Only one-out-of-five adults own credit cards in China

[tacobell fan]

China’s haves and have-nots are divided by a thin piece of plastic.

[tacobell fan]

 

There's a dramatic difference between who owns a credit card in China versus the U.S.

 

  Just 21% of Chinese have access to a credit card

More than two-thirds of Americans carry plastic

 

 

[Katara]

Adi garvam ga chepukovali sighu deniki? 21% mandi appullo batukutaru , amrika la 66% appullo vunnaru.

[tacobell fan]

Just now, Katara said:

Adi garvam ga chepukovali sighu deniki? 21% mandi appullo batukutaru , amrika la 66% appullo vunnaru.

[Thanos]

nothing wrong with having a credit card , using it responsibly is a different matter though

[tom brady]

25 minutes ago, Thanos said:

nothing wrong with having a credit card , using it responsibly is a different matter though

There is everything wrong with having a credit card.

[LastManStanding]

41 minutes ago, tom brady said:

There is everything wrong with having a credit card.

It all depends baa..kani positives ye ekkuva if it is given to right ppl..subprime crisis lantivi vachay because they are given to ppl who doesn’t deserve them. 

 Common man perspective chuste, India lo chaduvu kosamo or intlo deni kosam evado kallu pattukunevallu chala kalam..vadi interest rates goranga undevi...ippatiki 20 rupaila vaddi ki iche vallu kuda unnaru..general ga kuda 3 rupees etc..credit cards valla oka standard vastundi, evadini adukkokunda we can use them and pay back responsibly..chala mandi emergency time lo use chesinollu unnaru..vallaki veellaki phones chesi surity adigi ibbandi padekanna..credit cards are very helpful to common man, but again they should be given based on lots of different criteria..modern AI is helping lending companies to do that

[Thanos]

1 hour ago, tom brady said:

There is everything wrong with having a credit card.

antha wrong ento chepthara if people pay on time , use the rewards etc?

People who pay with cash are actually losing money compared to people who use reward credit cards regularly