaby7yes. And those who done use credit card, they use cash or upi.. people dont use debit card after upi

[@aniketdutta5167]

@@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.

[@thefoodavenue9723]

It can be also due to misplacement of slide. This much of mistake is alright.

[@KartikGautam-ns2um]

Just in case the team sees this msg . I want to say that you guys are doing an awesome job .

[@nishitraj.]

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.

[@chaaaaaaaaaaaad]

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 .

[@abduljilanids]

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

[@ajiteshkumar]

or just see if you have the cash in liquid and exploit credit card rewards

[@irfaanfarhat]

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.

[@Rakesh_P]

As a south Indian who doesn't understand a single Hindi word , this channel is the best thing on KZbin. I Appreciate you for keeping the content in English. Thank you !

[@thewatcher1947]

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.

[@adithya4804]

@@thewatcher1947 But aevy tv doesn't use any south Indian language. What is the purpose of that phrase?

[@jethro0730]

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

[@armageddon9241]

@@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. 😀

[@buddhasdisciple4935]

Hindi is derived from Sanskrit , why so much animosity towards it ? ? And ENSLAVER'S language you have learnt very well...well done !

[@bharghavak]

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.

[@mohitnarsinghani90]

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.

[@SubhagGupta12]

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

[@jatinkashiv4193]

Aevy is a vibe!! Focus guys,focus lmao,love the consistency!! Ocus has the best reactions.

[@ClumsyPsychopath]

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

[@sarang5953]

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

[@jaydipbhamre2460]

The MBA joke never fails to make me laugh 😂😂

[@fear7356]

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

[@jeswinsamson7733]

As a 17 year old i can Confirm This As True😂

[@sanchit6107]

Science stream? 💀

[@adhip0574]

Hey we in the same boat

[@unibyte09]

@@sanchit6107 ayo what do you mean by science stream? 😆

[@normie111]

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.

[@soureesht9278]

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

[@josephjalappat8673]

This was so informative. I have been very curious about credit cards and this has been very useful. Amazing video! Thanks a lot :)

[@Het-1.618]

You should have 5 million sub right now what are youtube doing with talent like this... Respect ❤️❤️

[@VallariSharma]

Got my CC today and AEVY dropped this, WHAT A MATCHING VIBE

[@iamnimish]

Thank You for this video. I was literally confused & used to think Credit is better than Debit, due to its popularity and ads.

[@swatisrivastava739]

You guys really put your heart in your videos... Really nice content.. Very knowledgeable... + Gets me through my boring break time... Keep it up

[@vinayakmoorthy]

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.

[@wildpants9347]

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

[@mayurteli91]

Very well explained , Thank you for sharing & spreading awarenss about it ✅

[@TheAmit89]

I love this channel because I like the way of story telling and of course a good content.

[@moonlightrathore]

You guys are justtt amazing! With the quality of presentation, information just amazing

[@tusharfromearth]

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.

[@adityaarora4303]

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.

[@davidspencer3994]

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.

[@joyfred5432]

Hi @ADITYA ARORA, how do you manage all 20. Any specific app?

[@shiv_i_am]

Superb, really appreciable ! This topic is Much needed for me ! Thank you

[@MotivationMMA]

The best Content helped me understand a lot Keep doing guy's All the Best 💥

[@Xpertgamer750]

Awesome vid . Keep up the good work ☺️

[@jatinsinghthathola4120]

Another amazing video which educates us GenZ. Keep going. ❤️❤️❤️❤️

[@rahulnautiyal6674]

Thank you so much for Raising Financial awareness among us👏👏👏🙏

[@manukonar]

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.

[@Archangle-lv4kt]

Love this channel!

[@lekshmananV]

Amazingly Explained Aevy TV Team.

[@themusicguy616]

A great insight to credit cards beatifully explained all my doubts regarding the credit cards have been cleared !!!

[@ritikparida7345]

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]

How does an automated excel sheet work?

[@ayushdewangan878]

If you don't even spend 10% of total limit then probably you don't need 3 credit cards.

[@ritikparida7345]

@@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.

[@ritikparida7345]

@@ayushdewangan878 Every card has its own benefit and used for different motive. Also, sometimes it's exceed when it's emergency.

[@bubblybhai7647]

@@ritikparida7345bro, can you please share the excel sheet?

[@chintupintu148]

Thanks a lot avey tv i'm deciding to take credit card, i have took the decision according to your video thanks a lot

[@akashkarn8617]

Brilliant video & excellent presentation by the lady.

[@aniketgupta8117]

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!"

[@miliciousss8213]

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 💞💞

[@nikhil_06_]

Right kidney for the charger was hilarious!😂😂

[@may3678]

Humour + very well articulated content in English thats very well explained... And the presentation.. superb job team.

