*Rant. Please Take Care of Your Finances*
It's easy to get lost in optimising to the last Penny but is it even worth it?
Think about this: your card has lounge access but you need to spend 50k to get that access-and how much is that lounge access even worth? 500-1550? Is it even worth spending that extra 10-15k to get benefits of 500?
This was the not-so-serious part of the question, now, talking about talking about taking EMIs for your friends, just so that they can get discounts, is a risky job. Trust me, I've been there and I almost got fucked royally. Long story short, friend asked for card because 0 cost emi discount < promised to pay in installments < friend missed 2 payments < I paid the installments < I asked for money < friend returned money after saying: "Bhai tere liye paisa hee sab kuch hai" < friend no longer friend. I disagree with Dave Ramsey on a lot of things but his statement of "your friend is no longer a friend if you lend him money", I agree with that completely. Heck, if a friend asks for money, I give it without me expecting it back. Money is a lot more psychological than you think, and more often than not, it breaks relationships.
This rant is especially for those who got unsecured credit from the likes of Slice and are thinking credit cards can be even more lucrative; DONT! You guys have not seen recovery agents barge in to your premises and making an entire scene in front of your neighbours. This might see like an extreme scenario but trust me, debt doesn't take time to snowball; especially credit card debt. Long story short, if you're not able to make a payment before the due date and wait for your salary to pay it, credit cards are not for you.
In pic: Bangalore T2 lounge ;)
It's easy to get lost in optimising to the last Penny but is it even worth it?
Think about this: your card has lounge access but you need to spend 50k to get that access-and how much is that lounge access even worth? 500-1550? Is it even worth spending that extra 10-15k to get benefits of 500?
This was the not-so-serious part of the question, now, talking about talking about taking EMIs for your friends, just so that they can get discounts, is a risky job. Trust me, I've been there and I almost got fucked royally. Long story short, friend asked for card because 0 cost emi discount < promised to pay in installments < friend missed 2 payments < I paid the installments < I asked for money < friend returned money after saying: "Bhai tere liye paisa hee sab kuch hai" < friend no longer friend. I disagree with Dave Ramsey on a lot of things but his statement of "your friend is no longer a friend if you lend him money", I agree with that completely. Heck, if a friend asks for money, I give it without me expecting it back. Money is a lot more psychological than you think, and more often than not, it breaks relationships.
This rant is especially for those who got unsecured credit from the likes of Slice and are thinking credit cards can be even more lucrative; DONT! You guys have not seen recovery agents barge in to your premises and making an entire scene in front of your neighbours. This might see like an extreme scenario but trust me, debt doesn't take time to snowball; especially credit card debt. Long story short, if you're not able to make a payment before the due date and wait for your salary to pay it, credit cards are not for you.
In pic: Bangalore T2 lounge ;)