Quote:
Originally Posted by MaDalton
i'm not a specialist - but is there any significant difference in denials regarding debit vs. credit cards?
and isn't there maybe also a psychological difference?
like: with a debit card there's only that much money available and is needed for buying groceries - while with a credit card you might think something like "another $29.95 in debt - who cares"...
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Haven't used my credit card for years. They keep raising the limit though. LOL
Quote:
Originally Posted by MaDalton
the whole credit/debit card system works differenly over here - for example it is impossible to pile up credit card debt because every 30 days they withdraw your credit card expenses automatically from your bank account. and if that does not cover it you have a problem.
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When they took down the Iron Curtain here, they gave out credit cards like sweets. People ran up bills they couldn't pay back and it caused a lot of problems.
Don't know if it's changed but it used to be. If you want a $10,000 limit on your credit card you had to have $10,000 in your bank account. If it dropped below that the card was frozen. Could never figure that one out.
This was explained to me by our first bank manager here.
He also told me why it took so long to clear a check. The check had to go back to the issuing bank so they could check the signature. They had no fucking idea.
