Why credit cards should replace cash
Why Credit Cards Should Replace Cash
Shihao Chen
Azusa Pacific University
Why Credit Cards Should Replace Cash
One hundred years ago, people had a lot of bills and coins in their wallets. The wealthier they were, the bigger wallets they had. Now, things have changed. More and more people have only one piece of plastic inside their wallets. In 1949, when a man named Frank McNamara had dinner in a restaurant, he found out that he left his wallet. After the dinner, he decided to create an alternative to cash. He and his partner, Ralph Schneider, built the Diners Club and issued the first credit card. In the next year, 1950, he and his partner returned to the restaurant and paid with the Diners Club Card, which was the first credit card. Today, there are more credit cards besides the Diners Club Card: Visa, MasterCard, American Express, and so on. With many types of credit cards, people are facing the question of whether they should keep using cash. There is no reason credit cards should not replace cash. Credit cards should, and will, replace cash in the future because of the benefits they bring, such as security, convenience, and environmental protection. The first reason that credit cards will replace cash in the future is because of security. Even though the police force is getting better and better, robbery has not been completely stopped. Now, credit cards are helping reduce robbery rates. Back to 1995, when credit cards were not that much popular, FBI’s (1995) crime report points that there is one robbery every 54 seconds. (P. 4), and today “In 2010, one robbery occurred every 1.4 minutes in the United States” (Office for Victims of Crime, 2011). The robbery rate is lower in 2010 than in 1995. This rate is being lower after credit cards are more popular and people carry less cash. So credit cards reduce robbery rates. People can protect their money from criminals, and also from themselves at times. People lose money because they leave it
Shihao Chen
Azusa Pacific University
Why Credit Cards Should Replace Cash
One hundred years ago, people had a lot of bills and coins in their wallets. The wealthier they were, the bigger wallets they had. Now, things have changed. More and more people have only one piece of plastic inside their wallets. In 1949, when a man named Frank McNamara had dinner in a restaurant, he found out that he left his wallet. After the dinner, he decided to create an alternative to cash. He and his partner, Ralph Schneider, built the Diners Club and issued the first credit card. In the next year, 1950, he and his partner returned to the restaurant and paid with the Diners Club Card, which was the first credit card. Today, there are more credit cards besides the Diners Club Card: Visa, MasterCard, American Express, and so on. With many types of credit cards, people are facing the question of whether they should keep using cash. There is no reason credit cards should not replace cash. Credit cards should, and will, replace cash in the future because of the benefits they bring, such as security, convenience, and environmental protection. The first reason that credit cards will replace cash in the future is because of security. Even though the police force is getting better and better, robbery has not been completely stopped. Now, credit cards are helping reduce robbery rates. Back to 1995, when credit cards were not that much popular, FBI’s (1995) crime report points that there is one robbery every 54 seconds. (P. 4), and today “In 2010, one robbery occurred every 1.4 minutes in the United States” (Office for Victims of Crime, 2011). The robbery rate is lower in 2010 than in 1995. This rate is being lower after credit cards are more popular and people carry less cash. So credit cards reduce robbery rates. People can protect their money from criminals, and also from themselves at times. People lose money because they leave it
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