4 ms·
> Every European I know pays their card off every month, so this tactic is much less lucrative; better to increase security in that case. What do you mean? Cr
by sofixa 4y ago
> Every European I know pays their card off every month, so this tactic is much less lucrative; better to increase security in that case.
What do you mean? Credit cards are incredibly rare in European countries, and all that i know of don't have any option outside of paying it in full at the end of the month.
- Symbiote 4y agoDon't generalize across Europe based on narrow experience in one or two. It's easy to see there's a huge variance in people with a credit card. Even the 5% rate in Albania is hardly "incredibly rare": https://www.statista.com/statistics/968220/credit-card-ownership-rate-european-countries/ https://www.statista.com/statistics/968220/credit-card-owner... Picking the lowest EU country on that list (Lithuania, 12%), the first bank I found has a 45 day interest-free credit period, and a 14-17% interest rate if you borrow for longer: https://www.seb.lt/en/private/cards/mastercard-standard https://www.seb.lt/en/private/cards/mastercard-standard
- lucideer 4y agoI live in Europe, have two credit cards (& know many people with CCs), and there's no requirement to pay it off each month. Possibly a per-country thing?
- kube-system 4y agoCards that are required to be paid off each month aren't credit cards by definition, because they aren't extending any credit. Those are charge cards.
- sofixa 4y agoI can assure you that my American Express is marked as a credit card everywhere, even though it autopays itself automatically at the end of each month.
- deleted 4y ago[deleted]
- kube-system 4y agoYou may want to review the fine print. AMEX offers both types of card, but "credit card" and "charge card" (sometimes "purchasing card") are meaningful financial terms. AMEX used to offer primarily charge cards back in the day, but they've changed many of their cards to credit cards these days.
- sofixa 4y agoIt literally says credit card on their website, app and the card itself, so I don't think Amex France care about the distinction.
- kube-system 4y agoDoes your particular card offer credit as a feature? This is how some of the US cards are, they sort of position the credit feature more like an "option" compared to what other issuers do. Because it is offered at all, it is a credit card, even if you pay the full balance normally. FWIW, all the cards I see on their French site are described as: > Une carte de paiement internationale à débit https://www.americanexpress.com/fr/carte-de-paiement/types-cartes/cartes-proprietaires/ https://www.americanexpress.com/fr/carte-de-paiement/types-c... and a search for 'crédit' returns no results.