benefits of using credit cards
Posted: Tue Dec 22, 2015 7:05 am
MANY PEOPLE ARE MOVING TOWARDS USING DEBIT CARDS(COLLECTIVELY CALLED ELETRONIC FUND TRANSFER SYSTEM OR EFT) INSTEAD OF THE BANK NOTES TO PAY FOR THINGS.CARRYING MONEY ELECTRONICALLY HAS MORE BENEFITS THAN CARRYING MONEY AS BANK NOTES.DO YOU AGREE OR DISAGREE.
Nowadays, everyone have the debit or credit card with him. These cards have been used in carrying out transaction instead of using cash. This idea is welcomed and this essay will outline the benefits of using the electronic fund transfer system (EFT)
For so many reasons the ETF system is safer for carrying cash instead of having it in one’s pocket. In case of contact with armed robbers, money is protected as cards prompt use of password or secret code. Also losing denomination in high note is avoided as money is only present in the card and not cash. It is better to lose debit cards which can easily be recovered than losing cash which unfortunately cannot be replaced as in the case of fire or soiling by rain.
Also, people can now sit in the comfort of their home and enjoy and enjoy shopping online using the internet even on public holidays or weekends. They do not need to visit the place of transaction. Electricity, water and examination bills to mention but a few, are easily paid without hassles, thanks to invention of electronic cards
It is now easy to track illegal transaction as these ETF cards have maximum amount which every individual is allowed to spend per day. This will curb money laundering and paying for bills using counterfeit money
In conclusion, there are so many benefits of using the ETF. It’s plus points are very numerous. Let us embrace it
Nowadays, everyone have the debit or credit card with him. These cards have been used in carrying out transaction instead of using cash. This idea is welcomed and this essay will outline the benefits of using the electronic fund transfer system (EFT)
For so many reasons the ETF system is safer for carrying cash instead of having it in one’s pocket. In case of contact with armed robbers, money is protected as cards prompt use of password or secret code. Also losing denomination in high note is avoided as money is only present in the card and not cash. It is better to lose debit cards which can easily be recovered than losing cash which unfortunately cannot be replaced as in the case of fire or soiling by rain.
Also, people can now sit in the comfort of their home and enjoy and enjoy shopping online using the internet even on public holidays or weekends. They do not need to visit the place of transaction. Electricity, water and examination bills to mention but a few, are easily paid without hassles, thanks to invention of electronic cards
It is now easy to track illegal transaction as these ETF cards have maximum amount which every individual is allowed to spend per day. This will curb money laundering and paying for bills using counterfeit money
In conclusion, there are so many benefits of using the ETF. It’s plus points are very numerous. Let us embrace it