The Most EXPENSIVE Credit Card Mistake of My Life || Every Paisa Matters

[@RajveerSingh-vf7pr]

TLDR; + One Bonus worst thing Not even mentioned in the video. Total Due: 1 Lacs Minimum Due: 1 Thousand Case 1: Pay 999Rs. Boom credit score dead. Interest charged on 1 Lacs. (not on 99,001) Case 2: Pay 1001Rs. Credit score not impacted. Interest charged on 1 Lacs. (not on 98,999) Case 3: Pay 99999.99Rs. Credit score not impacted. Interest charged on full 1 Lacs. (not on 1 Paisa) Case 4: Pay 1 Lac. Happy Path. Bonus Worst Part? You get some interest free period (20-45 days) for any payment on CC right? If you fell into any of the case 1/2/3... Any future payments won't be Interest free until you clear all the dues. Guess who learned this the hard way? Hope it helps even 1 soul.

[@EveryPaisaMatters]

Very nicely summed up. I wrote these points to be covered (some were covered also) but people rarely watch a 20 minute long video. You have very rightly shared what is actually to be said! ♥️

[@Sushovan55]

Very insightful information. I feel sorry for your loss @Rajveer Thanks for sharing the information on this topic @Every Paisa Matters

[@kuldeepsingh-nc5cj]

I always pay 1 rupee extra, because same error i had faced with sbi credit card

[@thar4x4]

Never rely on telephonic conversations for financial transactions always send a follow up mail to customer support mentioning what was discussed on the telephonic conversation the same day for record keeping of the telephonic conversation.

[@sriranganaidu6222]

Banks should make it's rules flexible for customers.. It's atrocious to charge 30000 for .83 paisa.. My opinion is Banks should not charge any amount for atleast up to 10 rupees due and also need to charge late fee and interest on only outstanding amount on due date, not on entire amount..

[@debanjanbose]

Happened with me. My bill was 11,635/- I misread it and paid 11,365/- instead and was charged purchase interest. I had to call multiple times just like you to get the charges reversed.

[@EveryPaisaMatters]

Thanks for sharing your story.

[@chimkandieducation]

Perfect example of "EVERY PAISA MATTERS" 🙂🙂🙂

[@kausiksantra4493]

That is why, I altime paid 1rs more 😅😅😅... And cred is best... I have total of 15 credit card... using cred, I manage effectively

[@EveryPaisaMatters]

Thanks for sharing

[@debanjanbose]

I also have 10+ active credit cards and I also use cred to manage the payments. Unfortunately SC and Amex cards cannot be paid as these are not on BBPS.

[@yogeshmhasagar6709]

I have 20+ cards and have created an Excel sheet, rather than depending on external apps like cred, cheq. The payment due dates are divided into two dates 1st and 19th of every month. Like this way I easily manage my billings. Note: If you have multiple due dates, request banks to change it. I prefer two dates in a months so that I can reshuffle the credits from one card to other.

[@Arabind_123]

Best way to pay credit card bill is to activate auto debit 😊

[@nikextracool]

I think there is now a new rule from rbi to charge only on the left money not the whole amount. Please check.

[@inmemoryofcoco-sj2275]

Induslnd bank customer care just like Bsnl customer care, it won't connect 😅

[@yogeshmhasagar6709]

1. As you transaction amount was too high i.E. 7L thats why the charges was high too. 2. The charges are implied automatically by the system. 3. When you raise a request for refund, it has to go for approval from higher authority of the bank. May be manager. That why it will take time. 4. Mostly banks will revert when its your first time case. Thank you for sharing this, same happened with me but in this case the issue was from bank. They have reverted the charges but it has impacted my cibil score. It was way back in 2016 so could not help much for my cibil.

[@DeepakKumar-mp9el]

Very good and important lessons

[@sashidharreddy2197]

Had faced similar issue with icici bank where they charged my father around 12000 but they never gave any waiver nor the refund.. and over delay i was worried if they charge. Even more and had paid the money..😢

[@Annasunny-d3j]

It happened with me too.only 40 paisa was due.bank app was showing bill fully paid but I didn't take the risk.i paid extra Rs.10/-.

[@x_man007]

Is it legal to charge interest on whole amount?? Instead of remaining

[@EveryPaisaMatters]

Unfortunately yes.

[@x_man007]

@EveryPaisaMatters our rules r fucked up. We should raise this to RBI

[@EveryPaisaMatters]

RBI has made these rules

[@aryapatel7615]

@@EveryPaisaMatters late payment fee and other charges relating to delay in payment shall be levied only on the outstanding amount (adjusted for payments/refunds/reversed transactions as and when credited) after the payment due date and not on the total amount due its in rbi website

[@rohitsovale962]

Really good information. Thank you for sharing your experience 🙏

[@EveryPaisaMatters]

Glad it was helpful!

