4 ms·
"In the same way i think that a lof of things like computers, tvs, holidays would never get bought without the existence of credit cards." Would you mind expla
by badosu 10y ago
"In the same way i think that a lof of things like computers, tvs, holidays would never get bought without the existence of credit cards."
Would you mind explaining why that would be the case?
- digi_owl 10y agoLikely seeing that the up front cost would be too high for anyone to save up for them. Never mind that paying through installments or similar existed long before credit cards came about. I guess the one thing that credit cards did was that they moved the arrangement from being between seller and buyer to be between buyer and card company. so rather than having to get a installment plan set up for every purchase, one instead get them all bundled onto the card account.
- badosu 10y agoI'd imagined so. I was surprised by that affirmation as it does not seem very obvious to me. I guess that one thing that might get confused is the cultural shift of enabling debt accumulation without direct relation of shame with the seller to the actual buying possibilites.