Nowadays plastic money replacements such as credit and debit cards are extremely popular, even more than banknotes and coins. Discuss the advantages and disadvantages of this.

In the contemporary era, people like to carry

credit

and debit cards rather than a wad of cash.

This

is increasingly becoming fa

vored a

preferred above all others and treated with partiality

favoured

mong masses due to a myriad number of reasons.

This

essay will discuss how

credit

and debit cards are safe and easy to carry and will

also

discuss the negative ramifications of

plastic

money

.

First

of all,

plastic

money

is helping folks for easy transactions. The

credit

cards have given way to buy things at any given point of time. It is no more crucial to have sufficient

bank

balance to purchase anything.

For

example

, you can buy any service or technology and pay off the

amount

later in terms of in

stallments.

a payment of part of a debt; usually paid at regular intervals

instalments

instruments

instalments'

Debit cards

also

provide the benefit of withdrawing cash or transferring the

amount

. Another factor is that

plastic

money

is easy to carry. It saves us from carrying a large sum of

money

.

For

example

, it can be easily placed in a wallet or pocket and does not let anyone know about the whereabouts of it. The other side of the coin, explains the harsh reality of keeping

plastic

bags. Irresponsible use of

credit

cards can make a person dig himself in the debt.

For

example

, it is seen a small debt becomes large when the payment is not delivered on time. The interests keep on adding and

also

reduces the

credit

points.

Moreover

, if the transaction from debit ar

d i

one of a set of small pieces of stiff paper marked in various ways and used for playing games or for telling fortunes

card

s done using a different

bank

.

For

example

, a certain

amount

is deducted by the

bank

from which card is issued and by the ATM service provider

bank

.

Therefore

, irresponsible be

havior c

manner of acting or controlling yourself

behaviour

an put the people in stress. In conclusion, the prominence of

plastic

money

is increasing by leaps and bounds.

This

essay discussed the pr

os including s

Accept comma addition

pros, including

afety and convenience to the masses.

This

essay

also

discussed the other side of the subject which includes the victim of depression due to debt and unnecessary deducted

amount

.