In a cashless society, people use more credit cards. What are the advantages and disadvantages of this phenomenon?

Recently, the phenomenon of the cashless community and its corresponding impact has sparked a heated debate. Although contested by many that the matter of a cashless transaction is highly beneficial, such issue is regarded thoroughly both constructive and positive by a substantial number of individuals. I am inclined to believe that using credit cards can be a plus, and I will analyze that throughout this essay.

From a social standpoint, the cashless community can provide the society with some noticeable effects which are rooted in the fact that a bank note, as well as the credit card, are inextricably bound up. According to my own experience, when I was a university student, I performed an academic experiment which discovered financial systems. Thus, beneficial ramifications of both a bank card and Debit notes apparently can be seen.

Within the realm of credit cards, a debit cards might increase the consequences of financial problems. Moreover, fundamental aspects of paying a cheque relate to this reality that the demerits of money transactions pertain to paying money. As a tangible example, some scientific research undertaken by a prestigious university has asserted that the downside of banking studies is correlated negatively with paying cash. Hence, it is correct to presume the preconceived notion of a bank loan.

To conclude, while there are several compelling arguments on both sides, I profoundly believe that the benefits of the cashless society far outweigh its drawbacks. Not only do the advantages of the cashless community prove the significance of credit cards, but also pinpoint the cashless society implications.

Votes
Average: 8.8 (1 vote)
Essay Categories

Transition Words or Phrases used:
also, apparently, but, hence, if, moreover, so, thus, well, while, as well as

Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments

Performance on Part of Speech:
To be verbs : 10.0 10.5418719212 95% => OK
Auxiliary verbs: 5.0 6.10837438424 82% => OK
Conjunction : 5.0 8.36945812808 60% => More conjunction wanted.
Relative clauses : 10.0 5.94088669951 168% => OK
Pronoun: 18.0 20.9802955665 86% => OK
Preposition: 30.0 31.9359605911 94% => OK
Nominalization: 4.0 5.75862068966 69% => OK

Performance on vocabulary words:
No of characters: 1402.0 1207.87684729 116% => OK
No of words: 259.0 242.827586207 107% => OK
Chars per words: 5.41312741313 5.00649968141 108% => OK
Fourth root words length: 4.01166760082 3.92707691288 102% => OK
Word Length SD: 3.12182158991 2.71678728327 115% => OK
Unique words: 158.0 139.433497537 113% => OK
Unique words percentage: 0.610038610039 0.580463131201 105% => OK
syllable_count: 439.2 379.143842365 116% => OK
avg_syllables_per_word: 1.7 1.57093596059 108% => OK

A sentence (or a clause, phrase) starts by:
Pronoun: 4.0 4.6157635468 87% => OK
Article: 3.0 1.56157635468 192% => OK
Subordination: 5.0 1.71428571429 292% => Less adverbial clause wanted.
Conjunction: 2.0 0.931034482759 215% => Less conjunction wanted as sentence beginning.
Preposition: 4.0 3.65517241379 109% => OK

Performance on sentences:
How many sentences: 12.0 12.6551724138 95% => OK
Sentence length: 21.0 20.5024630542 102% => OK
Sentence length SD: 40.3989651958 50.4703680194 80% => OK
Chars per sentence: 116.833333333 104.977214359 111% => OK
Words per sentence: 21.5833333333 20.9669160288 103% => OK
Discourse Markers: 6.41666666667 7.25397266985 88% => OK
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 0.0 5.33497536946 0% => OK
Sentences with positive sentiment : 7.0 6.9802955665 100% => OK
Sentences with negative sentiment : 1.0 2.75862068966 36% => More negative sentences wanted.
Sentences with neutral sentiment: 4.0 2.91625615764 137% => OK
What are sentences with positive/Negative/neutral sentiment?

Coherence and Cohesion:
Essay topic to essay body coherence: 0.180904782055 0.242375264174 75% => OK
Sentence topic coherence: 0.060866061597 0.0925447433944 66% => OK
Sentence topic coherence SD: 0.0657309285554 0.071462118173 92% => OK
Paragraph topic coherence: 0.106496074105 0.151781067708 70% => OK
Paragraph topic coherence SD: 0.056701757993 0.0609392437508 93% => OK

Essay readability:
automated_readability_index: 14.8 12.6369458128 117% => OK
flesch_reading_ease: 41.7 53.1260098522 78% => OK
smog_index: 11.2 6.54236453202 171% => OK
flesch_kincaid_grade: 12.7 10.9458128079 116% => OK
coleman_liau_index: 14.1 11.5310837438 122% => OK
dale_chall_readability_score: 10.16 8.32886699507 122% => OK
difficult_words: 90.0 55.0591133005 163% => OK
linsear_write_formula: 14.5 9.94827586207 146% => OK
gunning_fog: 10.4 10.3980295567 100% => OK
text_standard: 15.0 10.5123152709 143% => OK
What are above readability scores?

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Rates: 88.8888888889 out of 100
Scores by essay e-grader: 80.0 Out of 90
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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.