Dark Side of Credit Card

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Explained in 1 Minute
Dark Side of Credit Card
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Video Editor: Prince Sogani
Content Research: Rudra Bansal
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#LLA #CreditCard #LLAShorts 74

[@abhishekkumar-gc3cp]

Credit card is only good for the people who really don't need it.

[@DragonStoneCreations]

Very well said 🔥

[@amitamola2014]

I've it and hardly use it... Rather I do but rarely 😅

[@pritambiswas136]

Bouncer gaya bhai

[@TheLovelyEnigma]

Nope. Instead For The The Ones Who Know How To Use It N Are Self Aware.

[@krishnamohan1481]

Very very true words.

[@Masmon]

With great power comes great responsibility.

[@kaushikraj4324]

If u r aware of that.

[@ayush4565]

@@kaushikraj4324 even if you are aware of that...

[@ayush4565]

@@Masmon then good for you

[@Masmon]

@@ayush4565 Thanks.. Actually I wanted to prove the point to @Kaushik Raj but bymistake I replied you.

[@Masmon]

@@kaushikraj4324 I have saved more than Rs.15000 by buying the things I actually need in advance in the last two months especially in Big Billion and Great Indian Sale. This Rs.15000 is additional discount over already discounted price. I have two credit cards with zero annual fees and I always pay 3-4 days early to avoid forgetting.

[@SANJAYKUMAR-ut4if]

somewhat happens now with the UPI I think, cause UPI is easy to scan and make the payment. The cash mode is always best to save your unwanted expenses.

[@thinkingaloud7925]

but India isn't printing anymore money

[@shivam.kushwah]

i completely agree with you

[@anupamchhabra]

Yes it is like every bank in my pocket

[@anthonis482]

Yeah bro

[@Mann143]

​@@thinkingaloud7925😂😂😂😂ah gya mulla 😂

[@BD-od5ys]

I have been using credit card for 2 years,I save around 3k-5k every year. If you have discipline then credit cards are really beneficial

[@shreyanshpranshuchauhan5991]

In the end every thing related to money comes down to discipline and self control

[@mayank8892]

A person who has no control on himself is always in some or the other trap, it's not the fault of credit card.

[@aribloddykool]

No , he is right. Whenever you spend in cash, you can feel the money going away from your hand. This is not the case when we spend via credit cards because we don't feel the money only in message we see . The banks utlize this psychology to make us spend more.

[@mayank8892]

@@aribloddykool Try to maintain a ledger every day. And don't fall prey to advertisements 👍👍👍

[@manish-khatwani]

I agree with Mayank, people need discipline be it spending money through cash or credit card. If you can maintain your spends then cc is good for you.

[@karanskaushal]

Agree with you you need to build credit score and credit card helps in it. Credit card usage must be done moderately and impose self restrictions, point is to follow a budget and spend accordingly now you can use cash , credit or loan but don't overrun the budget.

[@roshanz7364]

👌🏼

[@International-issues]

I m using credit card last 10 year for me it's helpful it's depends on your habit

[@rupam922]

Exactly!

[@medico_shailendra]

correct

[@theeddytor3490]

agree man u gotta have some sense of control over spending. knwoing that you would buy anything through credit card only if it's absolutely necessary and not just for some points.

[@TheRjsrana]

Absolutely right 👌👍

[@mohammedarafatlone]

10 years = habit

[@umeshmidha730]

My brother is a chartered accountant and had 7-8 CCs till 2021. He used to spend way way more than planned and had to arrange money to pay the billing cycle. One day, he deactivated all CCs and broke them. Now he carries only one card that only for fuel purposes as it saves him money. CCs sw chadha hua bukhar utarne main time lgta hai aur tab tak kaafi khrcha ho jata hai

[@jaymatadi5903]

Agree with you but it is very useful to pay hospital bills in case of emergency and when you don't have cash. We had experienced this during my Father's operation. Apart from this I have stopped using it for shopping. Thank you so much for sharing..

[@yoosafn1344]

We should have an emergency fund for that.

