ilmscore | Car Purchase Using Credit Card? #financewithsharan #shorts

Car Purchase Using Credit Card? #financewithsharan #shorts

Published: 2025-05-13
Status: Available | Analyzed

Predictions from this Video

Total: 6
Correct: 4
Incorrect: 2
Pending: 0
Unrated: 0
Prediction
Topic
Status
The Axis Magnus Burgundy credit card provides 12 points per 200 rupees spent.
"This card gives you 12 points for every 200 rupees that you spend."
Axis Magnus Burgundy credit card points
Correct
Spending over 1.5 lakh rupees on the Axis Magnus Burgundy credit card yields 35 points per 200 rupees spent.
"When you spend more than 1.5 lakh rupees on this card, you get 35 points for 200 rupees that you spend."
Axis Magnus Burgundy credit card points bonus
Correct
Spending 10 lakh rupees on the Axis Magnus Burgundy credit card is predicted to result in 1.6 lakh Accor points.
"On the first one and a half lakh, you will get 9,000 points. Okay. On the remaining 8.5 lakh that you spend, you will get another 1.5 lakh points. So you just spend 10 lakhs on your credit card got 1.6 lakh access points."
Axis Magnus Burgundy credit card points calculation
Incorrect
Accor points convert at a rate of 5:4, yielding 80% of the original points, resulting in approximately 1.3 lakh Accor points from 1.6 lakh initial points.
"The conversion rate is 5 is to 4. So 80% points you get back. That's around 1.3 lakh Aquar points."
Accor points conversion
Correct
Each Accor point is valued at approximately 2 rupees.
"Aquar points have a value of 2 rupees each almost."
Accor points value
Correct
Using the Axis Magnus Burgundy credit card for a 10 lakh rupee car purchase is predicted to yield hotel stays worth 2.5 lakh rupees, representing a 25% return on expenditure.
"So you got 22 1/2 lak rupees worth of hotel stays on swiping 10 lak rupees on your credit card for a car. So 25% return on my expenditure by using the right credit"
Credit card expenditure return
Incorrect