Ultimate Credit Card MasterClass for FREE | Ep 40

[@mehak72000]

Key takeaway: Use credit card only like a debit card. Your spending should define your credit card. Not the other way.

[@bvmanjunathrao]

This guys credit card points are so valuable, he can start a country with them!!! my head is spinning and saying points points!

[@dhawaljain3837]

First start earning 2 to 3L + per month and then you can spend 50k to 1L per month and then all this will make sense

[@ahesanaliasamdi7949]

Absolutely agree.

[@trippywillow9282]

u can have a normal salary and still get a credit card to make an habit and only when u start using a normal credit card and build a credit score is when u can get the good cards in the end.

[@Ajay.Kattepogu]

It all sums down to mindset, if one is wise enough to use the credit card in the smart way rather than using like a maniac, he/she can benefit out of it. Doesn’t matter whether entry card or card with 5-10K joining fees.

[@div_shrimali]

Starting with transferring UPI on rupay based CC is a good starting point. A family of 4 can easily spend 400k a year and treat itself to a nice treat once in a while, so that's not so bad a point to consider in my opinion.

[@drgauravsingh9328]

​@@div_shrimalithese influencers are just making us spend more and more.... making it a habit. Don't listen, save more, buy shares/gold/land. Multiply your money

[@piyushjain4394]

I am impressed by this person. He is rich and humble. Knowledgable as well.

[@neoam-o8g]

It’s always fun to do calculations in excel and enjoy … the bottom line is if you want to earn from credit cards or any other medium, then you will have to make an effor/ spend time to understand and utilize perfectly … to make money you will always have to make an effort

[@surajhk31]

Ofcourse nothing comes for free

[@Cyber_Shorts_CS]

The more you talk about these loopholes in public, Credit Card companies plans to put controls over them. I've been doing all these whatever he says from the past 8 years with my 15+ cards. I've seen the controls they place to prevent such loopholes. This is not a sustainable plan. The moment companies realise they make a loss on these, they stop immediately.

[@Masters_Yukesh]

That's why he says to use it for the current situation and try to keep it for future

[@dhruvildave3727]

Aly has been one of the most underrated find in my mentor's list! Loved his course on 1% club and kuddos to Sharan to getting him on the curriculum :)

[@narendrakanala6294]

I just joined yesterday credit card master class... Both are faking a lot to attract to join they 1 pct membership... Costing 22.5k... please mark them as spam...

[@nerozeroful]

As someone whose been in the credit card game for a while now I can safely say this is one of the best videos out there

[@drraghu84]

Sharan seems to be eager to speak more than the guest. Sharan is not a good listener. It's an insult not to allow the guest to speak out his ideas completely.

[@RajatRangdal]

True that

[@sawanthapa9192]

Or maybe he is able to process the response much faster to come up with the next set of questions. And remember he is in the same financial game

[@RajatRangdal]

@@sawanthapa9192 they have done the exact same session online , multiple times before putting this video out.

[@rameshsharma8087]

Absolutely, he does it every single time

[@estar1277]

I absolutely do not agree. Maybe u guys did not hear it through. His reactions, responses was very much in sync and with understanding in connection the purpose of the interview. 👍

[@AbdulRehman-jn6we]

I don’t think HNIs have time to optimize for reward points. Infact I don’t think HNIs even bother about reward points

[@srimanravikanti]

Spot on !

[@MrUmangj]

HNI’s knows the value of money,so i think they might be using credit card wisely😊

[@AbdulRehman-jn6we]

@@MrUmangj HNIs value their time the most. OfCourse once in a while they do redeem the points. However, they would not spend precious time evaluating, optimizing and moving points from one portal to another just to save few thousands.

[@daniel11111]

Not to put myself out there, I would consider myself HNI and I absolutely try to optimize my spending to get the maximum possible points. I don't have an excel where every single spending is categorized under a credit card, but I try to keep things in my mind to use the right one.

[@AbdulRehman-jn6we]

@@daniel11111 Like anything in life, there will always be exceptions. Anyways if you got time for it, then definitely optimize.