[@Kiran-tk5qw]

Thanks sir for great lesson

[@OishikSarkargplus]

If your monthly credit card bill is 8 lakhs, I wonder how much do you earn per month. People say India is a poor, its really inspiring how India is growing and how much people have started earning. They really need to rethink India once again.

[@EveryPaisaMatters]

This is not a bill that I rake up everyday.

[@jltvideos]

Same happened with me for 25 paisa. Got it reversed, which got credited in next month statement of Standard Chartered credit card. They said its all system driven.

[@Rahul45245]

Very very nice video. your video helps a lot me and my friends. thank you so much keep it up.👌🏻🤗

[@amitabhmaheshwari]

When it comes to paying even a bit lower than the total amount due, these banks become worse than the moneylenders of yesteryears. No wonder they push credit cards so much

[@freqh]

I am new to the credit card world ( 1 month+)... Trying to learn its uses, charges, etc recently... This/Such video is undoubtedly a gem of knowledge to beginners like us... Thanks a lot Sir ❤

[@sheerazkb]

Main poore month bill deta rahata hun😅😅

[@anuptiwari2312]

मैं हमेशा राउंड में 1 रुपये अधिक पेमेंट करता हूँ, कभी कभी 10 -20 रुपए भी कर देता हूँ cred से पेमेंट करने पर पूरी राशि पेड होती है।

[@EveryPaisaMatters]

@@anuptiwari2312 good strategy

[@ek_virus]

Standard chartered serves Worst service in CC industry.

[@dhruvthakkar5902]

I agree i regret having a paid sc credit card

[@SKK54321]

Today I know why Every Paisa Matters.....

[@EveryPaisaMatters]

Indeed.

[@sheerazkb]

Also you must X with SR # and u will see that they will connect you atonce.

[@sheerazkb]

Chk my X right now I twitted at @EvryPaisaMatters also

[@pheenom-yj4sn]

sab to thik hai but 83 paisa 30,000 kaise kr diya ye log ne. gajab hai 😝😝🤣

[@Rumi_1995]

Dear Sir, Please advise how to increase credit cards limits ?

[@jkdhawan3636]

Sir, E-mail aap ne ChatGPT se draft karwayi hai… pls tell main sahi kah raha hun na ?

[@EveryPaisaMatters]

Correct

[@jkdhawan3636]

@@EveryPaisaMatters Thanks Sir for you honest reply 🙏🏼

[@RajveerSingh-vf7pr]

That mail sent was enhanced by chat GPT, Awesome.

[@EveryPaisaMatters]

Ofocourse. Why not to use technology 🧑‍💻

[@SacchBolunga]

Me to card swipe krne ke next day hi payment kr deta hu, or limit se 10rs se faltu hi payment krta hu.

[@saurabhpati6799]

Whoa! I was stressed during the entire video. Thankfully a happy ending.

[@rpawankumar]

Thanks for sharing your experience sir 😊

[@PCc186]

Mera to back to back 2 month same issue face kiya may. Seems, they have outsourced their business to 3rd party. And, 3rd party folks are unprofessional

[@pgggg844]

Sir es scenario mein cibil ya baki credit score hit honge?

[@sharath_ah27]

Thanks for sharing this. It was really helpful information.

[@EveryPaisaMatters]

Glad it was helpful!

[@abhimanyumonu]

but upto rupees 100 there are no charges as per rbi policy.

[@thar4x4]

For a customer who was wrongly charged you were way too thankful, as a valuable customer such interest should have not been charged in the first place. Standard Chartered sucks, SBI cards is way better , they resolved my similar issue in 1 phone call no follow ups required. Thank God I am not a Standard Chartered customer.

[@EveryPaisaMatters]

Going by rules, they were not wrong.

[@mtk800]

I have seen very cases like this... That's why I always pay extra amount. BTW congratulations 🎉

[@sheerazkb]

No not at all you must pay even a single penny

[@MrKatariaShankar]

What does RBI guidelines says???

[@EveryPaisaMatters]

As per their, interest is charged when full amount is not paid.

[@aryapatel7615]

@@EveryPaisaMatters NO

[@rajasingh-sl8go]

You should have complaint at customer care

[@vicky842]

If it was and Indian bank like ICICI or HDFC you would never have been able to get the waiver., no matter what...

[@EveryPaisaMatters]

Lucky me!

[@vicky842]

@@EveryPaisaMatters I hope you agree with me

[@sheerazkb]

For that 83 paise u must round off in plus.don't exclude any paise for payment.

[@EveryPaisaMatters]

Arre galti ho gayi thi yaar, inalways try to overpay. Aur galti ke karan yeh hua!

