Credit Score in the Netherlands
The big difference in the Netherlands is that Credit Cards don’t influence a Credit Score, because we don’t have the same process as for example: Japan, China, the U.K., Canada, Australia, Germany, and the United States. In the Netherlands, we have a better alternative for this: BKR. The BKR in the Netherlands is a credit registration agency that keeps track of individuals’ credit histories and outstanding debts.
The ease of use of a Credit Card in the Netherlands
Having a credit card ensures you always have a payment option readily available, eliminating the need to find an ATM. Most people in the Netherlands would use a Credit Card for bigger purchases, especially around travelling.
Also in the Netherlands, cash money is disappearing quickly which means you will need a debit and credit card to fully integrate in the financial system.
Fraud protection from a credit card refers to the measures and services provided by credit card issuers to safeguard cardholders against unauthorised or fraudulent transactions. Credit card companies implement various security features and policies to detect and prevent fraudulent activities, ensuring that cardholders are not held liable for fraudulent charges.