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I live in a country where credit cards can't carry a balance. Everyone pays them off every month. If you need a loan, you ask the bank. In the absence of cre
by rando444 7y ago
I live in a country where credit cards can't carry a balance. Everyone pays them off every month.
If you need a loan, you ask the bank.
In the absence of credit card interest rates, we pay yearly fees for cards depending on the rewards offered by each.
It's kind of the best of all worlds if you ask me.
- sethgecko 7y agoWhat if you don’t pay?
- ddingus 7y agoSeems simple. No credit, until you do.
- rando444 7y agoIf you can't pay your bill in full, you work out a plan with your bank to pay your debt back over time. Your credit card limit was already determined by your income, so the possibility for individuals to get themselves into financial trouble is rather low.