Avoid These Common Credit Card Mistakes | Essential Tips for Responsible Credit Card Use

In this video, we dive into the common mistakes made by credit card users and provide valuable insights on how to avoid them. Whether you're new to credit cards or a seasoned user, understanding these pitfalls is crucial for maintaining healthy financial habits. From overspending to missing payments, we cover it all to help you make informed decisions and maximize the benefits of your credit card. Watch now and take control of your finances!
#CreditCards #FinancialEducation #MoneyManagement #PersonalFinance

[@hamzapattambi7048]

ഞാൻ 6 ക്രെഡിറ്റ് കാർഡ് ഉഭയോഗിക്കുന്നുണ്ട് at Dubai. വളരെ useful ആണ് നല്ല രീതിയിൽ ഉപയോഗിച്ചാൽ. 5 കൊല്ലത്തിൽ കൂടുതലായി യൂസ് ചെയ്യാൻ തുടങ്ങിയിട്ട് ഇത് വരെ ഒരു കാർഡും ഡ്യൂ date നു മുന്നേ അടക്കാതിരുന്നിട്ടില്ല. ക്രെഡിറ്റ് ബാലൻസ് കൊണ്ട് വണ്ടി വാങ്ങാനും വീട് പണി നടത്താനുമൊക്കെ സാധിച്ചിട്ടുണ്ട്.

[@LukoseJoseph007]

The main thing to note is that credit cards are not meant for a time when you don't have money. It is meant when you have enough money and want more discounts/offers. Save up and buy later.

[@manunarayanan3392]

Credit card ഉപയോഗിക്കരുത് എന്ന് പറയുന്നതിൽ അർതഥമില്ല. Correct aayi ഉപയോഗിക്കാൻ പഠിക്കുക/പഠിപ്പിക്കുക. We all use knives, electricity, motor vehicles.. all these can kill you in seconds. Learn to use it right. If you do so, very good tool. Also you can use multiple credit cards, we all have different knives in kitchen. One for vegetables, one for meat, one for breaking open coconuts... Likewise, credit cards are different and can be useful in different ways. Just remember. They are knives.

[@achuaromalvlog]

You said it right. I like your analogy of creditcard to knives.

[@tonythyparampil8828]

Seems like you r in into credit card wing of a bank... Just sayinf

[@4thepeople929]

A knifed credit card sales executive 😂

[@haris2622]

ഞാൻ കഴിഞ്ഞ 15 വർഷം ആയി 12 credit ഉപയോഗിക്കുന്നുണ്ട്. നന്നായി ഉപയോഗിച്ചാൽ free ആയിട്ട് റോൾ ചെയ്യാം

[@User67578]

Sir one important point you missed out is like The bank initially gave some 50K limit , Gradually when we started using it and repay dues on time they started increasing the limit to higher amount for free , Which gradually increase our expenses and make us in emi trap and debt 😢 my experience, Dear youngsters from middle calss background kindky stay away from credit cards if you can .

[@harishkiran3663]

എൻ്റെ ലിമിറ്റ് കണ്ട് ഞാൻ കണ്ണ് തള്ളി പോയി!

[@habindas9863]

​@@harishkiran3663😂

[@a-livin-being]

You should maintain a border which you won't cross.As experts say, if you have 1lakh credit limit don't spend more than 30k. Try to use only 30%. As of my opinion, if you know how to use credit card properly. Then credit card is a gift for you. Track your expenses correctly and try to don't make bigger purchase using credit card. And if you feel like its a trap, stay out it. (This comment is not a financial advise, try things at your own risk)

[@User67578]

@@a-livin-being Nowadays people have some awareness, I am using a credit card since 2012 with limited knowledge, I spend the whole years behind debt , Youngsters from a middle class background better to save money from the initial days of their career rather than spending, Consume only the extreme necessary items using own money and save the rest in sip . It is my advice purely on my experience. Strongly recommend not to take credit card or personal loan or loans in any forms , Use bank account only to save money not to borrow, Stay away from loans and emis ,

[@arunthampi8768]

BOB ക്രെഡിറ്റ്‌ കാർഡ് രണ്ടു വർഷം മുൻപ് തന്നപ്പോൾ ഇരുപതിനായിരം ആയിരുന്നു ലിമിറ്റ്.. മാസം 16000 രൂപയ്ക്കു മുകളിൽ ഉപയോഗിച്ചിട്ടും ഇപ്പോഴും ഇരുപതിനായിരം തന്നെ ലിമിറ്റ്...😂😂

[@jayakumarkaarikuzhy4713]

Using one credit card and paying fully monthly amount in time. Very useful for paying bills and renewing subscriptions or donating abroad in foreign currencies. SBI Credit card is not gaining anything from me apart from the foreign exchange commission and annual renewal fee.

