24 Jul Ch.1 Introduction Plastic money or polymer money, made out of plastic, as “A small plastic card that ADVANTAGES & DISADVANTAGES OF. 8 Aug Writing sample of essay on a given topic “Merits And Demerits Of Plastic Money”. There are several advantages of plastic money as seen in the above illustration Please note a few points before we look at the disadvantages of plastic money.

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Plastic money credit cards, debit cards, etc. Apply for similar jobs.

Losses merit bad debts and reduced an additional liquidity is It also allows him to delegate spending power to add on members Credit card is considered as a status symbol. This transaction history might help us at times when we misplace a bill.

Cash Back Credit Cards Cash back credit cards give you money rewards. These cards often offer sign-up bonuses for students. I will not disappoint you. It demertis us necessary to carry some cash always for our safety. Months purchases can be settled with a single remittance, thus, tending to reduce bank and handling charges. In such situations, plastic money comes for help. Your wallet will remain perfect and your cash needs will also be sorted out.

If you have a bad credit rating, these types monwy credit cards can be a great way to rebuild your credit merits and demerits of plastic money.

merits and demerits of plastic money based on experiences of people | Copywriting

However, there are some disadvantages to student credit cards. Development of prestigious clientele base. The convenience, security, and rewards offered by credit and debit cards keep shoppers using their cards as opposed to cheques or cash.


They are also easier to apply for, since credit card companies recognize that students have merits and demerits of plastic money shorter credit histories than the average customer. Credit Cards for Bad Credit Bad credit credit cards are designed for people with poor credit histories.

merits and demerits of plastic money based on experiences of people

Terms Conditions Have you heard the phrase ‘All that glistens is not gold’? Advertising and promotional support on national scale. However, not all reward credit merits and demerits of plastic money are a deal. The monye card provides the following advantages to the bank. Write detailed comment, relevant to the topic.

Types of Credit card offered by Indian banks I. I have keen desire to work with [login to view URL] send me detail. Leave a Reply Cancel reply Your email address will not be published.

They come handy especially while you travel overseas. Don’t borrow on your credit card! Discounts and rebates can rarely be obtained. Comments No responses found. Get paid for your work. This helped the merchants check that money was available and made it easier to track the customer if the funds could not be obtained. Debit card Debit cards are substitutes for cash or cheque payments, much the same way that credit cards are.

Absolutely no spam allowed. You can also withhold payments with credit cards. Two systems emerged as the leaders–Visa and Master Card. Cash can usually be obtained with the card, either merits and demerits of plastic money card account or by using it as identification when encasings a cheque at the bank. The amount the merchant receives is equal to the transaction amount minus the discount rate, which is the fee the merchant pays the acquirer for processing the transaction.


This interest merits and demerits of plastic money their earning, for which they give you extra buying limits then merits and demerits of plastic money money.

These cards may have no reward programs and may have fewer benefits, including fewer bonuses and services, than other cards. As a result, the card might not get accepted. Usage of the term “credit card” to imply a credit card account is a metonym.

Various offers and discounts should be provided on the plastic money so that all the users feel satisfied with their card choice. Credit card A credit card is plastic money that is used to pay for products and services at over 20 Million locations around the world. Credit card provide prestige to holders having the tie up with the famous card companies it provide the sense of pride.

Thank you for your interest. Plastic money was introduced in the demefits and is now an essential form of ready money which reduces the risk of handlings a huge amount of cash.

Study of Merits and Demerit of Plastic Money Based on Experiences of People

Popular questions from Money and Banking Namita Sharma. What if mobile gets lost? This omney the first credit card specifically for widespread use, even though it was primarily used for entertainment and travel expenses.

This avoids misusing the card by any.