3 Things Not to do with Credit Card #LLAShorts 76

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Explained in 1 Minute
3 things not to do with Credit Card
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Telegram: @JoinLLA
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#LLA #CreditCard #LLAShorts 76

[jigaradhiya]

Me watching carefully having no credit card

[xavier]

Me watching ths after withdrawing 5000rs from credit card

[vivekd]

This is what I call Informative Video in short amount of time.

[ast_nsh]

Partially wrong information. If credit card's 100% limit is used but payed before bill generationn date it won't be counted as 100% credit utilization. Credit utilization is counted after the generation of bill statement.

Example: Total Limit 1 Lakh, Total Spend 70K, Early Pay 50K. Now bill generated with due amount 20K so the credit utilazation will be counted as 20% only. This will be reported to credit bureau. So its okay to use maximum limit only if you can pay early atleast 70% of the amount.

[foodieforlife]

U missed the most imp point… never use your credit card at any currency exchange for any transactions. If you do, it is considered same as cash withdrawals

[bholurdp]

Using credit card since 1 year and already following it strictly
Suggestion for point 1: pay 40-15=25k before reporting date. Enjoy 30% ratio 🙂

[KeesariVigneshwarReddy]

Number 4 Never pay the minimum amount due or outstanding with some other credit card

[balramsharma]

Bhai jindgi pahle itni complicate he ise credit card leke or muskil na bnao Khao piyo mje me rho 😀😀itni tention kon palega 👊👊👊

[samaritan]

Number 4: never buy gold from credit card....EMI nhi banti

[rishpalbajwa]

Logically where value of paper money becomes zero, credit card value starts.
Even kohinoor diamond value is zero in front of piece of bread.

[Daredevil]

I learnt new thing today from your shorts it was the 1st point about CIBIL. Thank you LLA! 🙏🏻🇮🇳

[Siddddd]

Recently got my first credit card, will keep this in mind, thanks!

[shreekant_nagre]

I just closed all my credit cards, there is no secure way of using credit cards 😁. If you don't have money in your account why are you spending 😂

[anondodasgupta]

This time it's a nice video on credit cards. However, a small correction in point no.3. If you pay the minimum amount only, you will be charged on the interest on the entire amount and not the balance amount.

[bodhisattvaaaaaa]

Sabse achha ye hai ki, , credit card hee mat Lena.. chahe bank waaley miss world ko hii sales girl bana de🤘😁

[androidtv]

I've been utilizing more than 30%, but my credit score never dipped 🤔 I have a credit score of 818-850...

[AnmolSingh-pxyt]

To withdraw the cash from credit card, you can do a little trick you can recharge your prepaid card with your credit card and withdraw from that card

[rajatverma]

I watch this video just after withdrawing cash from my CC. I waited for my CC statement and hell thank you to labor law advisor for warning which pushed me to check my statement details, just to find out that I paid 12.5% Interest on that cash withdrawal of ₹4000.

Yes you read that right. CC charges 2.5% Interest or 500 whichever is higher. Read that clearly, if you withdraw 20k cash they will charge ₹500 which is 2.5% Interest. But if you withdraw below 20k. The interest rates increases massively - if you spend ₹4000 so 2.5% would be ₹100 but you will be charge ₹500 which is 12.5% interest because rule says CC charges 2.5% Interest or 500 whichever is higher on cash withdraw.

I request labor law advisor to make a short video on this. To make people understand the magical calculation. I pledge not to withdraw a single penny in form of cash using CC.

[narendrarajpurohit]

Most important tip - never ever buy credit card 😂

[blackhorse]

Is limit for individual cards counted or as a whole in case of multiple cards?