Credit Score Repair

Credit Cards: Advantages and Disadvantages | Are Credit Cards A Boon or Bane?

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Credit Cards: Advantages and Disadvantages | Are Credit Cards A Boon or Bane? – Best Deal Right Now?

When was the last time you received a call to get a Credit Card from a bank? If banks are really after us to get a Credit Card, surely there must daal me kuch toh kala, which means they must be not telling us the whole story. But if that’s the case, why did a BILLIONAIRE…Kevin O Leiry ask his son to get a Credit Card?
 
Billionaires also get a credit card, even when they don’t need it… because there are some secrets about Credit cards that can help you get rich and by the end of this video, I am going to tell you those secrets. So, in today’s video are going to see…
 
a)   3 Disadvantages of using a Credit Card
b)    3 Advantages
c)    1 Secret Advantage where a Credit Card, which is nothing but a piece of plastic, can help you buy a house.
d)    And towards the end, I’ll give you a Bonus Tip to help you understand how to use Credit Cards wisely.

You know the difference between a Debit Card and a Credit Card right? How much you can spend using your Debit Card is decided by your bank balance, but how much can you spend using a Credit Card, is decided by a bank, based on your Credit Limit. We are going to talk more about Credit Cards and Credit Limits in this video.

The 3 Disadvantages of using a Credit Card are:

1. They promote impulse buying. Remember the last impulse purchase you made that you didn’t need? We are going to talk more about why we do impulse buying and how Credit Cards push it further.
2. Credit Cards can put you in a lot of debt. There are a lot of ways that Credit Card companies make money. The most important being interest. In this video, we are going to talk more about the different kinds of interest, taxes you might have to pay if you default on your Credit Card Bill payment.
3. And most importantly, Credit Cards can spoil your Credit Score. If you want to be in India, start a business, buy a house or do any kind of borrowing, having a pristine Credit Score is important. Let’s understand more about what impacts your Credit Score and how Credit Cards can bring it down.

The 4 Advantages of using a Credit Card are:

1. Credit Card have Benefits. But it’s important you figure out what benefit matters to you the most and only opt for the Credit Card that gets you those benefits. There is no point in getting a Credit Card that gives you reward points for filling fuel, when you use public transport frequently.
2. They are Universally Accepted. In this video, I tell you about my Credit Card story, when was the first time I bought a Credit Card, Why and how it helped me travel across the seas without any trouble.
3. Credit Cards Offer Strong Buyer Protection. You’ll know more about how Credit Cards protect you from fraudulent transactions in this video.
4. Now what’s the 4th and the Secret Advantage of Credit Cards, which is the reason why Billionaires also promote using it? Watch the video to know more!

In this video, I not only tell you the general advantages and disadvantages of having a Credit Card, but also share with you my story of how having a Credit Card and building a good Credit Score, has helped me buy a house.

And towards the end, I’ll give you a The Urban Fight copyrighted formula for using Credit Cards wisely. This formula will ensure that Credit Cards only make your life and not break it.

And don’t forget to share this video with your friends who don’t have Credit Cards or who have trouble paying their Credit Card bills on time!

Good luck and happy learning! 🙂

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You can Download CRED here: http://bit.ly/CredTUF
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DISCLAIMER: We, The Urban Fight are not responsible or liable for any losses resulting from any kind of investments. Kindly seek professional guidance before investing. By watching this video, you accept that the presenter/trainer and/or The Urban Fight will not be held responsible for any losses in your Trading or Mutual Funds account. Trainer/Presenter of this video is not a SEBI registered analyst or an advisor.
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OUR FINANCE VIDEOS, YOU MIGHT LIKE:

Stock Market Basics (for Beginners) : https://youtu.be/x0G4WtO0LCQ
Trading Tutorial (for Beginners) : https://youtu.be/QaKbnXndWUY
How I bought a House before turning 25 : https://youtu.be/zVbSJlQ4kz4

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KEEP IN TOUCH:
Instagram: https://www.instagram.com/theurbanfight/
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#CreditCards #CreditCardsTips #CRED #TheUrbanFight #CreditCardsAdvantages #CreditCardDebt

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48 Comments
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48 Comments

  1. Aparna Dasgupta
    July 17, 2021 at 6:46 pm

    These financial advise series are a boon. THAT is for sure! Thank you Urban Fight!..

