Get my new book ‘GET EPIC SHIT DONE’ here: ankurwarikoo.com/getepicshitdone Order my first book ‘Do Epic Shit’: ankurwarikoo.com/doepicshit My Money Apps Zerodha (for investing in Indian stocks): bit.ly/3iYKROh INDMoney (for US Stock investing): bit.ly/37M1rik (use my code AWG to get free google stock) Smallcase All Weather Investing: bit.ly/3u0is0I Smallcase Capitalmind Momentum: bit.ly/3j0oBnn Smallcase Weekend Investing: bit.ly/3KEYCxW WazirX (for Crypto): bit.ly/3O4KC2F Wint (for corporate bonds): bit.ly/3sbUI8c Get insurance advice from Ditto: bit.ly/3xFh7OU My gear for shooting this video: 🎥 Sony a7III camera: bit.ly/3M42wAV 🎬 Sony FE 24-70 f2.8 Lens: bit.ly/3KCCiF0 🎙 Shure SM7B Microphone: bit.ly/3O1NAVA 🔆 Fill Light 60W: bit.ly/37aJolP 💡 Key Light 150W: bit.ly/3O9nyjs 📽 Benro IT15 Tripod for Sony a7III camera: bit.ly/3O4PvJ1 Useful links: 20 books for your 20s: bit.ly/WarikooBooks 20 online courses for your 20s: bit.ly/WarikooOnlineCourses Gadgets that I use: bit.ly/WarikooGadgets

@NikhilChhatrapatiPatil

Жыл бұрын

What to do if my actual credit limit is 3.9 lakh but on the CIBIL site it is showing 1.65 lakh. Due to which my credit card utilisation is always showing above the 40%

@DisasterRude

Жыл бұрын

Sir what is your credit score?

@NikhilChhatrapatiPatil

Жыл бұрын

@Warikoo ㊉①④⑦⑨④④⓪⑥⑦⑧⑤ stop fool people. You are not real warikoo

@matkachowk

Жыл бұрын

Sir, Can you please share some content on silver buying guide and its effects?? Just like the one you did for gold buying guide digitally??

@souvikmondal623

Жыл бұрын

Ankur bhaiya, i have a question .... i am student age 23, i have total 8 credit card now. My yearly income less than 1 lakh .... but my yearly credit utilisation is 11 lakh. but i pay total amount the due. for earn the cash back i used the credit card for purchasing many thing as well as friends things also. my question is, is there any taxes for utilisation for credit card????? i am worry just bcecz my income 1 lakh but i spend 11 lakh . Reply zarooor dena bhaiya

I'm 22 now and a working professional and have been using credit card for past 2 years and it has changed my life. The best thing credit card taught me is how to manage money and that will last with me forever.

@siddhardha_meduri

10 ай бұрын

I've been using SBI CASHBACK CREDIT CARD. Please suggest credit card you use

@reonsylvester719

9 ай бұрын

Same here. I use ICICI Bank Amazon pay card. And It's been useful to me. Lots of benifits Id used wisely.

@preetomdas3886

9 ай бұрын

Abhishek ji..please tell which card are you using??

@amanac7305

9 ай бұрын

​@@preetomdas388618 ke age me fd based credit card hi milta hai then use use karne ke baad cibil score banne ke baad bank khud offer karti hai unsecured credit card ya ap khud se apply kar sakte hai 🔥

@chinmaykale2717

7 ай бұрын

Kaise Mila aapko sir cashback credit card​@@siddhardha_meduri

One important disadvantage you missed- The Annual Fee. Most good rewards based cards have an annual fee and it is waived off only after spends of a certain amount. If you have too many cards, you may not be able to reach that spends mark and would end up having to pay the Annual Fee.

@84dhanreddy

Жыл бұрын

It’s not that difficult. Just pay your bills with the card and pay back the full amount.

@curiousindian2712

Жыл бұрын

@@84dhanreddy lol. U may be talking about convenience here but I am referring to the added expense.

