ilmscore | Credit Card TIPS for Rs. 25,000 SALARY! | Ankur Warikoo Hindi

Credit Card TIPS for Rs. 25,000 SALARY! | Ankur Warikoo Hindi

Published: 2024-10-16
Status: Analyzed

Predictions from this Video

Total: 10
Correct: 4
Incorrect: 6
Pending: 0
Prediction
Topic
Status
Repaying a Rs 50,000 credit card debt by only paying the minimum amount will take 110 months.
"in fact it will take 110 months to repay this loan of 50000 if you keep paying the minimum amount for 9 years"
Credit Card Interest
Incorrect
A Rs 30,000 credit card debt will take 9 years to repay with a 3% monthly interest rate.
"9 years to repay ₹3000000, if the interest is 4 per month, then to repay the same ₹5000000, it will take 17 years, 8 years and almost double, this is the difference of just 1 per"
Credit Card Interest
Incorrect
A ₹50,000 credit card debt will take 9 years to repay if paying the minimum amount due and the interest rate is 3% per month.
"9 years, during that time you would have paid 90000 to repay this 50000"
Credit Card Interest Rate
Incorrect
A Rs 50,000 credit card debt will take 17 years to repay with a 4% monthly interest rate.
"9 years to repay ₹3000000, if the interest is 4 per month, then to repay the same ₹5000000, it will take 17 years, 8 years and almost double, this is the difference of just 1 per"
Credit Card Interest
Incorrect
A credit card loan with a 5% monthly interest rate will never be repaid, even if minimum payments are made.
"if by chance you have taken such a credit card whose interest charge is 5% per month which is the equivalent of how much they charge you the minimum amount due, then your loan will never be repaid"
Credit Card Interest Rate
Correct
The annual fee for the SBI Simply Save Credit Card is waived if the cardholder spends over ₹1 lakh in a year.
"Annual fee waiver: If you spend more than ₹1 lakh, the annual fee of ₹99 will be waived."
Credit Card Annual Fee Waiver
Correct
A credit card loan with a 6% monthly interest rate will continuously increase and never decrease.
"if it is so, then it is important to understand that your amount will always keep increasing, it will never decrease."
Credit Card Interest Rate
Incorrect
New holders of the SBI Simply Save Credit Card will receive 2000 bonus reward points, valued at ₹500, if they activate the card and make purchases within the first 60 days.
"2000 bonus reward points which are worth ₹5000000 within the first 60 days of card activation."
Credit Card Welcome Offer
Incorrect
Cardholders of the Paytm Bank credit card will receive 12,000 bonus reward points annually if they spend ₹36,000 or more in that year.
"You will get 12000 bonus reward points if you spend ₹36000 in a year"
Paytm Bank Credit Card Annual Bonus
Correct
A minimum annual balance of ₹1 lakh is required to be eligible for the HSBC Smart Value Credit Card.
"For this, your annual balance should be at least ₹1 lakh."
HSBC Smart Value Credit Card Eligibility Balance
Correct