[@ajeyjangid]

​@@yoosafn1344ur right, but sometimes it's not possible

[@LabourLawAdvisor]

Important Link: link.labourlawadvisor.in/shorts COURSES: labourlawadvisor.in/link/LPTI DEMAT ACCOUNT: link.labourlawadvisor.in/demat QuickPayroll: quickpayroll.in/

[@sumitdas265]

Monday ko hi credit card close karwata hu thank you sir 🙏🏻

[@noblenihal6272]

When you have not borrowed in the past or have never had a Credit Card or a loan, there will be no updates about you with the credit bureau, who mark such cases as NH or 'No History'. Due to a lack of details, the credit bureau will be unable to comment on your payment behaviour. In such cases, some banks / financial institutions/NBFCs may not provide you with any unsecured credit facilities. Read this online... Please clear my doubt as I might wanna apply for a loan after few years If I don't use credit card then I might face problem while applying for loan?

[@daringaru7215]

teek bol ra yaar ....

[@monikadcosta5375]

Bullshit ,u spend on some one else's product, some one els will spend on yours ,half baked knowledge

[@mrinalshimpi941]

Such a bad advice. It seems like you don’t know the benefits of credit cards. If you don’t pay your balance on time, then for sure you will face financial charges. But if you use it wisely it’s the product one can have.

[@gauravbokade1667]

I just use credit card to keep liquidity in bank account so I can use it for emergency use. As salary comes , I pay all bills and use CC again.. as simple as that

[@yasirkhan-gh3oy]

bhai bilkul sahi .. i have been doing this for like 6 years

[@armybrat3062]

@@yasirkhan-gh3oy if you stop using for 5-6 months then it will charge 2.5k

[@yasirkhan-gh3oy]

@@armybrat3062 even if i stop using my card.. they wont charge me.. bhai.. annual fee nahi hai

[@siddhantsjaiswal]

That is so true, I have been trapped for long but corona outbreak made me realize the importance of making the correct decision on closing those credit cards for good. Thanks for spreading the awareness.

[@erbhargavvyas]

I do not agree 100%. The first part is correct that it is easy to fall into the trap of more paying. But one keeps accounting off all its expenditures then the Credit Card is a really good one.

[@randomboi637]

I wish you could understand the real point of the video 🥲

[@ticklewickle7531]

@@randomboi637 what is the real point??

[@nkspro1]

This is my thinking too, because you get all your monthly expenses at one place, but what is being said in the video is also true, you will notice that you have spent MORE than you intended to.

[@vaibhavraut9654]

Once my wallet was lost. My cash was gone but my blocked my credit Card so I could save my credit card money but not cash Ye cash ke favour me aise chutiya argument dega toh mai card ke favour me bhi aise argument duga

[@arshinmahajan]

@@vaibhavraut9654 noice

[@krypton8viper369]

The act is Mesmerising . Best and Incredible. From Music to Every pause so Clean

[@ngourab98]

Solution to this trap (according to me) 1. Keep an account aside. Generally the ones with higher interest rate above a limit, or with auto fd Facility. 2. Whenever you make a spent in your credit card, transfer the same amount of money from your normally used SB account to the above account. It might be difficult to send each spend individually, so you can combine few spents and send the total money. Or, may be combine spents from 2-3 days and send the money. 3. During the bill payment time, pay from the above account. This way you will have the actual feeling of "cash outflow" for every spent and still use the benefit of Credit Cards. However, financial discipline is required so that you don't end up withdrawing money from the above account except for the time of cc bill payment.

[@barunjena6171]

also, banks are in alliance with scammers who give credit card to non-eligible customer and share their number to scammers. the scammers then scam the customer and if you share OTP and money is deducted, the bankers get a commission as well as the hard-earned money of the customer who pays for the fraudulent transaction.

[@snehchao8042]

My dad uses the credit card the most, but it’s for entirely different reasons, when the bill comes he is able to see all of the spending’s of the month and look for all the unnecessary ones, that way he keeps track of all the money spent while benefitting from the rewards and ease of payment.

[@adhishsharma5015]

Great Idea....I am glad you mentioned it, Thank You!

