People today increasingly use credit cards to make monthly purchases. Do the advantages of this outweigh the disadvantages?
Since the technologies made a step beyond our imagination of the world, people have started to pay by cards faster and more convenient.
However
, in today’s society, humans commenced using those cards every day for anything that a current individual wants to buy. Although
, there some disadvantages of using credit
cards, I strongly believe that advantages overweigh drawbacks of this
payment method.
Firstly
, the primary benefit of using current payment mode is that a person does not require taking cash when that individual is going somewhere outside. Therefore
, it is really simple to take your credit
card and go shopping without an abundant amount of money in the wallet. In other words
, a person cannot take a lot of money with you in your wallet, and with a plastic card, there can be any amount. For example
, when a person buys an expensive car, they can't pay with cash, because it's a lot of money and it weighs a lot. Hence
, cashless payments are the best way to make purchases.
Secondly
, the worthiest part of using a plastic card is cyber attacks. It means that if the bank has glitches in its security system this
can be used by hackers to create backdoors. Likewise
, this
type of online theft is very popular nowadays due to the fact that every program has its own holes in the system. For instance
, last
year, hackers from California broke into one of the largest United States banks and stole millions of dollars from ordinary citizens. Thus
, credit
cards have their drawbacks, but they are not as significant compared to the advantages.
To conclude, I strongly believe that credit
cards are the future and without them, it would be much more difficult for humanity to live in modern society.Submitted by eshwar10882 on
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