I found someone's credit card on the sidewalk! Now I am going to experiment with sending electrical signals to the chip on the card, which I know will eventually result in the secure element permanently disabling myself. Then I'm going to shred the card when I find it useless.
People, don't let me find our #CreditCard out there! I will absolutely destroy it if I do!
The idea of a Credit Card is the perfect example of how much the US loves adding completely unnecessary steps to a process.
Debit card: pay a bill by transferring money from your bank account to the person’s account - 1 step
Credit card: pay a bill by using credit from a company, waiting from them to actually transfer the money, transferring money from your bank account, waiting for that to actually proceed otherwise you have no more “credit” in your credit card - 4 steps.
Also, never go below your available credit otherwise you’ll have to pay horrible interest!
Other examples: American taxes, American healthcare, American pension, American voting system,…