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If you are a private investor, you'd be better off looking for an investment book focusing on specific countries. Most investing is handled through national law (e.g. taxation) or specific exchanges. A general book about Investing in Europe would likely not cover the particularities of your target country as well as a dedicated book, doubly so for political ...


4

Rental cars In Germany, the only reason I ever use a credit card is to rent a car. Rental cars almost always require credit cards (I've rented cars in Iceland, Sweden, Germany, France, Spain, United States, and Canada). There is no other transaction I ever make for which I need a credit card, and indeed I almost never use a credit card for any other ...


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My view on credit cards (from Germany) mostly aligns with Douwe's answer. Here are some additional points: additional pros (I don't see any additional pros, but I may say that the "convenient in foreign countries" may also have the flavor that withdrawing foreign currency cash via credit card can be the cheapest option to pay in non-EURO countries. I have ...


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In the UK and I believe the rest of Europe you can make a claim against the credit card company as well as or instead of the company providing the goods or service. This is particularly useful when a company goes bankrupt between you paying for goods or services and receiving them.


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One CON that I haven't seen directly addressed is that, in general, spending significantly increases when a credit card is used. Depending on the study, this can range from a mere 12%-18% increase to a 100% increase. There was one study on vending machines where someone using a card would spend several times more what someone paying with cash would spend. ...


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Pros: A CC can be very convenient when travelling, especially to the US or other "credit card countries". A CC can be the only way to pay online for certain services, mainly from companies outside the EU. Your purchase might be better insured using your CC. (But chances are your bank or personal insurance already covers you, check first). Cons: Small ...


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The pros are: You're not spending your money until the bill comes in If there is an issue (fraud, refund, stop-payment) then your money is not tied up; the bank's money is You can get cash-back for purchases which you were going to make anyways The con is discipline, period. Psychologically you need to be responsible enough to not fall for the classic ...


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Free cash withdrawal worldwide was always the main reason for me. Not all credit cards offer that but some of them do and it is really convenient, zero transaction fees, zero conversion fees. Also, depending on the card again, the ability to combine it with Google/Apple pay takes convenience to another level (Pay with smartphone on contactless terminals, ...


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In the EU the main difference is that "some" debit card are debits. They can't be used for online payments. For the EU - "credit history" don't exist. Some countries have private companies that gather info about "bad credit" and that's all. Some countries have general database of financial commitments that "credit lender" can check and counter with ...


7

One of the reasons I don't see listed here is that for certain types of transactions you may need to reserve a large amount of safety deposit, which is convenient with credit card and might be difficult or impossible with debit. I was in the situation recently when I tried to rent a car for my vacation in UK. The calculated safety deposit the car company ...


33

The main advantages and cons have already been mentioned in other answers, and so I won't repeat them, but let me touch on a few other lesser advantages of credit cards. Credit cards protect against theft If someone steals your credit card from you it's a nuisance, but only a nuisance. Credit card companies won't charge you for fraudulent purchases made ...


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For me, the overriding Pro is that the money doesn't leave my bank account until I want it to. For example, my daughter was in school in China, and needed to quickly buy a ticket home, which she did. But the flight was cancelled even though the charge posted to the card. If this was a debit card, the money would be gone until the airline decided to refund ...


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Here is my answer to the question that may prove unpopular: Pros You can actually get some decent rewards by following the spending habits that your card direct you towards. For example there might be more rewards for spending at restaurants. Some card rewards are more valuable than others and while they are nice they are unlikely to make a material ...


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