No. of Recommendations: 0
I'm just curious about this. As you may or may not know, Asians generally have a hard time with credit. They quite simply don't like it. Being a first generation American, I can see this myself. If my folks want to buy something, they will save money for it, then buy it all in cash. It is quite cheaper to buy with cash, considering paperwork etc. but the sacrifice you make before purchasing is tremendous.

Being Indian, I thought this was only true with Indians ,but I had a college professor who was engaged with a Taiwaneese, and he said basically the same thing.

Now, given the fact that America is almost at the point of saturation with credit cards, these companies are now tapping into the Asian markets. I know in India credit cards have been around for maybe 5-7 years. I don't know how successful they are there, but I'm curious, do you think credit card companies have to potential to corrupt Asians as bad as they have to Americans? A friend of mine told me credit was a sin in Europe until about the 14th century. I know for a fact that charging interest is a sin in the Muslim religion.

What are you thoughts?
Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.