return2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 months ago2 in 5 U.S. credit card holders have topped out their spending limit, report findswww.cbsnews.comexternal-linkmessage-square18fedilinkarrow-up182arrow-down12cross-posted to: news@lemmy.world
arrow-up180arrow-down1external-link2 in 5 U.S. credit card holders have topped out their spending limit, report findswww.cbsnews.comreturn2ozma@lemmy.world to A Boring Dystopia@lemmy.world · 2 months agomessage-square18fedilinkcross-posted to: news@lemmy.world
minus-squareValmond@lemmy.worldlinkfedilinkarrow-up2·2 months agoYoure supposed to not be in debt, even if you’re allowed, that’s like the general consensus.
minus-squareBruceTwarzen@lemm.eelinkfedilinkarrow-up3·2 months agoSo are americans just not understanding credit cards or do they just not care?
minus-squareMr_Blott@feddit.uklinkfedilinkarrow-up3·2 months agoI commented once about what a ripoff credit cards are and how they haven’t really taken off in other countries because they’re basically a scam. I got verbally attacked by people telling me how great they are because they give you cashback They genuinely thought the credit card company was giving them free money lmao Basically the financial wherewithal of Liz fucking Truss
minus-squarehenfredemars@infosec.publinkfedilinkEnglisharrow-up1·2 months agoIt’s a system designed to prey on vulnerable people. The world would be much better off without these cards.
minus-squareStayDoomed@lemmy.worldlinkfedilinkarrow-up1·2 months agoA lot of people don’t understand them. Others don’t care, thinking they will deal with the debt later or never. American basic education in math doesn’t really cover financial math much.
minus-squareValmond@lemmy.worldlinkfedilinkarrow-up1·2 months agoYou use the money you put in your bank account and that’s it.
minus-squareDrusas@fedia.iolinkfedilinkarrow-up1·2 months agoThat is a debit card, not a credit card. We also have debit cards in the US.
Youre supposed to not be in debt, even if you’re allowed, that’s like the general consensus.
So are americans just not understanding credit cards or do they just not care?
I commented once about what a ripoff credit cards are and how they haven’t really taken off in other countries because they’re basically a scam.
I got verbally attacked by people telling me how great they are because they give you cashback
They genuinely thought the credit card company was giving them free money lmao
Basically the financial wherewithal of Liz fucking Truss
It’s a system designed to prey on vulnerable people. The world would be much better off without these cards.
A lot of people don’t understand them. Others don’t care, thinking they will deal with the debt later or never.
American basic education in math doesn’t really cover financial math much.
But how does it work, then?
You use the money you put in your bank account and that’s it.
That is a debit card, not a credit card. We also have debit cards in the US.