> For vacation, we were used to going to money exchanges anyway so there was no need to get a bank card that worked outside of one's primary country.
Strong disagree, being able to withdraw cash at corner stores or pay with cards directly beats having to guess how much cash you need to exchange beforehand. And a number German banks have offered free credit or debit cards for decades.
> And even for those who have credit cards, they are "pay in full at the end of each month" cards, not American-style revolving credit cards. And stuff like the "cashback" cards of Americans, that's also not very common here since the "cashbacks" are actually paid for by the merchant on top of the interchange fee - but there's an EU law that places a hard cap of IIRC 1% on the merchant fees, so there is barely any way for banks to incentivise people to use credit cards.
True but that doesn't affect their usefulness as payment methods - EU customers can largely pay with "credit" cards just fine.
Strong disagree, being able to withdraw cash at corner stores or pay with cards directly beats having to guess how much cash you need to exchange beforehand. And a number German banks have offered free credit or debit cards for decades.
> And even for those who have credit cards, they are "pay in full at the end of each month" cards, not American-style revolving credit cards. And stuff like the "cashback" cards of Americans, that's also not very common here since the "cashbacks" are actually paid for by the merchant on top of the interchange fee - but there's an EU law that places a hard cap of IIRC 1% on the merchant fees, so there is barely any way for banks to incentivise people to use credit cards.
True but that doesn't affect their usefulness as payment methods - EU customers can largely pay with "credit" cards just fine.