[@GuruBlogs1]

I am using credit card since 7 years but never done foolishness 🙏

[@souravdeb4178]

Arey bhai debit card mein bhi monthly statement nikal sakta hai 😂

[@mannadeb3736]

I do all necessary expanses in credit since 5 years and I am using daily but the only necessary expanses. There is no fizul khacha in my list. Till date 😂

[@monkeydluffy3961]

@@souravdeb4178 rewards discount bhot fyde milte hain

[@vinayakonimani7628]

Him- credit card is a trap also him - *posts a short on how to use a credit card*

[@purnasaimadala]

This is business

[@Lifestyle12360]

It's so true my spending abnormally increased after UPI came and then these coupon code rewards and cashback(which the UPI companies used to give long time back) fuelled up my spending.

[@donnelfernandes8989]

This is so true. After using credit card for 8 years I stopped all my cards as I realized no matter how much I earn I don't have anything for saving or investing. my spending just increases and after every month i just dont understand where the money went

[@Sachin.Sheelavant]

OR you can set the limit on your card to just accommodate your essential expenses

[@vaibhavraut9654]

Exactly bro

[@AbhisekPattnaik]

But do one really does that? I do :)

[@RojaJaneman]

These companies have created these cards after great research. They know that even if u keep strict controls, u r still going to change behavior 1% at a time. And you’ll b a different person within just a few years. But you’ll never notice that change taking place inside. And you’ll truly believe that u were the one in control and that u made these choices independently. And that this is ur true nature.

[@harshpawar3134]

@@RojaJaneman agreed brother👍👍

[@RojaJaneman]

@@harshpawar3134 Sister

[@LifeGeneralist]

Mandeep, please don't ask to switch to CASH, firse ek notebandi karna padega :)

[@terimummymerihojaa]

Usne debit card bhi bola tha 😒

[@akshanthakar989]

By cash he means, money that you have.. Like debit card. Don't spend money you don't have, should be a thumbrule of your life..

[@crazyshorts4278]

There's nothing wrong in using Cash. So held the GOI responsible for stupid decisions

[@LifeGeneralist]

@@crazyshorts4278 Black money propogation, tax-chori, hawala

[@rainman2543]

Cash is a legal tender, and a part of national identity. Use it often, Use it with pride

[@whyandhowdaushitenande]

It depends, in my house we only use it for important monthly stuff like grocery and it's like 5k every month otherwise never considered using credit cards for inherent than that..and it's helpful

[@PrabhsimranSingh15]

Satyavachan Mandeep ji. Sach kadwa lag hi jaata hai.

[@Lokesh_Karki]

One tip: pay the bill immediately from you account to credit card after each transaction, this way your actual money will be getting lowered and you won't do extra expenses, plus keeps the credit card utilisation ratio low.

[@another_aditya]

How elaborate in hindi

[@HarishKumar-zo1gc]

I have 7 credit cards, still i feel he is absolutely right. So true.

[@ks-ok1oc]

Bro 🔥🔥, which banks

[@sumitpatle8961]

Yes he is right.

[@AS-le5hr]

@@sumitpatle8961 which he? There are two he in the video

[@acrobat9018]

@@ks-ok1oc 7😳

[@ks-ok1oc]

@@acrobat9018 what bro.?

[@osiris9693]

Have a spare account and transfer all your cc spending into that account as soon as you use your cc. It gives you the feeling of money being debited while getting the reward points at the same time.

[@vksoni696]

It's not a financial video just! It's a full comedy..😂😂🤣🤣🤣

[@KakashiHatake-fl7oc]

At the time of COVID/ Lockdown, I was not able to get the expected amount of insurance for my mom's operation, credit card was boon for me at that time.

[@Anirban456Mandal]

❣️😇 ... Even I always use my CCs wisely and I love all my CCs.

[@praveenk4598]

Everything has both good and bad sides.A knife can be used for many things.it depends on intellect of person not the instrument. That's my point of view on things.But I do believe we should be careful and intelligent enough to get benefit out of anything from which we can ...😁🙂

[@nochance3914]

Knife is still more useful in Kitchen than Credit card at shopping mall or online shopping.

[@sambhosale2457]

Very True...You are truly geniune... That's why huge fan club ❤

[@chaitanyagaikar007]

As rightly said by most credit card experts, only spend money thru credit card that you already have. I usually use it for groceries and flights and credit cards have great offers, so you actually save money. I usually save around 5-10%

[@hunnyarora4011]

You are Very True, Jabse Maine Credit Card Bnd Karwa diye tabse saving Honi shuru hui h 😂

[@AdityaKantKushwaha]

Government of India- Switch to Plastic Money LLA- Switch to Cash🙄🤦

[@adityasalunkhe1288]

He also mentioned debit card I think

[@AnirudhAustin]

Happens in casinos too. We keep throwing coins having no feeling of spending real money. And is also happening with UPI payments.

