GRS Home  Forum Home
Bank Rates Center
   Savings Account Rates
   Money Market Rates
   Highest CD Rates
Insurance Rates Center
  Auto           Health
   Life              Home
Mortgage Rates Center
  Mortgage Rates
  Mortgage Quotes

Last visit was:
A place for Get Rich Slowly readers to ask questions
and exchange ideas
It is currently Thu Apr 24, 2014 12:27 am




Post new topic Reply to topic  [ 7 posts ] 
Author Message
 Post subject: Credit cards abroad
PostPosted: Mon Jan 09, 2012 12:05 am 

Joined: Sun Jan 01, 2012 9:50 am
Posts: 98
After reading on GRS frequently about points on credit cards and how they can help you save money on travel and things I decided to look up some creditcard offers in my country (Netherlands).

Next to it being really hard to find any local credit card offers I noticed something else, which absolutely shows how different finances are done here. Absolutely every page about credit cards in Dutch that I've found starts with explaining what a credit card is, and why you would actually want one. "When you go abroad you'll need one". Which is in fact the only reason I have one. It's not even in my wallet, cause I wouldn't know where to use a credit card. Everything is paid with debit cards.

The funniest offer I found was: "No annual fee until you start using the card!"


Top
Offline Profile E-mail   
 Post subject: Re: Credit cards abroad
PostPosted: Mon Jan 16, 2012 4:52 pm 

Joined: Mon Jan 16, 2012 4:31 pm
Posts: 4
That's interesting. I credit card usage similar in the UK as well.


Top
Offline Profile E-mail   
 Post subject: Re: Credit cards abroad
PostPosted: Wed Apr 04, 2012 2:05 am 

Joined: Thu Mar 29, 2012 8:00 am
Posts: 5
Location: bogra
Wow!!! great opportunity... Funny too.


Top
Offline Profile E-mail   
 Post subject: Re: Credit cards abroad
PostPosted: Mon Apr 30, 2012 6:15 pm 

Joined: Fri Mar 30, 2012 10:15 pm
Posts: 22
Here in Japan everyone uses cash for everything. I have a Japanese "credit card" (according to the bank) but it's not really a credit card. It's simply a debit card which some extra features. I've been here for a year and I still haven't seen any "real" credit cards!


Top
Offline Profile E-mail   
 Post subject: Re: Credit cards abroad
PostPosted: Thu May 10, 2012 1:43 am 

Joined: Wed Aug 24, 2011 11:44 pm
Posts: 8
Location: Beijing, China
In China, more and more people are using the credit cards. Some people borrow money from the bank by the credit card. It's a bid risk, if you cannot pat it inmerdietely.

_________________
Beijing Steele Business Investigation Center


Top
Offline Profile E-mail   
 Post subject: Re: Credit cards abroad
PostPosted: Mon Jun 18, 2012 11:44 pm 

Joined: Mon Jun 18, 2012 11:08 pm
Posts: 1
interest rates would be more expensive.


______________________
http://nalasays.yolasite.com/-My Finance Blog


Last edited by ambermollers on Thu Jun 21, 2012 9:18 pm, edited 1 time in total.

Top
Offline Profile E-mail   
 Post subject: Re: Credit cards abroad
PostPosted: Tue Jun 19, 2012 8:27 am 

Joined: Sat Jun 16, 2012 2:11 am
Posts: 193
Here in Sweden debit card is far more common than credit card. Expences for the company (hotel, taxi, travel) ans so on is commonly payed with credit card.

One reson is there is no such thing as a FICO-score here. If I apply for a credit card the company will take a "credit control" that will state my income last three years, and weather I at any time last years did not pay debt or bills on time (number of times). The later, even if just once = big trouble.

If I sign up for a cell phone plan the operator want to se an income, but $7.500 yearly probably will do the trick.

There is no point in keeping credit open for a long period of time or acting strategically in any other way than: 1) pay bills and debt 2) make more money in order to raise "credit score". Two people making $ 100.000 a year (no credit bloopers past 5 years) can borrow $425.000 mortage on a house if they put in 15% down payment. Housing market here is still kind of crazy...


Top
Offline Profile E-mail   
Display posts from previous:  Sort by  
Post new topic Reply to topic  [ 7 posts ]  Moderators: kombat, bpgui, JerichoHill


Who is online

Users browsing this forum: No registered users and 2 guests


You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot post attachments in this forum

Search for:
Jump to:  
Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group
Theme created StylerBB.net & kodeki