In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?

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Credit card is the one of the best discovery in the modern era. Nowadays, everyone have and it’s becoming a status symbol. Advantages and disadvantages are always placed in argument, most people consider, it is more advantageous. As an Introduction, we can discuss about the advantages.
Firstly
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, cashless payment method is appreciated among the people, due to its convenience and handling.
Secondly
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, it could avoid the situation of currency exchanges.
For example
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, a guy went to the supermarket and purchased a few items, waited in the queue.
Finally
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, when his turn comes to pay, he don’t have the change and the biller too.
Such
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Embarrassing atmosphere could be avoided and if he uses a credit card, shop, swipe and go, that’s it.
Also
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, for your day to day expenses, it can be done through the card. It helps to avoid waste of time,
such
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as ATM
withdraw
Suggestion
withdraws
, to get change from other shops.
For example
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, in India everyone seeks exact change at shops, but is always not possible and recent technology development brought us QR code payment, which was a massive success, because people suffered a lot before. A cashless society can be built, by expanding the non physical payment, at the same time in a safer way. People use more credit cards is
also
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one of the increasing concern, because banks have started issuing
limit
Suggestion
The limit
Limit
will be based on the income structure. A high credit limit and attractive gadgets, push people to spend beyond their control. It is considered as one of the major disadvantages. As a conclusion, advantages of usage are higher compared to its disadvantages. A careful spending could be a happy spending.
Submitted by bjbharathkumar on

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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