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.

Nowadays, different forms of electronic transactions have been introduced
as a result
of technological advancement. Some
people
believe that the use of
banknotes
is being supplanted by credit and debit cards. In
this
essay, I will discuss both positive and negative consequences, and
this
essay deals both with them. There are many positive factors in using
plastic
money
. To say that, using
plastic
money
could be more convenient and easy to carry while using
banknotes
can be less comfortable. To illustrate, if we needed a huge amount of investment to purchase one of the products, it would be inconvenient to use paper notes,
such
as to buy a house we might be required millions of dollars but we can’t endure it by
banknotes
.
Moreover
, while
plastic
money
is safer to use,
banknotes
can create security concerns for the users. Indeed,
banknotes
can be used directly by grabbing them whereas stolen credit cards can be blocked by informing the individual bank at the incident time.
For instance
, according to the statistics
people
are being more sufferers while using paper
money
than the electronic transaction.
Conversely
, there are
also
some drawbacks to the usage of
plastic
money
. Any type of security breach can create a huge loss to the customer, while the paper
money
doesn’t cause
such
problems. Due to the advancement of technology, crime personnel is becoming more mature, which can be a vital reason for financial loss.
On the other hand
, while
people
do transactions with
plastic
money
, they spend more than
banknotes
.
However
, it is challenging to understand the amount of spending through cards, which paves the way to profligacy. As an example, one study shows that when
people
need to pay in cash
then
they tend to expend less. In conclusion,
although
banknotes
brought lots of
convenience
Change to a plural noun
conveniences
show examples
and we are not spending much by using them,
plastic
money
can be a plausible solution for many significant problems. I personally believe that by taking some reasonable steps, it can be used appropriately.
Submitted by sarara23 on

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Answer the 'Advantages and Disadvantages' topic

IELTS advantages and disadvantages questions normally give you a statement and ask you to comment on the advantages and disadvantages of that statement.

Answer structure for the type of essay

  • Introduction
  • Body paragraph 1 – advantages
  • Body paragraph 2 – disadvantages
  • Conclusion

Examples to start your body paragraph:

  • The main advantage is...
  • The disadvantage of this...
  • The main benefit...
  • Despite these advantages...
  • One possible drawback...

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