[@manibhsain4525]

I was going to get my first card , watched a lot of videos that guided about the cards, but this is a real genuine piece of advice

[@sivasrinadhu]

Thanks for bringing on board Aly for this show Sharan. He speaks money and the way he behaves shows it by being so polished, decent with an everlasting smile on his face throughout the show. Enrolling for the masterclass to optimise my spending for better rewards/

[@bhootjolokiagaming0005]

51:12 Sharan flex in a smart way by telling his income ❤

[@abdullahmuhammad6559]

I think that in-detail knowledge of such credit card mechanism, rewards and such points, I think would be beneficial in the long run only and for someone who is oriented only towards job and not for someone who is more oriented towards business and investing activities. Who agree??

[@kaushikk44]

Wrong, you can get HDFC Biz Black credit card and use it to pay taxes. The return rate is crazy!!!

[@randomadvicebyraj]

I just turned 18 two months back. Got my first credit card 2 days ago which is the Axis Bank Privilege Credit Card based on FD and now I am ready to build my Credit score.

[@TechzGyan]

Do I have to have a savings account in the same bank in which I am doing fixed deposit for credit card?

[@randomadvicebyraj]

@TechzGyan I have a savings Bank account in Axis bank. I am not really sure whether Axis Bank offers FD based credit cards for non-account holders but there are other banks which offer FD based credit without a bank account in that specific bank like IDFC Bank

[@iam_priyanshu_sharma]

I'm 21 and I have 4 credit cards 😂

[@Tanveer_Singh47]

A humble advice..dont spend too much or take loans in order to get in that green channel CIBIL score .... Middle class ppl always do so... Build Assets as mu h as u can....you are hearing this from a guy who spent a fortune and loaned money just to get good CIBIL... and now my CIBIL IS 830..but i dont have much money to buy the things i love...go for ASSETS , ASSETS ASSETSS

[@drprashantdash]

Hey Aly. Come to Delhi next time with Sharan for a master class in credit cards. Absolutely loved your session and course on credit cards.

[@throwawayname20]

The intro had me hooked! Seems like Sharan is upping his game! ❤

[@manaschhabra4610]

I attended the masterclass and it just changed my spending strategy and mindset for life.

[@sakoonsinghbhatia8111]

what was so special in it , just tell me the points covered ?

[@abhishek8243]

​@@sakoonsinghbhatia8111everything he said in this video and he shared his screen and explained in detail and discussed about few more credit cards which are not covered here

[@sanrock21]

@@stalwarts17 he may be from his side only.. people come here to promote his classes 😄

[@sanrock21]

how much did you pay?

[@pramodn1981]

​ Pay 99 Rs to attend the session

[@hemanthk3568]

20 k salary no credit card and still watching this podcast😢😮😂😂😂

[@varunrajkamble2005]

No credit card, no salary, no job. Still watching 🫠

[@vishalib]

I'm 27, earning over $150k AUD , and I've never had a credit card. I manage to cover my expenses and only buy what I can afford. Temporary lifestyle bragging isn't a priority for me , I'd rather focus on long-term peace and stability.

[@nazimnach]

Bro you can get idfc milanium free card

[@pkbhai-t8k]

I earn zero, still i have 8 credit cards.

[@theindestructible.]

@@vishalib what work ?

[@ramavathmanikanth3367]

I have attened Aly's credit card master class,this was very insightful loved it

[@jallapavan]

He is getting those miles and points from fellows who don't pay their credit card I am someone from USA living with 25 credit cards and saying this with 0 debt and 250k USD in credit card limits. It's a blood sucking game from poor to rich

[@nayanjmehta]

the best ever you tube episode on credit cards I have heard so far..thnx and congratulations to both of you

[@financewithsharan]

Really happy to hear that!

