The debate on cash versus credit card has been going on for some time. Credit is still a fairly new concept within the history of finance; so many people would rather stick with paper money. According to you, which is a better payment method, cash or credit? Give reasons for your answer and include any relevant examples from your own knowledge or experience.

It is debatable whether

cash

or

credit

is a better method of

payment

. A

credit

card

has just been introduced to the financial history for a short time;

therefore

, many individuals still believe in and stick with the use of

paper

money

. Both sides are worthy of closer analysis, but I am inclined to consider the concept of

credit

a better

payment

form because it provides more convenience in purchasing products. On the one hand, it is undeniable that

cash

is a well-known method people pay for their services. It is because

paper

money

was

first

invented to be a current medium of exchanges.

On the other hand

, there are several inconveniences in the modern world while people spend their

money

using

cash

. The major problem occurred when the customers cannot provide the exact amount of

money

and sellers are not able to give back the changes.

This

may cause inconvenience during

payment

and service.

Besides

, with the spread of diseases,

such

as Covid-19,

paper

money

can be a source of the virus and lead to the infection.

Consequently

, the

credit

card

has been invented and introduced to world citizens. In my perspective, a

credit

card

can completely replace

paper

cash

.

Although

it might be a new concept within the history of finance and some still question about that,

credit

card

has proven that it is a useful type of

payment

. As our world is globalising, the better access to the internet and the server will help improve the use of

credit

card

.

Credit

serves as a remedy to the problems related to

paper

note as well. There will be no need to prepare the change and with only one scan without physical touch, it will not contribute to a major health issue.

Thus

, I believe that

credit

overshadows

cash

in term of

payment

method. To conclude, there might be an argument about the use of

credit

card

instead

of

cash

;

however

, it is demonstrated than

credit

card

help solve the problem occurring with

paper

bill

such

as changing and contagious diseases.

Hence

,

credit

should be seen as a positive development in a medium of exchanges and is better than using banknotes for

payment

.