One of the richest men in the world has warned youngsters to stay away from credit cards. And it is true. Instead of learning all the hidden rules created by these CC cos, ie instead of wasting time understanding how to manage credit cards, spend time learning how to manage money. You and your family will benefit more from it. The whole business model of Credit Card business is based on the intent of fraud. Learn from Buffet and stay away from credit cards.
RE:Warren Buffet
by vikas aditya on Jul 19, 2007 06:31 AM Permalink
I have always MADE money from Credit Cards and have never paid any single penny to bank by following simple principles.. -Pay in FULL before the due date. No need to pay interest -Use ONLY one credit card and pay using online banking..no chance of forgetting the due dates -Use reward points for Filling Petrol and saving money there :) -Take advantage of all Cash Back promotions.
You will MAKE money from credit cards. It's that simple!
RE:RE:Warren Buffet
by suhit kumar on Jul 20, 2007 12:27 AM Permalink
This dude is absolutely right. If one follows these simple rules, then using credit cards won't be a nightmare
RE:Warren Buffet
by B S on Jul 19, 2007 12:10 PM Permalink
I too agreed with this statement "stay away from credit cards..." because these big banks kill the small customer by charging anything for small mistake.. RBI should make one rule for all banks whether its pvivate or nationalise . like if minimum amount in saving account is not maintained ..then charge should be same in all banks..for stop payment... for every bank related act there should be unique charge system... should be defined by RBI... don't allow bank to kill small consumer... its after all consumer's hard earn money
RE:Warren Buffet
by B S on Jul 19, 2007 12:08 PM Permalink
I too agreed with this statement "stay away from credit cards..." because these big banks kill the small customer by charging anything for small mistake.. RBI should make one rule for all banks whether ist pvivate or nationalise . like if minimum amount in saving account is not maintained ..then charge should be same in all banks..for stop payment... for every bank related act there should be unique charge system... should be defined by RBI... don't allow bank to kill small consumer... its after all consumer's hard earn money