@videoanalyst4u

Жыл бұрын

Yep. Credit not utilized to breakeven the annual fee is still a hidden cost of credit card

@shivaniad

Жыл бұрын

Anybody with common sense knows that 90 % of credit cards come with an annual fee 🤷🏻‍♀️

@budbakkjee

Жыл бұрын

I had more than 7 cards at a time. While giving cards the companies say lifetime free, but after a few years they’d bind yearly maintenance fee. I kept closing those cards. Now I have 5 CCs without any yearly liability, combined spend limit over 18 laks and 6 quarterly loung accesses 😂 The key is timely payment and keeping low spend percentage. Apparently, premium companies would offer you their card one day.

I am using 9 Credit Cards from different banks , paying all bills on time and enjoying credit limit and rewards

@manvendrasingh1834

4 ай бұрын

any effect on cibil score

If you have good financial discipline and pay in full without fail then good to have separate cards for 1. Travel (Co-brand or Amex) 2. Dining and Shopping 3. Fuel (Surcharge waive off, 4-7% cashback) 4. Any card from Rupay (lesson learned after Russia war and blocking by Visa and MasterCard)

@ajinkyanarke

11 ай бұрын

can u suggest some for above type?

@ravindersinghrathore1290

11 ай бұрын

​@@ajinkyanarkeamex are best for traveling but you can also have hdfc regalia gold or axis vistara card for traveling

@ravindersinghrathore1290

11 ай бұрын

​@@ajinkyanarkefor dining and shopping you can use hdfc milienia card which is best for shopping and rewards point values

@ravindersinghrathore1290

11 ай бұрын

​@@ajinkyanarkefor fuel spend i use icici amazon pay card coz it weavers all the surcharge on fuel transaction or you can use hdfc indian oild card or bpcl sbi card

@sudhitpanchal4996

2 ай бұрын

4-7% for fuel can you tell me one credit card that gives 7%?

I have 5 credit cards and planning it cut it down to 2. Easy credit is a trap.

I've 18 credit cards under my name over past 7 years. Never missed a payment , never paid minimum due , but still I think I've collected too much. I'm keeping them stacked in my locker as most of them are life time free. Only 2-3 cards are on regular usage.

@asifahmed6568

Жыл бұрын

Aren't there any charges applied on those which you aren't using

@viperyogesh7634

Жыл бұрын

​@@asifahmed6568thats life time free bro no charges

@Shaikh-rf1ed

Ай бұрын

Please recommend some lifetime free credit cards

I love how you start the video with the juicy bits right away now! No intros/prologues

Great video! These are such basic concepts regarding credit cards, but most people are oblivious about them. I have 17 credit cards and have managed to use them efficiently for almost a decade now. Discipline is imperative.

@gamingwithjonty

11 ай бұрын

Bro 17???

@madamsahab9808

4 ай бұрын

@@gamingwithjontylol

@Shaikh-rf1ed

Ай бұрын

Please recommend some lifetime free credit cards

Thanks for sharing awesome tips! I'm financially free and currently growing a solid retirement plan. It takes a positive and consistency to learn new things, unlearn the old habits is important to get a mentor/coach to lead you all the way. It's great to start young too!!

@griffinkyler3037

Жыл бұрын

I’m new to trading, whats the best way to know a professional trader as a beginner

@felixholden5200

Жыл бұрын

Hi I'm 43 working on my retirement fund too. What do you think is the best target for retirement?

@tiaratate9225

Жыл бұрын

A lot of people find having a coach/ financial advisor a luxury

@mitchellbryant9390

Жыл бұрын

personally i think 1m is the goal to overcome inflation and having them in an investment portfolio is a perfect plan. I'm half way to my goal

@gregorymall9281

Жыл бұрын

Personally I’ve got someone who makes me cool cash trading on little commission

Another big disadvantage of owning multiple credit cards is that your credit report shows multiple credit accounts open on your name and your profile may appear a bit risky to lenders when you apply for other loans such as home loan, personal loan or car loan. There are benefits as well as drawbacks to owning multiple CC so it's best to choose wisely based on your real needs.