[@sheerazkb]

@EveryPaisaMatters I twitted and tagged u check it

[@pradeep2kedar]

System checks: Fully Paid or Not Paid. In this case, it's technically not fully paid 😂❤

[@gopalmeche]

Glad that you got it reversed. I think they cannot charge you any interest or late payment fee if the Total outstanding amount is less than ₹100

[@EveryPaisaMatters]

Late payment fees cannot be charged. Interest is charged if full amount is not paid.

[@sheerazkb]

I pay every paise if 83 was with me.I must have paid it.also I will not round of and make it a ₹.

[@tousifahmed6931]

Bbps aney k baad hdfc chillar nai show karta i.e 100.23 amt hai to 100 hi bolta hai. Isi chakkar me dusre app se extra 100 payment karna padta hai. Nai to lag na jaae.

[@dhruvthakkar5902]

@@tousifahmed6931 nahi it show it i always check from hdfc web app

[@prajval.shegde]

How much ever cards you have you won't need an Excel sheet but you do require Cred app 😂😂

[@seeder1529]

Why not keep auto pay on? Such oversight will automatcally get resolved.

[@EveryPaisaMatters]

Lessons one learns after such mistakes.

[@ashishg202003]

That's why I don't use Credit Cards ;-)

[@serry4-786]

Are u living in stone age?

[@ashishg202003]

@@serry4-786 financial freedom age !!

[@rameshbasantani878]

Liked the video sir From khush 😊

[@chartered.ashutosh]

Yeh scb bank ka error tha , i faced same but they reversed 😅 all charges

[@EveryPaisaMatters]

Nahi, it was a genuine mistake

[@rajivsinghal1863]

SCB is one of the worst bank. No other bank does it but SCB doesn't care. I had so savings account with them about 20 years back but closed it due to their bad customer service. I also had 2 of their credit cards but I closed one of them (15 years old card).

[@EveryPaisaMatters]

Fortunately for me, they cared and reversed the charges.

[@sheerazkb]

@@EveryPaisaMatters really, I wrote the same in my X just now to you.

[@x_man007]

Written me communication rakhha better h

[@Thakpend]

Better option hai..credit card ke janjat mai padho hi mat

[@saurabhsrivastv]

do not use american cards

[@Rbmnpreact]

CRED IS THE BEST TO MANAGE

[@ritikyadav3470]

@@Rbmnpreact still careful it doesn't add paise sometimes or pay less if you can check

[@vvrchandra]

Call recording with iphone..?

[@EveryPaisaMatters]

Yups!

[@sheerazkb]

Ek card do ya teen din bus...

[@thar4x4]

Ye Phir Hera Pheri ki audio clip kyon lagai hai ?

[@EveryPaisaMatters]

Babu bhai ban ne ka shauk hai…

[@ek_virus]

BTW its clearly your mistake that u have ignored 83 paisa. As u always say please do full payment or excrssed payment.

[@seeder1529]

BTW he literally mentioned the word "oversight" in the video.

[@EveryPaisaMatters]

When it’s our mistake, we should own it. And I did.

[@ek_virus]

@@EveryPaisaMatters but sir you are lucky that it got reversed.

[@PunjabiTricks]

Ess baar to bach gya ree baba warna lene ke dene pee jane thee 😂😂

[@EveryPaisaMatters]

Bas mat poocho….

[@YPSS-UTube]

Pay ₹ 1 extra bhai,whats the big deal,,,? Fxxxxu video🎉🎉🎉

[@EveryPaisaMatters]

Haan, maine to jaan bujh ke kam diye. Maje jo lene they

[@EveryPaisaMatters]

What is your Biggest Credit Card Mistake?

[@amitabhmaheshwari]

So far, in last 22 years, none.

[@tejaspatil5958]

Amazon pay later helped me in building cibil score but I delay payment and now I am blocked 😢

[@abhaykumarsinduriya5736]

Y ur voice got changed

[@EveryPaisaMatters]

I changed it for privacy purpose.

[@Shahrukhkhan-dc6sf]

Sir baal baal bach gye aap to

[@EveryPaisaMatters]

Sach mein

[@tatvagna23]

SCB isn't registered on BBPS?

[@EveryPaisaMatters]

That's one of the problems

[@amitabhmaheshwari]

Even Amex is not registered. But HSBC is.

[@vamsibudumuru2112]

I got Swiggy card as LTF by the HDFC agent on September but now it was charged first year fee. I contacted them and they are saying sorry sir please accept it my manager is scolding me. What to do?

[@friendlyguy5790]

@@vamsibudumuru2112 that's why confirmed it with them via email and phone call for proof banks are known for this kind of fraud who told you get lifetime free credit agar tele marketing wala na bola hoga tho wo jhut bolte hai target pura karne ka liya

[@EveryPaisaMatters]

Raise a complain

[@godsbruh]

raise and put card close request

[@sheerazkb]

Ur mistake boss

[@EveryPaisaMatters]

Totally agree.