Cash vs Credit Cards

Phrases
- Credit or debit cards are much more convenient than cash.
- Otherwise, they wouldn't have become so common in the World.
- For example, now you don't have to stand in line for a pay packet in the accounting department.
- You can pay for your purchases faster. No need to look for change or split a large banknote.
- Without small coins your wallet is light.
- A credit card is better protected from street scams. You can block your card as soon as you find it missing.
- Cash can be washed in the washing machine so that you can use it no longer.
- But money in a credit card can be stolen over the Internet. You sleep or work and at the same time you are robbed.
- You can't use a credit card to tip at all restaurants in Russia. But maybe you can in your country.
- 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.
- If you have a large account balance, the Bank will pay you interest.
- With a card you can pay in any currency.
- But with using the card everywhere, you will be traceable by your bank and tax agency.
- Using the card, you can lend money to a friend who is very far away.
- Using the card, you can buy products on the web, like on Amazon.
- But with a card you don't see how much money you spend.
- With cash you plan beforehand how much you will spend. So, with a card you may spend more than you wish.
- With an NFC enabled phone you have money whenever you have your smartphone.
- And if you use credit, not debit, you can spend more than you have, so you will pay interest for that for the Bank.
- 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