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

Due to modern technology and to innovation,

money

was replaced from cash to cashless. Many people believe that, credit and

debit

cards are beneficial to them, while, other commenters affirmed that it is not beneficial, rather it can cause numerous disadvantages. The writer, will discuss the disadvantages and disadvantages below, followed by a concrete conclusion. To start with, we cannot deny that in

this

modern era, more and more people prefer to use credit and

debit

cards due to numerous benefits. One of the advantages, is that there is no need to carry the bulk of

money

for shopping in the malls or stores.

For instance

, a fluent shopper went to purchase an item in the shopping centre used her

debit

card for payment and in just a few minutes she paid the bill with no issues. Apart from that, it can be utilized for purchasing any products, Tru online which is widely popular in

this

fast paced world.

Thus

, it is more convenient and hassle free.

On the other hand

, there are

also

benefits of using plastic

money

than cards, because there are some drawbacks of utilizing cards. One disadvantage, is that few people nowadays know how to hack and clown the cards, there is a huge tendency that the hacker will transfer the

money

to their account and can be utilized in criminal activities, like buying paying their bills.

Hence

, it leads to financial problems. There are numerous individuals filed a complaint to the police stations about these matters.

For instance

, One of the managers of Kodak company, lost her

money

in just a few days, because someone hacked her account and lead her to financial constraint and problem too. To sum up, due to widely popular nowadays, we cannot deny that there are a few pitfalls that can be encountered, but, there are some measures to curb the negative issues. I opine that, people who are utilizing the

debit

and credit cards should be cautious and be vigilant.