View Single Post
  #4 (permalink)  
Old 08-28-2008, 11:00 AM
wblake wblake is offline
$ Saving First Grader
 
Join Date: Aug 2008
Posts: 5
Points: 70.00
Donate
Default

Quote:
Originally Posted by sweeps View Post
Charge cards aren't as popular because CC companies don't make money on interest charges.
They're also not as popular with consumers since you have to pay them off every month . North American attitudes towards debt and credit are different than many other places, which could be part of the reason there are more options in Europe, for example.

Amex and Diners Club are the only two charge cards I'm aware of in the US. You could reverse the process though and use a prepaid credit card. It doesn't give you quite the same freedom, but it serves essentially the same purpose - no credit card balance. You just have to pay before purchasing instead of after.
Reply With Quote