  2. RONNIE SAYAM
    July 17, 2021 at 6:46 pm

    Can a 18 yrs old get when he dosent have any income or something

  3. Robinson Wary Official
    July 17, 2021 at 6:46 pm

    Very good video.

  4. Bharath Reddy
    July 17, 2021 at 6:46 pm

    You end the video so cutely! 😅😋🤙

  5. Gopal Singh
    July 17, 2021 at 6:46 pm

    Hello 👋 mam how are you

  6. Ajay Divakaran
    July 17, 2021 at 6:46 pm

    Nice presentation Crystal clear.👌👌

  7. Prashant Kumar
    July 17, 2021 at 6:46 pm

    This page is suggested by Pranjal kamra in Assetyogi interview 🙏

  8. Nihal Rathod
    July 17, 2021 at 6:46 pm

    Financial advice from a woman, that's exactly what I want.

    I am not being sarcastic people, listen to your women! 😂

  9. deepak p
    July 17, 2021 at 6:46 pm

    I always buys the best for me. And never flet regretted

  10. narla mani teja
    July 17, 2021 at 6:46 pm

    MAAM YOUR HAIR STYLE IS AWESOME

  11. Rashmi Vohra
    July 17, 2021 at 6:46 pm

    Also make a video for those who don't hold good credit score and want to build up now for the obvious benefits

  12. Amit Rawat
    July 17, 2021 at 6:46 pm

    Madam, i buy 20000 rs tv then can i pay half amount of credit card under 50 day and remaining will become emi ?
    Please relpy

  13. Ajmal Shaikh
    July 17, 2021 at 6:46 pm

    Shopping in D Mart …..still paying the price ????

  14. Kritika Sansanwal
    July 17, 2021 at 6:46 pm

    I regret buying super expensive Hair extensions that I haven’t used more than thrice In sooo many months 😩😩

  15. Ashish Kulkarni
    July 17, 2021 at 6:46 pm

    Hello. I have a querry regarding CRED. If I have Auto debit on my credit card, can I still pay the bills on CRED? Will it lead to double deduction of the amount from my account?

  16. Chitransh Patel
    July 17, 2021 at 6:46 pm

    Good points. Glad to know all these and even better that i actually knew all this before hand so this helped me make my knowledge & habits more concrete. Good score and emergency funds, that's all the end result we all aim for when getting a credit card everyone should remember that.

  17. Miky M
    July 17, 2021 at 6:46 pm

    I subscribe even though it's my first time on your channel, I like the way you talk ❤️

  18. shrivathsa d.m.
    July 17, 2021 at 6:46 pm

    quick question, to repay the credit card payment, is automatically reminds by CRED ? becu if i mis the date with our busy schedule. is automatically pays from our accounts ?

  19. prashanth pasula
    July 17, 2021 at 6:46 pm

    Super

  20. Megha Dawar
    July 17, 2021 at 6:46 pm

    Hi Mam,
    Thanks for making such insightful videos.
    Does credit cards also provide accidental insurance coverage? If yes, then by how much and how can we claim if any such situation arises?

  21. Renu Mahey
    July 17, 2021 at 6:46 pm

    I really admire u….U r amazing…i learn alot&even watching ur video on a serus topic i found myself entertain i dont know how u do these all things together but really i am in love with ur voice&expressions…just like my big sis….🤩😍😇😊

  22. Deontré McPhee
    July 17, 2021 at 6:46 pm

    Love this!!!

  23. sreevignesh1
    July 17, 2021 at 6:46 pm

    Ur curly hair is ❤️🔥 nice vedio

  24. Gaurav J
    July 17, 2021 at 6:46 pm

    One more advantage it acts like emergency fund.

