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Well, if there is such a thing as _the_ feature of credit cards, it's credit, as in deffered payment. Reversibility has its pros and cons. Similar to censorship
by dmos62 6y ago
Well, if there is such a thing as _the_ feature of credit cards, it's credit, as in deffered payment. Reversibility has its pros and cons. Similar to censorship and centralization. Until crypto, you didn't really have a technological means to prevent it, so it being popular in the fiat financial systems doesn't say anything.
- ziml77 6y agoDepends on who you are. For me the features of a credit card all revolve around convenience and risk minimization. Convenience in that I don't have to fumble around with bills and coins. Risk minimization in that US laws give me far more protection from fraudulent uses of my credit card than fraudulent uses of a debit card (and stolen cash is just gone for good). Only once have I ever use the deferred payment aspect of a card, and that was a 0% APR offer.