Charge Cards in Austria - New Report Available
Austrian consumers usually do not distinguish between charge and credit cards, but when they talk about credit cards (Kreditkarten) they usually refer to charge cards. For them, the classic credit card concept of not paying the entire balance at the end of the month is uncommon, for some even unthinkable, and they fear the high annual interest rates of revolving credit. When in need of a small credit, Austrians typically make widespread use of their bank accounts' overdraft facilities.
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