  25. Asha Harika
    July 17, 2021 at 6:46 pm

    If we want to terminate the credit card… Is it possible instantly

  26. Darrell James
    July 17, 2021 at 6:46 pm

    the right source is here 🤗 I got my credit card 💳delivered to me thanks to *flashcardin* he’s very trustworthy and reliable 🤗

  27. Akshay Agarwal
    July 17, 2021 at 6:46 pm

    Bought 3 pair of slippers 😛😜

  28. Ahana Pal
    July 17, 2021 at 6:46 pm

    Thank you so much ❤️

  29. soumik
    July 17, 2021 at 6:46 pm

    what if i have enough money in my account but i used credit card to pay . do i have to pay that amount of money to my account ?

  30. Swetha Chandrasekaran
    July 17, 2021 at 6:46 pm

    Thank you urbanflight for making my time valuable 👍

  31. mona s j
    July 17, 2021 at 6:46 pm

    i mam also wana know how jibless get cards credit n how tonincerese cibil sxore to get credit cRd good eligibility emi no cost emi in amazon .retail shop

  32. mona s j
    July 17, 2021 at 6:46 pm

    hi madam im ur subcriber .so in wana know more of loan emi plans.eligiblelity inside criteria in bank .retailer shop.etc also cibil score credit to increase .

  33. salman khan
    July 17, 2021 at 6:46 pm

    My old laptop display.i regretted badly after buying 😶

  34. crazy stuff
    July 17, 2021 at 6:46 pm

    She is awsome❤️ everytime 👍

  35. Dhiraj Nayak
    July 17, 2021 at 6:46 pm

    How do you have just 2 cards? I need help with assessing the cost to benefit and close at least 5 accounts of mine. I could close just one. I researched enough and couldn't find a video on this. Could you please make one? 😕

  36. DIGVVIJAY TOMAR
    July 17, 2021 at 6:46 pm

    Better to go 2 wheeler loan for credit score. Not credit card.

  37. Muakhek Tekwa
    July 17, 2021 at 6:46 pm

    No words just SUBSCRIBED.
    Keep up the good work.

  38. Firoz Pasha
    July 17, 2021 at 6:46 pm

    Great mam, Like to banta hai…and I did, pls do upload on Mutual funds, SIP, financial assets in general…

  39. Mohammad Ali
    July 17, 2021 at 6:46 pm

    Like if u don't have credit card

  40. Revamp Mind
    July 17, 2021 at 6:46 pm

    A credit card is a good thing. The only problem is that very few people know how to use it properly. Using CC and paying it regularly shows the bank your ability to pay back and helps to increase your credit scores. So next time, don't shy away from using the credit card but use it sensibly.
    #revampmind

  41. dashrath jatapara
    July 17, 2021 at 6:46 pm

    Pls hindi

  42. Ali Ahmed Ansari
    July 17, 2021 at 6:46 pm

    Listen na can you please details on the mutual funds which are shariah complaint

  43. Yeswanth Raj B
    July 17, 2021 at 6:46 pm

    can u take an video about mini project based on python

  44. Julie Adams
    July 17, 2021 at 6:46 pm

    All thanks to Starvendor I got my working credit cards💳 with a very high balance from him,He's good

  45. MuJJu
    July 17, 2021 at 6:46 pm

    That piece of plastic is a
    life saver/life maker
    And for sure
    It's life ender too
    Use it wisely and people will be impressed but if you use it bad you'll be depressed!

  46. Neeraj jain
    July 17, 2021 at 6:46 pm

    just a quick piece of information, these credit scores which are shown in the CRED app aren't legitimate, Bank doesn't use these scores they use different ones which are generally less than 90 points shown in this app.

  47. Joel catlett
    July 17, 2021 at 6:46 pm

    All thanks to Goldvendor10 on telegram right now I got my cash and I can quiet get to settle my debt..am sharing this here so that someone in my shoes too can benefit from him

  48. Chandrashekhar M
    July 17, 2021 at 6:46 pm

    Google Nest Mini.