Advantages and Disadvantages


  • No receipts to keep track of
  • No need to reconcile your receipts to your credit card statement
  • Helps you stay on budget


  • Potential inconvenience of going/getting to an ATM
  • Potential for losing your wallet/having it stolen (but this can also happen with other forms of payment)
  • You may have an emergency and need to make a purchase but not have enough cash to do so