[@mohammedshihabudheen.p4018]

യൂസിങ് ഉണ്ട് 2 കാർഡ് ബട്ട്‌ ക്രാഡിറ്റ് കാർഡ് നല്ലത് ആണ് അത് പോലെ ദോഷം ഉണ്ട് ഞാൻ യൂസ് ചെയുന്നത് എന്റെ വരുമാനം അതിന്റെ 3 കാൽ ഭാഗം ആണ് ക്രാഡിറ്റ് കാർഡ് നല്ലതാണ് എന്നാണ് അഭിപ്രായം നല്ല രീതിയിൽ ഉപയോഗിക്കുക ഒരുപാട് ഗുണങ്ങൾ ഉണ്ട്

[@nikhilsoo]

എനിക്ക് 8 കാർഡ് ഉണ്ട്. അത് വച്ചാണ് ജീവിതം മുന്നോട്ടു പോകുന്നത്.

[@harishkiran3663]

No cost emi എന്ന് ഒരു സാധനം ഉണ്ട്😅. ടാക്സ് ആയി പോകുന്ന പൈസ അവർ തുടക്കത്തിൽ കാണിക്കില്ല. ബില്ല് വരുമ്പോൾ ഓരോന്നായി കുത്തി ഇരുന്നു നോക്കുമ്പോൾ ആണ് പിടി കിട്ടുക.

[@ice5842]

But aa amount already seller discount തരുന്നുണ്ട്

[@afzalkabu]

Viavaramilla alle

[@MoneyTalksWithNikhil]

yes

[@sebinveedon8334]

Based in uae . I have 4 credit cards .I planned extensively regarding its use and try to maximize the return on them . Fair to say if you keep up with the offers . Plan its use you can save a lot of money and get a lot of benefits . For example i get 10 % back on fuel spends on my one credit card which i use only for fuel . One credit card for loan with the cheapest intrest rates available .one credit card 5 %-2% return on my spends 4 th one for air fare which offers a great deals on flyer miles and returns .

[@VishnuVijayan-ci2uk]

Use it wisely en over the years manasilayi. In the beginning had 2 cards.. orennam kore nal kond kashtapett nirthalaki… ipo orennam ollu. Valare useful ayi maritund.over the years learned many things

[@MrAnt5204]

താങ്കൾ പറഞ്ഞത് വളരെ നല്ല അഡ്വൈസ് ആണ് ഞാൻ ഉപയോഗിക്കുന്നുണ്ട് ഒരു ക്രെഡിറ്റ് കാർഡ് പിന്നെ അത്യാവശ്യം ഘട്ടങ്ങളിൽ മാത്രമേ അത് ഉപയോഗിക്കാറുള്ളൂ... ഡേറ്റിന് പെയ്മെന്റ് ചെയ്യുന്ന ആളാണ്... എന്റെ കുട്ടിയുടെ ഒരു കാര്യത്തിന് ഹോസ്പിറ്റലിൽ പോണ്ട ആവശ്യം വന്നു dr സ്കാൻ ചെയ്യണമെന്ന് പറഞ്ഞു അപ്പോൾ തന്നെ ഞാൻ ഉപയോഗിക്കായാണ് ചെയ്തത് അങ്ങനെ ഒരു സെക്യൂരിറ്റി ഫീലിംഗ്സ് കൂടി എനിക്കുണ്ട് അത് വലിയൊരു ഉപകാരം തന്നെയാണ് 🙋‍♂️

[@shijithlallv]

I am using 5 credit cards and I don’t feel any issue. I don’t agree with your first point. If you can manage, it does not matter how many credit cards you own. Different credit card might be beneficial for different scenarios. For example I have ICICI Amazon pay card which I use only for buying items from Amazon.

[@NusuruDdeen]

പൈസ ക്കാർക്ക് ok ആൺ ' ഇത് നിങ്ങൾക്ക് ഉള്ളത് അല്ല സാർ .....

[@BineeshMG]

Since 2007, I have been using credit cards, and now I have 6 credit cards.

[@rajeshp.r9144]

I have 4 cards and all of them have good credit limit and all four of them are wihout joining fee and annual fee. Be wise using them that’s all. If you have a decent income and pay all the dues within due dates number is not at all a problem.

[@Frozen1988]

Multiple credit cards one advantage und, CIBIL reportil total credit utilisation kaanikkumbo all cards combine cheytulla utilization aanu kaanuka. Multiple crads undenkil ath advantage aanu. But anyway try to avoid max possible.

