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It's especially crazy because in most of Europe I am pretty sure a mere possession of a credit card is correlated with being more likely to get into financial t
by bluecalm 5y ago
It's especially crazy because in most of Europe I am pretty sure a mere possession of a credit card is correlated with being more likely to get into financial trouble.
I never had a credit card. Among my friends who do well financially most don't have a credit card or just got it because their bank offered a crippled debit card that wasn't accepted at hotels and car rental. They never use the credit line. On the other have out of the financially irresponsible people I know most have multiple credit cards and use them as a credit line in regular basis.
- hyperman1 5y agoMost people around here only have a credit card to deal with USA focused internet shops. I never used the credit possibilities of mine, felt worried when using it, and cancelled it when iDeal etc became more common on the net.
- nathanlied 5y agoCan confirm your experience. Although in my circles credit cards are more common due to kickbacks - big discounts at places you'd normally go to anyway, or straight up financial incentives. Everyone prefers debit however, and credit cards are definitely not the norm.