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by consp10 hours ago |
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upvoteby phil217 hours ago|
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These are historically called “charge cards” in the US and are common for corporations who give employees “credit cards” for travel and the like.

American Express is big in this market - what looks like a normal Amex Business Platinum card can very well be a charge card that needs to be paid in full at the due date every month.

There are minor differences but the big one is no carried balance between months is allowed. Payment in full due each month.

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upvoteby KellyCriterion9 hours ago|
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Visa and MC have basicly all of these configurations, depending on country & legislation: - Direct Debit - Deffered Debit - Rolling Credit - Installment Credit

And if you are a $MegaBigCorp customer of them, you can customize even more.

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upvoteby em-bee8 hours ago|
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indeed. my credit card requires me to preload money from my bank account. it's like there is a second account that keeps a balance that i can spend using the credit card. whenever i use it, the balance is updated. how the credit is paid off i don't know. it could be either right away, or the amount is just hidden by my bank until it is time to pay off at the end of the month. either way, the credit limit is zero. so i can never spend more than i put in first. (though this may be based on how much i spend or be a configurable value.)
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upvoteby albumen2 hours ago|
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So, your credit card is in practice a debit card?
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upvoteby bdangubic2 hours ago|
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that is not a credit card :)
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upvoteby zinekeller1 hours ago|
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There is a point though - Mastercard and Visa treats them as "prepaid" credit cards, which are different from both true prepaid cards (as issued in the US), charge cards, and true debit cards (former Maestro and Visa Electron). Again, different regions have different lines for this, especially in Europe.

IIRC, bunq in the Netherlands issues Mastercard "credit cards" (with no "debit" annotation as on true Mastercard debit cards). They're treated as credit cards for Mastercard purposes but are backed by deposits.

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upvoteby Beretta_Vexee9 hours ago|
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It's more taboo to talk about revolving credit card than crack addiction for a french. I don't know a bank that offer them, even the shady online bank.
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upvoteby cferry7 hours ago|
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Historically, these have been issued by "consumer credit" specialized banks like Sofinco; and retail chains ("carte Aurore"); traditional banks would seldom advertise them, if offered at all.

Things have been changing a bit in recent years. Since the "debit" and "credit" nature of the card is now written on them, French folks have started to request "credit" ones for travelling (to rent a car for instance).

My understanding is that for car rental purposes, anything using Visa/MC (and not a national debit network like Visa Debit in the US) will work, it doesn't actually need to be backed by a revolving credit. At a US gas pump, a Frenchie needs to select "credit" even though the card has "debit" written on it. Still, should the clerk refuse the card because it reads "debit" without running it... better have this "credit"-labeled one.

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upvoteby folmar5 hours ago|
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> My understanding is that for car rental purposes, anything using Visa/MC (and not a national debit network like Visa Debit in the US) will work, it doesn't actually need to be backed by a revolving credit.

Many companies will refuse all debit cards, or all cards with "electronic use only" restriction, at least for the deposit, irrespective of the payment network involved.

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upvoteby Invictus09 hours ago|
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Too bad that doesn't extend to their government, which seems to have no problem spending their credit down to the wire...
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