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Why on earth would I use my money (and the risk of fraud) when I could use the banks money, interest free for a month?

And if I have a dispute with a business, I can have the credit card company reverse the charge for me? If it's debit, that money is gone.

I would never use debit if I could use a credit card. The US system is far superior for consumers.



> The US system is far superior for consumers.

Consumers are also forced to pay for it, though. The transaction fee in the US is routinely 2-3%, while in the EU it's capped at 0.3%. Because of borderline anti-competitive behaviour from VISA and Mastercard, that fee is also not charged separately to creditcard-using consumers but integrated in the price, so everyone pays for it.


Only if you faithfully clear your debts every month. Are there any account types that do this automatically?? (Unlikely, I would think...)


Britain has/had a credit card culture in some ways similar to the USA, and the direct debit system explained in the article is usually used to pay the balance in full every month.

I think that's the same for credit cards in most of Europe. (They exist even if they aren't popular.)


Yes, you can set up auto-pay to automatically pay your bill in full every month.




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