Why Rich People Always Use Credit Cards? Ft. Tejas Ghongadi | KwK #145

➡ Join This Group To Be Invited To Future Offline KwK Events : https://chat.whatsapp.com/F3MbHDPwTwC11mnSuvVc1M➡ Order my book 'Acing CA' here:https://www.amazon.in/dp/8195816886?r...➡ Order my book 'Unlocking Unicorn Secrets' here:https://www.amazon.in/dp/0143461605?r...🎧 Listen to Konversation with Kushal Episodes On Spotify:https://open.spotify.com/show/0gLN318FZ5Ew9vyfZkNYoe➡ For crisp learnings from the podcast, check out our clips channel: @kushallodhaclips548https://www.youtube.com/@UCt8KJr-UIGAD71_RKaAclJA--------------------------------------------------------------------------------Follow Kushal Lodha on Social Media:📝 LinkedIn: https://www.linkedin.com/in/kushallodha548/📷 Instagram: https://www.instagram.com/kushallodha548/?hl=en📱 Twitter: https://x.com/kushallodha548Follow Konversation with Kushal on Social Media:📝 LinkedIn: https://www.linkedin.com/company/konversation-with-kushal/?viewAsMember=true📷 Instagram: https://www.instagram.com/konversationwithkushal_/profilecard/?igsh=MXh3aGx2ZGZyd2o2dA==Follow KAGR Club on Social Media:📝 LinkedIn: https://www.linkedin.com/company/kagr-club/📷 Instagram: https://www.instagram.com/kagrclub/?hl=en______________________________________________________________In this episode of KwK, Tejas Ghongadi dives deep into the world of credit cards, revealing how to use them wisely while avoiding common pitfalls. From maximising rewards and cash back to understanding hidden charges and interest rates, he shares expert insights that can help you make smarter financial decisions.Tejas explains how banks determine credit limits, the impact of credit cards on your credit score, and the benefits of maintaining a strong financial profile. He also discusses co-branded cards, no-cost EMIs, and the rising trend of Buy Now, Pay Later (BNPL), along with the controversies surrounding reward points and potential scams to watch out for.Whether you're new to credit cards or looking to optimize your spending, this episode is packed with actionable tips to help you make the most of your financial tools.Don't forget to like, subscribe, and hit the bell icon for more insightful and interesting content! 🎥📚--------------------------------------------------------------------------------Timestamps00:00:00 Introduction00:03:13 Which credit cards does Tejas have?00:05:10 Why should you use credit cards?00:08:22 Drawbacks of credit cards00:12:50 What is “Minimum Amount Due”?00:14:47 How do banks determine credit limits?00:16:26 Hidden charges while using credit cards00:24:16 Impact of Credit cards on Credit score00:27:08 Benefits of good credit score00:30:40 Average monthly spend on credit cards of Tejas00:32:21 How do you choose the right credit card?00:35:53 Rewards by using credit card00:54:54 What are Co-Branded cards?00:58:47 Best credit cards based on different criteria01:02:11 Controversy surrounding Axis credit card points01:11:57 No Cost EMIs on credit cards01:15:59 Concept of Buy Now, Pay Later (BNPL)01:19:49 Prevailing scams and frauds while using credit cards01:22:47 One important thing that we did not discuss#kushallodha #creditcards #creditcardhacks #creditscore