[@shabeebshibu]

Non taxable people you can skip this vedio 😂😂😂

[@ahesanaliasamdi7949]

I am one of them 😂😂😂

[@Icicle-z1g]

😂

[@simranpreetsingh2159]

@@ahesanaliasamdi7949me too

[@HarmonicaShala]

Don't skip. Aspire and slog to become HNI 😅. I mean why not? You can do it !!!

[@Tradewithabhi.07]

Right 👍 👍 ​@@HarmonicaShala

[@justingeorge1876]

performed by professionals, dont try it at home😊, he is a genius,... unique

[@himanshurana6376]

I'm really impressed with Sharan's questions! Exactly he asked the same questions which came to my mind. Awesome and very insightful podcast. Please come with more like these!🙂

[@financewithsharan]

Glad you enjoyed it!

[@miteshvaru934]

@@financewithsharan what to do with old credit card ? And disabling them affect cibil score ??

[@opiumdracula]

​@@miteshvaru934 yes, it doesn't affect credit score

[@kaushik2248prayaga]

The “plus GST” remark was so in the face of our beloved FM!!

[@varrnitjaiswal1484]

I have his first card what he mentioned(Axis select) .As someone who just started earning last year. Listening to this gives me motivation to earn more and do better in life.

[@suriyaj]

This is a good master class. Thank you. You should have him again for a miles masterclass.

[@Subramanyamgupta]

1:17:14 expression of speaker says something wrong in question of Sharan bhai I think editor changed the question (i.e.., forwarded a little instead of holding to same question) but literally this session is awesome I didn't expected this stuff from onepercentclub... reallly hoping for such contents more known that creditcard shares especially from HDFC,AXIS gona create a larger wealth in next 1 decade..

[@jessica7276]

Super engaging podcast. Loved this. This much extensive on credit cards is sure rare. Thanks 🙏🏻

[@Stylvia]

Sharan knows how to nailed it with his query..great respect to ... The more I watch ur podcast the more it enlightens me. Ty.. Keep goin❤

[@sarangsharma5346]

Unbelievable video, what an educational video, it convinces me to use a credit card however i feel you need to be having a lot of money and spending in luxury + flights and hotels which is not my spending pattern as he said fit the credit card to your spending not the other way around 😂

[@Arwindaru]

This don’t make sense Most credit cards don’t give points for rent payment , school fees payment or insurance or tax filing etc So basically they will give points for just basic daily usage and getting a fancy card will simply make us to spend more money on something which we would have not spent on first place. So all these points and all is a scam. Expect for very less people who spend a lot for their travels and etc for them it might be worth for others it’s just a way to go broke.

[@vcchandan]

Hdfc biz black gives u point for all this..

[@shashankpyati6285]

Ever heard of INFINIA buddy???

[@kristenxei]

you’re converting it into amazon vouchers which WILL then get add get added to amazon pay, in return getting points hope that makes sense

[@YOURPOETOFFICIAL]

Amazing insight, thanks for bringing this out

[@timmanagoudad4586]

Wow one of the best I have ever seen in Credit Cards usage, I am from axis bank did not know so much about axis magnum and Axis Atlas Card. Great Session Aly and Sharan, do something on credit card interest rates too ..

[@vinithyelsangiker6951]

After spending thousands of ₹ once i redeemed some rewards point to get 100₹ into account. The credit card company charged 100₹ for rewards redemption fee plus 18% gst. 18₹ loss.

[@arunprassath5]

Its my 1st podcast i saw full length vdo of sharan podcast .thank u much needed info.❤😊

[@Tinu6]

Excellent informative video ❤ thank u.

[@sarangsharma5346]

Very nice guest thank you

[@DipeshLalwani]

Such a big businessman and not having health insurance that too when staying in USA , cant digest it

[@basha123]

I Have a Negative Cibil , still watched the whole podcast and felt shameful on every minute but still loved the whole conversation 😅😂

[@itssanketpanchal]

That AMEX, Amazon Pay hack for so smart! Loved this Podcast 🔥🔥

[@rajkkk]

Amazon pay charges extra atleast for me ? Did you tried that ?

