In this concurrent era, majority of people using different kinds
of payment method like credit card or debit card. However, the
trend to use plastic money can ensure easy transactions and
easy to carry it but can also lead certain drawbacks. The most significant benefit to using a credit card is very
convenient to carry in your pockets. It is safe when you have a
card with you as even if it is lost, you can always call the bank
and ask them to block it. But when people us the cash, they are
not left with that option and they will end up loosing their
money. Cards are waterproof so they do not have to get
panicked even if water spilled over their wallet. Another
positive side is it is eliminating crime rates. Keeping cash in
hand is not a safe is not a safe thing to do. Plastic money safe
rather than carrying a cash in your pockets. People do not have
to worry when someone runs away with their wallet, as you
only have plastic money in it. Thief need pin number to use it so
he can not take the cash or swipe it. As soon as they know that
they are pickpocketed. They can call the bank and ask them to
block or cancel the card. On the other hand, there are also disadvantages to using a
plastic money. It is not totally safe. There is a certain amount of
risk involved in transactions which involves plastic money as well. Take for example, when people are doing online shopping
they are exchanging the details relating to their card over the
internet which is not always a safe place. Some websites are
just set up to steal our financial information and rob money
thereby. Even worse, plastic money is not complete
replacement for cash. In rural areas we hardly find any shops
that accept credit card. It makes us unnecessary to carry some
cash always for our safety.
To conclude, while using a plastic money it eliminates
pickpocketing for people and easy for transactions, they also
have to deal with downsides because it is not completely safe
for people. Therefore, people should think wisely to using a
plastic money for their routine life
In this concurrent era,
majority of
people
using
different
kinds
of
payment method like credit
card
or debit
card
.
However
, the
trend to
use
plastic
money
can ensure easy transactions and
easy
to carry it
but
can
also
lead certain drawbacks. The most significant benefit to using a credit
card
is
very
convenient
to carry in your pockets. It is
safe
when you have
a
card with you as even if it
is lost
, you can always call the bank
and
ask them to block it.
But
when
people
us the
cash
, they
are
not
left
with that
option and
they will
end
up loosing their
money
.
Cards
are waterproof
so
they do not
have to
get
panicked
even if water spilled over their wallet. Another
positive
side is it is eliminating crime rates. Keeping
cash
in
hand
is not a
safe
is not a
safe
thing to do.
Plastic
money
safe
rather
than carrying a
cash
in your pockets.
People
do not
have
to worry when someone runs away with their wallet, as you
only
have
plastic
money
in it. Thief need
pin number
to
use
it
so
he
can not take the
cash
or swipe it. As
soon
as they know
that
they
are
pickpocketed
. They can call the bank and ask them
to
block
or cancel the
card
.
On the other hand
, there are
also
disadvantages to using
a
plastic
money
. It is not
totally
safe
. There is a certain amount
of
risk
involved in transactions which involves
plastic
money
as well
. Take
for example
, when
people
are doing online
shopping
they are exchanging the
details
relating to their
card
over the
internet
which is not always a
safe
place.
Some
websites
are
just
set up to steal our financial information and rob money
thereby
. Even worse,
plastic
money
is not
complete
replacement
for
cash
. In rural areas we hardly find any
shops
that
accept credit
card
. It
makes
us unnecessary to carry
some
cash always
for our safety.
To conclude
, while using a
plastic
money
it eliminates
pickpocketing
for
people
and easy for transactions, they
also
have to
deal with downsides
because
it is not completely safe
for
people
.
Therefore
,
people
should
think
wisely
to using a
plastic
money
for their routine life