@ashishmangtani41

Жыл бұрын

that is't the case if you are paying ur bills on time

@silent7152

Жыл бұрын

Actually it's the opposite... Short term it will hurt credit score but long term it will be better for credit score

I got 10% instant discount when I bought a fridge along with 50% interest as cashback from merchant. EMI i selected was 3months to avoid every month additional hidden charges. If I paid full, I would have got just 2% back or in cash, no discount at all. Credit cards have huge power of discounting your purchases and it is awesome product to have with you.

You are awesome sir.. the way you explain things is just next level.. ❤ I'm 24 working in HDFC Bank.. I'm very sorted and smart enough to understand how much i have to spend and manage expenses.. and I like to have credit cards so thats why I'm having almost every bank credit card which is in the market 😅 i have almost 13 credit cards of different banks and now using all of them to make money from money 💸

@mohammedabrar183

10 ай бұрын

Can you suggest some of the best credit cards, you are using. Also name which credit cards you are using. 13 credit cards.

@recklesspotato212

9 ай бұрын

​@@mohammedabrar183if you have no idea about how credit and interest works do not fall for this trap, it is only for the highly knowledgeable person who works in banking industry or at least have some sort of knowledge about these stuff

@ericb9815

5 ай бұрын

How long should one wait before applying for a 2nd credit card?

I have 4 credit cards & maintaining cibil score also ✨✨✨✨

Hello Ankur, thanks for the video. However, if we have multiple cards, we don't have to split among different cards to lower the Credit utilization ratio IE: if we have 2 different cards with a limit of 1L each, and if we end up spending 90K on one card, the credit utilization ratio will be 45% regardless if we split the spending. (Based on my credit report, please correct me if I am wrong) That being said there are other reasons to split spending on different cards as you have mentioned in the video :)

I had a bad experience of that minimum due trap and it was a night mare and than I have learned how to use credit card. Now I have 8 credit cards and it's good if you know how to use them wisely.

One of the problem with Multiple Credit Cards is utilising the minimum annual spend to wave off the annual fees. How to solve this issue?

@shubhamagnihotri2833

Жыл бұрын

How many Cards do u have🤔

@ameykulkarni8946

Жыл бұрын

There's no solution for this. Only fix is get a lifetime free credit cards which banks offer by themselves. We cannot apply for it. They offer it to very selective customers based on account history, transactions, and many other factors.

1 more thing I guess may not be available in India but available in West is there is something called “Balance transfer at 1%” for 6 months which is run by some top banks in America/Canada. The credit card holder can just withdraw or write a cheque or etransfer that money to himself/herself and just pay 1% of balance fee for 6 months. If market or returns are higher than 1% than that I believe is a big advantage most North Americans never take advantage of.

@shivaniad

Жыл бұрын

Its there in sbi credit card

I have 4 CCs too. Somehow i manage to spend enough that my membership fee gets waived off, but I don't use much and my credit utilisation is pretty low. That hurts my cibil score too.

Presently having 10 credit cards and using them frequently and efficiency. Cred is helping a lot to manage them. Thank you for your knowledge

Thank you for this Video. Loved it. It was like, a father figure is giving me advice on handling money. Thank you once again 😊

Thank God...every negative points not experienced ever. I use 7 credit cards and when it comes to physical card, i keep all my cards on Samsung pay and physical cards at home so no fear of loosing them😁

The best way to keep multiple credit cards is to keep them in auto debit format, that way your payments are disciplined!

IDFC offering credit cards with annualised interest as low as 9% based on individual profile. Not sure if all companies do such a low rate

I am so blessed that my father know all these informations, and he taught me all this at my age of 18 and I started managing my fianance and credit by my own. Thanks Dad.

@philipabel6239

Жыл бұрын

Thanks for your comment ❤️, DM me on whatsapp for direct guidance.

@F16Raashah

Жыл бұрын

Lucky you

I am going through a debt atm, it will take me 2 years to get out but this was a lesson taught to me by the banks and their credit cards. The harassment was something else, calling me fraud because I missed payment on some of the credit lines while making payments to more important one btw to the same bank. I will remember all that has happened for the rest of my life. One of the positives I can t think of is the timing, I can pay this off later in life it would have been hard being single I can save alot. Bad thing is now that I don't have excess funds opportunities are popping up, I was offered pand for cheap but had to decline.

