Market Report, "Credit Cards in Austria", Published
When Austrian consumers speak about credit cards, they mostly mean charge cards. For them, the concept of not paying the entire balance at the end of the month is uncommon, for some even unthinkable. Also, the relatively high annual interest rates are still considered as outrageous by most consumers. When in need of a small credit, Austrians typically make widespread use of their bank accounts' overdraft facilities.
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