Login

Post on Medial

PRATHAM

 • 

Medial • 4m

Credit Card Will make you Poor‼️ Even though you are meeting all protocols, you are using it stupidly, although if you have 800+ credit score Reasons: 1️⃣ Invisible Money Heist: When you swipe that card, your wallet doesn't get lighter. You don't feel giving money and hence you spend more 2️⃣ Reward Points: "Free" movie tickets for spending ₹10,000? Congratulations, you just paid ₹10,000 for a ₹200 ticket. Even your local shop gives better deals! 3️⃣ EMI (Equated Monthly Installments): allows to diversify cost over time , this leads to paying more than the original due to interest charges. 4️⃣ Hidden Charges: Annual fees, processing charges, GST - by the time you're done, you've paid more extras 5️⃣ The Lifestyle Upgrade Delusion: That card might make you feel like SRK, but your bank balance is more like KRK. If not paid before deadline then you have to pay high interest like 30%+ Solution? Shift to cash or Debit card

32 replies39 likes
7
Replies (32)

More like this

Recommendations from Medial

Image Description
Image Description

Mamidela Dinesh Kumar

Stealth • 6m

Adding UPI to credit card is the ultra pro max definition of making one more poor. Would you take upi enabled credit card ?

10 replies17 likes
Image Description
Image Description

Chamarti Sreekar

Stealth • 1m

Best credit card according to you is?

6 replies16 likes
2
Image Description
Image Description

AjayEdupuganti

Stealth • 5m

Do you use a RuPay credit card with UPI? How often does your credit card bill exceed your expectations? Are you spending more because of your credit card? I just want to understand whether this could become another potential debt trap for Indians

See More
3 replies2 likes
1

Hemant mewada

Stealth • 1m

either you want work or credit card dm me

0 replies3 likes
Image Description
Image Description

Giggity

Stealth • 5d

getting a credit card in india is really tough even when you have a good salary you won't get a credit card because of no credit score don't you think this is a hurdle

4 replies3 likes

Ravi Handa

Stealth • 4m

Thank you to those who don’t pay Credit Card bills on time. 😁

0 replies11 likes
Image Description

Hawk

 • 

Medial • 4m

Which app do you use to pay for your Credit Card Bills? If your option is not listed then mention it in the comments

1 replies4 likes
Image Description

Hemal Mamtora

Stealth • 7m

Best Personal finance apps ? Do you need any app to manage your bank details, mutual fund details, credit card status all at one place ?

1 replies5 likes
Image Description
Image Description

Aryan patil

Stealth • 8m

Did you know that RuPay credit cards offer up to ₹2 lakh in free personal accident insurance coverage, and up to ₹1.50 lakh in lost card insurance coverage. All RuPay credit cards offer free personal accident insurance and permanent disability cover,

See More
9 replies12 likes

Giggity

Stealth • 3m

Do you guys use slice to borrow money I heard their interest rates are high compared to credit cards do you think slice makes sense.

0 replies2 likes

Download the medial app to read full posts, comements and news.