In a cashless society, people use more credit cards. What are the advantage and disadvantages of this phenomenon.
In a cashless society where people using more credit cards for their daily transactions was always a debatable topic. Even though, many users claim that cards are very beneficial to buy goods and products without carrying cash in hand. Others reject this notion and argue that most of them use cards to show off and to create fame in front of others. In my opinion, it is completely agreed that there are numerous benefits associated with these. This essay would further elaborate both advantages and disadvantages with clear examples and thus lead to a plausible conclusion.
To start with, it is the convenient way for those people who don't want to carry a huge amount of cash when going out. The most important benefit from credit cards is that middle-class pupil won't have enough money to buy groceries or products at the end of the month, so they purchase goods through this. Furthermore, banks provide credit limit depending upon the monthly income of the person and he or she has to pay little interest on it. Credit cards are the best ways to do online shopping and to buy products cheaper than shop prices. For example, if we want to buy a television online you can use the credit card as the payment option and purchase it. This example clearly exemplifies that these cards are very useful for us in our daily life in some way or another way.
On the other hand, some people use cards only to show off and to maintain their standing in front of others. The main demerit from this cards is if we are unable to pay debt payment on time they have to pay extra interest to the respective banks and if the person is not able to do payment for multiple times then the bank will mark him in the blacklist. Some people use credit card limit beyond their monthly income and fails to pay the amount on time. Finally, the penalty rates of credit cards are very high which is not affordable by the middle-class person. For example, if the person doesn't pay on time, banks will charge minimum 15 to 20% interest rates as per guidelines.
In a nutshell, I would like to say that credit cards are very beneficial to us but we must use it according to their monthly income and financial condition.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2018-07-03 | Ajay naher | 88 | view |
| 2018-05-26 | Manisha Verma | 77 | view |
| 2018-05-21 | Vaka143@2 | 46 | view |
| 2018-04-26 | Vaka143@2 | 55 | view |
| 2018-04-26 | Vaka143@2 | 55 | view |
- Government should reduce their investment in arts music and painting Agree or Disagree 86
- Most high level jobs are done by men. Should governments encourage that a certain percentage of these jobs be reserved for women? What is your opinion? 77
- Most high level jobs are done by men Should governments encourage that a certain percentage of these jobs be reserved for women What is your opinion 81
- People are moving to urban areas from rural areas for better life What do you think about 81
- Effective learning requires time, comfort and peace so it is impossible to combine study and employment. Study and employment distract one from another. To what extent do you think the statements are realistic? Support your opinion with examples. 80
Grammar and spelling errors:
Line 3, column 62, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: don't
...the convenient way for those people who dont want to carry a huge amount of cash whe...
^^^^
Line 5, column 132, Rule ID: THIS_NNS[1]
Message: Did you mean 'these'?
Suggestion: these
... front of others. The main demerit from this cards is if we are unable to pay debt p...
^^^^
Line 5, column 591, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: doesn't
...lass person. For example, if the person doesnt pay on time, banks will charge minimum ...
^^^^^^
Transition Words or Phrases used:
but, finally, furthermore, if, so, then, thus, as to, for example, in my opinion, to start with, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 14.0 10.5418719212 133% => OK
Auxiliary verbs: 6.0 6.10837438424 98% => OK
Conjunction : 16.0 8.36945812808 191% => OK
Relative clauses : 10.0 5.94088669951 168% => OK
Pronoun: 38.0 20.9802955665 181% => Less pronouns wanted
Preposition: 56.0 31.9359605911 175% => OK
Nominalization: 4.0 5.75862068966 69% => OK
Performance on vocabulary words:
No of characters: 1808.0 1207.87684729 150% => OK
No of words: 395.0 242.827586207 163% => Less content wanted.
Chars per words: 4.57721518987 5.00649968141 91% => OK
Fourth root words length: 4.45809453852 3.92707691288 114% => OK
Word Length SD: 2.3546671992 2.71678728327 87% => OK
Unique words: 207.0 139.433497537 148% => OK
Unique words percentage: 0.524050632911 0.580463131201 90% => More unique words wanted or less content wanted.
syllable_count: 561.6 379.143842365 148% => OK
avg_syllables_per_word: 1.4 1.57093596059 89% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 5.0 4.6157635468 108% => OK
Article: 3.0 1.56157635468 192% => OK
Subordination: 3.0 1.71428571429 175% => OK
Conjunction: 0.0 0.931034482759 0% => OK
Preposition: 5.0 3.65517241379 137% => OK
Performance on sentences:
How many sentences: 17.0 12.6551724138 134% => OK
Sentence length: 23.0 20.5024630542 112% => OK
Sentence length SD: 36.34075562 50.4703680194 72% => OK
Chars per sentence: 106.352941176 104.977214359 101% => OK
Words per sentence: 23.2352941176 20.9669160288 111% => OK
Discourse Markers: 6.70588235294 7.25397266985 92% => OK
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 3.0 5.33497536946 56% => OK
Sentences with positive sentiment : 14.0 6.9802955665 201% => Less positive sentences wanted.
Sentences with negative sentiment : 3.0 2.75862068966 109% => OK
Sentences with neutral sentiment: 0.0 2.91625615764 0% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.186320599746 0.242375264174 77% => OK
Sentence topic coherence: 0.0657303677478 0.0925447433944 71% => OK
Sentence topic coherence SD: 0.0549422657636 0.071462118173 77% => OK
Paragraph topic coherence: 0.121576795318 0.151781067708 80% => OK
Paragraph topic coherence SD: 0.0507756166849 0.0609392437508 83% => OK
Essay readability:
automated_readability_index: 11.8 12.6369458128 93% => Automated_readability_index is low.
flesch_reading_ease: 65.05 53.1260098522 122% => OK
smog_index: 3.1 6.54236453202 47% => Smog_index is low.
flesch_kincaid_grade: 9.9 10.9458128079 90% => OK
coleman_liau_index: 9.58 11.5310837438 83% => OK
dale_chall_readability_score: 7.54 8.32886699507 91% => OK
difficult_words: 69.0 55.0591133005 125% => OK
linsear_write_formula: 8.5 9.94827586207 85% => OK
gunning_fog: 11.2 10.3980295567 108% => OK
text_standard: 10.0 10.5123152709 95% => OK
What are above readability scores?
---------------------
Rates: 72.2222222222 out of 100
Scores by essay e-grader: 65.0 Out of 90
---------------------
Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.