[@DK-ox7ze]

You have to pay additional 2.5% + gst when buying Amazon voucher from Gyftr.

[@pritamshah6699]

Timestamp please?

[@abhimulchandani]

The hack is that instead of recharging amazon pay wallet buy amazon pay gift card and load the balance in your wallet

[@DK-ox7ze]

@@abhimulchandani I think there is a cap to the gift card amount, and it is not much.

[@thisissanjayprajapati]

Thank You So Much for the Wonderful! Knowledge ❤

[@aritramukherjee]

This video ia going to change life of some people 🎉

[@pritu87]

Excellent content! Thanks and need more of these. Would be interested how to convert airmiles to flight points and hotel points in more detail.

[@smithbhati6961]

enjoyed every sec of it ! W podcast !

[@Dabbuluvurikeraavu]

1:07:10 💡one thing I liked in the video

[@DeepeshDeomurari]

Whenever Sharan says crore - his eyes shines and automatically smile comes 🙂

[@dakshkataria4754]

Only take a loan when it is absolutely necessary for your current survival and future growth,that is you should only take Education loan and home loan.(and a loan for your business expansion but only when you really really need it) These companies make these lucrative offers like 6%,10% cashback and this free hotel that free hotel but these are only to make you habitual of taking credit,people don't understand this simple concept that once you get hooked on this cycle of taking loans you never come back out of it.

[@kedarisgreat]

But in order take a loan, you need a good credit score. Credit cards allow you to get a good credit score.

[@dakshkataria4754]

​@@kedarisgreatAsk any of your close relatives or friends who have a good credit score to add you as an Authorised user.

[@dakshkataria4754]

​@@kedarisgreatBy getting added as an Authorised user you will get benefit from their on time payments.

[@kedarisgreat]

@@dakshkataria4754 I did not understand your point. You may have some better insights.

[@Rising.Master]

any idea how sharan changed his color tone?.. he looks so good now

[@sumanroy5558]

Bcz he's a millionaire

[@aswinmohan3601]

He just got richer tats all lol

[@Rising.Master]

you're dumb he did a skincare routine which reduced his melanin

[@SwarnenduAcharjee]

Lights man

[@ali_edittz7]

Great informative and valuable video sharan👌🏻

[@mayurgadhavi1113]

There is more tricky guys who have best in market cards without even earning money 😂

[@Capt.GuruTravel]

Minute 1:07 all listen n hit thanks button 🤩

[@Capt.GuruTravel]

Humility of this podcast Guest 🙏🏻

[@ToshThakkar]

Aly's talks are more about being aspirational and live a luxury life.. need to ask Sharan, how to earn that much so that we can live that kind of life (even with the credit cards) 😅 They talk about salaries ranging 2-3 Lakhs a month like its average salary in India 😂

[@alanjohnfrancis8725]

Is the Amex Platinum travel card right for a young person who'd rather spend on experiences than fancy hotels?

[@93saiprasad]

I paid 299 to get this knowledge form the same duo. Insightful knowledge..!

[@TheLOSTEntertainmentOfficial]

At 22:56 his soul left his body when Sharan said that 2% is nothing :D He changed his whole sentence after that :D

[@achyugonu]

He didn’t talk about the annual fee on these cards. That will reduce the return on these cards particularly amex platinum travel.

[@abraham_george]

Awesome podcast!

[@darthlord369]

Talk about redeeming the right way. -- The very first thing is to earn points by spending. The points to redeem for free international Flight/Hotel Stay (as talked in this show) is earned probably after spending minimum Rs. 1 Lakhs per month with an Indian credit card. ----- Most Indian credit card points have a 2 year Expiration Date. --- I too follow the principal of "TREAT CREDIT CARD AS A DEBIT CARD".

[@ankurbisht1456]

Just an amazing video and learnt alot. Was not using my credit card effectively. Thank you Aly and Sharan for this. Just curious. If the credit card is devalued , will closing it affect cibil score?

[@KamjorPahalwan]

first thing all CC companies should do is make one point = one rupee. would be lot more easier to compare then.