[@hello62940]

Can you guys make a video on paying house rent through credit card including the latest regulatory clauses.

[@rajveersingh2056]

I bought a 30k mattress... Online I thought it's a tiny expense. it's OK. But then I had some money in, (borrowers returned). A good 3 bundle of 100rs note... Still 30k but I feel that I would never be able buy a mattress with this 3 bundles of money... That feels too much money...

[@surupamandal6363]

This was so relatable.

[@mukeshm280]

I pay with credit card and at same time pay in credit card also. At the end of the billing cycle credit == debit, accumulated points converted to cash that’s bonus and no yearly maintenance charge 😃

[@girdhar3224]

U r really an option trader👍

[@Warrior-fl5vo]

Are you doing...option trading

[@AmanpreetSingh]

I buy groceries, medicine, fuel, educational resources, music subscriptions, ott subscriptions, pay for bills(electricity, gas, phone) and does dining with credit card these are absolute necessities in our lives and I don't actually panic buy stuff(which takes a lot of discipline)

[@ISaidSorry]

You are right bro I'm feel that every day

[@9000eldiablo]

Good you're making people aware of such a simple thing. Generally someone who opens his/her first salary account is also offered a free card but not certainly not taught how to use it judiciously. I recently got a new credit card and kept the limit lowest possible and only use it for fuel (because of good rewards). It catches dust the rest of the days.

[@alokgupta4218]

One of the best channel and content , YOU ARE ACTUALLY TEACHING THE THINGS WHICH everyone must to know and aware. Kepp growing bhaiya

[@user-lk7ec2nx9i]

So true. Actually I bought a TV last week with The credit card, it feels so empty. Switching to debit card is best

[@bhartiya826]

Ha sir ye baat UPI pe bhi lagu hoti hai Pahle din ka 1000₹ kracha hota tha.. Ab 4000₹ kaise pohoch jata hai pata hi nahi chalta..😢😢

[@VikashSingh]

Can you do a video on how credit card companies pay for reward points and what happens to people who fail to pay on time. Basically what is the source of all the benefits we get from CC. Thanks. And keep up the good work. Also high time you setup another channel for shorts.

[@jaywardhan_makwana]

Credit card network VISA charges get some % from transaction charge which is shares with bank.

[@VikashSingh]

@@jaywardhan_makwana true. The interest rates are also really high. So I thought it would be a good video topic.

[@erbhargavvyas]

When we use Credit Card (or for that matter debit card too) the seller pays for the transaction Fee, Tax on it, and any other expenses. If you use cash/NEFT/IMPS/RTGS the seller gets full amount. A tip: For a high-value product bragging that you will pay in cash/NEFT the seller may give you a discount that he has to pay on the transection fee of the card payment and still you can get the GST bill. ( I am not saying to cut on taxes)

[@shabnambano9955]

So relatable!! I got four credit cards from different Companies and I started shopping…now every month I online order something that I actually don’t even need. 🤦🏻‍♀️ I became shopping addicted now.

[@Anirban456Mandal]

That's your problem, not CC's problem.

[@RAMTA_SLAYER]

@@Anirban456Mandal true😂😂😂

[@dubbingo]

Debit card se bank balance katega Credit card se limit katega dono me same feeling hai cash to bilkul use nahi karta mai, unexpected spends cash me kar deta hu mai

[@2iz2]

So true bro...totally agree...loan and credit cards are so easy now a days...total loss for middle class...makes you spend a lot more than necessary

[@shouryasanjeev9284]

If you're worried about the "feeling of kharcha", maintain a hand-written record of your credit card expenditure which you update after every swipe. Also helps with tracking down any hidden fees or bills.

[@saikumarsketches1775]

Yes absolutely. My friend used to do that. But i can't, I spend more money. At the end of the day I feel like. I'm broke But he laughs at me🥲

[@sonalgadhvi5485]

Baat to sahi he apki. Pahle meri salary 12K thi fir bhi paise bachte the pr abhi meri salary 23K he pr ulta abhi loan n credit card mil gaya to me pareshaan ho gaya hu.

