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Methods of payment by Mind Map: Methods of payment

1. CASH

1.1. Benefits

1.1.1. Widely accepted

1.1.2. Tangibility

1.1.3. Freedom from debt

1.1.4. No interest or fees

1.1.5. Safety

1.2. Drawbacks

1.2.1. no theft protection

1.2.2. hard to track

1.2.3. no shopping online

1.3. WHEN to use

2. CARD

2.1. Benefits

2.1.1. Large purchases

2.1.2. Expense tracking

2.1.3. Rewards (credit score)

2.1.4. Safety

2.2. Drawbacks

2.2.1. tendency to spend more with credit

2.2.2. apply for credit

2.2.3. high fees and interest rates

2.3. WHEN to use