Phrases

1. Credit or debit cards are much more convenient than cash.
2. Otherwise, they wouldn't have become so common in the World.
3. For example, now you don't have to stand in line for a pay packet in the accounting department.
4. You can pay for your purchases faster. No need to look for change or split a large banknote.
5. Without small coins your wallet is light.
6. A credit card is better protected from street scams. You can block your card as soon as you find it missing.
7. Cash can be washed in the washing machine so that you can use it no longer.
8. But money in a credit card can be stolen over the Internet. You sleep or work and at the same time you are robbed.
9. You can't use a credit card to tip at all restaurants in Russia. But maybe you can in your country.
10. But if the credit card terminal doesn't work, because of a weak signal or problems on the Bank side, you won't be able to buy anything.
11. If you have a large account balance, the Bank will pay you interest.
12. With a card you can pay in any currency.
13. But with using the card everywhere, you will be traceable by your bank and tax agency.
14. Using the card, you can lend money to a friend who is very far away.
15. Using the card, you can buy products on the web, like on Amazon.
16. But with a card you don't see how much money you spend.
17. With cash you plan beforehand how much you will spend. So, with a card you may spend more than you wish.
18. With an NFC enabled phone you have money whenever you have your smartphone.
19. And if you use credit, not debit, you can spend more than you have, so you will pay interest for that for the Bank.
20. With a credit card you spend money, you haven't earned yet. In my opinion it's not good for everyday purchases.

Vocabulary

• banknote – a piece of paper money, constituting a central bank's promissory note to pay a stated sum to the bearer on demand
• beforehand – before an action or event; in advance
• change – money given in exchange for the same sum in larger units
• coins – a flat disc or piece of metal with an official stamp, used as money
• currency – a system of money in general use in a particular country
• far away – distantly
• interest – money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt
• lend – grant to (someone) the use of (something) on the understanding that it will be returned
• otherwise – in circumstances different from those present or considered; or else
• purchases – acquire (something) by paying for it; buy
• robbed – take property unlawfully from (a person or place) by force or threat of force
• scams – a dishonest scheme; a fraud
• stand in line – queuing; when people stand in line or wait in line, they stand one behind the other in a line, waiting their turn for something
• supervising – if you supervise an activity or a person, you make sure that the activity is done correctly or that the person is doing a task or behaving correctly
• tip – a sum of money given to someone as a reward for a service
• wallet – a pocket-sized flat folding case for holding money and plastic cards
• whenever – every time that something happens