3 ms·
In the us the credit card option has very strong statutory consumer protections. As a rule people should be using credit cards, not debit cards. I am fascinate
by foobiekr 4y ago
In the us the credit card option has very strong statutory consumer protections. As a rule people should be using credit cards, not debit cards.
I am fascinated by the ridiculous claims that this somehow makes things hard.
- mschuster91 4y ago> In the us the credit card option has very strong statutory consumer protections. As a rule people should be using credit cards, not debit cards. ... and pay a lot of interest to their banks as a result. Here in Europe, we don't need to pay interest for credit cards or worry about paying CC bills on time to avoid them, as we have strong consumer protection laws in general and SEPA direct debits can be clawed back no-questions-asked for three days.
- foobiekr 4y agoThat’s not how it works. If you pay it off in the month you pay $0. Maybe don’t be so confident.
- mschuster91 4y ago> If you pay it off in the month you pay $0. How many people have the financial discipline or the financial education? Banks are making a truckload of money on that not being the case.
- foobiekr 4y agoYou’re comparing to debit cards where there is no float at all. You were mistaken in your first post. Just go with it.