61–70 of 75 posts
Earlier quoted context omitted.
You feel the need to take out a short-term loan for your soda purchase? The fact that a debit card isn't considered as good as (and further, that it's not assumed to be better than) a credit card is yet another bit of money horror.
In the US, I haven't seen a debit card that wasn't also usable as a "credit card" (VISA/MasterCard numbers) in decades.
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I have not many experiences as I am 19 and haven't switche banks, but my current bank requires a fee. See https://www.lzo.com/de/home/privatkunden/kreditkarte.html
INGDiba and Comdirect both offer free credit cards. Probably many more banks do as well.
https://www.ing.nl/particulier/betalen/creditcards/index.htm...
Comdirect does, but he is in the Netherlands.
To be honest, I always kind of lol at these kinds of rants. Wishing for the "one true payment system" is like thinking that everyone will switch over to speaking Esperanto in the near future. NEVER going to happen. Also, many of his gripes seem ridiculous. I don't know if the situation is different in Europe, but in the US I think pretty much everyone should have a credit card. You can use a secured card if you have…
I note, however, that in your first paragraph you dismiss the "one true payment system", and in your second, you pretty much advocate credit cards as that one true system.
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A short term loan that will be 0% interest if you pay the full balance every month? In exchange for greater security and in most cases points/miles? Credit cards aren't for everyone, but if you can pay the full balance every month then there's no reason to not use one.
> if you can pay the full balance every month then there's no reason to not use one And if the alternative is using a debit card, then by definition you can pay the full balance every month, because the money has to be there in your bank account before you can spend it with the debit card anyway. It's the same money either way, the only difference is whether it comes out of your bank account in little increments over…
"Only with a credit card. I am a student, I have no real world use for this kind of card" Yes you do, that vending machine you're standing in front of
You feel the need to take out a short-term loan for your soda purchase? The fact that a debit card isn't considered as good as (and further, that it's not assumed to be better than) a credit card is yet another bit of money horror.
1. pay with your own money.
2. pay with someone else's money, with no interest, and with various other advantages.
Why would anyone, ever chose #1?
To be honest, I always kind of lol at these kinds of rants. Wishing for the "one true payment system" is like thinking that everyone will switch over to speaking Esperanto in the near future. NEVER going to happen. Also, many of his gripes seem ridiculous. I don't know if the situation is different in Europe, but in the US I think pretty much everyone should have a credit card. You can use a secured card if you have…
Many people have aversion to actual credit cards because most middle-to-lower-class families have stories of family members going into financial ruin, exacerbated by or ending with credit card debt. "Just be responsible with your credit cards" is an easy mantra to live by if you are financially privileged.
Earlier quoted context omitted.
You feel the need to take out a short-term loan for your soda purchase? The fact that a debit card isn't considered as good as (and further, that it's not assumed to be better than) a credit card is yet another bit of money horror.
Debit cards are a dumpster fire in my opinion, at least if you own a car. When you use a debit card to buy gas they put a hold for a few hundred dollars, as if you were filling up the side saddle gas tanks of a huge pickup truck at $6 a gallon instead of filling up a compact. The holds last for days instead of the one minute it takes for me to fill my Honda, or the ten minutes it takes somebody to fill an Escalade. I…
Earlier quoted context omitted.
A short term loan that will be 0% interest if you pay the full balance every month? In exchange for greater security and in most cases points/miles? Credit cards aren't for everyone, but if you can pay the full balance every month then there's no reason to not use one.
> if you can pay the full balance every month then there's no reason to not use one And if the alternative is using a debit card, then by definition you can pay the full balance every month, because the money has to be there in your bank account before you can spend it with the debit card anyway. It's the same money either way, the only difference is whether it comes out of your bank account in little increments over…
Earlier quoted context omitted.
> if you can pay the full balance every month then there's no reason to not use one And if the alternative is using a debit card, then by definition you can pay the full balance every month, because the money has to be there in your bank account before you can spend it with the debit card anyway. It's the same money either way, the only difference is whether it comes out of your bank account in little increments over…
The reason credit cards exist - and why Visa and Mastercard are worth $800 billion - is that people, on average, do not manage their money effectively enough to come out ahead. Their average customers come out so far behind, instead, that the credit card companies can afford the occasional default and they can afford to offer rewards and the automatic 0% interest loans to try to entice more customers.