Part of the reason why they are uncommon is that credit cards can't be abused in Germany like in the USA. There is a law that every credit must be repaid (I think it was 3 month) from the date of purchase. That law mainly kills the reason to buy stuff now and pay several month later. It may be a european law as well but it definetly is a german one. The only way to avoid these 3 month is to take a loan or a pay-rate plan with your bank or the shop where you buy something.

That plus the german banks are quite strict on who get's one. Several credit card companys need a regular income or other guaranties to even give them to the customers. That certainly doesn't improve their view in the mind of the customer.

Last edited by MAsterX; 24/06/09 03:18 AM.