You have forgotten your card, so you say, “It’s all right, and I’ll pay cash”. And to your surprise, you pay the full price, no discount, no cash back… as if real, authentic cash were some sort of snag, bad word, taboo or…

Ah, Modern Times

Credit card and debit card booms have made people aware of the convenience of having these comfortable little plastic slips. They are easier and lighter to carry, no hassle with change and they’re even safe against theft. The lingering idea was that “No doubt, there’s nothing like cash”. And all of a sudden we begin to discover that stores and supermarkets give you something like a “bribe”, if you don’t use cash and instead use any card!

Any Card Will Do

Whether Debit card, in which you are spending your own money or a Credit Card, in which you spend credit, air, Other People’s Money, it’s the same for the store, they get their money for a small transfer fee and that’s that.

However, there is a logical explanation for the preference of stores and supers for cards. Physical money has to be carried to the store, paid at the till, counted, put in money sacks, kept in a safe or sent to the bank in a truck, insured just in case and taken out again to pay bills, expenses, salaries and the cycle begins again.

Tadaaa! Cards To The Rescue

Since cards have spread out to almost every household in the modern world, people have begun to realize the convenience of plastic… only now, even the stores discover that with one swish of the card through a slot, they can save lots of money and inconveniences!

The Less Wealthy

Debit cards are a good option for people at the lower end of the salary line. It actually saves them money, avoids losing cash, prevents theft and it is also light to carry around. Those who are not employees and do not receive their salary directly credited into their accounts, can just go to the bank, open a savings account and ask for a normal ATM debit card.

It is a good way to get used to being up to date with payments, instead of living behind schedule, as it happens with a credit card. Credit ratings will be improved, since there is a lower risk of credit card delinquency. Now, whenever you need to use credit, you can start fresh, taking a loan for whatever it is you want to purchase, or even having the way paved for a mortgage to get your own home, something really essential for any family.

One More Advantage

With a savings account you can get a loan for the same amount that you have in your account. It’s a good way to start off small and build up good credit ratings for when they are really needed.

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Mary Wise, a professional consultant at Badcreditloanservices.com with twenty years in the financial field, prevents consumers from falling into the hands of fraudulent lenders.
In her website you will find more useful tips and interesting financial articles on this and many other related topics.