Cash or card: which is the best option?
Cash or card: which should you use more?
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When shopping, do you usually use cash or a card?
Both payment methods are widely used by Brazilians. Each has its advantages and one does not replace the other.
And that's why in today's article, we're going to talk more about each of these two options, so that you can learn about the main benefits of both cash and cards.
Read on to find out more.
Pay with cash
Is it true that cash is going to end?
At least in Brazil, this won't happen anytime soon. After all, even with the advancement of technology in the payments sector, physical money continues to be the payment method most used by Brazilians.
In second place comes Pix, followed by debit and credit cards.
But of course there are people who prefer online payment methods, and therefore, they no longer use physical money.
What are the advantages of paying in cash?
Is this payment method really a good option? Below, we will present the main advantages and disadvantages of cash:
Possibility of obtaining discounts
Many stores often give discounts to those who pay in cash.
Even if it’s a small amount, every saving is welcome, right?
Therefore, paying in cash is a way to save on your purchases.
Less expenses
You've certainly heard someone say that paying in cash is a way to spend less, right?
This is really true. After all, with money in your hands, you can have a better idea of your expenses and thus end up saving.
If when you go out shopping you end up spending more because you use your credit or debit card, next time, only take a small amount of cash with you.
This way, it will be much easier to avoid the compulsive shopping.
Unnecessary expenses, even small ones, can snowball if left unchecked.
For this reason, if you really want to save money on purchases or have difficulty controlling your card spending, cash can be an excellent option for your financial life.
No fees charged
The absence of fees is advantageous for both the consumer and the owner of the establishment..
In other words, when receiving the value of the product in cash, the owner does not need to worry about fees that are charged when paying by card (both debit and credit).
In addition to fees, physical money can also escape connection problems and card cloning.
What are the disadvantages of physical money?
Unfortunately, the risk of robberies is a problem that harms both consumers and retailers.
Therefore, when using physical money as a payment method, it is important to be extra careful, especially if it is a larger amount.
Pay by card
When Pix emerged at the end of 2020, many people started using this technology to make payments and transfers.
Many people thought that debit cards would no longer be used. But obviously, that didn't happen. After all, Pix wasn't created to replace other payment methods, but rather to become another payment option.
Obviously, many Brazilians use the card to make purchases in physical and virtual stores.
And what are the main advantages of a debit or credit card?
That's what you're going to know now!
What are the advantages of a debit card?
Great commercial acceptance
It is increasingly difficult to find an establishment that does not accept debit cards as a form of payment.
For this reason, the debit card brings practicality to your day-to-day life, since you know that when you go out with it, you will be able to make purchases in practically any place.
Record of the operation
When using a debit or credit card for payment, the expense is automatically recorded.
This way, you can better manage your expenses, since the receipt will contain all the purchase information.
Easy access
Getting a debit card is much easier than a credit card.
When applying for a credit card, it is normal for the institution to carry out a credit analysis and analysis of your consumer profile, which in some situations may make it difficult to approve the application.
Security
This is an advantage offered by both debit and credit cards.
If the card is stolen or lost, simply request cancellation and request another one.
Furthermore, if you use the card to purchase higher-value products in a physical store, you won't need to carry a large amount of cash.
What are the advantages of a credit card?
Financial organization
Many say that credit cards are a villain in financial life.
But in reality, it’s not quite like that. In fact, if you know how to use this tool, the card will help you be more organized.
That's because in the card's own app, you can track all your expenses.
This way, you can know exactly where your money is going.
Miles program
There are some credit cards that offer the miles program.
Basically, it works like this: every time you buy a product with your credit card, you will accumulate points.
These points can be exchanged for airline tickets or other products and services.
What are the disadvantages of debit and credit cards?
For these tools to be truly useful and for you to enjoy the benefits, you need to use the card responsibly.
In other words, be careful not to spend more than you should, especially if you choose to use a credit card.
Conclusion
Cash or card: which is the best option?
Both payment methods are great options for everyday use.
If your goal is to get discounts, cash is better. However, if you want to concentrate all your expenses in one place, debit and credit cards are more practical!