[@saisubashjonnalagadda6767]

Aevy is a vibe 💖

[@shubivai]

As always quality of a content is top notch 👌

[@gautamarun2022]

Well explained. Thank you ❤

[@venktharish2329]

Thanks for the info

[@prathampandey4413]

Aevy is a vibe 🔥

[@burlymonk7456]

Great one, UNIQUE!! 💥💥

[@the_hustling_wanderer]

Excellent topic 🙌

[@tusharthakurmw]

Christmas Gift was amazing 😍 Aevy Tv is a Vibe 😍❤️💎

[@dheerajsharma1670]

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

[@praddumnvats6759]

Aisa dost sabko mile

[@safitahir6420]

Mere cards pe mujh se zyada mere friends/family k emis chalu hai 😂

[@bannaedwa0079]

Avey's vibe is amazing 🤩🤩

[@bhooshan25]

very informative videos. I subscribed to this channel.

[@vedavyaas4886]

Keep educating 💯

[@KK_Genkai]

You guys are Doing a great Job 🤟

[@ChaitanyaBelhekar]

Great video!

[@joyfulvase]

aevy is a vibe❤

[@Om_420]

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

[@kartikyadav5704]

AEVY IS A VIBE 🙌🙌

[@mananagarwal7002]

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.

[@imdoer789]

May i know which cc you are using?

[@mananagarwal7002]

@@imdoer789 HDFC Infinia and Diners Black

[@Joshua-xv9qf]

AEVY IS A VIBE 🔥🔥🔥🔥

[@kishannageshshanbhag9514]

Amazing Video!

[@lwm-laughwithmemes2006]

That's why Aevy is a vibe.

[@pratikbodi]

Aevy Is a Vibe!

[@booknerds010]

Great video really amazing 👏 👌

[@rakeshmaradana]

I'm i addicted to Aevy tv ,😭 Then why I'm never missed any notification....but i liked it very much..

[@shuntz]

This was an amazing video.

[@chetus91]

Nice video - weird choice using the Niyo Global card for some clips, which isn't even a credit card!

[@usertube23]

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.

[@Rajneesh-cq7zd]

no. i hate shorts

[@adithya4804]

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.

[@burlymonk7456]

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..

[@usertube23]

@@adithya4804 how can they give you a "false sense" of information? Please enlighten me or possibly provide the link of the "study" you mentioned.

[@Jatiin.singhhh]

Lovely content 📈

[@omkarjamadar6246]

Guys You are doing great !! Please make video On Network marketing scams 🙏❤️

[@rohandate9454]

Good information 👍🏻

[@rohanp1026]

Aevy is a vibe

[@jashanthn3364]

Amazing content 👌 👏

[@pravink9884]

Every one should get a credit card to nurture financial discipline. Credit card is one of the good way to begin with. 1.Credit card is the safest method to pay any bills, In the case of theft or unauthorized transactions there is 2-3 days for charges to post in to your account. You can call the credit card company and block the transaction.If its debt card there is no refund. 2. You always get cool deals/ cash back with credit cards 3.With steady spending and paying bills ON TIME you can improve your credit score which should help eventually to get access better rates of interest and loans

[@jmr228]

aevy tv is a vibe

[@ScriptyVijay]

Great work guys 👍 Its a credit card 101

[@dolfindino7430]

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

[@Sonu-cy1cl]

Education with this fun is the best next gen level edu content 🔥❤️

[@saurabhrajput1188]

Love u guys

[@bhatts18]

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.

[@JayVadolkar]

I have never had a credit card issue. I have been using it for the last 1 year, now I have 6 credit cards. Even paying off 1rs on time. Credit score to the moon 🚀🚀🚀

[@suyogbhandare1761]

Your content is awesome! Who will not like it.

[@iamrshiv]

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)

[@sovanpatra4646]

I have watched every single video of your channel

[@GauravSingh-vt9pg]

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.

[@bubblybhai7647]

If you could not make correct financial decision and overspent, it is not a fault of credit card.

[@shubhambehl101]

Was curious like when you get a sponsor do you make a video around that topic or is it reverse? Anyway I stay away from credit cards even when I do have a financial discipline . A double edged sword

[@akhilthirunalveli8479]

Cred was needed here ❤

[@kattynl]

Lol.. the iPhone scene was funny 😂😂

[@Selenophile6]

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.

[@menoone]

This could be an integration of cred ;) how to manage credit cards, bill payments. Anyway Nice Informative video.❤

[@UserUnknown07]

Thank you ❤️

[@hariegomoji]

This video is very informative and eye opener too. I request you to make this video in Hindi too for a mass segment.

[@fearkilledmorelivesthanwar.]

The thing with smallcase is..dont blindly believe the ads and endorsements..invest your money in things you understand and keep ur money safe..

[@shinyserpent1234]

Credit Card video - Aevy tv - No cred recommendation...Adhoora Lagta hai 😉

[@shantanuselokar6357]

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

[@rosh862]

Late on this one , But Avey is a Vibe ✨