Don’t Get a Credit Card in 2025 Without Watching This | 1% Club Show Ep 57
Published: 2025-04-07
Status:
Available
|
Analyzed
Published: 2025-04-07
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 4
Prediction
Topic
Status
The number of credit card users in India is projected to double from 100 million to 200 million by 2030.
"India currently has 10 cr credit card users. This number has more than five times in the last 10 years and this number is about to double in another 5 years. So by 2030 we're going to have 20 cr credit card users in India."
Pending
ICICI Bank is predicted to make significant advancements and become a dominant player in the credit card market in 2025.
"I believe 2025 is going to be the year of ICICI for credit cards."
Correct
Certain ICICI credit cards offer up to 24% returns on hotel bookings made through their portal due to a 12x multiplier on a 2% base return rate.
"So, this card gives you a 2% return rate on your spending. So, if you use it on the ICICI portal on flights or vouchers, you get 6x. So, now you get 12%. Right. Or if you buy hotels with it, uh, you get 12x. So, 12x into the base 2% is 24% returns."
Correct
A specific ICICI credit card offers a 3% base return rate, which can translate to up to 36% returns on certain purchases when multipliers are applied.
"That's 3% base. So, you tell me now that's 18% and 36%."
Pending
American Express has halted the sourcing of new credit cards, and availability is uncertain, potentially for several months.
"MX has now stopped sourcing credit cards. What? Why? Why did you Yeah. So, we don't have a official confirmation on uh I can't get this anymore if I want to. This is gone. This is not available for a few months now. It could be 2 3 4 months, 6 months."
Incorrect
In the past, Vistara credit cards offered a free business class ticket for every 1.5 lakh rupees spent, which could be utilized for rent payments to achieve milestones.
"Last year Vistara cards used to be great when Vistara was a thing where if you spend one and a half lakh one and a every one and a half lakh you spend you get a business class ticket free."
Incorrect
The American Express Platinum Travel card offers 40,000 points as a milestone reward for spending 4 lakh rupees.
"American Express Platinum Travel for people who already have it. Not this one. The Platinum Travel card gives you 40,000 points when you spend four lakh rupees as milestones."
Correct
HSBC Premier card offers a 3% return on rent payments, which effectively becomes 2.5% after accounting for platform fees.
"So, the other hack is using other cards. The hack is that you can do this for a delta or free money. But in case you don't have this, uh, two other cards that give you points on rent is HSBC premier that gives you 3%. Then minus the red giraffe free fee, it's 2.5%."
Correct
The Axis Magnus Burgundy card allows earning points on rent payments up to a limit of 50,000 rupees per month.
"And uh you can spend on rent and earn points up to 50,000 of rent in a month."
Correct
The HDFC Marriott Bonvoy card provides a free Marriott stay reward (up to 15,000 points) upon reaching spending milestones of 6, 9, and 15 lakh rupees.
"This card gives you a free Marriott stay, okay? up to 15,000 points when you spend six lakhs, 9 lakhs, and 15 lakhs."
Correct
The Times Black card offers benefits like free stays at five-star hotels, a Cluke voucher (for international experiences) upon spending 2 lakh rupees, and a Tata Click luxury voucher upon spending 5 lakh rupees.
"With this card, if I pay my rent, I can get free stays at fivestar hotels. Uh, a few. Yeah, you'll get like at two lakhs spend, you get a Cluke voucher. So you can use that for an experience. Five lakhs, you'll get a uh I think a Tata Click luxury voucher."
Pending
The American Express Platinum Travel card can be used for insurance payments to achieve spending milestones, and it is accepted on various platforms.
"American Express Platinum Travel uh gives you the milestones on insurance spends and uh they are accepted on platforms as well so you can just use the MX card."
Correct
The ICICI Emerald Private card offers an 18% return rate on voucher purchases, combining a 3% base rate with a 6x multiplier.
"The emerald private gives you 3% base and 6x multiple when you buy vouchers. So 18% return rate on vouchers."
Incorrect
The Tata New Infiniti credit card provides rewards on spending for insurance and utility bills.
"this is giving you points on insurance and utilities as well."
Correct
The SBI Cashback card does not offer rewards on spending for utilities or insurance.
"But it's not giving on utilities, it's not giving on uh insurance."
Correct
The Axis Atlas card offers 2 AOR points for every 100 rupees spent, which converts to 4 AOR points due to a 1:2 ratio transfer. With each AOR point valued at approximately 2 rupees, this results in an effective return of 8 rupees for every 100 rupees spent.
"This card gives you two points for every 100 rupees that you spend. Okay. Right. And you can transfer these points at a 1 is to 2 ratio to any partner. Okay. Okay. Now I will transfer it to AOR. Okay. So I spend 100 rupees I get two of these points. Now when I transfer to AOR it becomes four. Four. Okay. Four points. And each AOR point is worth almost 2 rupees of value."
Correct
The Axis Atlas credit card provides an effective return rate of 7.2% when used for spending with Accor hotels (AOR).
"if you do the back calculation the return rate on this card if you tap it is 7.2% if you count ECO if you're using it at EOR"
Pending
Spending on flights with the Axis Atlas card yields 5 points per 100 rupees, which converts to 10 AOR points (worth 2 rupees each), resulting in a 20% return on flight expenditure.
"Now if you use it to book a flight, every 100 rupees you spend, you get five points for flights. Yeah. So you don't get two, you get five. Now I spent 100 rupees on a flight, I got five points. Five points when I convert to AOR becomes 10 points. Each AOR point is worth two. So 20. So 20% returns."
Correct
Spending 2 lakh rupees on the ICICI Times Black card earns a Cluke voucher, which can be used for booking international experiences.
"If you spend two lakhs on this card, you get a Cluke voucher. What is Cluke voucher? Cluke is a website where you will book all of your international experiences."
Correct
The Axis Magnus Burgundy card offers a 4.8% return rate based on 12 points earned for every 200 rupees spent.
"This card gives you 12 points when you spend 200 rupees. Now, if you do the back calculation, points is worth how much? How much can it transfer? You will come to a conclusion that this card is giving you a 4.8% return."
Correct
Spending above 1.5 lakh rupees per month on the Axis Magnus Burgundy card yields a 14% return rate.
"Now, you do the back calculation, you get 14% return rate on everything you spend above 1.5 lakh."
Incorrect
The Axis Magnus Burgundy card is recommended for high net worth individuals and for large purchases like car down payments, offering significant returns on spending above 1.5 lakh rupees per month.
"So my pick for heavy spenders HNI is the Axis Magnus Burgundy. So Ali I think u amazing amazing interaction. I think it was so valuable. I don't think a video like this exists anywhere. A completely unbiased award ceremony for the best credit cards in India today. There are more than 200 plus credit cards, but we have picked the top 10 credit cards across different categories for this month."
Pending