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> I have a credit card, but not the american kind of credit card. I have the European kind that gets locked and blocked if it isn't paid off by the end of the b
by teh_klev 11y ago
> I have a credit card, but not the american kind of credit card. I have the European kind that gets locked and blocked if it isn't paid off by the end of the billing period (1 month).
That's sounds more like a charge card, kinda like an Amex. Your bog standard Visa/Mastercard credit card only locks and blocks if you don't pay the minimum repayment amount at the end of the month which is usually around 2.5% of the outstanding balance. There's nothing particularly "american" about this, it's pretty standard around the world.
- Swizec 11y agoI've had both Visa and MasterCard and they both behaved like that - if you didn't pay it off in full every month, it would block. And everyone I know who isn't American has said the same thing about their credit cards of any kind.
- jsnell 11y agoI have never heard of the behavior you describe. It's definitely not true of any of the credit cards I have from two separate European countries.
- kalleboo 11y agoI have several Swedish credit cards (MC&Visa) and none of them work like that - you can just pay a minimum and carry the balance for as long as you can bear the interest. Is there some specific country you're talking about? Banking is definitely not something you can generalize about "Europe" on, there are massive differences.