Lower-income earners and older people are more likely to say they've maxed out a card since the Fed starting hiking interest rates.
  • ECB@feddit.org
    2·
    2 months ago

    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.