People today increasingly use credit cards to make monthly purchases. Do the advantages of this outweigh the disadvantages?

Nowadays it is getting common to pay
credit
cards
when
people
regularly purchase things rather than cash. One of the reasons is spreading cashless
payment
into a variety of shops around the world. In my point of view, the disadvantages of using
credit
cards
outweigh the advantages. One of the advantages of
credit
cards
is useful for both customers and shops. On the side of customers, they do not need to bring cash, and
also
withdraw cash from a bank. By the way, on the side of shops, cashless
payment
is speedy. Especially, in Japan several years ago, convenience stores or supermarkets started to introduce
this
payment
to cut the long waiting time.
This
approach could be increased customer satisfaction.
On the other hand
, plastic
cards
would be caused a waste of money because it is difficult for
people
to purchase reasonably by pushing a password of plastic
cards
. According to a survey of Japanese e-commerce companies,
people
who often use these have a tendency to buy something not thinking deeply rather than paying bills. From
this
survey, it is difficult for
people
do not choose whether
this
product is really necessary or not. In conclusion,
credit
card
payment
has both merits and demerits but the disadvantages of the
payment
overwhelm the advantages because it has a bad impact on the home budget. Before using
credit
cards
,
people
should learn the sense of money.
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Topic Vocabulary:
  • Cashless transactions
  • Financial footprint
  • Interest rates
  • Credit score
  • Consumerism
  • Debt accumulation
  • Expenditure tracking
  • Fraudulent activities
  • Overspending
  • Purchase protection
  • Revolving credit
  • Creditworthiness
  • Impulse buying
  • Secured credit card
  • Unsecured credit card
  • Spending limit
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