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Buying things that are not needed with the money one doesn't have = credit cards. That's the beauty of credit cards. It increases the spending in economy. With
by raincom 3y ago
Buying things that are not needed with the money one doesn't have = credit cards. That's the beauty of credit cards. It increases the spending in economy. With debit cards, one has to spend within their means.
- pepa65 3y agoAnd I think CC users (and more in general, the US populace) are more used to having debt. If you use a debit card, nothing needs to be paid back or remembered. With a credit card, you have to make sure that every month you clear your debt, otherwise you're starting to incur juicy fees -- this is what banks hope for! If you do clear your debts faithfully, you're having free very short terms loans every month..! But, being human, circumstances can happen where a monthly debt repayment does not happen, and then: kaching! But many people do not pay everything back every month, and this is a good money maker for banks.