When was the final time you obtained a name to get a Credit Card from a financial institution? If banks are actually after us to get a Credit Card, certainly there should daal me kuch toh kala, which implies they have to be not telling us the entire story. But if that’s the case, why did a BILLIONAIRE…Kevin O Leiry ask his son to get a Credit Card?
Billionaires additionally get a credit score card, even once they don’t want it… as a result of there are some secrets and techniques about Credit playing cards that may enable you to get wealthy and by the top of this video, I’m going to inform you these secrets and techniques. So, in in the present day’s video are going to see…
a) 3 Disadvantages of utilizing a Credit Card
b) 3 Advantages
c) 1 Secret Advantage the place a Credit Card, which is nothing however a chunk of plastic, will help you purchase a home.
d) And in the direction of the top, I’ll offer you a Bonus Tip that can assist you perceive how one can use Credit Cards properly.
You know the distinction between a Debit Card and a Credit Card proper? How a lot you possibly can spend utilizing your Debit Card is determined by your financial institution steadiness, however how a lot are you able to spend utilizing a Credit Card, is determined by a financial institution, based mostly in your Credit Limit. We are going to speak extra about Credit Cards and Credit Limits on this video.
The 3 Disadvantages of utilizing a Credit Card are:
1. They promote impulse shopping for. Remember the final impulse buy you made that you simply didn’t want? We are going to speak extra about why we do impulse shopping for and how Credit Cards push it additional.
2. Credit Cards can put you in loads of debt. There are loads of ways in which Credit Card corporations earn money. The most vital being curiosity. In this video, we’re going to discuss extra concerning the completely different sorts of curiosity, taxes you may need to pay in case you default in your Credit Card Bill cost.
3. And most significantly, Credit Cards can spoil your Credit Score. If you need to be in India, begin a enterprise, purchase a home or do any type of borrowing, having a pristine Credit Score is vital. Let’s perceive extra about what impacts your Credit Score and how Credit Cards can deliver it down.
The 4 Advantages of utilizing a Credit Card are:
1. Credit Card have Benefits. But it’s vital you determine what profit issues to you essentially the most and solely go for the Credit Card that will get you these advantages. There isn’t any level in getting a Credit Card that provides you reward factors for filling gasoline, while you use public transport regularly.
2. They are Universally Accepted. In this video, I inform you about my Credit Card story, when was the primary time I purchased a Credit Card, Why and the way it helped me journey throughout the seas with none bother.
3. Credit Cards Offer Strong Buyer Protection. You’ll know extra about how Credit Cards defend you from fraudulent transactions on this video.
4. Now what’s the 4th and the Secret Advantage of Credit Cards, which is the explanation why Billionaires additionally promote utilizing it? Watch the video to know extra!
In this video, I not solely inform you the final benefits and disadvantages of getting a Credit Card, but additionally share with you my story of how having a Credit Card and constructing a very good Credit Score, has helped me purchase a home.
And in the direction of the top, I’ll offer you a The Urban Fight copyrighted system for utilizing Credit Cards properly. This system will be certain that Credit Cards solely make your life and not break it.
And don’t overlook to share this video with your folks who don’t have Credit Cards or who’ve bother paying their Credit Card payments on time!
Good luck and comfortable studying! 🙂
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DISCLAIMER: We, The Urban Fight should not accountable or chargeable for any losses ensuing from any type of investments. Kindly search skilled steering earlier than investing. By watching this video, you settle for that the presenter/coach and/or The Urban Fight won’t be held liable for any losses in your Trading or Mutual Funds account. Trainer/Presenter of this video just isn’t a SEBI registered analyst or an advisor.
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