In recent times, banknotes and coins are become past and credit and debit cards take a place. Although it is convenient, the chances of fraud increase. Credit and debit cards are convenient compere to cash. People do not have to carry lots of cash. Whenever they go outside to buy something. If people carry cash, they always have fear of theft but in debit card or credit card they do not have any fear because if their card is lost, they can block it in one call. Additionally, using debit card provide huge discount while in cash transaction people do not get any offers or discounts. Hence, cashless transaction is advantageous. There are chances of fraud in cashless transaction. Nowadays hacker tack all money from account within a second. People who do not have much knowledge about cards are usually become victim of this kind of fraud. Another disadvantage is people spend money out of limit through credit card and after that they can not pay money to bank. Thus credit card and debit cards disadvantages. In conclusion, credit cards and debit cards have advantages like easy to carry and provide offers but it also have disadvantage like chances of hacking.
In recent times, banknotes and coins
are become
past and
credit
and debit
cards
take a place. Although it is convenient, the chances of fraud increase.
Credit
and debit
cards
are convenient
compere
to
cash
.
People
do not
have to
carry lots of
cash
.
Whenever
they go outside to
buy
something. If
people
carry
cash
, they always have fear of theft
but
in debit
card
or
credit
card
they do not have any fear
because
if their
card
is lost
, they can block it in one call.
Additionally
, using debit
card
provide huge discount while in
cash
transaction
people
do not
get
any offers or discounts.
Hence
, cashless transaction is advantageous. There are chances of fraud in cashless transaction. Nowadays hacker tack all money from account within a second.
People
who do not have much knowledge about
cards
are
usually
become victim of this kind of fraud. Another disadvantage is
people
spend money out of limit through
credit
card
and after that they can not pay money to bank.
Thus
credit
card
and debit
cards
disadvantages.
In conclusion
,
credit
cards
and debit
cards
have advantages like easy to carry and provide offers
but
it
also
have
disadvantage like chances of hacking.