How to use credit card smartly to earn money

Hi friend, I am sure iss video ka tittle pad kar aap ne socha hoga ye kaise mumkin hai Kaise koi kharcha karkey bhi paise kama sakta hai Iss video se mein bhavin, certified financial planner financial coach aap ko bataunga ye kaise mumkin hai Tho lets learn following from this video

Number one- credit card yan plastic money kya hai Number two credit card kaise kaam karta hai Number three- kya difference hai credit aur debit card mein Number four- credit card par payment samay se na karney par kya hogaaur kis prakar k fees aur charges hotey hai credit card par Number five- kaise kamaye paisey credit card par Number six- kis prakar ki loans/emis mil sakti hai credit car par And last kaise apney card number aur details ko safe rakhey

Tho bina time waste kiye shuru kartey hai Number one- credit card yan plastic money kya hai Hum sab ne hamare aas paas k logo ko ye kehtey hue tho suna he hoga “yar, credit card tho mein rakh ta he nahi” Credit card use karna hi nahi chaiye, sab se buri cheese hai ye credit cardvagera vagera Lekin kya aap jantey hai ki credit card ko wisely aur smart way mein use karney par, kitney faydey ho saktey hai

Jaise ki naam suggest karta hai, credit card yan plastic money Credit yani udhar, credit card jo bank issue karta hai,aur ye card allow karta hai pelhay kharcha karna aur fir paise bharna Issi liye isse credit card kehtey hai

Mein koshish karuga iss video mein sari jaankari dene ki credit cards k barey mein, fir bhi agar koi sawal hai tho comment kijiye mein reply zarur karunga Number two- kaise kaam karta hai credit card Kya kabhi kisi ne socha hai kaise kaam karta hai ye credit card Abh iss video ko dekhney ka baad aap notice zarur karna

Next time jab kisi shop mein jao,jahan card ki machine lagi hojis machine ko POS machine bhi kehtey haiyani point of sale (pos) tho notice karna ki uss machine par kaunsi bank ka naam likha hai Aur jo customer vahan card istamal kar raha hai, vo kaunsi bank ka hai Say for example- Machine lagi hai xyz bank ki aur customer ne istamal kiya abc bank ka card

Tho abh dukan dar ko uskey paise, kaise milangay aur abc bank ko paise kaun dega as card tho xyz bank ki machine par use hua hai…tho lets see ki kaise transaction complete hota hai credit card par For example Mr Champak super market mein shopping karney gaye jahan “xyz” bank ki machine lagi hai Aur champak bhai k pass card hai abc bank ka… Jab champak bhai apna ABC bank ka card swipe karengay XYZ bank k machine par, tab xyz bank waley isski jankari dengay visa yan mastercard ko abh visa yan mastercard waley isski jankari dengay ABC bank jo mr champaklal ki bank ka card hai… aur abc bank wale supermarket ki transaction ko approve karengay Aur iss tarah se champak lal apni shopping ka saman lekey nikal jayengay Lekin abh super market wale ko kaun paise chukayega… Tho lets seeabh kya hoga Super market wala apni bank yani-XYZ bank ko transaction report send kar dega, aur XYZ bank waley super market wale ko unka paise chukka dengey

Tho abh question ye hoga aap k dimag mein, ki XYZ bank ko paise koun dega Tho XYZ bank ko paise visa yan master card ABC bank se lekar degi aur abc bank ko paise…ofcourse mr champak lal pay karengay jab unhey apne card ki statement milegi Tho I am sure abh aap ko itna tho pata chal he gaya hoga ki visa yan master card ka logo kyoun hota hai card par, aur credit card kaam kaise karta hai… Darasal, credit card internationally bhi use kiya ja sakta hai isi liye visa card yan master card ka hona zaruri hai Say for example champaklal ne apna card London k kisi supermarket mein istamal kiya Jahan “wxy” bank ki machine lagi hui hai Aur card issue kiya hai india k ABC bank ne Abh wxy bank wale jo London ki bank hai, india ki bank ABC ko nahi jatey,lekin visa yan mastar card waley jantey hai

tho iss tarah se complete hota hai credit card par transaction… Abh aap k man mein ye sawal aayega, ki cardswipe karne par machine mein se transaction slip tho turant aa jaati hai tho aap ko bata dun ki ye sara process jo meine abhi explain kiya vo internet aur server ki help se ten seconds k andhar andhar ho jata hai Now lets see point number three

