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

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You can Download CRED here: http://bit.ly/CredTUF
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ABOUT THE VIDEO:

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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Видео Credit Cards: Advantages and Disadvantages | Are Credit Cards A Boon or Bane? канала The Urban Fight