Hi Ankur sir, Big fan of your work. I am not able to control my expenses, and do know how where and when to invest. Please guid me how can I follow you? I had done job for more then 14 years but stil i do not have any saving always rely on salary. Kindly suggest how can I start planning my savings and how to invest so that I can take care of my family needs.

10:45 As a suggestion I would like give a solution to this problem as you can easily save all your credit card details in gpay or phone pe or samsung pay and pay all your bills at any merchants through NFC by your wifi enabled cc... Hence evading the burden of carrying your credit card... even today NFC being a decade old technology is very much underrated and still unknown to majority of users. A very convenient and secure method of cc payment. once you get into habit you'll never ever carry your cards again...Believe me

Got to your video randomly in recommendation I must say I really like the way you explain and give examples And your aura is very good and keeps people connected 🙂 And, great video cleared a lot of doubts Thank you 👍🏻

multiple credit cards means you have huge credit power .if you use wisely, there will be no month end finance pressure on you

I am student no income proof still having axis 4.5 lakh limit , hdfc 50k 🙂

@user-qy8le6hs9f

8 ай бұрын

How bro?

Another disadvantage of having multiple credit cards is we have to pay annual fees for some premium credit cards, so it's better to accumulate some zero annual fees credit cards like amazon icici card , etc and then go for other credit cards.

I have 2 questions and I would appreciate if someone or Ankur can answer them: 1. If I have multiple credit cards, is my credit utilisation seen per credit card or total expenses/total limit? 2. Banks allow to keep the limit lower than prescribed. Does it affect the credit utilisation or not? I keep 20% of maximum allowed limit and this time I have utilised 90% of this limit. Will it be 18% credit utilisation or 90% utilisation?

@myytexp7493

Жыл бұрын

just my thoughts... 1. For the first one - contratary to what Ankur mentioned I think total limit is what it's based on across all credit cards. That's how I have understood it from long time. I may be wrong and may align to what Ankur is claiming (To be checked!) 2. I think it will be 18% as that's what you have prescribed to - Here you have the control to change it on the spend manager tool of the bank

@gautamchauhan5925

Жыл бұрын

I want to answer both of your questions but I didn't understand what you are asking in 2 1. If you have multiple cards your utilisation seen per card as discussed in video. If you have multiple cards then don't use more than 80-90% of limit but if you use more than that you CIBIL will be affected for 2/3 months only.

@glassofwine

Жыл бұрын

18%

1. Never spent more than your Bank balance. 2. Payback within 3 days(if possible within same day) completely(no minimum amount BS).

One thing you completely skip that is 18% GST on top of the interst, it is absolutely rip off.

I am new to your channel, and seriously get bunch of knowledge in a single video, keep it up sir.

@priyanksirohi8286

Жыл бұрын

@TEL.ËGRAM me 👉👉warikoo41 great sir

This video came at the same time i was searching for this. What a coincidence. Thanks a lot for posting this amazing video 🙂.

Sir, if someday you open a commerce school I'll definitely take admission coz I am just 19.

Sir I appreciate ki Aaj aapne Mr. Whosetheboss ki tarah straight to the point video shuru kiya har baar ki tarah backstory ka rona dhona nahi kiya

How do you make transactions to fd or any mutual fund as you mentioned from your credit card? As per my knowledge, we can make purchases from our accounts only using debit, UPI or internet banking. And if you transact money to your saving account from your credit card then you have to pay a certain amount of money as transaction charges.

How does credit score get impacted by getting new multiple credit cards?

Very informative video... I already use all mentioned points and enable my friends about it ... Specially "credit card as Debit card" one

I have 6 credit Cards😂😂 2 sbi card 1 hdfc card 1 Amazon pay ICICI card 1 one card 1 kotak card

Cred is very beneficial for all of us. Good information sir 👍💥

I have 3 credit cards and I have earned ₹41000 from Amazon pay icici card within 1.5 years

Thanks for the video sir... But i have 2 questions 1. What should be an entry level credit card 2. Which is better... A cashback card or point card Please help

How to understand which credit cards will be good for yourself?