[@vineeshvasu519]

ക്രെഡിറ്റ് കാർഡ് എടുത്തിട്ടില്ല പിന്നീട് അതൊരു കടബാധ്യതയാകുമോ എന്നൊരു പേടി ചിലപ്പോൾ കൃത്യസമയത്ത് അത് അടയ്ക്കാൻ സാധിച്ചില്ലെങ്കിൽ താങ്കളുടെ മോട്ടിവേഷൻ ഭയങ്കര മോട്ടിവേഷനാണ്

[@fun66809]

Onnu vekthamayi paranju tharumo credit cardine kurichu engna use engna thirichadakandad ennu.. Federal bank anu ente nri

[@nithincbhaskar1418]

Yes i have one

[@baijusolaman6918]

Yes

[@vijayanm.p3380]

Yes. I am using it

[@MoneyTalksWithNikhil]

ok

[@MinhajMysha]

Thanks....

[@sethuramanramaswamyiyer8557]

According to me as you said it is always to have only one credit card. At the same time there is a provision in the card as auto enabled. If you mark in that way , then automatically on that date it will be debited from the account, provided it is our duty to keep sufficient amount in our account at that time.

[@MoneyTalksWithNikhil]

yes, good practise

[@abhiJith.vaakavayalil]

"ഞാൻ ഒരു CC user അല്ല. എടുത്താൽ കൊള്ളാമെന്ന് ഉണ്ട്" എൻ്റെ ഒരു സംശയമാണ് 👇 👉 ഞാൻ ഒരു CC എടുത്ത ശേഷം ₹20,000 limit ഉള്ള Card ൽ ഞാൻ ഉപയോഗിച്ചത് ₹5000 ആണ് . അത് ഉപയോഗിച്ച് ശേഷം 2 ദിവസിനകം ഞാൻ എടുത്ത തുക തിരിച്ചടക്കുന്നു. Bill വരാൻ ദിവസങ്ങൾ ഉണ്ട്താനും Situation മനസിലായി എന്ന് വിചാരിക്കുന്നു ഇതുപോലെ ചെയ്താൽ Credit Score നെ എങ്ങനെ ബാധിക്കും ? 👉 Bill (generate) വരുത്തിയ ശേഷം ആ തുക അടക്കണം എന്നുണ്ടോ ?? 👉 Bill (generate) വരുന്നവരെ കാത്തിരുന്നശേഷം അടക്കുന്നതാണോ ബുദ്ധി ???

[@MoneyTalksWithNikhil]

not sure about the credit score. but you can wait till bill date or due date. no cost involved

[@pixelmobiles5282]

Yes use 2

[@praveenkumart4106]

I have 4 credit cards for last 6 years but I don't think it's not a problem having multiple credit cards. I am planning to close one of them because that one is not useful to me.

[@rajeshisaac2915]

You are right ; if you use it wisely its good. I have two of them. Use mainly for emergency fund and one month cash rolling. God Willing, so far have been able to pay dues on time.

[@seansanwhybaptisingmakesch1930]

god didn't give you credit cards..YTou are just a victim of foreign funded conversion mafia.

[@koshyjoseph879]

True.unwanted purchase creation is more danger

[@MoneyTalksWithNikhil]

yes. need to use wisely

[@sajigeorge9879]

I am using one

[@nandu20523]

Yes, only one credit card. Very useful to me. I have given monthly auto debit option

[@MoneyTalksWithNikhil]

good

[@suhailavvumantevalappil6172]

5 Credit card😂 Hdfc2/icic/sbi2/ eppol pettirikukayaaaa😢😢😢

[@forjesusonlyforjesus.fight8695]

Good message 👏

[@n.m.saseendran7270]

If Credit card is used properly by not purchasing unwanted things and repaid on or before due date it is very useful. I am using it for the last 15 years and as it is used very judicially no single Paisa had been paid towards penal charges.

[@shijithlallv]

I agree

[@Frozen1988]

You r right in case all people are not like you and your circumstances

[@usham.g.1007]

Yes sir I am using

[@MoneyTalksWithNikhil]

good

[@basheerbm8326]

Best advice..

[@nishadali940]

If manage payments on time, help to build good cibil

[@bubbycreations1969]

Yes I have 4 CC

[@MoneyTalksWithNikhil]

ok. use carefully

[@AneeshNediyara]

I have been using 1 credit card for more than 10 years.

[@arunz9241]

Very useful information

[@achuaromalvlog]

ഇതും കേട്ട് ഉടനെ പോയി ഉള്ള credit കാർഡൊക്കെ close ചെയ്യല്ലേ, credit score ഇടിയും.

