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by Olphs 1249 days ago
Credit cards are used in Europe too, but the credit part not so much, most people pay it in full end of month (or whenever their next bill comes)
1 comments

Isn't that how most people use their credit cards everywhere, or at least everywhere in the developed world? I thought the 20%+ interest was just a way to take advantage of you if you mess up and rack up too big a bill, or forget to pay your bill.
Anecdata, but I know multiple people that I associate with do caray a balance on their cards and by paying minimums. I don’t understand it, but then again I’m fortunate enough to have a software job that allows me to keep up with my social lifestyle without incurring debt.