A close call at the grocery checkout

[mrstime]

I guess you don't truly understand what a debit card is ? Canadians are the biggest users of debit cards in the first world. With a debit card you can only spend what you have in your bank account. My CIBC debit card costs me a whopping $12.95 A YEAR in fees, and it is accepted world wide by ATMs on the Interact system. Try spending US currency in Malawi, Peru, Argentina , or Poland.

Our debit card is with a credit union, because of our age we pay nothing . We rarely use cash.

 

[hollydolly]

I guess you don't truly understand what a debit card is ? Canadians are the biggest users of debit cards in the first world. With a debit card you can only spend what you have in your bank account. My CIBC debit card costs me a whopping $12.95 A YEAR in fees, and it is accepted world wide by ATMs on the Interact system. Try spending US currency in Malawi, Peru, Argentina , or Poland.

Actually Canada is the 7 th biggest users of debit cards in the western world.... 7 of the 20 highest using countries are in Europe...

1..Denmark
2. Netherlands
3. Sweden
4. Norway
5. NZ
6. Belgium
7, Canada
8. Australia
9. Austria
10. UK

Debit Card Penetration by Country [Feb 2024 Update] | Oberlo

According to a recent analysis of debit card penetration by country, Denmark has the highest penetration rate, with 99%. This is defined as the percentage of people aged 15 and above who own at least one debit card. Credit card usage in Denmark is comparatively lower, with a penetration rate of 58.5%. In fact, data shows that whether they’re shopping online or in a physical store, debit and credit cards are Danes’ preferred payment method. In 2023, debit and credit cards accounted for nearly half (49%) of the total online transaction volume of B2C businesses.


Second on the list ranking debit card penetration by country is the Netherlands—98.3% of the population there owns debit cards. This is followed by Sweden and Norway, with penetration rates of 98.2% and 97.8%, respectively. New Zealand completes the top five, with 96.4%.


In joint sixth place on the ranking of debit card penetration by country are Belgium and Canada. 96.2% of the population of both countries possesses debit cards. Australia follows, with a rate of 95.9%. Austria and the United Kingdom round out the list, with 95.5%, each. Going further down the list, we see that just 13 countries have debit card penetrations of above 90%, with Germany, Singapore, and Ireland making up the other three.


Of these 10 countries topping the list ranking debit card penetration by country, seven are located in Europe. This highlights the continent’s high reliance on the payment method.

 

[hollydolly]

On the other end of the spectrum measuring debit card penetration rate by country lies Ghana, where just 17.4% of the population owns a debit card. This equates to around one out of every six individuals aged 15 and above.

 

[Aunt Bea]

I like cash but since the pandemic I have been using a credit card for just about everything.

I still carry an emergency $100.00 bill tucked away in my wallet.

It’s a carryover from the days before a bank was foolish enough to offer me a credit card.

Inflation over the last fifty years has diminished the purchasing power but it has saved me more than once from an inconvenient or embarrassing situation.

 

[Ken N Tx]

I like cash but since the pandemic I have been using a credit card for just about everything.

I still carry an emergency $100.00 bill tucked away in my wallet.

It’s a carryover from the days before a bank was foolish enough to offer me a credit card.

Inflation over the last fifty years has diminished the purchasing power but it has saved me more than once from an inconvenient or embarrassing situation.

@Aunt Bea Welcome back!!!!!

 

[StarSong]

I like cash but since the pandemic I have been using a credit card for just about everything.

I still carry an emergency $100.00 bill tucked away in my wallet.

It’s a carryover from the days before a bank was foolish enough to offer me a credit card.

Inflation over the last fifty years has diminished the purchasing power but it has saved me more than once from an inconvenient or embarrassing situation.

I always have cash on me - typically somewhere between $60-$100.

 

[Pepper]

I only carry up to $20 and a credit card or two. I think I have only $5. in wallet right now, must refill a bit.