[@darshanrm5777]

Correct

[@vijayannair3621]

Good information

[@amalfrancis3489]

yes, 1

[@akhil471992]

good video sir. 👍i have 2 credit card. i m using this almost 5 years... make your payment on time. and carefully.. it is awsom. i m not wasting a single rupee in intrest. credit card is good. 👍 ( control your mind is important )

[@ice5842]

14 cc ഉണ്ടു് ഞാനും ഒരു naya paisa interest കൊടുത്തിട്ടില്ല, ആവശ്യത്തിന് മാത്രം use ചെയ്യും

[@hasimparayil6340]

100% ഉപയോഗികാതിരികുക

[@me_llamo_akhil]

Overall best credit card for present scenario??

[@proxima4u]

I used to have Credit Card. But closed once I identified my expenses are increasing when I am using credit card

[@saiganesh1919]

Discipline is the key. Using credit cards since past 3 or 4 years and gained nearly 50k in cash backs. Using 4 credit cards at the moment

[@SaalminSaali]

I am using

[@djmedia3997]

3 credit card und, airlines free ticket option ulathu kond eduthathanu, but oru card mathre transaction cheyan use cheyaru, due date nu munne payment cheythu theerakarund one yr ayi use cheyunu

[@user-tx8ek1hp5r]

Sir smallcase ഇൻവെസ്റ്‌മെൻറ് നെ പറ്റി പറഞ്ഞു തരാമോ

[@oomfikko]

3 nnam und 1) FI 2) Axis 2

[@shifasks1289]

If you have money... Pay expense using credit card and pay full amount before due date... It will increase your cibil score...

[@siva4frnds]

Some tips to rectify this issue will be appreciated

[@MoneyTalksWithNikhil]

will do

[@sippybijuthomas8203]

What's wrong in having multiple cards?

[@India-bharat-hind]

I use two credit cards and i use these very carefully.. So far no issues

[@MoneyTalksWithNikhil]

good

[@prabinkc11]

I have two credit cards,i use one mostly. Sir paranja pole oru mistake njan chaiyumdarnu, part payment which i later realised that i was get big intrest added,so i stopped my part payment way n reduced my card expenses

[@samanw6614]

Nice Informations

[@sivadasank4964]

We can Purchase everything from Flipkart by installments.iam also Purchasing flight tickets by no cost EMI

[@navaspakkada]

I am using sbi bpcl credit card. Its usefull for me.

[@MoneyTalksWithNikhil]

good to know

[@shebilkrishna7144]

Yes 3 cards

[@sunilkumarc6303]

What about auto pay ment

[@hemabalu1]

Before it was there... Later cancelled it in order to control unnecessary interest expense.

[@kausn2759]

2 credit card und 2 pay leter und Usege Limit kuravane koottaanethane vazhi Payment correct ane

[@howlsbarks1078]

Fuel card edukknam ethanu better sbi or hdfc

[@nishadali940]

Have 8 credit cards, used to manage payments before due

[@ejaspkamal]

😂

[@afsal_kk]

You will be trapped one day.

[@ice5842]

​@@afsal_kkcontol ഉണ്ടേൽ ഒന്നും സംഭവിക്കില്ല ഞാൻ credit card use cheyyan തുടങ്ങിയിട്ട് 6 years aayi ഇപ്പൊൾ 14 എണ്ണം ഉണ്ട് ഞാൻ annual charge reverse cheyyan 2 lakh ഇന്നും use ചെയ്യില്ല അവസ്യം ഉണ്ടേൽ മാത്രം use ചെയ്യും

[@MoneyTalksWithNikhil]

please explain how ?

[@nishadali940]

@@MoneyTalksWithNikhil Will think about billing date before spending..

[@amalpk6443]

Yes 6 card

[@rahulp.m6158]

Adithya birla group insurance edukan call vannapo emi via pay cheytu. about 54,000. Medical check up kazhinj policy reject aayi refund thannu. But EMI running aanenu ee aduthanu arinj. Unrecognised charges kandapo bankil vilich EMI cancel cheyth. 😮

[@visakhviswanathan238]

Credit card use cheyunnund

[@mathewmammen6538]

I am using hdfc credit card for the last 15 years and I do get around 4000 rupees as reward points

[@MoneyTalksWithNikhil]

thats good

[@padmakumar9011]

Bill cycle noki use cheyaa

[@arjun2672]

Kayyil credit card undenkil maximum ath vere aarodum parayathe irikkya.. Paranjaal pinne avan/aval de purchase full athil aayirikkum.. pinne athinte bill adakkan nammal avarde purake nadakkendi varum.. Njn ippo pett irikkyanu. office ile oru manager **## medical emergency aanu nn paranjj ennod kadam chothich cash illa nn paranjapo credit card inn arrange cheyyan pattumo nn aayi.. Kopp hospital case alle nn karuthiyum, No paranjj sheelam illathath karanam koduthu. transferred money to his paytm balance.. Due date il cash thirich thannilla. To save my credit score i paid it from my salary. 30k salary ulla njn 25k edth bill adach.. Last ente monthly expense meet cheyyan njn kadam chothikkenda avastha aayi.

