When electronic (card) payments were introduced in Europe by the banks back in the late '80s, credit cards were frowned upon because they essentially make you pay for using your own money. European politicians demanded that the banks come up with a different system, and that's how we got debit cards.
Are the rest of the world just poor compared to America? Even Europe?
European politicians demanded that the banks come up with a different system, and that's how we got debit cards.
Thank you EVROPA.
(((credit)))
Euros realized credit cards are literally the most Jewish thing possible.
europe/usa - 1/0
I have never once needed a credit card in my life and i dont know why people go apeshit over using them
what are you talking about? credit cards are good.
literally just pay on time and get one without annual fees.
Only dumbasses with no financial education hate credit cards because "hurrr you get in debt!!!"
You can buy everything with credit cards, not limited with the amount of money you currently have.
shalom
b-b-but the cashbacks? if you spend xxx dollar on shit you dont need you get some dollars back? just spend more and you get money in return? its such a great deal? never mind they take your house if you dont pay your credit card.
Something good happens for consumers
It's because of EU regulation
With how often this happens I've grown to really love the EU. WIthout them we'd be living in a true corporate dystopia.
dumbass. if you want or need something, pay it in cash upfront.
Go away, Sheinbaum. Nobody likes jewennes in here.
My credit went down for paying early lol
the thing with credit cards is you aren't supposed to treat them like free money
you use them like a debit card where you don't spend any more than you currently have in your bank account
then you pay the balance off when it's due and don't owe any interest
then they give you a 1-3% cash back bonus, that's the incentive
but if you treat it like free money and spend more than is in your bank account, you owe interest and the incentive isn't worth it
if you do that you're retarded (most humans are retards so the credit card company makes $$$$$$$)
if you think that there's no way to use the credit card to your own advantage then you don't understand the credit card
the thing about credit cards is they only function because the majority cant fuckin use them. you are the majority, admit it, you have paid fees for late payments. you have... we all know it it. with debit card you couldnt rack up thoose fees. you simply cant use more than you have, its such an intelligent system. its almost like paying in cash, oh wait its exactly like paying in cash.
credit cards are based you are just a moron
you have paid fees for late payments
I've made over $2000 in credit card rewards and have paid maybe $100 in fees. I really don't care. you need to spend money to make money.
good goy. thoose 2000 rewards came from schmucks like i described so you prove me right. one day you will be that schmuck yourself, call me back then and tell me how great your credit card is.
you use them like a debit card
yeah so they're completely pointless compared to a debit card except to create massive crippling debt for millions
I'm not a revolutionary
I'm not here to save the world
I'm here to get 1.5 cents on the dollar
how much would you have made if you dint fall for their deals?
fall for their deals? I don't understand.
t. deadbeat
In retrospect, scepticism towards credit cards seems entirely justified given how huge credit card debt is.
I've never felt the need to use anything other than a debit card.
I still don't know the difference between credit and debit cards
credit cards pay by taking out a loan
debit cards just pay using money in your account
go to store
i need milk and bread, so i buy milk and bread
vs
go to store
i need milk and bre... oh wait cashback on cola? offer on pizza? i cant miss out on this i have to buy it...
What?
what's the point of a credit card? you get in debt for buying food?
Benefits if you aren't a complete retard and pay on time
Yeah, credit cards are the ultimate Shylock racket.
but you get interests on everything? why not just use your money?
back in the '80s
so 45 years ago? now ask who ever wrote a cheque here.
I don't know about over there, but here you get certain deals from them like building points for using it. It also builds your credit score which makes taking loans easier.
But in the end it's all just incentive to make people walk to the rope in hopes that those with poor balance slip. If you get my meaning.
theoretically there's no benefit and it just exists to steal from poor people
however they've become so popular that people look at your credit before they let you rent a house or lease a car etc
Credit cards here don't give you any rewards or anything. At best you get travel points with certain cards but you gotta be flying 24/7 for it to be worth it.
I got the best rated credit card in the entire Nordics (Bank Norwegian) and a $15k limit but I basically never use it.
what's the point of a credit card? you get in debt for buying food?
Yes, but then if you pay it off on time, you get 500 good goy points which you can use on aeroplanes, or something.
Why are Europeons so proud of being financially illiterate manchildren?
You help inflation soar well above the central bank's target every single year by buying dumb shit.
You consume everyday
You get paid once a week, maybe once every 2 weeks. Sometimes things dont line up well.
With credit card you pay as you consume with the bank's money and at the end of the month you pay it back from your paycheck. If you dont pay late you dont pay any interest.
