Over the last few years, credit cards have taken the lead in terms of popularity but checkbooks are still around. Since there’s no one stopping you from getting both, it’s merely a matter of convenience and preference which one you choose. However there are distinct differences between the two and the battle is a lot closer than you would imagine. Let’s take a closer glance at what exactly you stand to gain by using a checkbook and the same in the case of the credit card. It’s worth noting that this isn’t supposed to prove that one method of payment is better than the other but merely to highlight both their advantages and disadvantages. There are plenty of reasons for both to have a spot in your bag, such as being easy to carry and giving you access to cool accessories like the www.ibricraft.com checkbook holders and wallets.
Advantages and disadvantages of the check and checkbook
- When you’re using a checkbook, you can write a check to yourself and cash it in at a nearby established business for maximum convenience and quick, easy cash
- A checkbook will let you pay exactly the amount you want to pay, meaning that you can be a lot more precise with your spending
- Checks can be written anywhere so long as you have a pen, meaning that you can always hand out whatever sum you need to whomever you need without having to carry huge amounts of cash on person
- You don’t depend on banks that close early in order to cash a check, which is extremely convenient especially to those that have schedules with prevent them from getting to the bank in time
- On the bad side, checks are useless if you are trying to shop online
- Checks are also pretty bad in the rain
Advantages and disadvantages of the credit card
- With a credit card you can do your shopping online, meaning that you don’t even have to leave your home for maximum convenience
- Credit cards let you pay in any store and you don’t have to carry cash around with you
- Credit cards are more resistant to weather conditions and you don’t have to be as gentle with them
- The new RFID technology lets you pay for your groceries just by touching the scanner with your card, so it’s the least amount of effort you will ever need in order to complete a payment
- Not so good is the fact that you depend on having an ATM nearby in order to use your credit card to get cash
- The new RFID technology also makes it possible for thieves to scan your card just by walking really close to you
