The argument between cash and credit card has been going for some time. The idea of credit card is still very new in the market. Therefore many people opt paper money over MasterCard. I personally feel plastic money is a better way to carry your money.
As the world is moving forward towards the digital side, carrying money in hand has become old fashioned. Furthermore plastic cards play’s an important role In boosting the economy. By increasing the purchasing power of people to buy goods, plastic cards has made a huge impact on the world’s GDP. Moreover looking at the current pandemic problems the cash flow has fallen down. So to revive the wealth of the nations, it is very important to shift acceptance of currency. For instance, as I earlier mentioned about the circumstances of economy. A person who uses plastic card will have a higher buying ability as compared to a person who is having paper money.
Besides that, it also provides higher chances of loan approval. As we discussed about the economy shutting down because of Covid-19. Acceptance of loan is very difficult. However using a MasterCard will not only improve your credit score but will lead towards having a loan without any issues. By paying the bills of plastic credit regularly, it show’s how prompt a person is for there borrowing. Thus using a credit card makes future mortgage effortless.
In conclusion, Fiat money is in demand because of its traditional side. But in my opinion, access to a credit card can be a positive development as long as one uses its responsibly
The argument between cash and
credit
card
has been going for
some
time. The
idea
of
credit
card
is
still
very
new in the market.
Therefore
many
people
opt paper
money
over MasterCard. I
personally
feel
plastic
money
is a better way to carry your money.
As the world is moving forward towards the digital side, carrying
money
in hand has become
old fashioned
.
Furthermore
plastic
cards
play’s
an
important
role In boosting the economy. By increasing the purchasing power of
people
to
buy
goods
,
plastic
cards
has made a huge impact on the world’s GDP.
Moreover
looking at the
current
pandemic problems the cash flow has fallen down.
So
to revive the wealth of the nations, it is
very
important
to shift acceptance of currency.
For instance
, as I earlier
mentioned about the
circumstances of economy. A person who
uses
plastic
card
will have a higher buying ability as compared to a person who is having paper money.
Besides
that, it
also
provides higher chances of loan approval.
As
we
discussed about the
economy shutting down
because
of Covid-19. Acceptance of loan is
very
difficult.
However
using a MasterCard will not
only
improve
your
credit
score
but
will lead towards having a loan without any issues. By paying the bills of
plastic
credit
regularly
, it
show’s
how prompt a person is for there borrowing.
Thus
using a
credit
card
makes
future mortgage effortless.
In conclusion
, Fiat
money
is in demand
because
of its traditional side.
But
in my opinion, access to a
credit
card
can be a
positive
development as long as one
uses
its
responsibly