1. 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

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All facets of our life have been revolutionized by the advent of technology.
This
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process has affected not only in our economical
manners but
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manners, but
also
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in our banking systems. Today, using of cards
such
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as credit and debit is so popular and it has many benefits and drawbacks. On the one hand, the potential benefits of plastic
money
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are undeniable.
Firstly
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, these cards are more convenient of doing transactions from home than putting a huge amount of
money
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in your wallet;
moreover
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the risk of loss and theft could be minimized.
Secondly
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, by using plastic
money
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, you can use of E-commerce marketing for online payments; as a matter of fact a lot of time and energy could be saved.
Thirdly
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, by using visa or debit cards, paper consuming and
bank
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notes could be decreased;
therefore
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, it can help
to
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with
the environment in
long term
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the long term
.
On the other hand
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, there are several disadvantages
for
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of
using plastic
money
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. One of the most significant
one
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ones
is these cards may impose high-interest liability to their owners.
For instance
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, you have to pay to
bank
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extra
money
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as accounts fee or additional service charges for your transactions.
In addition
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, having visa card often is responsible for impulsive shopping habits and destroy your
bank
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credit forever.
Furthermore
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, malicious hackers can access your
bank
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account to steal
money
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by just hacking a number or
secure
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security
code. To sum up,
although
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, using credit and debit cards
have
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has
a lot of advantages some measures as their drawbacks should be taken into account.

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  • for instance
  • to illustrate this
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  • namely
  • to illustrate
  • take, for example

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Topic Vocabulary:
  • Plastic money
  • Credit and debit cards
  • Banknotes
  • Coins
  • Transactions
  • Convenience
  • Security
  • Unauthorized transactions
  • Budget management
  • Financial apps
  • Acceptance
  • Global reach
  • Versatile
  • Dependence on technology
  • Technology malfunction
  • Privacy concerns
  • Data privacy
  • Data breaches
  • Overspending
  • Accumulating debt
  • High-interest rates
  • Fees
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