The problem as I see it is that you pay your credit card bill only once a month which gives you no bearing on your effective balance. This is mostly a problem for lower and middle income people who live from paycheck to paycheck.
> makes no sense to pay right away when you can pay with no interest 15 days later on average.
Why in a pray tell would you favor late payment? Why would I create myself a chore for an end of a month if I can just pop a card, pay and see the transaction in e-banking right away? If it is auto-charge by the end of month, why not charge it right away?
You are gaining absolutely nothing.
> In an inflationary fiat currency system it's always better to defer payment assuming you can manage your cashflow and you're living hand to mouth
What are you talking about here. We are talking about people paying with euros.
> Why would I create myself a chore for an end of a month
Do they not have direct debit where you live?
>If it is auto-charge by the end of month, why not charge it right away?
Because there's no way I'm going to keep anywhere close to that much money on my debit card? Because the credit card won't get randomly locked while I'm trying to pay a 40k euro hotel room bill in Asia? Or if it does, I can switch to another credit card or deal with reasonable customer service.
If you're only making small payments, of course it doesn't matter. If you're regularly spending significant amounts of money, doing so with a debit card will be a huge pain in the ass and an unnecessary risk.
Notably, the IRS refused COVID relief applications using a debit card for identity. Stupid as fuck policy considering they're all connected to the main two credit processors.
Some Europeans meaning people in Germany? Most people have debit cards from our normal banks here, credit cards are generally associated with companies like Revolut or Klarna, as they push ads for getting credit cards.