Kya difference hai credit card aur debit card mein Short mein explain karun tho debit card bank account se link hota hai, aur jaise he mr champaklal apna debit card istamal karengay kisi bhi shop par, tho pelhey unkey bank account se paise katengay Aur agar unkay bank account mein uss vakt paise nahi hue tho card reject ho jayega Jab ki credit card mein mr champaklal k paas credit limit hogi aur yahan voh pelhey kharcha karengay aur fir paise bharengay… Now let’s see pointNumber four- credit card par payment samay se na karney par kya hogaaur kis prakar ki fees aur charges hotey hai credit card par

Yeh point thoda detail mein samjane ki koshish karunga tho,aap se request hai ki thoda concentrate karkey dekhey a) Annual fee/ renewal fee Kafi sari banks free for life card issue karti hai and that too bohot sari benefits k saath Example dun tho mere card pe koi annual fee nahi hai, nahi koi renewal fee… Aur kutch cards hotey hai jinpar bank annual fee charge karti hai aur renewal fee bhi Annual fee wala card kab lena chaiye Say for example har bar jab aap card ka istamal kartey hai supermarket mein ghar ka saman kharidne k liye yan light bill bharney k liyejo aap ko vaise bhi pay karna he tha as vo necessecity hai

Aur jab bhi aap card ka use kartey ho, tab aap ko kutch cash back aata haiaur saal ka karib 5 thousand ka cash back aata haiaur uss card par annual fee hai 1 thousand rupees

tho annual fee wala card lene ka koi matlab haiVarna nahi Buss sirf itna dyan dena hai ki puri payment samay se karni hai card par

tho iss tarah aap paise kama rahe ho kharcha jo zaruri hai aur aap cash dekar bhi karne he waley thee uspar… b) Cash advance fee Credit card par option hota hai emergency mein ATM se cash withraw karvane kaaur iss facility ko cash advance kaha jata hai Lekin ye facility use karne par kafi heavy charges lag te hai

aur isse cash advance fee kaha jata hai Ek example dun tho Mr champak ne 5000 rupees withraw kiya tho uss 5000 rupees par usse 2

5% yani 150 rupees or minimum of rupees 500 jo jyada banta hai vo as a charge lagegatho hamare example mein mr champak ko 500 rupees ki cash advance fee charge hogi Cash advance is facility ka istamal na he karey tho better hai C) interest free period

Credit card par twenty se fifty days tak ka interest free credit period milta hai, depending upon ki aap k saman purchase karney ki date kya hai Lekin agar pichley mahiney ki payment complete nahi ki hai tho yeh interest free credit nahi milta aur purchase date se he interest charge hota haiisiliye credit card ko pelhey samajna zaruri hai Even cash advance pe day one se he interest charge hota hai,iss facility par koi interest free credit days nahi milta

ye hum aagey dekhengay ek example ka sath jo ye concept aur bhi clear kar dega D ) Late payment charge- Minimum amount jo credit card statement pe reflect hota hai, minimum payment bhi nahi kiya samay se pelhey tho late payment charge attract hota hai,jo 100 rs se 700 rs tak hota hai depending upon the total outstanding e) overlimit charges ek example dun tho- MR champak ko bank ne five lakhs ki credit limit yani paise karch karney ki limit di haiaur unhoney 6lakhs ka kharcha kiya

tho iss case mein unka card one lakh se over limit ho jayega aur unhey uss 1lakh par 25% yan rs 500 jo jyada hai vo charge hoga Tho hamare iss example mein- 2500 rs unhey overlimit charge hoga

Mein fir ek bar repeat karungaki credit card ko samaj k use karna bohot zaruri hai Credit card par ek hota hai statement date aur ek hai due date statement date wale din statement generate hota hai aur uss statement par aaya hua bill bharna hota hai due date k pelhayjo make sure karna hai ki pura payment kar de due date se pelhay

varna interest charge hoga Lets take one example Mr champak ne apne pichley mahiney ki statement par due date se pelhay payment fully kar di Aur unki statement date hai har mahiney ki athra ko aur due date 1st ko… Abh ten april ko unhoney 15000 ki grocery kharidi 15th april ko 5000 rs ka garment purchase kiya

