Why Credit Cards are getting Devalued? | Economics of Credit Cards

In the last two years, almost all banks have considerably devalued their credit cards. In this video we do an in-depth analysis of the business of credit cards and why credit card benefits are getting devalued.

[@jaythakkar5909]

Let us take a moment to acknowledge that the moment TnC change for a credit card, the older videos of these creators become irrelevant and they immediately take an effort to update us. They care enough for their viewers and simplify paragraphs of TnC in just minutes. Much respect !

[@mahipdeva3543]

Indeed - voering a market like India - with multiple banks and every single variant being updated for us, this is really appreciable!

[@avinashcharlesluke6558]

Really appreciable!

[@sanjeevsaxena4565]

Video starts at 6:16

[@ChinmayMokal]

Thank you for the valuable information. We'll be thinking twice before applying for New CC in terms of Benefits.

[@manikanand7068]

DD aapne full details with hidden terms and conditions aapne itna easily detailed review kr diya isiliye banks ne cards ko devalue kr diya hai on the other hand card toh le lete toh uss k baare mai koi details review nhi milte thay isiliye aapke videos ne bohot help kri hai sbb ki ❤❤❤❤

[@H-sage949]

this is only coz of offering cards to everyone who isn't worthy of it. especially axis, premium cards are offered to anyone. ridiculous

[@CardAcademy]

To an extent correct in case of Axis

[@JigarBaua]

Imo … Anyone who can repay the outstanding amount on time is worthy to hold a cc

[@kishorekrishnan2268]

Jeh badiya tha golu....

[@nimishthacker875]

What is your definition of worth ? You’re probably right in the sense that everyone is getting a credit card and it’s benefits, but the way you expressed it, is very prejudiced.

[@sauravbasu6537]

Magnus died not because of its to good to be true rewards but because although being a super premium card its entry barrier is low

[@avinashcharlesluke6558]

Highly informative!

[@ricky23boy]

Very clear and precise analysis

[@DrSantoshRaut]

Yes, but now a days i see one major difference, i.e. airport lounges are not over crowded, no waiting and seats are easily available...

[@CardAcademy]

Because of spends required for lounge access on many cards.

[@DrSantoshRaut]

@@CardAcademy right ✅️

[@mahipdeva3543]

Hoping Lounges re-attain their value!

[@amitabhmaheshwari]

Because every tom, dick and harry is not getting free lounge access any more. Lounges must be provided free only to high spenders and those flying in business or first class.

[@swsissri]

Very nicely expalined...Very good and useful video

[@amitabhmaheshwari]

1. More people are getting credit cards 2. People are spending more for rewards, even if it means charging business expenses on personal cards or spending for others. 3. The percentage of people revolving credit has become lower leading to loss for banks 4. People have started taking cards just for lounge and movie benefits, even when they don’t intend to spend anything on the card. In such cases, any perk to the customer is a dead loss for the bank. These are some of the major reasons for devaluation

[@CardAcademy]

Yes. Agree with all

[@sukhvindersingh9038]

Excellent in depth analysis😊

[@anishv4731]

well done because mostly due to overcrowding on lounges....Now Cap limit will decline crowd🙏🙏 premium Credit cards to be given for those who has cibil score of 835+ of 900

[@vaibhavsingh8122]

835+ cibil !!?? I am using credit card and loans very diligently from the time i got the first credit which was around 6 years ago, never missed a payment 100% payment on time record, till date. Never gone above 30% of credit limit, Never applied for any type of credit more than 1 time in a year, everything in my credit report is perfect from 6 years and still my cibil score is stuck at 782 from around a year. All of other credit score has gone up, my experian score is 884/900, equifax, crif every score is above 800 except cibil. My cibil score is like -1 in a month then +1 another month, then again -1, +1 from a year. Every credit reports says excellent and every credit report predicts increase of +10 points, but a kind resistence have built up in my cibil score at 782 now

[@abhijeetporwal1049]

Thank you highly informative

[@vrushabhmore9398]

thanks very informative

[@Ravicgsce]

Valuable information 🎉

[@SMaRtySaPPy]

Now a days banks giving credit cards to anyone and even to people who don't care about their cibil...there are 4 to 5 people in my Family nd Frnds who have use their total limit of 80k to 1 lakh or more from last 1 years and some from even more then 3 years and haven't paid single rupee to bank even after a lot of call from bank....so giving credit card to anyone doesn't make any sense and due to which i think bank started taking measures on some offers and rewards.

[@soumadeepdutta3677]

Also many people are abusing credit card usage by using loopholes and making them public to everyone. Some people are also abusing the personal credit card offers in business uses further forcing the credit card companies to take stringent devaluation moves.

[@CardAcademy]

This is also true.