[@eswarankathiravan385]

One very important point is, while using credit card aggregate Transaction of 10,00,000 and abobe crossed during year _ it reported to income tax AIR Report, so be ware of end use purposes

[@Chethangowda10]

👏👏👏👏👌👌👌🔥 Keep the same SIMPLICITY ಷರಣ ಅಣ್ಣ 🎉

[@iyashsanghvi]

Everything is basic. But this can be all the info In one place

[@KayLee20103]

Very insightful podcast

[@rohitbothrra6853]

what a great episode, looking forward to class as well.

[@tsjoshi]

Problem of life-style starts when you start disliking the stay at normal hotels once you are done with all the points after you stayed at such high priced 5-star hotels when you have lot of points.

[@1nxt4u]

True 😂

[@shrewman5361]

The points are never done. If you transfer it during the transfer window that Marriott runs, you get an additional 20-30%. And you are not going to stop spending on essentials.

[@pawnraz]

So what he sayin is spend 50k to buy a Shirt worth 2k to get 5k in reward.

[@marcothephoenix3706]

Well, buy 50k shirts from brands and then get 4-5 shirts free

[@sayanmazumder1914]

It was a lovely podcast ❤.

[@ashutoshsharma328]

The gyftcard amazon hack does not work, atleast not for any of the HDFC cards as they charge 3% + GST

[@rjv_mntn]

Works for AmEx. He was talking specifically about AmEx Gyftr.

[@HemanthKumar-pr4qg]

Still works perfectly for Amex tho. And that's what he claimed

[@akshaydhanuka]

Even with the charge, the reward rate is close to 10%

[@vinaykumar-ev7yp]

@@akshaydhanukaonly for infinia and DCB

[@vishnujasc2966]

I tried with icici credit card it won’t work , they also charge 3% as convenience fee

[@shravanreddyk]

Good to hear. But practically can’t be applicable. People don’t work only on credit cards to get the points, they have their own business. Here, Assume if a common man accumulated the points where they can spend in a luxurious hotel for free. But the person has to spend lot if money other than hotel stay at luxurious hotel. But yeah once in a lifetime one can experience. But if you consider only money point of view definitely not worthy.

[@aadimehta4083]

I’m a Baniya. And from my perspective….whatever you’re spending on your credit card is taxed white money. (You get your salary in your account only after the tax is deducted). So when you spend ALREADY TAXED rupees. You’re just breaking capital. That’s losing 30% on every rupee that you spend coz you’ve paid tax for that xyz amount already. Where you can just pay cash and lose 0% of the taxable rupee there.

[@AnkitG12]

Thank you for the conversation.

[@rajatvyom]

It was a good video but only thing i heard in every statement was buy business class and business class ticket . That not point of spending cards points for . Flight ticket doesnt take care of your visa or food expense . Similarly just living life of rich people doesn’t make you rich . I guess focus should have been on how credit card can help save in daily daily and make more CASHBACK or use on daily need items not on luxury flight or hotel .

[@tecnopath1680]

Point is when u have enough money why do u need credit card credit card is just a infinite loop to dug your own hole in the non completing loan when u pay pay and u cant get out if it

[@upenk91]

Finally A useful video. I am a fan but most of your videos are for HNIs only.. but this one is amazing. THANKS ALOT

[@financewithsharan]

Glad it was helpful!

[@shenzainjayawickrema7014]

All yours video useful​@@financewithsharan

[@beingjaved9588]

One of the most valuable video

[@premshah865]

Watching this video with infinia, magnus, atlas, plat travel, and amex platinum in my wallet. I am proud of my choices in cards 😂

[@manojbabupr]

What are ltf you have

[@padmanabhanranganathan7788]

Very educational video.

[@rajivjampana0310]

Hey Sharan, great insights on credit card. As Aly is an expert in credit cards, can he suggest us which is a great app/ website etc to pay a credit card bill. Where we can get amazing cashbacks or vouchers if any, Thank you.

