Channel: pranjal kamra

Category: Education

Tags: business model of credit cardcredit card inflationcredit card working modelcredit card businesshow banks make money with credit cardcredit card debt inflationhow credit cards workunderstanding credit cardsinflationhow do credit cards workinflation in indiaavoid credit card debt due to inflation

Description: We all use credit cards thinking that they might help us pay for things when we don't have money to buy them immediately. They give us the liberty to pay for things later & we think that any credit card company's primary earning source is the interest they charge to customers in case of delayed payments, which is true indeed. Still, there is one more hidden parameter through which they earn revenue which causes inflation. In this video, I have discussed some of the dark truths about Credit card companies: how they make their income by harming middle-class people's pockets. 00:00 - Introduction 02:17 - Real business model of Credit Cards 06:05 - Why do merchants fall into this trap? 08:10 - How do credit cards cause an increase in inflation? 10:32 - How does it impact us? ➡️Recipe by Finology: recipe.finology.in ➡️Your Equity Research Assistant (Ticker)- ticker.finology.in ➡️Find the Best Stockbroker: select.finology.in ➡️Best Learning Platform: quest.finology.in ............................................................... ✌️Pranjal's Favourite books - zurl.co/ZgEI 1️⃣Mint your Money by Pranjal Kamra - amzn.to/3tsMB8P 2️⃣Investonomy by Pranjal Kamra- amzn.to/3BLeviA .............................................................. Get in Touch ⏩Twitter Tips - twitter.com/myfinology ⏩Facebook connect - facebook.com/myfinology ⏩Instagram updates - @myfinology ⏩Telegram - @myfinology 📧Email - Pranjal@finology.in 🌐Website - finology.in