Does it make sense to have a credit card? Credit cards give greater flexibility than the small local bank. Visa and Master Cards are accepted worldwide.
A credit card is a payment instrument that allows you to pay for a purchase with credit instead of using your bank account. This means that no money is debited from your account, but the credit line granted to you is reduced by the price of the purchase.
How a credit card works
You don’t pay for a purchase you made with credit until you receive a credit card statement in your online bank, email or mailbox.
If you do not repay the drawn credit in full by the due date of the invoice, you will have to pay interest on the credit.
Advantages of credit cards
For many, credit cards are good alternatives to debit cards. Here is a brief overview of the many advantages that a credit card offers you:
Contactless payment (NFC function)
Secure online payment via 3D Secure
Purchase protection
Buy now, pay later
Short term loan
Withdraw cash free of charge
Worldwide acceptance
Not tied to specific bank
Nachteile von Kreditkarten
Besides the secure payment, worldwide acceptance and flexibility, credit cards also have some disadvantages. Here are the negative aspects at a glance:
