General > General Technical Chat

Credit Card, Bank Card NFC. The most useless function every invented

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twospoons:
Plenty of low-margin retailers wont accept credit cards because the transaction fees just about wipe out any profit. I've heard Amex is particularly bad - higher fees and slow to pay.

Monkeh:

--- Quote from: Bassman59 on March 16, 2022, 09:04:39 pm ---Really, there's no good reason to use a debit card for purchases. Use a credit card, get the consumer protections/warranty extensions/etc the card issuers give as benefits.

--- End quote ---

Some of us get consumer protections and reasonable warranties as a given, instead of a benefit of placing oneself into debt to a private company which doesn't care about you.

SiliconWizard:
That may depend on your country. Over here, debit cards have good consumer protection. The thing to be aware of though, is that the "higher end" the card is, the better the protection (like those "premier", "gold", "platinum" cards). And yes, those are available as debit cards too, at least over here. Not sure about the USA.

Berni:
I just use a debit card all the time.

Here in Europe i don't really see the benefit of a credit card other than getting a cheep 1 month loan of money.

A few years ago i had to do some google research on what this "cashback" thing even is, because i got a foreign issued card and it shown cashback in the browser UI. It is simply not a thing here. Same for credit score. No such thing here. Your bank loans here get approved on the basis of providing paperwork that proves you have enough regular income to pay them every month. If you rack up too much debt you can get any assets to your name repossessed.

Debit cards also get fraud protection, they can have monthly limits etc... so they can't just drain you whole bank account in the case of fraud. For internet payments i use a separate prepaid visa debit card where i can transfer funds using my banks web ui. I only keep a few hundreds of Euro in there, so that is the most i can loose to fraud anyway.

Marco:
Because of the recent EU law making credit card surcharges illegal credit cards are slowly going become the norm just as in the US (just as the US is removing similar laws and already has precedent making forbidding surcharges by contract invalid).

Extra insurance and easier chargeback are good services, if you pay for other people using credit cards you might as well derive benefit from it. Sucks to be forced into it by corrupt Eurocrats, but it is what it is.

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