Nowadays,
bank issuedAdd a hyphen
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cards
such
as debit
cards
and
credit
cards
playsChange the verb form
show examples
a crucial role in our society and in our economy by enabling
cashless
payments as they eliminate the need to carry
cash
in the wallet. They
also
protect the users from being robbed.
However
, a
cashless
society is not ideal. It
also
has its own defects because no amount of
cashless
payment
can totally replace
the Correct article usage
show examples
cash
as some currency will always be in circulation at all times. In
this
essay, both merits and demerits are discussed.
For the advantages, they can increase the overall purchases of the people.
Credit
cards
provide a specific sum of
loanFix the agreement mistake
show examples
to the individual from the bank.
Therefore
, if you do not have3
cash
in your wallet you can purchase anything.
CashlessAdd an article
show examples
method
increases the purchasing power of the
person
.
However
, it is a double-edged sword. It can be bad or good depending upon the habit of a
person
.
Credit
cards
are
also
helpful in emergency situations
such
as medical bills, pharmacy bills etc. For eg. in a medical emergency like an accident if a
person
does not have
largeAdd an article
show examples
sum of money in the wallet
then
he/she can use
theCorrect article usage
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credit
card for
payment
. Since all the transactions are recorded, it allows people to track their
expenditureFix the agreement mistake
show examples
.
Although
,Remove the comma
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onlineCorrect article usage
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payment
method
has numerous pros, it
also
has
fewCorrect article usage
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cons as well. Excess expenditure is one of the main
demeritChange to a plural noun
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of online
payment
methodFix the agreement mistake
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. As we all know, humans have a habit of spending
of money than they can earn because they have
lotChange the article
show examples
of money
inChange preposition
show examples
their
cards
. For eg., in a recent report, scientists
hasChange the verb form
show examples
concluded that people spend more via
Add a hyphen
show examples
bank issuedAdd a hyphen
show examples
cards
as compared to
the Correct article usage
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cash
.
Credit
also
have
high interestAdd a hyphen
show examples
rates.
credit
cards
comesChange the verb form
show examples
with
monthlyAdd an article
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bill, if a
person
does not pay the bill on time, they must pay penalty.
Furthermore
,
cards
can be misused by anyone if they are lost.
The onlineCorrect article usage
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payments
comesChange the verb form
show examples
with their own benefits and drawbacks. It is not exactly a realistic idea because of their technical glitches.
However
, we can reduce the amount of
cash
in circulation by promoting the
cashless
process.
It'sUnnecessary verb
show examples
all
dependCorrect subject-verb agreement
show examples
on how we use the
method
.