[@bhoootG]

It's because of inflation

[@Yuu_7360]

He pointed out something so simple we never noticed, I have a single parent and therefore we usually have financial problems, toh paise soch smajhkar hi kharch karte the but kuch dino se upi payment method use karna start kardiya hai to usiki aadat lag chuki hai aur 2000 - 4000 kharch ho jaate hai par feel hi nahi ati ki kuch kharch kiya bcz note hath ke nich se nahi gaye, warna jitna net banking se kharch karte hai utna hi agar normally kharch karne gaye to hatho se note ginte waqt aankho se aasu ayenge.

[@funfinance]

Vaise to paise k sath bhi ho sakta hai na, aapke pass jada paise aa gaye and then also people loss than money (it happen in lottery etc) It's about financial Disciple

[@hemantjasoriya]

Really Good video !! I don't use CC but this video gave me motivation for future 🤣

[@PAVANKUMAR-fk3rf]

Every weekend at home, I track my expenses on all my cards and analyze my spending. After I realize that spending crossed 50% of threshold, I rethink before every spending. I never faced issues with credit Card 👍

[@devbat619]

Cash se bhi paisa jata hai, when u get ₹5 dairy milk from store instead of actual change. 😅

[@saikumarsketches1775]

Thanks for the advice ❤❤. Firstly I thought this suggestion only for me. When I opened comment box. Then realized everyone are in this trap.

[@chaudharysahab8473]

You are wrong. Credit cards are good if you use it wisely. But let's be honest, if you're not wise enough then it doesn't matter how you are paying.

[@vishaldz]

That the problem.. CC does not allow one to use it wisely rather drives away all the worries and boosts buying power

[@vikhyatpuri3850]

I instantly subtract the amount I spend from my savings account, which gives me the idea of hiw much balance is left 😂

[@ayanmallickchoudhury8765]

Bro message aata hai 🙄🙄

[@subhankardas4288]

Thanks for the information sir😊

[@TheVishjasz]

I think it’s good, because I use it as a short term loan . I have 3 cc that has 2 lakhs limit , I swipe it at my pos terminal @1.25% service charge . And I need to repay it in 50 days. So 2500 interest for 50 days . Apps 1200-1300 per month. Not a bad deal.

[@doppelgangerv3.049]

I totally disagree with this video. I've been using a credit card from 4 years and I spent significantly less amount of money when using credit card compared to cash or debit card. I always check my credit card bill which urges me to spend even less. I will have a precise track of all my expenses and the total amount of money spent which is possible with credit card.

[@ritamrabha]

Totally agree

[@rvfinancialsolutions7699]

Me too

[@imaginativecreations6658]

credit card seller spotted..

[@doppelgangerv3.049]

@@imaginativecreations6658 so ignorant of you to jump to these kind of stupid conclusions. And what makes it funny is that you seem so confident with your assumptions 😂

[@recior]

Some might disagree some don't It depends on person to person So this video is not wrong for everypne.

[@aaravraazz7702]

Cred owner be like. Dhandha barbaad krega kyaaa😂

[@Divyang_24]

"RIP" credit card 💳. Keep growing LLA team.💪💪💪

[@honeyandblackseed881]

I use credit card as Debit card and it helps me to build business mujhe credit card ka reward vi milta hai and uska payment debit card se karne par debit card ka vi rewards point milta hai. And yes use cc only if you used to withdrawal method of contraception 😊

[@ajaylimboo1049]

I agree with you bro spending digital money does not feel like i am spending money at all

[@chandanraj5968]

This i too have felt, whenever i pay digitally i spend more but when done in cash i spend less

[@himanshududhankar]

"Paise Dena baki hain" ka feeling is very bad.... That's why I don't like credit card

[@Kevin-uc3ir]

Same here

[@tahersaleh3608]

Bro i don't have credit card till date use only cash & debit card at some point i use the same strategy you mentioned and am happy

[@TejasNaik01]

Mujhe khelna hi nhi hai tere saath! That realisation when someone is wrong.😂 Thank you for the enlightenment.