[@vinithyelsangiker6951]

We are not a H&I, i do not even get rewards points to a min. Level where i get smallest voucher or coupon.

[@beettootv]

Best to understand the HNI category of credit users. Recently SBI charged for an online shopping discount fee that is surprising customers to believe that they literally got scammed by sarkari bank.

[@crumplecash]

SBI bank and SBI cards are different entities. SBI card is a private entity owned by SBI.

[@studioasa6946]

It all sounded really exciting but it seems like we’ll have to hire someone to look after all if this :/

[@debabratdas6132]

Good episode Sharan 👍

[@VaishvikMarathi]

So basically his father lived on loan, got broke ... and now he is suggesting to live on Credit Cards 🙄

[@Rohitchakra1]

Surprised by seeing your conclusion. There are many positives in this video. Not sure how people can only summarise the negatives.

[@VaishvikMarathi]

​@@Rohitchakra1 Dude.... there is no positive for middle class, especially salaried people, credit traps are a harsh reality. The audience watching this is mostly middle class, and advice like this can do more harm than good if not taken carefully. It’s important to be realistic about the potential pitfalls.

[@pranavsingh7404]

@@VaishvikMarathibrother just be disciplined while using your credit card pay on time and don’t spend more than you can afford like it’s free money. If you use it wisely it’s good

[@rishabhranjan4436]

​@@VaishvikMarathi Pls dont mix up.middle class family with Indisciplined or unaware or foolish people. I have been using credit card since 2012 and havent paid 1 rupee to the company but have used many rewards amounting to 50k+

[@VaishvikMarathi]

@@rishabhranjan4436 ok upper class.... credit cards can be beneficial if used with strict discipline, but fact is many middle-class families don’t have the financial cushion to handle even a single misstep. Just because you've managed to play the system doesn't mean it's a safe option for everyone. For most salaried individuals, one missed payment or an unexpected expense can snowball into a cycle of debt. It's not about being foolish-it's about understanding that these financial tools are designed to trap those who can’t keep up with the hidden costs and high interest rates. if everybody keep up then this business will be doomed

[@vinodpethkar]

This was very interesting I will join your course

[@arhanraakesh8052]

There is an annual membership fee also that needs to be paid every year

[@dhawaljain3837]

I am a trader I'll make 20 30% yearly on the capital and then spend on card and get more points 😁

[@grazontv7164]

Even Amazon gives cashback on bill payments often if paid by Amazon balance....👍

[@vishnujasc2966]

But we card use normal credit or rupees credit for Amazon Pay Balance they are charging 3% as convenience fee

[@vaibhavthamman]

Being an employee of the biggest private bank of India. Giving credit cards to HNI customer knowing the benefits of it and still not opting for a single credit card. Because i've seen people not using it properly and get stuck to that point that they are just finding ways to get loans to pay of their debts.

[@mkmobiki8306]

Late payment charges and interest charged will not be applied if u missed it for 2 to 4 days but credit score will not effect until 30 days. They don't reflect immediately, this reflection is a delayed job. There are chances that certain transactions are anonymous and u don't want to pay until it get sorted with bank, credit score update happens after 30 days, check with credit card departments pls.

[@abhaymatela8982]

what a great knowledge man

[@Ajay-Ajk]

I have a doubt, For a newbie, with no credit score, -credit card company not gonna issue their 1st card and all gonna suggest to get an credit Card against FD. So the question is In the market some of the company gives card with 2000rs FD and if we use 30% for better score which is 600rs, Or 2nd example FD of 5k which 30% is 1500 . We spend only 1.5k in a circle,, Will it be as effective as the one who have card of 1L and spend 30k ?

[@hownottobeanengineer3927]

This guy is just kid. I think I should start a masterclass.

[@nshrineel]

Amazing video

[@Yoy7]

Mind blowing ❤ flowing

[@tejaskedia2556]

Sorry but t&c for infinia changed in oct please correct your facts.

[@swayamrout]

Which band you are wearing in right hand ?