There is an increasing number of people using the credit card which seems likely to replace the coins and notes in the future. Do you think it is a positive or negative development?
The ease in swiping a credit card for a purchase has made it very popular nowadays. Therefore, many opine that this plastic money will replace the coins and paper money in future. It has both a positive as well as a negative development.
To begin with, there are many benefits of credit cards. Firstly, these can be used practically everywhere, especially overseas. They can also boost purchasing power of the person because they can be used to buy goods and services over the phone, through the mail and online. To add to it, they provide financial backup in the event of an emergency, such as an unexpected healthcare cost, job loss or auto repair. Furthermore, credit cards allow you to purchase items and pay them off in monthly installments. They also offer discounts and rewards at stores. For instance, when a person makes purchases using the credit card he can collect points, which accumulate and can be used to get free items, such as airline tickets. Some cards may offer cash back as an incentive to use the card. They can help build your credit history. A person with a good credit history does not face problems when applying for a loan for any reason. Credit cards also keep a record of your expenses, helping you to monitor your financial activities.
On the other hand, credit cards can have their disadvantages. The most dangerous part of credit cards is not paying them off on time, and once falling behind by one payment, late fees, interest, and penalties build very fast because of which many people find themselves sunk in credit card debt, with no way out. Another big disadvantage is the hidden costs. There is the start-up fees and processing fees and also the annual fees, which is quite an amount. Finally, one of the most overlooked negative aspects to credit cards is the ease with which cardholders overspend. The psychology behind this is simple as a person purchases items without ever exchanging actual money, so there is no feel of spending.
Summing up, as with anything, there are advantages and disadvantages of using credit cards. It is in the hands of the person using the card to make its advantages outstrip the disadvantages.
Grammar and spelling errors:
Line 1, column 170, Rule ID: IN_PAST[1]
Message: Did you mean: 'in the future'?
Suggestion: in the future
... will replace the coins and paper money in future. It has both a positive as well as a ne...
^^^^^^^^^
Line 1, column 204, Rule ID: BOTH_AS_WELL_AS[1]
Message: Probable usage error. Use 'and' after 'both'.
Suggestion: and
...money in future. It has both a positive as well as a negative development. To begin wit...
^^^^^^^^^^
Transition Words or Phrases used:
also, finally, first, firstly, furthermore, look, may, so, therefore, well, for instance, such as, as well as, to begin with, on the other hand
Attributes: Values AverageValues Percentages(Values/AverageValues)% => Comments
Performance on Part of Speech:
To be verbs : 13.0 13.1623246493 99% => OK
Auxiliary verbs: 9.0 7.85571142285 115% => OK
Conjunction : 12.0 10.4138276553 115% => OK
Relative clauses : 7.0 7.30460921844 96% => OK
Pronoun: 24.0 24.0651302605 100% => OK
Preposition: 45.0 41.998997996 107% => OK
Nominalization: 3.0 8.3376753507 36% => More nominalizations (nouns with a suffix like: tion ment ence ance) wanted.
Performance on vocabulary words:
No of characters: 1805.0 1615.20841683 112% => OK
No of words: 374.0 315.596192385 119% => OK
Chars per words: 4.82620320856 5.12529762239 94% => OK
Fourth root words length: 4.3976220399 4.20363070211 105% => OK
Word Length SD: 2.58809856226 2.80592935109 92% => OK
Unique words: 207.0 176.041082164 118% => OK
Unique words percentage: 0.553475935829 0.561755894193 99% => OK
syllable_count: 564.3 506.74238477 111% => OK
avg_syllables_per_word: 1.5 1.60771543086 93% => OK
A sentence (or a clause, phrase) starts by:
Pronoun: 7.0 5.43587174349 129% => OK
Article: 4.0 2.52805611222 158% => OK
Subordination: 2.0 2.10420841683 95% => OK
Conjunction: 2.0 0.809619238477 247% => Less conjunction wanted as sentence beginning.
Preposition: 5.0 4.76152304609 105% => OK
Performance on sentences:
How many sentences: 22.0 16.0721442886 137% => OK
Sentence length: 17.0 20.2975951904 84% => The Avg. Sentence Length is relatively short.
Sentence length SD: 47.1253164928 49.4020404114 95% => OK
Chars per sentence: 82.0454545455 106.682146367 77% => OK
Words per sentence: 17.0 20.7667163134 82% => OK
Discourse Markers: 6.5 7.06120827912 92% => OK
Paragraphs: 4.0 4.38176352705 91% => OK
Language errors: 2.0 5.01903807615 40% => OK
Sentences with positive sentiment : 13.0 8.67935871743 150% => OK
Sentences with negative sentiment : 6.0 3.9879759519 150% => OK
Sentences with neutral sentiment: 3.0 3.4128256513 88% => OK
What are sentences with positive/Negative/neutral sentiment?
Coherence and Cohesion:
Essay topic to essay body coherence: 0.24149998814 0.244688304435 99% => OK
Sentence topic coherence: 0.0709365796087 0.084324248473 84% => OK
Sentence topic coherence SD: 0.0447573698019 0.0667982634062 67% => OK
Paragraph topic coherence: 0.144790154432 0.151304729494 96% => OK
Paragraph topic coherence SD: 0.0227492237564 0.056905535591 40% => Paragraphs are similar to each other. Some content may get duplicated or it is not exactly right on the topic.
Essay readability:
automated_readability_index: 9.8 13.0946893788 75% => Automated_readability_index is low.
flesch_reading_ease: 62.68 50.2224549098 125% => OK
smog_index: 3.1 7.44779559118 42% => Smog_index is low.
flesch_kincaid_grade: 8.7 11.3001002004 77% => OK
coleman_liau_index: 10.44 12.4159519038 84% => OK
dale_chall_readability_score: 7.98 8.58950901804 93% => OK
difficult_words: 83.0 78.4519038076 106% => OK
linsear_write_formula: 6.5 9.78957915832 66% => OK
gunning_fog: 8.8 10.1190380762 87% => OK
text_standard: 9.0 10.7795591182 83% => OK
What are above readability scores?
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Rates: 78.6516853933 out of 100
Scores by essay e-grader: 7.0 Out of 9
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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.