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2 in 5 U.S. credit card holders have topped out their spending limit, report finds
(www.cbsnews.com)
this post was submitted on 17 Oct 2024
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It's so crazy to have credit cards, we call them that here in the EU too but there is usually not much "credit" on them and you're supposed to be on the plus side... What a wild idea.
Can you explain what you mean by being on the plus side? You're supposed to have a balance on a credit card, like it's a debit card?
My credit cards I've had in Germany/Austria were all basically glorified debit-cards which had their own bank account attached to them. Technically I had a credit limit of a couple thousand, but I never went into the negative.
The only difference (for me at least) was that I could use them to rent a car, which is nice.