It is recommended to spend around forty minutes to complete this task.

Write about the following topics:

Today, money-saving plastic products such as debit and credit cards are very well-liked, much more so that banknotes or coins.Discuss the benefits and drawbacks of this.

Explain the reasons in detail and support the reasons using examples from your personal experience or your information.

You must write at least 250 words on IELTS writing task 2.

Questions Overview

Topic Topic: Money
Type Discussion

Model Answer:

Electronic transactions are gradually replacing traditional banking and, in addition, the use of banknotes is being replaced by credit and debit cards. The shift towards a global society could seem slow but it’s steady and common. The shift in the paradigm can have both positive and negative implications, and this informative article focuses on both.

Most of the time, digital trades and payments with plastic cards are a bit more convenient and can be completed on the go. The consumer does not need to pay an entire amount of money, nor write an exam, which usually will take a couple of days to clear the payment. The process of payment is global in nature and is hassle-free. This is why it is no wonder that the eCommerce market has been growing and many individuals have their own business online, that does not have a physical store. For instance, today it’s easy to shop with the VISA or credit card practically anywhere on the planet. Personally I don’t like waiting in a long line to pay my utility bills, as well as my credit cards. I am able to pay it from the home – which is a time-saver.

On the other hand, the tendencies do not come without negative aspects. Although we are able to utilize the cards as a result of technological advances, the dangers of using plastic currencies depend on the specific technology. In this example, if a credit card is cloned or the sensitive data of the card is stolen, the owner will suffer a massive financial loss. The tech giant Facebook has not taken the time to protect the information of its users for instance as well as the misuse of information from customers is a major issue worldwide. The same is true for credit debit and credit card payment methods that have the same vulnerabilities.

In the end, even though there are certain negative consequences of having plastic cash to receive and paying is the norm of the day. It has a myriad of advantages, however we must be mindful when using it.

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