A woman walks down the street with her purse on her shoulder and out of nowhere a man comes up and takes her purse off her shoulder and then runs away never to be seen again. In this situation, focusing only on your money, would you have preferred to have cash or a credit card in your wallet? This is one of many situations where people wonder whether they should carry cash or a credit card. The world has come a long way where everyone can buy anything online or over the phone. People don't carry cash like they did back then, but when they do, is it in their best interest? While it can be nice to have cash on hand and less expensive to maintain, credit cards are a faster, safer, and easier way to make payments due. For example, when making a large purchase, people don't want to carry hundreds of dollars with them. Throughout the day, you may lose some of your money or spend it on something you didn't intend to buy because it's simply available. Spending a little more at a bank to keep your money will pay off in the long run. When credit card companies "charge high interest rates if you don't pay your bill in full by the due date," it can make credit cards a more expensive way to manage your money ( cash or credit cards). For big banks, “Some credit cards also have annual fees just for using them, as well as foreign transaction fees, balance transfer fees, and late fees” (Cash Vs. Credit Cards ). When people are dealing with large amounts of money, paying these fees is nothing compared to a theft and someone taking all their money with no way of getting it back. . Additionally, if the bank misplaces some of your money, it is the bank's responsibility to recover it, not yours. Instead of having to work to get back money stolen by someone else, people can rely on the bank to cancel their card or refund the money that was stolen from them. Credit cards are useful when you are making large purchases and when you don't want to carry large purchases. sums of money around. On the other hand, cash can be easy to use to make small payments on the spot. Credit cards can be safer because people can let the bank manage their money and if something goes wrong it's the banks fault to get your money back or refund any lost or stolen money. You may find that people from the older generation use cash transactions more because they can manage their own money, but in today's changing society, more and more people are turning to credit cards and online.