Nice observation... Few of following. Few needed to be. Thank you and team.

My credit score is 750+. Can you please tell me by around how much can my credit score reduce if I apply for 5-6 new credit cards within a month??

@Cricket247N

9 күн бұрын

50 to 80 negative

I m having 3 credit card with cibil score 899/900 . SBI click is good for online shopping. Amazon pay IS also good.

Actually I was waiting for such video from your channel

Sir Your Information is really Productive. I learn so much from your Vedio 👍

Explained in crystal clear. Using credit card effectively and efficiently is not a rocket science

Another big mistake people make is to withdraw cash using credit cards ..which is a hazardous thing to do actually..

We can’t make money by investing debt fund as we cannot buy mutual via credit card if we withdraw money it cost 3-5% of Total amount which be will far more than we make

People actully don't know that the person who invented credit card, he got to one resturent with his wife, and forgot to bring wallet, after that he had to face embarrassing situation, so he invented credit card so that it can be carried everywhere , if you don't have money right now you can use credit card. So the rule is use it as a debit card or emi , don't spend more then you can't afford to pay

I don't have job. But i managed to get 5 different credit cards from different banks.

FYI you can not purchase MF or Stocks using credit card.

Sir I used cc,amazon pay later,Paytm postpaid and Flipkart pay later

I love the way you explain , I have seen your many videos after listening you I have opened account in zeroda also ,1 year ago.

I Have 3 1. HDFC Millennia 2.ICICI Coral 3. Amazon Pay ICICI All Three Are LTF

@santosharbune4336

Жыл бұрын

I have 7 1. HDFC Millennia 2. ICICI Amazon 3. ICICI platinum 4. AXIS IOCL 5. AXIS FLIPKART 6. CITY 7. SBI simple

@AR-82

Жыл бұрын

How did u get HDFC Millenia for free?

@sachinkumarnayi

Жыл бұрын

hello buddy icici coral is lifetime free ???

@adityabenwalca

Жыл бұрын

I have six HDFC Regalia IDFC select Yes Premia BOB ICAI ICICI amazon pay SBI Cashback Except SBI, all are LTF. SBI is also free for first year.

@SanJanJayadevan

Жыл бұрын

@@sachinkumarnayi Got It On Pre-approved Offer. No Conditions Applied

I loved you video. Thank you for making this video and your point are absolutely correct l.

Jabardast Ankur ji. THank you very much.

Exactly how i am using. Thanks🙏

What I’m surprised about is that he has his account in HDFC and yet he does not own an HDFC CARD

Really a good explanation sir really loves the topic you covered it helps alot

Cred's rent payment charges are average but rent charge also deduct from credit card and cred app, got dual charges

I have 12 nos..... Always profitable, total credit limit above 10 lakhs

Quick Question-What if I spend 90000 from my card with a limit of 1L. And then immediately pay it before the bill generation/Immediately after doing the transaction. Will it effect my CIBIL in a negative way?

@AjayGahlan

Жыл бұрын

No if ue bill not generate and u pay all than no negative effect in ur cibil.bcz i also do this..

@adityatomar3784

5 ай бұрын

No

HI, I already have 3 cards and planning for 4th. can you guide me when to apply. I want bill date on 7th of month. please guide when to apply or book. Thankyou

I put only one card means jiska bill abhi latest tha.। Hope aap samajh gaye honge. One card two/three days only. Except some offer case.

Hi Ankur sir, I am just about to finish my college degree and start working from June/July. Would you suggest I get a credit card soon or should I wait? Also, could you please make a video about the different credit cards that a person can or should get for the different services they provide. Thank you.

@vikram0607

Жыл бұрын

Get a card with no annual fee

@aryanjha8411

Жыл бұрын

@@vikram0607 Which one? There are so many options. If you could recommend something that would help.

@gourobnandi1034

Жыл бұрын

I will suggest to have Flipkart axis and Amazon icici as most of your purchases will be from Flipkart/Amazon/Myntra. Getting a 5% cashback on most of your purchase will be a great way of saving some money and don’t go with emi/no cost emi. And after that you can go with HDFC milenia/sbi cashback as they offer 5% cashback but sbi cashback is better as it provides 5% cashback on all online spent.

