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
rapid popularisation of the technologies some people prefer notes. In my opinion, Correct article usage
the
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.Submitted by veronika-glinka on
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