In a cashless society, people use more credit cards. What are the advantage and disadvantages of this phenomenon.
In a cashless society where people use more credit cards was always a debatable topic. Even though, many people claim that credit cards are very beneficial to buy goods and products without carrying cash in hand. Others reject this notion and argue that people use cards to show off and to create fame in front of others. In my opinion, it is completely agreed that there are numerous benefits associated using credit cards. This essay would further elaborate both advantages and disadvantages of using this card and thus lead to a plausible conclusion.
To start with, it is convenient way for those people who don't want to carry huge amount of cash when going out. The most important benefit from credit cards is that middle class people won't have enough money to buy groceries or products at the end of the month, so they purchase goods through card. Furthermore, banks provide credit limit depending upon the monthly income of the person and he has to pay little interest on it. Credit cards are the best ways to do online shopping and to buy products cheaper than shop prices. For example, if we want to buy a television online you can use credit as payment option and purchase it. This example clearly exemplifies that credit cards are very useful for us in our daily life in some form or other form.
On the other hand, some people use credit cards only to show off their card and to maintain their standard in front of others. The main disadvantage is if people are unable to pay debt payment on time they have to pay extra interest to the respective banks and if the person is not able to payment for multiple times then bank will mark him in black list. Some people use credit card limit beyond their monthly income and fails to pay the amount on time. Finally the interest rates of credit cards are very high which is not affordable by the middle class person. For example, if the person don't pay on time bank will charge 15 to 20% interest rates as late penalty.
In a nutshell, I would like to say that credit cards are very beneficial for every person but everyone must have to use it according to their monthly income and financial condition.
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Grammar and spelling errors:
Line 3, column 58, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: don't
... is convenient way for those people who dont want to carry huge amount of cash when ...
^^^^
Line 5, column 456, Rule ID: SENT_START_CONJUNCTIVE_LINKING_ADVERB_COMMA[1]
Message: Did you forget a comma after a conjunctive/linking adverb?
Suggestion: Finally,
...me and fails to pay the amount on time. Finally the interest rates of credit cards are ...
^^^^^^^
Line 5, column 592, Rule ID: EN_CONTRACTION_SPELLING
Message: Possible spelling mistake found
Suggestion: don't
...lass person. For example, if the person dont pay on time bank will charge 15 to 20% ...
^^^^
Transition Words or Phrases used:
but, finally, furthermore, if, so, then, thus, as to, for example, in my opinion, to start with, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 14.0 10.5418719212 133% => OK
Auxiliary verbs: 6.0 6.10837438424 98% => OK
Conjunction : 15.0 8.36945812808 179% => OK
Relative clauses : 10.0 5.94088669951 168% => OK
Pronoun: 30.0 20.9802955665 143% => Less pronouns wanted
Preposition: 53.0 31.9359605911 166% => OK
Nominalization: 4.0 5.75862068966 69% => OK
Performance on vocabulary words:
No of characters: 1782.0 1207.87684729 148% => OK
No of words: 387.0 242.827586207 159% => Less content wanted.
Chars per words: 4.60465116279 5.00649968141 92% => OK
Fourth root words length: 4.43534841618 3.92707691288 113% => OK
Word Length SD: 2.25100345153 2.71678728327 83% => OK
Unique words: 198.0 139.433497537 142% => OK
Unique words percentage: 0.511627906977 0.580463131201 88% => More unique words wanted or less content wanted.
syllable_count: 558.0 379.143842365 147% => OK
avg_syllables_per_word: 1.4 1.57093596059 89% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 5.0 4.6157635468 108% => OK
Article: 2.0 1.56157635468 128% => OK
Subordination: 3.0 1.71428571429 175% => OK
Conjunction: 0.0 0.931034482759 0% => OK
Preposition: 5.0 3.65517241379 137% => OK
Performance on sentences:
How many sentences: 17.0 12.6551724138 134% => OK
Sentence length: 22.0 20.5024630542 107% => OK
Sentence length SD: 36.5923962075 50.4703680194 73% => OK
Chars per sentence: 104.823529412 104.977214359 100% => OK
Words per sentence: 22.7647058824 20.9669160288 109% => OK
Discourse Markers: 6.70588235294 7.25397266985 92% => OK
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 3.0 5.33497536946 56% => OK
Sentences with positive sentiment : 13.0 6.9802955665 186% => OK
Sentences with negative sentiment : 4.0 2.75862068966 145% => OK
Sentences with neutral sentiment: 0.0 2.91625615764 0% => More facts, knowledge or examples wanted.
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.254662639908 0.242375264174 105% => OK
Sentence topic coherence: 0.0955733125926 0.0925447433944 103% => OK
Sentence topic coherence SD: 0.0673217810043 0.071462118173 94% => OK
Paragraph topic coherence: 0.16785054444 0.151781067708 111% => OK
Paragraph topic coherence SD: 0.112632549199 0.0609392437508 185% => OK
Essay readability:
automated_readability_index: 11.6 12.6369458128 92% => Automated_readability_index is low.
flesch_reading_ease: 66.07 53.1260098522 124% => OK
smog_index: 3.1 6.54236453202 47% => Smog_index is low.
flesch_kincaid_grade: 9.5 10.9458128079 87% => OK
coleman_liau_index: 9.7 11.5310837438 84% => OK
dale_chall_readability_score: 7.26 8.32886699507 87% => OK
difficult_words: 62.0 55.0591133005 113% => OK
linsear_write_formula: 8.5 9.94827586207 85% => OK
gunning_fog: 10.8 10.3980295567 104% => OK
text_standard: 10.0 10.5123152709 95% => OK
What are above readability scores?
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Rates: 55.5555555556 out of 100
Scores by essay e-grader: 50.0 Out of 90
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Note: the e-grader does NOT examine the meaning of words and ideas. VIP users will receive further evaluations by advanced module of e-grader and human graders.