Being financially literate is jewish o algo
t. american
how many credit cards you have?
whats your credit score?
It also builds your credit score
This is some China tier crap if it's real.
most people are financially irresponsible
credit cards
good
Eurochads are always right about everything, I hope they throw out other American sociopathic ancap menaces like Meta and Google next and then deport members of all Musk/Kremlin affiliated parties to Siberia and Alabama where they belong
It is 100% real. And I do sort of get it. But our entire economic system is far more debt based than what you guys have over there. Loans are easier to get without proof of ability to pay it off. You can literally lie about your income, provide no proof, and get a loan.
Our financial systems are just kind of fast and loose.
having a credit card in the first place is a huge negative hit on your credit score. i had to cancel them all in order to buy my apartment. 30k in credit, big nope, bank wanted that credit in their name and baked into the loan for the apartment.
if i insisted on keeping it it would be 30k less in loan.
I don't have any credit cards because I don't care about the rewards. I'm still intellectually capable of understanding that they're good if you're not retarded and irresponsible. I already pay all my other bills on time and have no interest in using one to live beyond my means. Getting cash back on things like groceries or fuel would be good but I also just don't really care because I'm not a poorfag.
t. voted to enter a trade war with Canada, shrink the economy, and cancel his own student loan forgiveness because an obese clown told him Haitians were eating cats in some midwestern shithole
All of those things are good, so not sure what you're complaining about
I didn't vote.
Why would you use a credit card when the benefits are total trash?
Yeah, but here it's seen as a good way to build credit by just setting an auto-pay from your bank at the end of every month. If you do it right you legit can make money off of it, but it still doesn't excuse how our fast and loose financial system fucks over so many.
Eating cats isn't good.
After all as my co-worker put it.
"You either play the system or it plays you."
And then some shit happens like in 2008.
Yup! And the whole world has to deal with the careless mistakes of our elite.
free credit cards aren't really a thing here, you have to pay for them in every bank, also whats the problem with just using a debit card?
Jesus. I can imagine the amount of desperate people who say fuck it and just go debt maxxing.
Here everything from taking a car loan, getting a mortgage, buying something on credit (with like Klarna) etc is decided by you income.
Any previous credit/debt in your name (like a credit card) is a negative.
You need it if you need to rent a car. It's also easier to get other forms of financing if they already have a record of you
Yeah, the people who do that usually end up regretting it though. While they can't FORCE you to pay, they can 100% make your life shit by constantly harassing you with debt collectors. Some people in it bad try to change identity, and move to another city. Unfortunately it also makes getting a loan or approval for anything financial is impossible for them at that point.
No you don't understand, I need 5% off gas and Mountain Dew at McShartstations and double airline miles in order to visit my wife's son
I am the one benefitting from owing 30k to creditors, you're just a communist
my mom refused to get a debit or credit card when they were introduced because she believed it was the mark of the beast spoken of in Revelations
Any previous credit/debt in your name (like a credit card) is a negative
Outstanding debt is a negative everywhere, though.
they are not good. all the benefits you list rely on poor and dumb people doing poor and dumb descisions. now i dont care much about poor and dumb people, but i make damn shure soros, musks and trumps dont make money on me. maybe you make a few dimes today using their scheme, but you would make more refusing to play their game at all.
Remember SMS loans?
45% interest, short term, aimed at the most gullible/desperate people, took 5 minutes to get the money in your account?
Yeah.. Friend of mine fucked himself with those back in the early 2000's.
the only acceptable thing to go into debt for in my country is a house and in recent years a car (this is due to the bad economic climate though, when I was growing up this wasn't a thing, my dad paid upfront for all of his cars except his last one)
Do they also tend to target the poorest people like they do here?
borrow money
pay it back
somehow this is too hard to comprehend for your average 4nigger
Credit cards can have their uses but for most its just people deluding themselves they got more money than in reality and they end up living paycheck to paycheck before the bank takes their mercedes e class to make up for the debt
Yep. Usually students and single adults with poor impulse control.
Today they aren't advertised as hard but 10-15 years ago they had ads everywhere from TV to billboards.
need extra money?
take a loan, money on your account in 5-10 minutes -problem solved!!
use the money you actually have to pay for things instead
why is this concept so hard to grasp for third worlders?
I use a credit card for big purchases because you get better protection against scams or faulty goods here.
If you buy something worth over £100 and the retailer fails to deliver, or it breaks, or anything goes wrong the credit card provider is responsible for chasing the company instead of you having to do it. You just get refunded by the bank.
Does the UK not have a consumer protection agency? Or is it dysfunctional like ours?
