When I finally understood how that system worked I also finally understood this weird trope in American movies where a character has a half a dozen credit cards in their wallet, and they burn through those as if it were free money for some reason. That never made any sense to me up until that point.
I’m not asking for pity, I knew what I agreed to and I’ll pay it but sometimes high interest revolving credit (credit cards ) only choice you have.
To build a credit score. When everybody lives in debt, it is expected for you to do the same.
See here for info:
PIN/contactless debit transactions go through VISA/MC here and they definitely cost less, see below.
However, not 100% sure about remote online/web transactions - most of those providers here are "contact for pricing", but e.g. BlueCommerce and Checkout.fi seem to have a single rate for card payments - though it could be the difference is just "averaged out" (like e.g. iZettle does for card-present EMV transactions: 1.95% for all cards).
Couldn't find an up-to-date English price list for Nets Finland, but here is a 2017 one in Finnish: https://ttlsystems.fi/wp-content/uploads/2017/10/SME_Hinnast...
Base rates: VISA Debit 0.41%, VISA Credit 0.91%, MC Debit 0.42%, MC Credit 0.92%. Additionally +0.04€ per transaction.
Remote transaction: +0.30%, foreign EU +0.10%, foreign non-EU +1.30%, corporate card +0.80%.
SumUp Finland: https://sumup.fi/maksupaate-hinta/
0.95% VISA/MC Debit, 2.75% credit cards.
It would be nice if the US had PINs like Europe does for credit cards.
I make around $1500-$2000 a year in cash back from my credit cards and $195 in fees. 6% back for groceries, 3% for gas, 3% on online shopping, and 3% for restaurants. All my household utilities and bills are run through my Delta card to collect miles and a $200 yearly voucher.
Some cards do offer this feature, all issued by credit unions as I recall. Spokane Teachers Credit Union, First Technology Federal Credit Union, and State Department Federal Credit Union are the three I know off the top of my head. Target's MasterCard version of its REDcard also has a PIN but you cannot apply for that card directly.
(I have cards from each of them, except SDFCU, and have considered getting that one simply because it would be a chip-and-PIN Visa card and I don't have that particular combination.)
Care to expand on that?
"International Credit Card" are a small fraction of the total -- under 5%. The vast majority of transactions by number and value are by debit card.
(The national/international distinction is between Dankort, the Danish card payment system only used on most debit cards here, and the foreign companies like Visa and MasterCard.)
(For international readers, in Denmark, unlike Germany, the national debit card can be combined with a credit card on one card and then the terminal just chooses automatically)
I can't get a credit card anyway since my income isn't high enough, and I wouldn't want one because they charge annual fees in Australia.
Banks in Australia run their own payments system, so it's possible to pay by card without going through Visa / Mastercard. Some cards issued by banks don't even have the Visa / Mastercard affiliation, but I think the Visa / Mastercard debit feature is needed it you want to make card-not-present transactions online.
They generally don't have any kind of linked reward points structure, but that's not a huge loss as most of those got nerfed after the ACCC changes a while back (see elsewhere in these comments).
I do have a Visa DC and a MC CC for redundancy if my bank is down, most people I know doesn't even get why.
(Seriously, people, these kind of statistics are extremely easy to find. No need to make them up!)