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by rootusrootus 1232 days ago
> I really doubt that many credit card holders are actually using the revolving credit in Europe.

Guessing you are in Germany and extrapolating?

It varies quite a bit by country. https://www.spendesk.com/blog/credit-card-statistics/

1 comments

No, not in Germany. I still believe revolving credit cards aren't something targeted at people who'll miss paying their balance in full in most of continental Europe, and issuers can't really base their profitability on that alone.

Ironically enough that's why a company like Klarna became so big over here, the whole "buy now pay later" concept is completely new to most low-income customers.