why I buy EVERYTHING with CREDIT CARDS
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Hey friends!
🎞Video In-brief or just a short note:
In this video, I'm going to talk about how you can use Credit Cards to build wealth and how you can use credit cards to beat inflation.
Credit Cards are one of the most debated financial tools in the world!!
So, are we back to the discussion: Credit cards vs debit cards?
In this video, I'm going to talk about the perks of owning credit cards.
With credit cards, the most important thing you can do is to build your credit history which makes the bank trust you (only if you pay your dues on time) & if, your credit score or civil score is good, banks are always ready to give you low-interest rates on car loans, home loans, etc,
The other benefits of having a credit card include:
Airport Lounge Access
Free Airline MIles
Heavy Cashbacks & Rewards
Free Hotel Nights
Access to Golf Clubs
Online Cashbacks & so much more
As this video is about Inflation, let's focus on that.
Did you know that INFLATION is making you poor? But, we can easily beat inflation and be steps ahead if we use rewards or cashback from credit cards.
Suppose you spend 1 Lakh rupees per month. Now, put it all on a credit card with 1-2% reward credit card/s and by the end of the month, you'll have 1000-2000 rupees and if you invest these in stock markets or an Index fund or mutual fund, you can easily generate an average rate of return of 14-15% even while sleeping and end up with even crores of rupees in a time span of 20-30 years!!
If you're wondering how to use a credit card to earn money, this video is for you!
If you're a teenager or a student and do not have a source of income or job or a credit score or credit history, you can use FD Backed cards from banks like Kotak Mahindra Bank, SBI, HDFC, etc, or, you can apply for NBFC credit cards like Slice Credit Card/ OneCard Credit Card/ LazyPay Credit Card/ UniCard Credit Card or PostPe Credit Card.
Your 20s are the best time to build a good credit history so, make good use of these years.
If you follow even some steps mentioned, you'll never be poor again and be really rich or wealthy or whatever you want to call it.
You can practically make free money from using credit cards.
In this video, I also talk about How I make money using credit cards but, if you want to see a more detailed video on it, do comment down below.
If you liked this video, do consider subscribing here: / @dhruvbudhiraja
⏳Timestamps:
00:00 Introduction
00:30 What's Inflation?
021:00 What you'll get out of this video
01:25 How does a credit card work?
02:10 Perk 1: Credit Score & Cheap Loans
02:25 Perk 2: Free Rewards & Perks
02:57 Perk 3: Beating Inflation with Credit Cards
06:55 Ending Note
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⌨Meta:
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Video Language: Hindi
Subtitles in: English
🎵Music:
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📺Title:
How to use Credit Cards to Build WEALTH & Beat INFLATION | Free Money
Thank You
Dhruv Budhiraja