[@apoorv2498]

I read same in Parag Parikh book where he illustrated it with two friends on lunch

[@MayurShinde01]

Thank you for being so honest…!

[@mohitpandurangwaghade5]

bro you are right. when I pay by cash i thought not to spend more money. but when I am using UPI transaction I feel free to spend more which resulted in usles purchase.

[@nicxgill1619]

Main expense management app use karta hoon har kism ke expense aur income track karne ke liye aur isme credit card expenses bhi included hain. Ek cycle mein kitna kharch hua kitni liability hain kitna assets hain sab track hota hai. Plus budget bhi plan hota hai app mein to kharcha bhi dekh ke hota hai. Plus rupay UPI bank se direct fund katwane se better alternative hain kyuki ki apka interest thoda badh ke hi milta hai.

[@krishanugoswami13]

It's all about consumer behaviour, its how you deal with it. I too have a credit card, but only for specific occassion. I would prefer to invest my money rather than spend through credit card.

[@akshitsharma2385]

Exactly the same thing my professor told me in college

[@todaysreview3875]

Intresting information!

[@onlyscience5265]

I am trying to do this since past a month. Thank you.

[@arijitigi1]

"When you pay from debit card you will realise cash flow and you are aware about money"... And what about paying the outstanding amount won't you realise? Kuchh bhi... A responsible guy doesn't fall in any kind of trap but utilizes all opportunities.

[@aribloddykool]

He is right because when we spend from debit card the balance is directly.shown and the money gets deducted immediately When we spend in cc then the balance is outstanding and unbilled. The credit limit is something we don't possess like bank balance so it affects us less. Moreover the money has to be paid the next month. This helps us to spend more than we actually want to. Its not about self control its about the feeling of spending virtual money is not as strong as real money that tricks us.. this is the reason why banks push for cc more. Sometimes you also have deals on credit card emi options so u feel u save money but actually you're spending more. For an example your budget is 20k to buy a phone but a 30k phone has good emi schemes on cc so u end up taking that and hence spend 10k more in the process.. :)

[@DilipKumar-wc1ne]

Agree with Aurijit, one real example form my side, I needed an Item to buy, visited showroom with 5k budget, but pasand aaya 7000 wala , fir kya paid by cc, direct or indirect budget increased to 7000, and if someone say I had to control, but you can but sometime you push yourself a little bit ...and this is not trap but a slippery island 😂

[@JobFarming]

भाई वीडियो बनाने के चक्कर में कुछ भी बकवास मार रहा है।।जिसको पैसा खर्च करना नही आता चाहे उसको कैश दे दो वो उसको भी उड़ा देगा।। एग्जांपल मेरे गांव के सरपंच का लड़का है।।अगर वो जमीन आज तक संभालकर रखता तो आज वो 150 करोड़ का मालिक होता।।जब उसका रिश्ता हुआ था तब 75 एकड़ जमीन बोलकर रिश्ता किया था।।आज भट्ठे पर मुंशी का काम करता है।10 हजार तनखाह है।।और जमीन सारी ही ऐसे कोड़ी के भाव बेच दी।।हमसे 20 लाख लिए थे 2005 में 2008 में उसने 3 एकड़ जमीन की रजिस्ट्री ही नाम करवा दी आज वो 3 एकड़ का रेट 10 करोड़ है। फिर उसने अपने बेटे को scorpio गाड़ी दिलवाने के लिए 1 एकड़ जमीन बेची।आज वो एक एकड़ 3 करोड़ से भी महंगा है।।और ये बात सिर्फ 10 साल पुरानी है।।जिसको संभालना नहीं आता उसको कुछ भी करो वो बरबादी ही करेगा

[@JobFarming]

