Comments on: Differences in Credit Card Practices in the US and International Markets http://www.onemint.com/2009/12/17/differences-in-credit-card-practices-in-the-us-and-international-markets/ Helps You Make Better Financial Decisions Sat, 11 Feb 2012 17:32:04 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Flip Video Camera Giveaway Winners http://www.onemint.com/2009/12/17/differences-in-credit-card-practices-in-the-us-and-international-markets/comment-page-1/#comment-48935 Flip Video Camera Giveaway Winners Mon, 21 Dec 2009 01:50:37 +0000 http://www.onemint.com/?p=3253#comment-48935 [...] Differences in Credit Card Practices in the US and International Markets. Interesting read. The US relies on too much cheap credit – especially compared to our international peers. [...] [...] Differences in Credit Card Practices in the US and International Markets. Interesting read. The US relies on too much cheap credit – especially compared to our international peers. [...]

]]> By: Mr Credit Card http://www.onemint.com/2009/12/17/differences-in-credit-card-practices-in-the-us-and-international-markets/comment-page-1/#comment-48660 Mr Credit Card Fri, 18 Dec 2009 03:26:42 +0000 http://www.onemint.com/?p=3253#comment-48660 It's a shame if that happens. The anglo-saxon model is competitive. But unfortunately, humans do funny things when credit becomes available too easily. It’s a shame if that happens. The anglo-saxon model is competitive. But unfortunately, humans do funny things when credit becomes available too easily.

]]> By: Manshu http://www.onemint.com/2009/12/17/differences-in-credit-card-practices-in-the-us-and-international-markets/comment-page-1/#comment-48658 Manshu Fri, 18 Dec 2009 02:48:14 +0000 http://www.onemint.com/?p=3253#comment-48658 First off, thank you for the great post! I have used credit cards quite a bit in US and India, and I can safely say two things: 1. Credit card terms are more competitive (much more) in US than they are in India. It's relatively easy to get a cash back reward card in US than it is in India, and even when you do get a cash back card in India, the terms are such that often times your rewards would hardly be greater than your fees. 2. Credit card debt is a much bigger problem in the US than it is in India. The way things are headed, I personally feel that India is headed the way of the US, and in future a lot more Indians will be running big balances on their credit cards. First off, thank you for the great post! I have used credit cards quite a bit in US and India, and I can safely say two things:

1. Credit card terms are more competitive (much more) in US than they are in India. It’s relatively easy to get a cash back reward card in US than it is in India, and even when you do get a cash back card in India, the terms are such that often times your rewards would hardly be greater than your fees.

2. Credit card debt is a much bigger problem in the US than it is in India. The way things are headed, I personally feel that India is headed the way of the US, and in future a lot more Indians will be running big balances on their credit cards.

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