Back

Anonymous

Anonymous 1

Hey I am on Medial • 2m

This Super Card is basically training wheels for credit. While it's marketed as "building credit," you're just borrowing against your own money with extra steps. If you have ₹10,000 to put in an FD, why not just use that money directly? You're effectively paying interest to use your own money. The real benefit of credit cards is getting an interest-free period on money you don't have yet. This misses the whole point.

Reply

More like this

Recommendations from Medial

Giggity

Memes,games, startup... • 10m

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.

Reply
2
Image Description
Image Description

Three Commas Gang

Building Bharat • 6m

Imagine instead of keeping your money in boring savings account, you could simply do an FD of it and get good interest rates, but also get a steady no interest credit line upto FD amount to be used by you for daily expenses? Basically your money will

See More
16 Replies
4
17
Image Description
Image Description

Rohan Saha

Founder - Burn Inves... • 2m

Flipkart's Super Money app introduced the Super Card a few months back. It's a pretty handy option basically, you can get a credit card by just creating a fixed deposit (FD), no need for a strong credit history. So if you're looking to build your cre

See More
4 Replies
15

K

Ph • 1y

Here are the major points or key components of financial literacy: 1. Earn: Understanding your paycheck and knowing how much money you make . 2. Spend: Creating a personal budget and tracking your spending . 3. Save and Invest: Determining your fi

See More
Reply
2
Image Description

Ashutosh Mishra

Chartered Accountant • 9m

Teach personal finance how to use credit cards and EMIs effectively and on any specific launch (iPhone today) tell the world that 70% people buy on EMI and they can’t afford it.

2 Replies
4
Image Description

Atharva Deshmukh

Daily Learnings... • 1y

Have studied about Monetary Policy in short and it's effect. The monetary policy is a tool through which the Reserve Bank of India (RBI) controls the money supply by controlling the interest rates. RBI is India’s central bank. While setting the int

See More
1 Reply
8
Image Description
Image Description

Rohith Karuturi

#ENTREPRENEURSHIP • 8m

"We’re building an online lending platform to make borrowing fair and easy for everyone in India. If you've faced high-interest rates or confusing loan terms, we’re here to offer a better way. Our goal is to make borrowing money clear, stress-free, a

See More
5 Replies
3

Gangesh Rameshkumar

Figure it out • 17d

Today's term of the day: Credit Credit is a kind of loan handed out by financial institutions to businesses and individuals. You can think of it as the ability you have to borrow resources from a lender to pay at a later date, with interest for usin

See More
Reply
2
Image Description
Image Description

Aatif dehalvi

Hey I am on Medial • 4m

Business Idea: Enabling Credit Card Discounts and Cashback for Non-Credit Card Users In today’s digital shopping era, e-commerce platforms like Flipkart, Amazon, and others frequently offer discounts and cashback deals, especially for customers using

See More
3 Replies
1
4

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