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Are you considering getting a credit card but not sure if it’s the right financial decision for you? In this video, we’ll be exploring why credit cards can turn out to be the worst financial mistake for some. From high interest rates and fees to the temptation of overspending, we’ll delve into the pitfalls of using credit cards and how they can lead to debt and financial struggles. We’ll also discuss alternative options for building credit and managing your finances. If you want to make informed decisions about your financial future, don’t miss this video.

32 Comments

  1. well i am early comenting but i think they are good if u can do a systematic payment on time it buils your cibil and get loan later at cheap rates

  2. I've been using credit cards for 5 years or so and I've got many free flights, hotels and discounts. My bank has an option of auto-pay. So the entire bill gets debited automatically from my bank account at the end of the billing cycle. So no worries on that. I've never paid any hidden charges. I use debit card for cash and credit for everything else and earn points on every rupee spend. So it's a wise decision if you are aware!! + I also have a free Priority Pass so i have unlimited lounge across the globe for my whole family with one card.

  3. Title: Why You Should NEVER Get A CREDIT CARD!
    Thumbnail: Holding a debit card 😂

  4. Imagine CRED was sponsor of the video instead of Smallcase. We are humans, we can forget about credit cards bills, AND THAT"S WHY YOU SHOULD USE CRED

  5. You guys doing a GREAT GREAT JOB . Many finance influencers are selling off to these credit card brands and in turn advertising credit cards in an EXTREMELY MISLEADING WAY . This is what i was trying hard to explain to my friend. I also have a credit card but use debit card because of exactly the reason "Credit card makes you think you have more money than you actually have" . He was just not listening to me and arguing with me even though i was the one trying to help him only. Yeah Credit Cards are evil business. Right now 1 more bank is trying since last 6 months to give me a credit card but i am just ignoring hard exactly cuz i am aware of Credit Card Business. If i ever need a loan then i will take personal loan and not credit card loan thingy.

  6. Though making finance videos in place of business studies brings no novelty, it's good to increase engagement and subscribers. Good decision.

  7. Lot of finfluenecers saying all these things under 3 reels please do more business case studies with data backing

  8. Totally agreee … Nasha to h credit card me but i stricted the uses of CC for emergency purpose only also i Never used it for my any luxury.

    P.S. -: I detached my CC frm bank leaflet after 2 years of issuing. (So i can proudly say I'm controlling my inner needy 'n greedy person which can be soft influenced by peers)

  9. Okay next topic
    Saving money doesn't make me rich ?
    Investing in stocks doesn't make me rich as well
    Where the fuck should i invest me money

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