Re:How Millennials Became Spooked by Credit Cards
by antisthenes on Monday August 15, 2016 @03:17PM
(#12292717)
Yes, with 1 major downside.
You have to handle cash and all the negatives that come with that.
Using ATMs (finding one, avoiding fees, navigating the myrian of poorly designed UIs) and carrying large amounts of cash is a major inconvenience compared to carrying 1 piece of plastic. No incentive to rob people either if they don't have anything but easily replaceable credit cards.
Having a digital trail for yourself also simplifies budgeting and record-keeping tremendously.
You have to handle cash and all the negatives that come with that. Using ATMs (finding one, avoiding fees, navigating the myrian of poorly designed UIs) and carrying large amounts of cash is a major inconvenience compared to carrying 1 piece of plastic. No incentive to rob people either if they don't have anything but easily replaceable credit cards. Having a digital trail for yourself also simplifies budgeting and record-keeping tremendously.