No, you're still not getting it. They aren't simply policy/regulatory differences. They are fundamental differences in what debit cards and credit cards are. O

No, you're still not getting it. They aren't simply policy/regulatory differences. They are fundamental differences in what debit cards and credit cards are. One is a cash equivalent and one is a loan equivalent, and no amount of handwaving are going to make those the same thing. My point is that the credit card concept now survives because there's no will to kill it off since it's a convenient way to siphon money from the pool/less-financially-savvy to the well off. This is simply false and indicates a lack of understanding in what loans are or how credit cards work. Credit cards survive just fine in Europe without the points and other benefits.