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Its probablly ok if you live in Norway and your not poor and have a good credit rating, other wise your going to have to go with a prepaid solution that is full
by newaccountfool 12y ago
Its probablly ok if you live in Norway and your not poor and have a good credit rating, other wise your going to have to go with a prepaid solution that is full of transaction costs. The same with traveling to these countries.
At DEFCON last year I took two bank cards, that I had loaded with funds...big mistake transactions for ATMS and using POS systems were very high.
I don't think this is a good idea if you are forced to go with a card to go with everyday transactions.
- elektronaut 12y agoDebit cards are the norm here in Norway. I pay 275 NOK/year for mine, with zero transaction fees on everyday usage.
- newaccountfool 12y agoYou have to pay for a Debit Card? What's the reason for this?
- gst 12y agoYou pay for debit and credit cards in most European countries. One reason is probably that the fees paid by the merchants for card processing are much lower than in the US. So while a bank in the US is happy to give you a free credit card in the US, because it knows that it gets the money back via the fees paid from the merchants, a bank in Europe won't be able to break even with that approach.
- newaccountfool 12y agoI'm from the UK and have never had to pay anything for opening up an account and using a debit card.
- Kiro 12y agoSo why are you talking about prepaid solutions? That's not how it worked when I lived in the UK. I had a normal debit card tied to my bank account, just as in the nordic countries. Nothing to do with credit rating either.
- Squarel 12y agoI am in Denmark, and pay 0 fees for my debit card. Seeing as I am a Masters student, so living on the student payments we get here, and my partner is unemployed, if I had fees, I would not use it.
- Kiro 12y agoAbsolutely not true. Everyone can get a debit card which deducts from your bank account without any fees and is accepted everywhere.
- newaccountfool 12y agoComments below state other wise.
- engang9955 12y agoComment above was about _transaction_ fees, i.e. fees you pay on a per-transaction basis. Comments below are about fixed yearly fees. There is no contradiction, they are talking about different things.
- Squarel 12y agoAnd comments both above and below state that they pay 0 annual fees or fees per transaction (i.e., whilst the merchant may have a Dankort fee, and passes it on to ALL consumers, the number that I pay at the checkout is the same whether I pay cash, debit or credit card)