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Because I don't want to pay an extra 2% "tax" to the banks, for loans that I don't need? The only place I use a credit card is online. So i can pay quickly and

Because I don't want to pay an extra 2% "tax" to the banks, for loans that I don't need? The only place I use a credit card is online. So i can pay quickly and worldwide.

lmm 9y ago
How do you end up paying anything? I don't. A few shops charge a fee for using a credit card, in which case I'd use cash[1], but that's rare. [1] Not actually true, because I find the convenience of the card is worth it - but I understand people taking the opposite position.
- richardknop 9y ago
  There's a risk you miss the credit card payment and have to pay exorbitant fees. Why risk it, just pay with debit and there is zero risk.
  - lmm 9y ago
    I've got a direct debit set up to my bank account, so there's no risk of accidentally not paying (of course it's possible to overdraw my bank account, but that would be possible when paying by debit card as well).
    - richardknop 9y ago
      Yes I had similar setup when I had credit card in the past (when I worked in Hong Kong I had to open bank account with HSBC and my account came with Visa credit card, the debit card they issued was not Visa or MasterCard so did not work in many stores so I used credit card mostly). It was annoying as even though I setup automated direct debit I simply didn't have peace of mind. I don't trust HSBC systems to be bug free and a bug in their software which would not process by direct debit is something I'd keep worrying about. Much better not to have this additional subconscious stress. But if you are in UK or Germany or country like that there is no need for credit card really. Debit cards are ubiquitous and work everywhere (UK banks will give you a proper Visa/MC debit card, not some Mickey Mouse debit card which only works in ATMs).
      - lmm 9y ago
        > But if you are in UK or Germany or country like that there is no need for credit card really. There's no need, indeed. But as I said, a month's grace on paying for everything and free plane tickets every so often.
- Double_a_92 9y ago
  Shops make everything slightly more expensive if most people use a credit card... So you still end up paying for it.

Because I don't want to pay an extra 2% "tax" to the banks, for loans that I don't need? The only place I use a credit card is online. So i can pay quickly and worldwide.

lmm 9y ago

How do you end up paying anything? I don't. A few shops charge a fee for using a credit card, in which case I'd use cash[1], but that's rare. [1] Not actually true, because I find the convenience of the card is worth it - but I understand people taking the opposite position.

richardknop 9y ago
There's a risk you miss the credit card payment and have to pay exorbitant fees. Why risk it, just pay with debit and there is zero risk.
- lmm 9y ago
  I've got a direct debit set up to my bank account, so there's no risk of accidentally not paying (of course it's possible to overdraw my bank account, but that would be possible when paying by debit card as well).
  - richardknop 9y ago
    Yes I had similar setup when I had credit card in the past (when I worked in Hong Kong I had to open bank account with HSBC and my account came with Visa credit card, the debit card they issued was not Visa or MasterCard so did not work in many stores so I used credit card mostly). It was annoying as even though I setup automated direct debit I simply didn't have peace of mind. I don't trust HSBC systems to be bug free and a bug in their software which would not process by direct debit is something I'd keep worrying about. Much better not to have this additional subconscious stress. But if you are in UK or Germany or country like that there is no need for credit card really. Debit cards are ubiquitous and work everywhere (UK banks will give you a proper Visa/MC debit card, not some Mickey Mouse debit card which only works in ATMs).
    - lmm 9y ago
      > But if you are in UK or Germany or country like that there is no need for credit card really. There's no need, indeed. But as I said, a month's grace on paying for everything and free plane tickets every so often.
Double_a_92 9y ago
Shops make everything slightly more expensive if most people use a credit card... So you still end up paying for it.