[@Tijo91126]

iam useing two credit card

[@AbidPanali]

Same bank same person onnil kooduthal card use cheyyan kayyoo

[@sunilbabu6712]

Yes…..1

[@animolramesh4609]

Only one

[@nmullauda]

2 credit cards

[@9965sura]

Only one Using only for actual needs Pay in time

[@rcmachan8816]

2 card ഉണ്ട്‌

[@AbhiBangalore]

Using credit card since 2010. It’s a very useful tool if used sensibly. It has helped me in medical emergencies as well. I never paid a single money as extra financial charges. For monthly expenses I always swipe my card and earn points in return.

[@harishkiran3663]

Same here, though I have paid tax on no cost emi. Even then I think those purchases were a bargain.

[@hashimpallath]

Cc EMI ആകിയൽ നമ്മൾ ശ്രദ്ധിക്കാത്ത ഒരു കാര്യം എന്നു പറയുന്നത് അതിന് ജിഎസ്ടി വരുന്നുണ്ട്. അതും ഒരു amount ആണ്. Emi yil പറയാത്ത amount

[@VishnuV-tg9lr]

Yes. 1

[@hashima5978]

Gud

[@madhubhat6338]

M using 7 cards

[@asharafkaradpulikkalakath9339]

Yes I have 2 Credit card

[@MoneyTalksWithNikhil]

ok - hope its managing well

[@RJH443]

എനിക്ക് ഇന്നും പണം വന്നു.. ഹൈറിച്ച് 🔥🔥

[@vishnuvm3530]

Simply save

[@MoneyTalksWithNikhil]

ok

[@anoopanair143]

hdfc ക്രെഡിറ്റ് കാർഡ് ഏതൊക്കെ പയ്മെന്റ്റ് ചെയ്യുബോഴാണ് extra intrest ചാർജ്‌ ചെയ്യുന്നേ ?

[@aadhyaabhilash5584]

Ok sir thanks eniku 1nu ondu

[@abcabcd5068]

I have 2 two cards

[@shaikh4695]

2 sbi carda and 1 icici

[@ABHINISHPJ]

Started credit card 💳

[@harishkiran3663]

In the near future it will become impossible to live without credit card. Before UPI, everyone mocked digital payment systems.

[@riprockzgaming5294]

I'm using 2 credit card

[@anwarsadath6997]

Sir, എന്റെ കയ്യിൽ 4 ക്രെഡിറ്റ്‌ കാർഡ് ഉണ്ട് axis 3+1 sbi ഇതിൽ രണ്ടെണ്ണം (2 axis credit card)ക്യാൻസൽ ചെയ്യണം എന്ന് ഉദ്ദേശിക്കുന്നു. ക്യാൻസൽ ചെയ്യാൻ എന്താണ് ചെയ്യേണ്ടത്.

[@bincejosebincejose850]

No credit card

[@basiljohn9280]

Bpcl octain petrol card

[@ratheeshtg4408]

4 credit card

[@ice5842]

2.12 തെറ്റാണ് min payment അടച്ചാലും full payment nte delay charge ആണ് വരുന്നത്

[@User67578]

I went to huge debt becuase of Credit card , I took at age of 24 , Now me at 34 ,Thankfully I managed somehow to close all the dues , No the bank offering me a higher limit of 3.3 lakh , I didn't opt it , Think about closing the card.

[@drsreeshmagangadharan3976]

Ys i hav

[@yadhukrishnansnair-yw1sq]

Sir njn credit card use chayund njn bill genarate chayunnathin munp payment close chayth vidukayan so billl amount 0 anu vararu athukond cibil enthelum issue undakumo

[@RK-nz8ld]

Bill generate cheynathinu muney payment close cheyuthal athu cibilil reflect aakila which is waste. Always pay amount after bill generation and pay it before due date. Enal matrame cibil score improve cheyan pathu. Ipoll ningal bill generation muney pay cheyunathu kondu nashttamo gunnamo ila.