Credit Cards > Cash

Paying items by credit card is much better than cash. Here are my reasons:

• No Pennies: No need to cringe when the total comes out to being $10.01. Also, I hate carrying change in my pocket for several reasons: they’re heavy & dirty, they make too much noise, and they tend to fall out of my pocket when I sit down. If I use a credit card, I eliminate all the loose change in my car and underneath my sofa. Thus, my net worth is higher because I reduce the chances of losing money.
• Safer: By Federal law, I am only liable up to $50 per credit card for unauthorized transactions! This is safer than losing a wallet and all the cash inside of it.
• No ATM Fees: I do not have to worry about whether or not I have enough cash to go shopping at the local mall. In addition, I do not have to worry about the double transaction fees accompanied with using a third party ATM.
• Lean Wallet: I am not a fan of carrying a wallet that looks like it goes to the gym every other day. Nor am I a fan of having the illusion that I have a tumor in my upper thigh from carrying such a bulky object. Thus, the less cash I carry, the merrier. If a single credit card can replace lugging around nine one dollar bills, then I am all for it!
• Confidence: Want to return that “As Seen On TV” knife set because it does not cut through marble like a hot knife through butter? No problem, just dispute the charges! American Express makes this process very simple. This, along with high transaction fees, is the reason why many stores do not often take American Express. If you paid by cash, then you are at the mercy of the store that you purchased it from.

Take away point: Just as long as you use a credit card wisely, then using a credit card is much more efficient than using cash.