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Do you use a credit card? Why or why not? (discuss.tchncs.de)

submitted 1 year ago* (last edited 1 year ago) by [email protected] to c/[email protected]

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I know this might just reflect financial culture differences across countries, but let's give it a try

Edit: as a clarification, I meant credit card compared to debit, not to cash

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[–] virku 8 points 1 year ago (1 children)

Norwegian here.

People here with shitty economic sense overspend using them and end up in debt. People with good economic sense use them for most of their transactions to get cashback/other benefits like bonus flights, etc. Some credit issuers also negotiate good deals with shops where you get the reduced price if you pay with their card.

We also use them for better fraud protection (liability shifts to the bank) and we usually get travelers insurance from the card issuer if more than half the price of the trip is payed with their credit card.

[–] [email protected] 1 points 1 year ago (1 children)

Interesting. So among people you know, most of the people would use credit cards rather than debit?

[–] virku 2 points 1 year ago

In my circle yes. Mid 30s to mid 40s. Well educated.