Aur 18th april ko unka statement generate hua Aur 1st may se pelhey jo unka due date hai unho ne 20,000 ka payment kar diya tho unhe koi interest, yan koi bhi charge nahi lagega in fact unhey inn karch kiye gaye rupyo par unki bank points degi yan cash back degiaur unhey 10 april se lekar 1 may tak 15000 rs plus 5000 rupess interest free miley use karney ko Now lets see ki kya hoga agar , Mr champak pura payment nahi kartey due date yani 1st may se pelhay Say, 12th may ko unhoney 2000 rupees ka payment kiya, tho iss case mein unho late charge lagega as payment due date ka baa aai hai aur unhone minimum payment bhi nahi kiya

Abh puri payment na karney ke bavajud unhoney 14th may ko 1000 rs ki ar shoppin ki tho unhey yahan day one se interest charge hoga as pichley mahiney ki payment full mein nahi ki hai Aur 15th may ko unho ne 15000 rs ki payment ki card par Tho abh jo athra may ko statement generate hoga voh kutch aisa hoga Say interest rate credit card par hai- 349% Interest on 15000 from 19th april to 11th may (15000*349%*12months)/365 =17

21 (per day) Tho 19th april se 11th may hue 23 days tho interest banta hai 1721*23 days= 39585 Interest on 13000 for 3 days 12th to 14th may 44

79 (as unhoney 2000 ka payment bhi kiya) tho 15000-2000=13000 par he interest charge hoga Interest on 5000 19th april to 14th may 26 days= 14916 Interest on 3000 15th may to 18th may- four days- 1377 Interest on 1000 naya purchase 15th may to 18th may 5days- 574

Total interest- 60927 c) Late payment – 750 (since unho ne due date se pelhey sara payment nahi kiya) d) Gst 18% 24460 e) Total out standing 1000 naya purchase plus 3000 pichle mahiney k4000 rs

Tho 18th may ko statement mein total out standing hoga a+b+c+d= 560387 Tho iss example se clear ho gaya hoga ki credit card ko kyoun sirf needs k liye istamal karna chaiye aur wants k liye nahiplus sara payment kyoun full mein karna chaiye

Mein Citibank Indian oil card use karta hun jispar mujey 4 rs ka petrol points miltey hai on every 150 rs spend on petrol 2 rs ka petrol points milta hai on every 150 spend on grocery and super market Zero annual fee So agar mein every month 2500 spend karta hun petrol pe aur 20000 rs spend karta hun supermarket mein tho salana mujey 3721 rupees ka petrol free milta hai as mein sara bill time se pay kar deta hun aur koi annual fee bhi nahi bharta Apply kijiye same Citibank ka card description mein diye gaye link se

Ek aur example dun tho mere bhai k hsbc bank k card par every Saturday ek pe ek movie ticket free milta hai,weekend jab tickets k rate doble hotey hai just because holiday hoti haiussi din agar hum chahey tho half rate mein yani normal day k rate pe movie dekh saktey haiyahi nahi online ticket book karney par ek pe ek popcorn bhi free milta hai Aur online portals pe credit cards se payment karney walo ko kitney offers bhi miltey hai… Pelhey tho find out kijiye ki aap k need k hisab se kaunsi bank ka kaunsa card sahi hoga au fir apply kijiye credit card

normall log ulta kartey hai apply karney k baad card unkey wallet mein pada rehta hai sometimes tho annual fee wala card bhi hota hai unkey wallet mein bina use k Number six- kis prakar ki loans/emis mil sakti hai credit card par

Recently meine apne pita ji k liye ek online company se phone kharida Aur payment kartey samay chck out k waqt mujey 3 months interest free and no processing fee emi ka option aaya just because koi offer chal raha tha Abh mujey koi extra paise nahi dene padh rahey thee tho meine vo option le liyaaur baki ka amount liquid mutual fund mein invest kar diya jahan mujey 8% interest mila

for five months as mujey fifty days ka interest free credit bhi mila bank ki taraf se Ek aur example dun tho- 13% interest pe over and above my credit limit,mujey six lakhs tak ka loan bhi mil raha hai abh mujey loan ki zarur nahi haibut kabhi emergency mein loan lena padey tho option available hai Tho iss tarah se credit card smartly use kar saktey hai… And last- apney card number aur details ko safe rakhey

Kabhi bhi apna card number yan card k pichley hisse mein diye gaye teen digit number jisey cvv number kaha jata haikisi se bhi share na karey aur online shopping kartey waqt bhi thoda zyada carefull rahe aur kisi bhi unknown websit pe apna card number na de

I hope aapko ye video pasand aaya Like kijiye ye video, aur apney questions comment kijiye And finally thanks for watching