Timeline for Explanations on credit cards in Canada
Current License: CC BY-SA 3.0
20 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Oct 1, 2014 at 21:29 | answer | added | Yamikuronue | timeline score: 1 | |
| Oct 1, 2014 at 18:10 | comment | added | BrenBarn | It may be that "carte de crédit" translates to the colloquial terms "plastic" or "a card" in the US. People may ask if they can "pay with a card" or "pay with plastic", without specifying whether they mean debit or credit. If that distinction matters, then the answer will mention it ("you can pay with a credit card but not a debit card"). The difference seems to be that in France these two kinds of "plastic" are apparently never separable, but in the US/Canada they are. | |
| Oct 1, 2014 at 10:49 | comment | added | Relaxed | Banks obviously make a difference in their fine print and call those cards “carte bancaire”, “carte de débit”, “carte de paiement”, “carte de débit/crédit”, “carte visa”, etc. as applicable. Increasingly, you can also get both a credit card and a debit card on the same physical card (you get to choose if you want to use the credit facility directly on the terminal at the point-of-sale). | |
| Oct 1, 2014 at 10:48 | comment | added | Relaxed | @MikeScott In France people typically call any Mastercard or Visa-branded card a “carte de crédit”, whether it's direct debit, deferred payment or an actual credit card (with installments and interest to be paid). Most people get one for the ability to pay abroad and online, not really for the credit aspect. So a “carte de crédit” isn't a debit card either, it can be both a debit card or a credit card depending on which one you get and how you use it. | |
| Oct 1, 2014 at 10:33 | answer | added | ChrisW | timeline score: 2 | |
| Oct 1, 2014 at 4:03 | comment | added | Guy Sirton | @MikeScott It doesn't need to be. In Canada banks are pretty competitive and you can get the basic stuff (checking/saving/credit card) for essentially free. You just need to shop around and don't get stuff you don't need. E.g. you'll get a certain number of transactions for free. A debit payment counts as a transaction but a credit card does not. So use cash or credit unless you enjoy paying the salary of the bank's CEO :-) | |
| Sep 30, 2014 at 21:40 | history | tweeted | twitter.com/#!/StackFinance/status/517066365237493760 | ||
| Sep 30, 2014 at 19:03 | comment | added | Xrylite | @ereOn Thank you for the quick response and taking the time to translate that. From what I can see, deferred debit card is the name. Likely the delay differs per bank, but that definitely helps out greatly. =) | |
| Sep 30, 2014 at 19:00 | vote | accept | ereOn | ||
| Sep 30, 2014 at 18:59 | comment | added | ereOn | @Xrylite: In France this option is called "paiement différé" which I would translate as "deferred payment". | |
| Sep 30, 2014 at 18:57 | comment | added | Xrylite | Maybe I'm not experienced with other banks, but the idea of pulling out all payments as one sum at the end of the month seems interesting to me. You'd expect that it would reduce over-drafting. Are there US banks that have this approach? Is there a naming convention for this? | |
| Sep 30, 2014 at 18:38 | comment | added | Mike Scott | Sounds like a "false friend" in the translation, then. "Demander" translates as "ask", not "demand". "Preservatif" means "condom" not "preservative". And "carte de crédit" means "debit card" not "credit card". | |
| Sep 30, 2014 at 18:35 | comment | added | ereOn | @MikeScott: In France, people call that a "carte de crédit" which is indeed the litteral translation for "credit card". Youngsters can also have a "carte de retrait" which only allows you to get cash from an ATM but not pay in stores or on the Internet (which seems closer to the debit card). | |
| Sep 30, 2014 at 18:34 | answer | added | Kate Gregory | timeline score: 17 | |
| Sep 30, 2014 at 18:33 | comment | added | Mike Scott | Is it really called a "Credit Card", in English, in France? UK debit cards are all Visa cards, but they're debit cards not credit cards. | |
| Sep 30, 2014 at 18:32 | comment | added | ereOn | @MikeScott: Well, it's actually called a "Credit Card" in France too (VISA or MasterCard) but indeed the behavior seems to differ. | |
| Sep 30, 2014 at 18:31 | answer | added | JB King | timeline score: 1 | |
| Sep 30, 2014 at 18:30 | comment | added | Mike Scott | What you have in France is not a credit card at all, but a debit card. Credit cards give you credit, which is to say that they let you spend money you don't have. But in general banking in North America is expensive and awful by European standards, so be prepared for a big disappointment. For example my UK bank lets me just set up a direct debit to automatically pay the full balance on my credit card each month (assuming I have enough money in my account), so I can't forget. | |
| Sep 30, 2014 at 18:17 | review | First posts | |||
| Sep 30, 2014 at 20:04 | |||||
| Sep 30, 2014 at 18:16 | history | asked | ereOn | CC BY-SA 3.0 |