Pros & Cons of Cash Vs. Credit Cards


When paying for goods and services a consumer will have a choice to make. The choice to pay with a credit card, or pay with cash, is not always easy. The decision is usually based on the consumer’s individual wants and needs. Knowing the pros and cons of using each form of payment may help in making that decision.


It is safer to carry credit cards than it is to carry large amounts of cash. Having cash may make you a target for criminals

Losing Your Wallet

If you were to lose your wallet, or purse, you can easily report a credit card lost and obtain a new one. Cash is untraceable.


You normally will have to pay interest on credit card purchases. If the purchase puts you over your credit limit, you may be assessed with an over the limit fee.


Most credit cards allow you the ability to pay for your purchases over an extended period. If you choose to pay with cash, you will need the entire amount upfront.

Credit Score

Using a credit card for small purchases, and quickly paying off the entire balance, can quickly boost your credit score.

Related Searches

Promoted By Zergnet


You May Also Like

Related Searches

Check It Out

4 Credit Myths That Are Absolutely False

Is DIY in your DNA? Become part of our maker community.
Submit Your Work!