SBI cards in trouble due to high revolvers :report

@TridentDG

@DEEPANGEORGE

@androgame

@DemonSlayer

Revolver Rani

CBFC: U/A 2014 ‧ 

Action/Crime ‧ 2h 12

https://www.imdb.com/title/tt32...8/

one more pandemic adha credit card loans npa me jayega. 

Because the agent that miss sell the SBIcredit cards say something interesting to trick people into SBI card 

do you know what they say first?

Ans: its zero cost EMI in SBI cards please take SimplySAVE / SimplyClick , you can avail zero cost EMI on shopping xD -> (its kinda SBI card itself promoting EMI a lot)

this is the main reason for revolvers and EMIs haunting SBI cards xDDDD

VU+ for many to read this and get aware on how SBI credit card is and how that will have impact on "SBI Cards and Payment Services Ltd - SBICARD" stock 

I am reading it this from income perspective.

Considering Sbi card charges 3.5% to 4% per month on outstanding credit for revolving credit, 

It becomes 42% to 48% per annum as income.

😅 Phew! That's how they become RICHIE RICH.

maha chu credit card hai inke , except cashback 

I have no interest in SBI but missed excellent discounts in the recent Prime day Sale. Thinking of getting one...

High Revolver kya hai..

Very misleading article, sbi cards stock is down since ages because it's revolvers segment has come down from peak 40% to 25%. People now are more smart and they pay their dues in time. Sbicards would like more people to revolve to earn more money, but people now are more smart. 

someone plz post this article text.

  Happy to own sbi card shares

happy to NOT own sbi card shares

Sbi wale banduke bhi rakhte h ab 🤣🫢

Remember to use your SBI credit card only for discounted purchases, treating it like a prepaid instrument, not a credit instrument.

If you use Upfront Credits, you'll end up living in poverty next month. Unknowingly, the credit you use could consume your next month's salary, leaving you with nothing for your spending needs.

If you opt for No Cost EMI, the monthly EMIs can gradually add up to your entire monthly salary, forcing you to live in poverty for many months.

Now I understand why they say market know all .!!

Hence the price.

Keen to learn trading if anyone can help slowly and steadily.

Still I get calls every day to convert every transaction to Flexi EMI 

Their revolving credit is because of charges on pre closing of EMI.

HDFC  and ICICI doesn't charge any thing for pre closing of EMI if close within 10 days or so.

SBI is changing appx 3.5% of balance amount.

So people feels instead of paying pre closure charges enjoy EMI facility and in this way their revolving credit is getting upward

This is the reason -

Dear Cardholder, trxns. of combined value Rs.5800, done with your SBI Credit Card are eligible for conversion to Flexipay EMIs.

Good time to start accumulating shares on dips till 500. Ignore other jinko abcd bhi nai malum stock market ka... N well u can also start adding alkylamine till 1500 n sell above 2500-4500+

if you are broke dont get a credit card period. broke people are the best customers for any card company, get into debt accumulate high interest and way away for years.
SBI cashback card is awesome for the saving it can give you if you purchase online. Its a lot of saving when looked at a longer term as long as you can always pay the entire amount every month.

The only other card coming close is the tata neu hdfc card 
Airtel Axis card and millenia  seems nice at first glance but have big limitations on how much cashback u can get. SBI's is much  higher only the 5k / cycle cap 

Just dont take any EMI, if you dont have money, save and wait. Only time I ever take an EMI is for phones where they give extra 7k discount for emi, so take EMI while keeping entire money in bank just to get that saving.

Moneycontrol is known for hitjobs and sensalization. A bank makes money if people don't pay in full. So EMI interest, revolving credits is actually good for bank.

Hindi ?

SBI paid 700 Rs less cashback on this month's statement. when i told this to customer care they just deny. what should be the next step ? every thing is clear in the statement that they have given 700 less.

DO NOT BELIEVE THE STATEMENT FROM SBI> RUN A CALCULATOR YOURSELF FOR EACH STATEMENT>