In a cashless society, people use credit cards more often. What are the advantages and disadvantages of this phenomenon?
In the last few decades, the financial industry has grown enormously and meets the need of many individual consumers and businesses. Among their variety of products and services, the most prominent offering is a credit card system with the intention to replace the use of traditional cash bills. This essay will discuss, advantages and drawbacks of the given topic and lead to a plausible conclusion.
Firstly, there are myriad reasons which proponents cite for the benefits of using credit cards. One of the most preponderant reasons is the credit cards are marketed with plenty of offers including cash back bonus and discounts. For instance, there are offers that can make one purchase products almost half the price of the original value using credit cards, which cannot be made with traditional cash bills. In addition, one need not have to carry the currency to make purchases. Hence, credit cards have made life simple for many.
However, there are some dire consequences if the credit cards are not used properly, which are growing to become agonizingly painful. To illustrate, if someone missed making the monthly bill payments on-time or due to credit card frauds, may lead him to pay almost twice the monthly bill amount. Moreover, people must be more careful or make necessary precautions such as installing anti-virus or firewall if the credit cards are used online for purchases. Hence, although, credit cards make the shopping simple, for some cases, they can make one pay more than what he can afford.
In conclusion, credit cards are the new phenomenon and a product of financial services which have revolutionized shopping world if they are properly utilized. In my opinion, credit cards should be used with at-most care otherwise one may end up paying more than what they could afford.
| Post date | Users | Rates | Link to Content |
|---|---|---|---|
| 2020-01-29 | MehdiKhodadadi | 88 | view |
| 2020-01-23 | yasamin.gharib62 | 88 | view |
| 2020-01-16 | jsrc | 77 | view |
| 2020-01-13 | Alireza.r.68 | 88 | view |
| 2020-01-13 | Alireza.r.68 | 11 | view |
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Transition Words or Phrases used:
first, firstly, hence, however, if, may, moreover, so, for instance, in addition, in conclusion, such as, in my opinion
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 14.0 10.5418719212 133% => OK
Auxiliary verbs: 12.0 6.10837438424 196% => OK
Conjunction : 10.0 8.36945812808 119% => OK
Relative clauses : 5.0 5.94088669951 84% => OK
Pronoun: 9.0 20.9802955665 43% => OK
Preposition: 29.0 31.9359605911 91% => OK
Nominalization: 3.0 5.75862068966 52% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1514.0 1207.87684729 125% => OK
No of words: 297.0 242.827586207 122% => OK
Chars per words: 5.09764309764 5.00649968141 102% => OK
Fourth root words length: 4.15134772569 3.92707691288 106% => OK
Word Length SD: 2.56803269346 2.71678728327 95% => OK
Unique words: 164.0 139.433497537 118% => OK
Unique words percentage: 0.552188552189 0.580463131201 95% => OK
syllable_count: 475.2 379.143842365 125% => OK
avg_syllables_per_word: 1.6 1.57093596059 102% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 2.0 4.6157635468 43% => OK
Article: 2.0 1.56157635468 128% => OK
Subordination: 1.0 1.71428571429 58% => OK
Conjunction: 0.0 0.931034482759 0% => OK
Preposition: 6.0 3.65517241379 164% => OK
Performance on sentences:
How many sentences: 14.0 12.6551724138 111% => OK
Sentence length: 21.0 20.5024630542 102% => OK
Sentence length SD: 35.6579555768 50.4703680194 71% => OK
Chars per sentence: 108.142857143 104.977214359 103% => OK
Words per sentence: 21.2142857143 20.9669160288 101% => OK
Discourse Markers: 8.5 7.25397266985 117% => OK
Paragraphs: 4.0 4.12807881773 97% => OK
Language errors: 0.0 5.33497536946 0% => OK
Sentences with positive sentiment : 10.0 6.9802955665 143% => OK
Sentences with negative sentiment : 2.0 2.75862068966 72% => OK
Sentences with neutral sentiment: 2.0 2.91625615764 69% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.2695269619 0.242375264174 111% => OK
Sentence topic coherence: 0.0950935466317 0.0925447433944 103% => OK
Sentence topic coherence SD: 0.0522617038079 0.071462118173 73% => OK
Paragraph topic coherence: 0.166054289816 0.151781067708 109% => OK
Paragraph topic coherence SD: 0.0449604410464 0.0609392437508 74% => OK
Essay readability:
automated_readability_index: 13.2 12.6369458128 104% => OK
flesch_reading_ease: 50.16 53.1260098522 94% => OK
smog_index: 8.8 6.54236453202 135% => OK
flesch_kincaid_grade: 11.5 10.9458128079 105% => OK
coleman_liau_index: 12.3 11.5310837438 107% => OK
dale_chall_readability_score: 8.72 8.32886699507 105% => OK
difficult_words: 76.0 55.0591133005 138% => OK
linsear_write_formula: 11.0 9.94827586207 111% => OK
gunning_fog: 10.4 10.3980295567 100% => OK
text_standard: 9.0 10.5123152709 86% => OK
What are above readability scores?
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Rates: 77.7777777778 out of 100
Scores by essay e-grader: 70.0 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.