/biz/ - Business & Finance

i live in europe and credit cards are based and redpilled if you're not a brainlet
in my country there are cards with no annual fee and with various perks like cashback (usually cucked to 0.5% though because of EU regulations), no currency conversion fee, discounted/free cash advance, free cash withdrawals, discounted split purchases into monthly payments
you don't pay any interest rate if you pay the bill on time
t's just free liquidity so that you can have more money invested instead of keeping a lot of cash for emergencies and getting cucked by inflation

>>50838728
The US is a debtmaxx country, so naturally credit cards are mandatory

>>50838728
yes you can use a debit card.

one of the biggest scams that (((they))) ever performed was in the naming of those two cards, for you see the names are switched

>the credit card puts you into debt
>the debit card uses credit

>>50838728

unironically filters poorfags and basketball americans

>>50838931
*mind blown*

>>50838931
>one of the biggest scams that (((they))) ever performed was in the naming of those two cards, for you see the names are switched

>the credit card puts you into debt
>the debit card uses credit

these are the people you listen to for financial advice

>>50838999
>999
>this post was written by clasped hands
basically 666, you fiend.

They are not required in the us. You can use debit if you want

It's just better to use credit over debit

>>50838728
We live off of debt. It's a way of life for burgers.

>>50838855
mfw getting 4% cashback on my crypto card with wirex premium

>>50838728
>I have never (and never will) borrowed money for anything
not even for a mortgage on a house?

>>50838728
>another retard doesn't like free money
yes yes smug europoor kun you're so virtuous for not borrowing money even though they pay you to do it
i wish we had the finance options americans do in the uk

I use a credit card truly to spite small business owners. Anytime I go into the liquor store, I always pay with my American Express card even though I usually have a few hundred dollars cash on me and any given time. The pajeet clerk always gets mad and says I should pay in cash next time or he won't service me unless I buy over $200 worth of merchandise. I've done this five or six times and he has done basically nothing about it. Lol

New Worlders need to fill the void in their culture and social soul with vapid self-unaware purchases. THEY MURDERED A WHOLE CONTINENT HAHAHAH AND NOBODY TALKS ABOUT IT!

Most of the time in the US, a debit card works just fine, and a credit card is not needed. Car rentals & hotels do sometimes require a a credit card; apparently if you end up trashing the car or room it is easier to charge extra fees to a credit card than debit. There is also stuff like parking tickets and whatnot for rental cars. If you do not have a credit card, some rental places will be fine with debit, and others will be okay if you pay a larger deposit.

>>50838728
credit cards can be very useful if you are not a retard but a lot of retards thinks are extra money and get credit cards without knowing how works
in the case of the americans have a adiction to get in debt so a credit is a must have for them

>>50838931
american education

>>50839694
>durr yurop never have any violence and war and genocide hurr durr

>>50838728
>You get 1-2% back from every purchase
>Sign up bonuses can be worth over $1000
>benefits are not taxable
>purchase protection, car rental insurance included
>fraud protection
>concierge service
>frees up cash for a month
>all of the above costs absolutely nothing if you pay off your card every month
Credit cards are pretty awesome actually. I've gotten about a dozen international flights for free from credit card bonuses.

Having a credit card is an IQ test.

>>50838931
Jesus fuck dude you literally just made me stupider. Debit is a DRAW on EXISTING FUNDS. Credit is BORROWING against funds YOU DON'T HAVE.

>>50838728
They brainwashed mutt golems into believing being in debt is normal so kikes can steal their wealth through interests

>>50839958
Europe is a mess of gashed bowels and shit covered infected broken testicles, but America poured bleach on their own minds and pretend every day to be actual human beings when there is nothing inside of their skulls.

>>50838728

Credit cards require a credit check to get. Exceptionally shitty people do not qualify for credit cards. This allows hotels and rental cars to efficiently filter out the riskiest consumers without breaching discrimination laws.

Rental car is one of the few situations I can think of where you actually "need" a credit card. For 98% of situations a debit card will get you by just fine.

US credit cards actually offer decent rewards too, so if you get points back and don't carry a balance, it puts a little extra money back in your pocket.

I just use cash and debit cards, I have no debt except a mortgage I could pay off in cash If I wanted to. My credit score has suffered because of this, but I don't give a shit.

>>50839610
But why would he get mad? What's the downside for him, assuming he still gets his money at the end of the day?

>>50838728
Debit card might not work with a rental place

>>50838728
Americans need to show their overlords what good goys they are when they borrow money and pay it back, much like a dog bringing back the ball to its owner, unquestioning on why he does it. Their rulers implemented a credit scoring system based on how well they can be trusted with a loan. No or a low credit score means you’re a bad goy, and a high credit score means you’re a good little pet that would never betray its master.

It’s how things work in the land of the free. You wouldn’t get it as an outsider.

>>50843721
The businesses pay the 1 or 2% credit card fee you dingus
Why do you think the credit card companies can give you all those benefits and cashbacks?

>>50843721
because he will only get his money after x days (in my country it is 30 days) and his profit will be cut as he will automatically pay the processing fees

>>50843721
>muh 0.5% fee
Anon is trolling, merchants wouldn't take Amex if it wasn't still profitable and don't really give a shit about such a tiny percentage

>>50843960
>Why do you think the credit card companies can give you all those benefits and cashbacks?
From the people paying interest you fucking retard, they offer you free money to deliberately take a loss on the few people who use it responsibly to draw in the much greater number of retards who will go in debt and pay 20% APR

>>50844103
>tiny percentage
When your margin's only 5% then 0.5% is 10% of your profits
You're a moron if you pay by credit card in family restaurants and such that you actually want to support

>>50839457
how? I only get 2% with my double cash back from cities (2 is very good tho still

I opened 8 credit cards in the past 18 months and only use 2

Is my credit score fucked?