Re:A Revolution in Money
by edanm on Wednesday April 02, 2014 @12:19PM
(#7516615)
No reason to apologise for asking for a source :) Always legitimate.
Unfortunately, I don't have one. I do live in Israel though and I can tell you that here, at least, most credit cards are used like debit cards (as I understand them). We do technically buy on credit, but pay up at the end of every month.
We do have one thing which, afaik, doesn't exist in the US, which is that we can "split up" a payment when paying for an item. E.g. you buy something for 100$, you can ask to pay in 2 installments of $50. That's pretty common, and usually doesn't cost anything extra for small amounts of installments.
Unfortunately, I don't have one. I do live in Israel though and I can tell you that here, at least, most credit cards are used like debit cards (as I understand them). We do technically buy on credit, but pay up at the end of every month.
We do have one thing which, afaik, doesn't exist in the US, which is that we can "split up" a payment when paying for an item. E.g. you buy something for 100$, you can ask to pay in 2 installments of $50. That's pretty common, and usually doesn't cost anything extra for small amounts of installments.