/biz/ - Business & Finance

>>10231077
Explain to me why the average person would EVER use a credit card?

Go ahead. I'll tell you why they wont:

1. Its error prone. Swipe the wrong card and say good bye to your credit forever. You do realize we live in a society where check clerks and banks basically hold people by their hands? No one will want to use a system that risky unless they care about privacy. This brings to point 2.

2. Convenience. The only people who really give a shit about convenience are the people who already began to adopt it. The reality is that most people don't have the time or the interest to care about convenience. If you think people are going to majorly inconvenience themselves for the sake of convenience you're deluded.

3. People don't like to learn new things unless it benefits them. Doesn't matter if transactions are slightly faster and the fees are slightly less. The average consumer doesn't even realize that stores have to spend time going down to the bank to cash out their money when they buy something using a check. Why would they learn something so new and complicated?

So please tell me why people in first world countries would EVER adopt the credit card unless there was a financial collapse and checks became worthless.