Todays topic is cash or credit card. I am going to present my view on this topic. While we have different payment options like cheque, cash, net banking, credit cards, which one is better depends on one's preferences. I strongly agree that credit card is one of the best ways to save money and
mint reward coins. In this digitised world, everything is going by credit.
Firstly, credit card was launched by American Express in year 1970 in USA. People were sceptical to use it. However in last 40 years, credit card
industry has seen 200% growth rate. This is self evident that credit card is the leader in the payment industry and why not? It is the only payment method where banks have been giving you interest free credit for 51 days. You earn free reward points and have the benefit of buying other goods using those points. However, it will not be a complete lie, that credit card has increased the greed in human beings. We often buy things for the sake of getting reward points. For those who don't pay their dues on time, banks impose a heavy penalty and often they went bankrupt because of excessive use.
On the other hand, cash has its benefits. It can be used anywhere and everywhere. Old people who are not familiar with credit cards can use them easily. Some places dont have swipe machines working, cash can be used readily. You will be in big mess if you purchased something and machine is not working. Cash is the ultimate solution. But it has its disadvantages too. It can be steeled or looted from you. This is not the case with Credit Card. Its prettysafe.
In summary, one should use Credit card only if they can pay their dues on time. If you are getting greedy, please dont use this mode. Better to have
cash and spend it wisely
 Todays
 topic is  
cash
 or  
credit
  card
. I am going to present my view on this topic. While we have  
different
 payment options like  
cheque
,  
cash
, net banking,  
credit
  cards
, which one is better depends on one's preferences. I  
strongly
  agree
 that  
credit
  card
 is one of the best ways to save money  
and
 mint
 reward coins. In this  
digitised
 world, everything is going by credit. 
Firstly
,  
credit
  card
  was launched
 by American Express in year 1970  
in USA
.  
People
 were  
sceptical
 to  
use
 it.  
However
 in last 40 years,  
credit
  card
 industry
 has  
seen
 200% growth rate. This is  
self evident
 that  
credit
  card
 is the leader in the payment industry and why not? It is the  
only
 payment method where banks have been giving you interest free  
credit
 for 51 days. You earn free reward points and have the benefit of buying other  
goods
 using those points.  
However
, it will not be a complete lie, that  
credit
  card
 has increased the greed in human beings. We  
often
  buy
 things for the sake of getting reward points. For those who don't pay their dues on time, banks impose a heavy penalty and  
often
 they went bankrupt  
because
 of excessive  
use
. 
On the other hand
,  
cash
 has its benefits. It can be  
used
 anywhere and everywhere.  
Old
  people
 who are not familiar with  
credit
  cards
 can  
use
 them  
easily
.  
Some
 places  
dont
 have swipe machines working,  
cash
 can be  
used
  readily
. You will be in  
big
 mess if you  
purchased
 something and machine is not working.  
Cash
 is the ultimate solution.  
But
 it has its disadvantages too. It can  
be steeled
 or looted from you. This is not the case with  
Credit
  Card
. Its  
prettysafe
.
In summary, one should  
use
  Credit
  card
  only
 if they can pay their dues on time. If you are getting greedy,  
please
  dont
  use
 this mode. Better to  
have
cash and spend it  
wisely