[@mohdanassheikh2096]

It is meant to be

[@sauravbasu6537]

Have to understand the percentage of people doing these are very very low each bank has a expense fund allocation for card offers and rewards if its a very small percentage of that they dont mind they will just tweak some benefits to remove these scums and carry on business

[@loveubharat66]

Axis vistara signature and infinite in this card u can't get upgraded voucher know

[@priyanshujha502]

Great video

[@TechTrickIndia]

Jyada credit card user ho chuke hain, esliye bank/company afford nahi kar pa rhi

[@sachins260]

Amazing video

[@Gopal_Vyas]

Why ads are disable on ur channel ?

[@natun_surjo]

খুব সুন্দর ভাবে বোঝান। প্রশংসার যোগ্য 👌

[@brajeshbairagi6589]

Very helpful

[@swastikniharmohanty1179]

More people are availing credit cards ,taking flights and using lounges

[@CardAcademy]

True. We have mentioned this

[@BarujjeCo]

People pay cc bills on time. They use cc for offer and discounts. Banks are not gaining

[@finishthegameyt3057]

Abhi credit card band kar deta hun tension hi khatam 💀

[@whyzi6143]

Sahi mein bhai. Online offers bhi to mil hi jaate hein lage lage mein

[@MrBlackjack456]

Considering the devaluation of credit card rewards and benefits, how can consumers maximize their returns from credit card usage without being negatively impacted by these changes? Are there any specific strategies or cards you would recommend? You mentioned that banks are exploring new revenue sources to maintain or improve their margins. Can you elaborate on how these new revenue sources, such as DCM markup, rent transaction fees, and utility bill charges, might affect the average credit card user in terms of costs and potential benefits?

[@shreyanssinghi470]

But credit card usage for CIBIL is still a beenfit for your future emi and loan requirements

[@CardAcademy]

True

[@mdzubair1578]

Make a video on how to increase HDFC Bank credit card limit I have HDFC credit card since 2022 i didn't receive any limit enhancement since 2 years

[@sidgupta1957]

Hey. Can you let me know how do we approach the bank for an infinia card? We have a hdfc imperia account( family banking). Our total relation value is close to 1 crore. My father’s company delays salary payment sometimes(now all paid) . The closest bank branch team says that they would not be able to approve infinia because of this reason. Is there any other way to approach the bank? Also my itr is 27 lakh and my wife’s is 36 lakh. Would it be better to give our itr?

[@architsrivastava7217]

Nahi milega

[@amitabhmaheshwari]

Got to know that yes bank has tweaked the rule for imposing 1 pc surcharge on utility bill payments. Upto utility payments of ₹ 15,000 in a month, this charge will not be applicable.

[@CardAcademy]

Yes. Still better. A lot of cardholders would not have to pay this surcharge.

[@raiaditya7518]

09:30 what the term revolver and revolving means ? can anybody explain it ? Thanks in Advance !

[@CardAcademy]

Revolver means who doesn't pay the bill in full.

[@akashtopder7251]

Awareness and Knowledge is the reason for CC devaluations. Because of the cheap internet more and more people know that you should always pay your bills full before the due date and also they are using the benefits more because of it. Greed is another big reason for devaluation. Greedy people are minting the rewards by cycling money.

[@saitejabadri001]

I have infinia and seeing some one or two infinia holders regulary when i am in bangalore airport dono how many infinias issued

[@amitabhmaheshwari]

You are one of them too. It is like being part of a crowd somewhere and then complaining that there is so much crowd !

[@sauravbasu6537]

Infinia is still an exclusive card. Axis killed magnus by providing that card to anyone even street side shop people have that card

[@Lamp141]

Most of the banks don't have enough manpower and other developed system for recovery department to recover financial charges from such massively approved credit card holders. Credit card holders are more Vs poor recovery.

[@parth0385]

After all these devaluation. Which is the best card for Government Transactions apart from Vistara Cards

[@sauravbasu6537]

Hdfc bizblack

[@adityajain3430]

My only question is banks can devalue their cards at any point of time but if we cancel the card due to the same we do not get refund of annual fees for the remaining period. If u sell a product by highlighting some features and later remove it isn’t that technically a scam and consumers shall be entitled to a refund for remaining period ..

[@pandu6082]

Yes it is indeed a scam but that's how the system works. Jio is also doing the same

[@theismaili.]

Hello, my credit score is 735, for which card should I apply?

[@shwetankcod6209]

@cardacademy we're waiting for card portfolio video for travel

[@intal1000]

Utilities segment ka use krke aapki team ne kai crores bna liye honge .... Bs isi ki vjh se devaluation ho rhe h

[@k0u0s0h0a0g0r0a0]

Which card offer credit at 20-22% per annum. The minimum I have seen is 29.8%

[@CardAcademy]

No no. This the average banks earn as interest from credit cards. It's average of interest on revolving credit and interest on EMIs.

