Credit cards – a magical solution for a lot of people to solve all their financial troubles.
But are credit cards actually that amazing?
In my opinion – NOT AT ALL.
This is not a personal attack on credit card users. If you are spending your money wisely, kudos to you!
But if you belong to the majority class of people who fall in the loop of credit card usage, please watch the whole video.
What credit cards usually do is make you inculcate bad financial habits and spend money on ‘seemingly’ necessary things. (Sorry to say, but no, you don’t NEED that airport lounge access!)
In this video, I tell you 5 points why I think credit cards should not be used.
0:00 Introduction
01:30 Increase in expenses
05:32 Bad Debt
08:55 Credit Card Conveniences
12:20 How AMAZING are credit cards actually?
14:55 Credit Cards for Credit History
I hope that you get a clarity about this different perspective towards credit cards. This is not meant to bash anyone, but provide a holistic view of the issue.
If you want me to cover any specific topic, comment below, I will definitely shoot videos on them.! 🙂
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Attributions:
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