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.

In today's world, there are a lot of discussions on the topic of the usefulness of

credit

cards

versus

cash

. Despite

a

Correct article usage

the

show examples

rapid popularisation of the technologies some people prefer notes. In my opinion,

credit

cards

have more benefits and,

therefore

,

this

essay will discuss the possible advantages of

this

payment system.

To begin

with,

credit

cards

can guarantee safety and the probability that you may lose your

money

decreases significantly.

This

is because of fact that not only do robbers who steal your card do need a password to go through the verification system but

also

a

credit

card can be easily blocked by the bank if they notice any suspicious manipulations.

Hence

, unlike paper

money

, which is stolen irrevocably

credit

cards

save your wealth and earnings.

For instance

, recent research has shown that only 20% of

credit

cards

in Ukraine were robbed and unblocked, while others were successfully secured and saved by a strong verification system.

Moreover

,

credit

cards

are more convenient than

cash

since they are an infinite source of

money

.

This

is due to the fact that not only can anyone send you

money

on your bank account whenever you need it but

also

you can transfer

money

from one of your

credit

cards

to another.

As a result

, if, for some reasons, a person leaves a house without

cash

since they are not planning to buy anything they will have an opportunity to use

credit

cards

which can be replenished instantly by someone else.

For example

, one study has illustrated that more than 60% of teenagers have

credit

cards

and when they have any urgent situation their parents are able to transfer some

money

to their bank account. Eventually, to conclude, in my opinion,

credit

is a better payment method compared to

cash

.

Firstly

,

this

is because of the safety of

credit

cards

and,

secondly

, since they are convenient in usage.