That'd be good if everybody was financially literate, but lots of people here (especially poor people) simply aren't. It's not taught in schools because if people are too smart then the scams wouldn't be as profitable.
Except you have a credit limit that's usually pitiful unless you've already been a good goy for years
It's not taught in schools
Honestly, same here. We learn how to cook and paint and shit but they don't mention a damn thing about income, taxes, loans or anything. Not even the basics.
Nobody said anything about interested free monthly installments? Thats like the one actually based thing about credit cards
Americans have to pay money to open bank accounts, then pay a monthly fee to keep them open, and then on top of that, they have to take out a constant string of loans to buy mundane items like groceries and haircuts in order to build up their credit score, otherwise they will never be able to get a mortgage or rent an apartment.
Additionally, they will continue to defend this system, even as credit card debt passed $1T USD as of last year and defaults are the highest since 2008.
Several reasons. Certain people (let's not name names) benefit from the majority being ignorant and/or gullible. And while they may not run the world outright, they do have the financial means to influence politics, if they aren't already embroiled in it themselves
use your debit card to pay for everything
your savings in your bank account gets annihilated every month because you pay for everything out of your own pocket
Only low-income poorfags/brokies kvetch and complain about how "predatory" a credit card is and how it "forces" you to use it instead of yoyr debit card instead of actually strategizing when and where they should use their debit/credit cards imo.
Financial Literacy is a hard topic to learn and embrace, especially once you leave the classroom and you're faced with people who don't see it that way.
Why would you pay using money you don't have? That's just asking to be put in debt. Debit accounts have overdrafts if you really need something expensive before your next paycheque comes in.
use your credit card for everything
your savings get annihilated every month because you need to pay for the stuff you bought all month
oops you spent more than you thought and now you're trying to overdraft your account by hundreds, so now you're in debt lol
jews rule europe. stay mad
Unless you're a child or white trash, using a credit card shouldn't be a problem.
Well yeah, that's why I don't honestly blame dumb poor people who fall into debt. How are they supposed to know any better when they get targeted by people who benefit from keeping them in the dark? It's like blaming a 90 year old tech-illiterate grandmother for falling for some Jeet scam.
I want to test a theory. If you have a credit card please answer the following question.
Have you even been swayed/convinced to buy something just by seeing an advertisement?
Poles are renowned for their denbt-paying abilities
your savings in your bank account gets annihilated every month because you pay for everything out of your own pocket
you still either pay off the credit card every month which is the same fucking thing
or the bank charges you interest meaning everything costs more and you're a retard.
Debit accounts have overdrafts if you really need something expensive before your next paycheque comes in
We just have "buy now, pay in 30-90 days" without interest options here for emergencies.
>Have you even been swayed/convinced to buy something just by seeing an advertisement?
the real issue is credit cards scrape a retardedly huge amount off of every transaction, but most merchants don’t give discounts for using cash, effectively raising the price for everyone
I just withdraw money and and pay in cash but that's because i dont trust the cashier not to be an illiterate highschool dropout and add a 0 to my order
Polaki thread about
[_] Polska
[_] Russia
[X] USA
[_] Germany
being this retarded that you use your credit card for ALL payments you make instead of planning out which goods or items are to be paid using your credit or debit card.
start shitting and crying when the consequences of your action bites your ass
That's true too. Your environment also plays a part in how you develop and grow your financial savviness. Then again, there shouldn't be any reason for your average layman to not know this since the internet exists.
Oh fug, the OP is not a Polak. Sry.
see, I used a debit card for a long time but then switched to a credit card and now I save 1.5%...
how am I being stupid for getting a 1.5% discount....
if I used my debit card instead of the credit card, all I would be doing is saying I don't want a 1.5% discount....
I got the best rated credit card in the entire Nordics (Bank Norwegian)
Best rated?
Assuming it's the same one they offer here, it's not particularly appealing. 0.5% cashback, main thing is free travel insurance if you buy your flights/accommodation with it. Better than debit at least. Morrow bank's card offers 2% cashback here if linked to curve (limited to 200€/year though, so 10k yearly spending), but it seems like the offer is worse in Sweden based on their site. That's my main card for payments.
Also got a third one (platinum card from a Finnish bank) for unlimited free lounge visits at airports. Plus some other stuff. Very convenient for travel.
I pay 0€ for all of them. Using a debit card is just pointless.
Credit card companies make their money by charging fees to companies that enable payment by card. In other words, the supermarkets or clothing stores that you normally use are selling you their products for an additional fee. Whether you have a credit card or not, you are still paying the extra fees. The only way to avoid being squeezed by the companies is to have a credit card and get a refund.