Why Europe Rejects US Credit Card Culture

Why do Americans rely so heavily on credit cards while Europeans use debit cards and cash? From credit card debt USA vs. Europe, interest rates, credit scores, cashback rewards, and banking regulations let's uncover why American credit card culture is so different—and who really benefits from the system. They can't harm you, if they can't find you! Use code ashton at the link below and get 60% off an annual plan: https://incogni.com/ashton Chapters: 00:00 Intro 02:11 Payment Cultures 05:30 Why Americans Need to Build Credit 09:10 The Business of Credit Card Debt 13:31 Protecting Your Purchases 14:54 Who Really Pays for Credit Card Rewards 20:33 Europe's Consumer Debt Problem 23:06 Which System is Better? All Sources at End of Video to Read More Other Videos You Might Enjoy: WORKING IN GERMANY: What the US can learn from German Work Culture    • WORKING IN GERMANY: What the US can learn ...   THE BIG DEBATE: American Capitalism vs. German "Socialism" - SALARIES, TAXES, & SOCIAL CONTRIBUTIONS    • THE BIG DEBATE: American Capitalism vs. Ge...   THE SHOCKING Cost of Living in USA vs. Germany (Part 2) | HOUSING, UTILITIES, TRANSPORTATION & FOOD    • THE SHOCKING Cost of Living in USA vs. Ger...   Episode No. 208 📷 Follow me on Instagram:   / typeashton   🤳🏻 TikTok:   / typeashton   🖥 Website: https://www.blackforestfamily.com 📧 E-mail: typeashton@gmail.com SUPPORT ME 👑 Patreon:   / typeashton   Attribution: Music by Epidemic Sound: http://nebula.tv/epidemic Thank you to AP Archive and the Library of Congress for access to their archival footage. Stock footage and others clips by Getty and Envato Elements Narrated and produced by Dr. Ashton Schottler #CreditCardDebt #CreditCards #USAvsEurope #PersonalFinance #AmericanDebt #CreditCardCulture #FinancialLiteracy #CreditScores #ConsumerDebt #MoneyAndEconomics #germany #americaningermany #usa #finance