[@vijendrasharma5023]

Idfc bank charges lowest interest on credit card as of now. I have 12% per annum rate on my idfc credit card.

[@harshshah1689]

Which credit card is best for income tax and gst payment madam. Please reply.

[@insaafkaro009]

Use card above 10-12 lkhs all cards are best for income tax and gst. Don't wrry you are in line

[@i_mr_mani]

@@insaafkaro009😂😂😂😂😂

[@sauravbasu6537]

Hdfc bizblack

[@siddharth0401]

Lounge visit kahan milega

[@kirubakaran9736]

Hope they don’t devalue sbi cashback card, I made 1000rs within 1 month of receiving this card!

[@pandu6082]

What are the benefits? How much did you spend to get 1000 please explain about that card

[@CardAcademy]

SBI cashback card review: kzbin.info/www/bejne/aJKsYn9tbaibjpI

[@CardAcademy]

We also hope they don't devalue SBI cashback card.

[@kirubakaran9736]

@@pandu6082 20k, on Amazon, Swiggy, Zomato, blinkit and ikea online!

[@mitbhandari6580]

rupay credit card khaa jayega ye visa or master card ko

[@techypuppy95]

Credit Card issue karte waqt 1 baat, dheere dheere devaluation karte hai ye credit card, kya ye legal hai, ya hum log complaint registered kar sakte hai RBI me

[@amitabhmaheshwari]

Banks can change the terms anytime. But if it is a paid card, the opportunity to cancel the card and get back the proportionate fee should be with the customer.

[@techypuppy95]

@@amitabhmaheshwari ok bro, thank you for your knowledge. Appreciated 🤘

[@roshanyadav177]

Is she the sister of that girl in Bekifayiti ???? Utube channel .. plz ans if someone knows

[@mohdanassheikh2096]

Naa rey

[@wipeout8172]

Video starts at 3:37, thank me later

[@SumitKumar-hz1sm]

This is because of Rupay credit cards... Master and visa are loosing their popularity and even government is promoting Rupay credit cards.

[@TechTrickIndia]

Misuse hone ki wajah se bhi ho rha hai

[@prashantchaudhary6653]

Is ICICI Sapphiro CC devalued ?

[@amitabhmaheshwari]

Yes, lounge access is spend based

[@anishv4731]

yes it has updated

[@Skmhubham]

1000th view 😁

[@pandit7181]

Wah Kya Baat Hai. Mubarak Ho: Award Milayga Ap Ko.

[@Jayjagannath582]

Love from odisha❤ jay jagannath❤

[@prachirgoel604]

I went through the video and did not find anything useful.

[@user-we9de8xk5e]

bahut pyari ho aap or bahut achi tarha se samjhati ho

[@abhineet3695]

devalue kar rahe hain to interest should also be lowered to around 1% per month including GST

[@amitabhmaheshwari]

Wo to kabhi nahin hoga. Go for personal loams instead of revolving credit on cards. Or best, make the full payment on time and spend within your means

[@abhineet3695]

@@amitabhmaheshwari paying on time and spending within your means me bhi reward chahiye for maintaining the damn card. Otherwise I and others will cancel the card.

[@prashantpasnur]

As I already said CREDIT CARD market will crash soon just because of over devaluation.

[@amitabhmaheshwari]

On the contrary, the market will be saved because of devaluation. The benefits earlier provided were unsustainable. CC market would definitely crash without devaluation. If CC market crashes it will be because fewer people are revolving credit, not because of devaluation

[@abhineet3695]

@@amitabhmaheshwari people will stop using it if they don't get rewarded. people will switch to UPI only.

[@U_Cnt_C_Me]

❤❤❤❤❤❤❤

[@sachin2842]

cancel ❌ CC to teach 🏦 Banks

[@HckerBrothers]

Apna Name to Bata dijiye Kam se Km

[@rupankarkarmakar9075]

Axis Bank ka credit card tooh raddi banchuka 😂,

[@aamirsuhail2024]

80% log isko cash krate hai

[@jawaharlalbag667]

😅😅😅

[@krushnanagargoje8285]

I like You❤

[@pranjalahluwalia9115]

Please take of your health 🎉

[@techdeepu5139]

Please learn Telugu also Ji ❤

[@irfans_expression]

Your name miss .....😊

[@cirinium]

simp spotted

[@pandit7181]

Cash back miltay thay: 😂😂 Maam Milta tha: thay nahi. Video Aur Tu Bohat Acha Hai.

[@CardAcademy]

Haha

[@ek_virus]

This phase of 20-23 will never come back in CC market. This is golden period of CC users.... Future generation will see and feel jealous.

[@CardAcademy]

Yes. This may be the case.

[@sauravbasu6537]

Magnus brought an unbelievable phase of rewards in indian cc market never seen before. This will never be matched and will never come back

[@bollywoodcreation319]

Kya maap ho yaar tum❤❤