@@aribloddykool वो बंदे के बेटे मेरे साथ पढ़ा करते थे।मेरा काम था स्कूल के बाद सीधा खेत जाकर ट्रैक्टर पकड़ लेता था और 10 11 बजे तक चलाता था।सिर्फ खाना खाने के लिए उतरता था।।वो दोस्त था मेरा और बोला करता था कि तुम्हारी भी कोई लाइफ है पहले स्कूल और फिर मिट्टी खाने खेत में आ जाते हो।हम गाड़ियों में घूमते हैं,ब्रांडेड कपड़े पहनते हैं,जब आईफोन 5 आया था तब उसने सबसे पहले ले लिया। तब 50k का था।।। उस टाइम 50k की बहुत वैल्यू हुआ करती थी।।मैने 2015 तक नोकिया का फोन रखा।। आज देखो।।बाप उसका काम करता है भट्ठे पर खुद वो 10k की नौकरी करता है।।मैं आज भी वही मिट्टी ही खा रहा हूं जैसे वो बोलता था,पापा ने 80 लाख का लोन भी लिया।लेकिन अगर आज चाहूं तो 100 करोड़ रुपए अकाउंट में डलवा लूं।लेकिन जब खानी तो 3 टाइम रोटी ही है तो क्या फायदा।।किसी को वो भी नसीब नहीं होती।। लोन,क्रेडिट कार्ड बुरे नहीं हैं सिर्फ अच्छे से use करना आना चाहिए।।हमने 80 लाख का लोन लिया।। उस 80 लाख के कारण 15 करोड़ की जमीन बना ली।।तो हमारे लिए तो इतना अच्छा हुआ।

[@Anirban456Mandal]

Exactly.

[@rohitsah3754]

Yes this is extremely true for normal consumers but for me credit card is like making free money since I am a business man I have high turnover and in every payment I get 1-2% cashback.

[@anonymous_wanderer]

I have 3 credit cards and only use them for offers and have some debit and prepaid card which i also take advantage of. Also credit card helps to increase credit score so it can help take loans for lower interest rates.

[@innh9094]

You are real men

[@TaleVerse]

Bhaiya everybody learns to use it with time. This happens only when someone gets a card at start but gradually, they realize and use it meaningfully.

[@habijabi7408]

This is actually true. I started spending more and more

[@LuzyM]

That's why I love LLA more than any other finance influencers. They actually care about saving people's money.

[@kreativechaos7606]

Use credit card only for utilities and bill payments like electricity bill, recharge, gas, petrol etc. And if you still feel you will become unaware of your spends and will start spending more, maintain a diary, and at month end write down all your credit card spends, that way you'll manually write the amount, and total monthly expense, and will get the feeling that you're spending a certain sum. Also with this you can analyze and limit/control expenditure.

[@akashdeepkumar8019]

Or you need to have a hard discipline for CC like me

[@terimummymerihojaa]

Classic example as stated in the video 🌚

[@rahulsindhav5279]

@@terimummymerihojaa no some people are actually very disciplined .... They know very well credit card se karo ya debit card se karo ya cash me karo pesa APNA hi ja raha hai.... I have 5 credit cards but most of time bill is ZERO .... Hardly I use it...even if I use it it is for some discount and k immediately pay to cc from my account...

[@nkspro1]

Yes, discpline is the key. But most of us lack it and sometimes that extra expenditure for a little better product / service tempts us to spend more.

[@akashdeepkumar8019]

@@nkspro1 exactly i have 3 CC but still owns a 4 year old phone, in this festival season I was getting too many good offer on phones through CC but still don't bought, Even i can afford it. I rarely used CC for shopping online or offline I have Amazon pay icici CC Which i mostly use but only for utility expense on which I get 2%. So, CC doesn't impacted my mindset and helped me to save 2% on my utility expenses.

[@95sunildutt]

I am using credit card from last 13 years and i am enjoying it as i set my limit to 10% of my salary And i do most of that 10% in my monthly bills and grocery and fuel

[@ravidramodi6900]

What is interest rate bro?

[@Rakesh-le4yq]

That "क्या बात है यार, शाब्बाश" was awesome 😆😆🤣🤣😂😂

[@dubbingo]

RIP if you need urgent money, call your relatives and get blocked LoL

[@prasannamohite5811]

Now we have to pay fee for cash withdrawal

[@anondodasgupta5275]

I do not agree. I carry out my expenses with credit cards only. Everything is planned. If you make your plans and record your expenses, then nothing to worry. You should keep a percentage for unplanned and miscellaneous expenses too. Credit cards are not traps. It's the human mentality which is. This is similar to the school debate on whether science is a boon or a curse. It depends on your usage.

