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>Are credit cards very common there? Much less prevalent than in the US. There are much fewer cash back/air miles/etc credit cards...actually, literally the on
by cr1895 9y ago
>Are credit cards very common there?
Much less prevalent than in the US. There are much fewer cash back/air miles/etc credit cards...actually, literally the only I'm sure exists is that for the department store De Bijenkorf. There may of course be more I haven't seen before.
Debit cards are the dominant payment method. Credit cards are most useful for things like hotels abroad, online shopping abroad (w/n Netherlands there is the iDeal payment system for online shopping). It's not uncommon to find shops that will not accept them.
- ensignavenger 9y agoIf there is substantially less consumer debt in the Netherlands, that could explain the difference in credit risk. It could be small enough there that banks just don't worry about the total load, and trust consumers to fully disclose things on their loan application.