Visa MasterCard Discovery

Credit cards are handled differently in different cultures

[Monday, January 24th, 2011]

Most consumers in the United States of America think that using credit cards everyday is a way of life. With over 73% of the American population owning a credit card, it is quite natural to think it is the norm, or the most natural thing in having. However, the credit card habits vary vastly across the globe, and its time we learnt a few lessons, by making observations on how to handle money responsibly.

Previously, the American population did not really give credit cards much importance, however it has become fashionable to use this now demanded plastic currency. In other countries such as China, credit cards were mostly used to buy certain electronic items such as a computer or a television set. In Australia most of the respondents in the study stated that they used the credit card to make utility bill payments.

The French and the British prefer using debit cards to credit cards to do their online shopping, but in the United States credit cards are the main tool used for online shopping. Germans citizens utilize other tools such as PayPal and online transfers.

Bahrain, Turkey, Israel and Germany are generally reluctant to use credit cards and prefer paying by cash. The perception of money varies largely between cultures and economic situations also play a huge role, as some countries don’t have access to credit.

There is a lesson to be learnt here. The less a culture relies on the need of credit or credit card, the smarter they get with handling finances.

About Us | Contact Us | Privacy Policy | Terms of Use | Site Map
Copyright © 2001 - 2017 AllAboutCredit.net All Rights Reserved.

AllAboutCredit.net strives to keep credit card information up to date and accurate. However, all the credit card information is presented without warranty and can be changed by the credit card issuers at any time. Click the "Apply online" button to see the online credit card application and to review current credit card terms and conditions. Note that AllAboutCredit.net can be compensated by credit card issuers when the visitors apply for a credit card through the website.

* The AllAboutCredit.net webpage is a free service and an information resource for credit cards and financial products and services available to eligible United States consumers. AllAboutCredit.net does not offer any warranties and is not a direct service. There are no guarantees for approval or offers when applying for a credit card. Please refer to the application if you would like more information on each credit card. When you click "Apply" for a particular credit card, please take the time to review the terms and conditions of the product/service at the issuer's website. All logos on the AllAboutCredit.net website are property of their respective owners.

Information in these articles is brought to you by AllAboutCredit.net Banks, issuers, and credit card companies mentioned in the articles do not endorse or guarantee, and are not responsible for, the contents of the articles.