[@RojaJaneman]

A very small amount of human population is able to b that self controlling. For a vast majority, the habit takes over the personality, a bit at a time. You’ll always believe that u made those changes independently. However, that’s not the case. There’s billions of dollars of research that backs up these tactics. That’s y these companies r profitable businesses. They know exactly what they’re doing. They have a proven record.

[@anondodasgupta5275]

@@RojaJaneman So, is it the Credit Card fault or the fault of the humans? Very easy to transfer the blame and not work on one's own weaknesses weaknesses. I am not denying the issue he said. I am denying the reason and the solution. To run away from a problem is never the solution.

[@TheVinay456]

@@RojaJaneman beta tum vhutiye ho 😂😂

[@RojaJaneman]

@@TheVinay456 Dadaji chor ko saab chor hi lagte hain 😆

[@shivapatra1757]

Absolutely loved it

[@anjalisawle3094]

I have a credit card, i use it quite sensibly. I have always kept track of my expenses. It all comes down to how you manage it. In some circumstances it is quite useful. My father needed an emergency surgery the hospital refused without the payment, credit card came in handy.

[@junglee-bee]

Yes, this is true. Even with responsible usage, one doesn’t realize that their monthly expenses have increased. Say you wanna buy furniture. On credit card, we go easy on purchases & buy extra shit like that beautiful (unnecessary) vase, and that new picture frame (to replace an older but still fine one), and that more rich-looking rug. The fact was we went to buy only a bed & cupboard. Came back with extra junk. Or another example: restaurants! You go for dinner, choose an expensive place because its a special day (& more money means more effort… right? 😅) Anyways… you end up ordering so much that its like a personal buffet (& actually wasting food). Happens. Being aware of this is the first step to more responsibility.

[@akshayrautela5202]

Well I believe credit card has its benefits as well. Also, I believe this video is applicable to more newbies and not seasoned users who have now settled and have better financial planning.

[@rohitchoudhari9648]

You have assumed example of luxury liver. Not of an investor or financially smart person. Please show public that life too.

[@vishalroy2902]

In such case, You should control your emotions during shopping. Nothing wrong with credit card.

[@thapliyal_jii]

"If your life is running on credit card your life becomes a little bit aa"-Brigadier Pratap (Shaurya Movie)

[@being_change]

Fuel ⛽️ dedicated credit card are giving up to 4-5% cash back points on fuel purchase & charging 18% GST on it 13-14% loss per transaction. Please make a full video on it

[@pratikshachakravarty8489]

Well I beg to differ. From what I understand all these reward points are actually added benefit on top of the MRP of the items we purchase using it; which we don't get in debit card & not at all in cash. Hence, instead of using debit card for our monthly needs(not wants) we should rather use credit cards to get cashbacks, reward points, etc. Open to discussion!!

[@arpitkansal3785]

Kharche toh debit se bhi utne hi hote hain. Solution is "increase the income" 😂😂😂 coz kharche toh rukenge nahi. 😂😂 And, aajkal covid me itna e commerce se order and return hota hai, vo sab credit card se. Statement kharab nhi hota and month end me verify krna bhi easy rhta hai 😁, and return bhi krdo toh credit card pr reward points mil jaate hain. 😂

[@The_Learner...08]

Credit card se order Kiya aur cancel kiya to paise wapas credit card me aata hai kya

[@adarshverma4599]

"Risk comes from not knowing what you're doing" - Warren Buffett. It maybe a trap for those who don’t understands it, but those who does understand it, gets benefited from it. Instead of imposing your personal opinion to others, tell pros and cons of it and let them decide what’s best for them. And switch to cash! That’s your solution to this? Seriously?

[@hasittoprani5376]

Bro you don't understand the temptations of getting something on credit. Or maybe you do, but most people can't resist. So he is giving the advice to the majority low to middle income class people who can't resist the temptations of buying something on credit. Imagine Ambani Adani or Tata seeing this video, do you think they care about this advice? So let me repeat, this video is just meant for the majority of middle to low income people who may not resist the feeling of buying something on credit.

[@kunalkashelani585]

I have credit card and I only use it to improve my Credit score. 200 ka Amazon purchase karta hoon per month yaa kabhi kaam pade toh hi usse jyada!!

[@Heheh01737]

So so so so so so true bro that line jab jeb se paisa jata hai to hi uske importance pata chalti hai