News for hackers. Stuff that matters.

A comment on U.S. credit card debt jumps 18.5% and hits a record $930.6B. Parent comment

Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by makestuff on Friday February 03, 2023 @01:13PM (#34645386)
Yeah isn't this because visa and mastercard are the issuers, and the banks handle taking on the debt?

The exception to this is Amex who is the issuer and lender.

[ Parent | on HN ]
Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by lotsofpulp on Friday February 03, 2023 @01:23PM (#34645555)
Discover is also.
[ Parent | on HN ]
Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by midasuni on Friday February 03, 2023 @03:07PM (#34647029)
Discover is pretty much unheard of in Europe, amex has grown a lot in the last 10 or so years, it’s almost as common as visa/Mastercard for acceptance.

But my inference from futurama is very few outlets take discover even in the US?

[ Parent | on HN ]
Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by lotsofpulp on Friday February 03, 2023 @04:42PM (#34648123)
I would not say very few. All big businesses or franchises accept it.
[ Parent | on HN ]