@ashwinshyam

Жыл бұрын

You can get a credit card, provided you have financial discipline. First get a corporate salary account, then ask the same bank for a card. You'll tend to get a better card like this for lifetime free than applying directly.

प्रिय अंकुर जी, नमस्कार! आपकी दी हुई एक - एक फाइनेंशियल सलाह, जितनी भी आपकी तारीफ की जाए, मैं समझता हूं कम होगी! आपके हरेक शब्द मेरे लिए अनमोल रत्न के बराबर है, काफी सरल और उपयोगी सलाह देते है ,जो किसी भी आम लोग को भी आसानी से समझ आ जाती है, अपेक्षा करता हूं आगे भी हैं ऐसे ही हमारा पैसे के मामलों में पथ प्रदर्शित करते रहेंगे। धन्यवाद!

Amex card customer care is on next level....which I feel like royal customer. On the other hand less offer, points etc

Mujhe ek question hai sir kya aap apki credit limit bata sakte hain mujhe janana hai ki youtuber ko kitni limit milti hai

Sir, Can you please share some content on silver buying guide and its effects?? Just like the one you did for gold buying guide digitally??

@gourobnandi1034

Жыл бұрын

I will suggest to buy gold when rbi releases the gold bond.

Thank you sir for sharing the valuable information about credit card

Thanks for making this video.... Very informative

I'm 25 and i have 8 credit card all LTF excluding Sbi

Always best to have fewer CCs and DCs. Most folks don't need more than one of each, unless like Ankur one is required to separate their personal and business expenses (it has tax implications too). If one is good with fiscal discipline, one can use a CC for all online & offline payments to earn reward points and defer payment (usually 45-50 day credit). But, some websites and offline stores charge a admin/processing fee for swiping CC but not on DC, so in such cases DC is preferred mode of payment. Most people with a Bank a/c can avoid dealing in cash, esp since the pandemic started in early 2020.

@stocker4321

Жыл бұрын

Black money but tho kharchna hai😂

Sir ji can you please make a video on how to earn something in 10 15 20 days from money which we kept for cc payment like you say in this money

pls make a video for freshers who are joining their first job and will get first salary, how to invest, insurance and credit cards pls guide

Wonderful job Sir, very detailed explanation.

very very helpful, thank you!

Sir agar mai 4-5 credit card le lu . Aur unhe 4-5 month use na karu ya minimum 1-2% use karu to kya credit score me kya farak padega. Please sir reply karna...

Wow, this was very helpful. Thank you so much.

One important point you have missed sir. Having large unutilized credit limit actually decreases your cibil score. I have tried this so saying. PS- I am using credit cards for more than 7 years and have 6 credit cards and have earned more than lakhs from the points etc. And never paid an extra dime to credit card companies..😜

25000₹ salary but Owns 5 credit card Hdfc bank cc SBI cc Onecard Tata neu card Amazon pay ICICI cc Total limit = 1.5 lakh😁

Very helpful information. Thank you

Hi Ankur, Please make a video on having multiple bank accounts ie advantages and disadvantages.

@prabhatkrishna1635

Жыл бұрын

Bank accounts do not impact cibil score, so keeping 1 bank account is enough!!! Also, all bank accounts have more or leas same interest rate .

I wish I watched this video before I closed 4 cards last month

What is the charges if go for cash withdrawal but paying on Time before due date?

आपका समझाने का तरीका बहुत अच्छा लगा मुझे सर् राम राम जी 😊😊

What career path should I choose as a 2nd year BBA student struggling with direction and lack of sleep? I don't know what I am doing.😮‍💨

Even I'm using multiple credit cards and managing via cred also...🙂

Thanks sir for these awesome tips and tricks

Why we should not invest money in Co-operative society bank which Are covered under DIGC ? how safe HDFC is, the same way DIGC approved co-operative society banks are also, but upto 5L. Possible to cover a video on it for your viewers?

I am completely against of using Multiple credit cards.

Thank you for making this video.

Thankyou for sharinng awesome tips..