Credit The Pros And Cons: Cash Vs. Credit

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Cash Vs. Credit the Pros and the Cons
While both cash and credit are two acceptable forms of payment, they vary in many ways. Which one best suit your needs? With the disadvantages comes the advantages, sure using cash can sometimes be dangerous among other things, but there are some safety advantages that come associated with using cash as well. When choosing to use cash instead of credit you won 't have to necessarily worry about your credit card being encrypted at checkout. Although people have become more financially safer with how they use their card and the risk of data breaches have lowered in the last couple of years. Just three years ago the “Data breaches totaled 1,540 World wide were a little over 10% of that 1,540 breaches were in the retail sector” (Holmes1). And with the growing rate of fashion and the standard of looking good and fitting into society I would say the outcome of your card being stolen or even encrypted at checkout is still there. If you 're worried about your card being encrypted next time you 're at checkout just use cash not only will you avoid encryption you will also be able to see how much you 're actually spending. Although it 's …show more content…

When you carry cash you 're avoiding your credit card being encrypted at checkout but what 's the point when you just as easily could be robbed or held at gunpoint and if the burglar was to steal your credit card you could make a phone call and in seconds have your card cancelled and the burglar has not received any of money and even if they were to make a purchase before you happened to cancel your card some credit card company will refund you your money. Wherever if you were to use cash then there 's no financial security there to back you up; you won 't ever see that money

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