plastic money
Plastic money is a term that is used predominantly in reference to the hard plasticcards we use everyday in place of actual bank notes. They can come in many different forms such as cash cards, credit cards, debit cards, pre-paid cash cards and store cards.
Katie Harry answered
Plastic money are the alternative to the cash or the standard 'money'. Plastic money is used to refer to the credit cards or the debit cards that we use to make purchases in our everyday life. Plastic money is much more convenient to carry around as you do not have to carry a huge some of money with you. It is also much safer to carry it along or to travel with it as if it is stolen one can consult the bank whose service you are using and get it blocked hence saving your money from getting stolen or even lost.
Nowadays even developing countries like India are encouraging the use of these plastic money more than cash due to these reasons. Furtermore thesecredit and debit cards also have plastic used in their making and that is where the name 'platic money' has originated from.
Anonymous answered
The term "plastic money" can refer to plastic credit cards, debit cards and EFTPOS cards, and in many countries, this is the only common meaning, but in some countries, it can refers to the banknotes (notes or bills) that are made out of a type of plastic that is is floppy and easy to bend, like paper, but it is waterproof, and difficult to tear.
Cash Cards - A card that will allow you to withdraw money directly from your bank via an Authorised Teller Machine (ATM) but it will not allow the holder to purchase anything directly with it.
Credit Cards - Again this card will permit the card holder to withdraw cash from an ATM, and a credit card will allow the user to purchase goods and services directly, but unlike a Cash Card the money is basically a high interest loan to the card holder, although the card holder can avoid any interest charges by paying the balance off in full each
Katie Harry answered
Plastic money are the alternative to the cash or the standard 'money'. Plastic money is used to refer to the credit cards or the debit cards that we use to make purchases in our everyday life. Plastic money is much more convenient to carry around as you do not have to carry a huge some of money with you. It is also much safer to carry it along or to travel with it as if it is stolen one can consult the bank whose service you are using and get it blocked hence saving your money from getting stolen or even lost.
Nowadays even developing countries like India are encouraging the use of these plastic money more than cash due to these reasons. Furtermore thesecredit and debit cards also have plastic used in their making and that is where the name 'platic money' has originated from.
Anonymous answered
The term "plastic money" can refer to plastic credit cards, debit cards and EFTPOS cards, and in many countries, this is the only common meaning, but in some countries, it can refers to the banknotes (notes or bills) that are made out of a type of plastic that is is floppy and easy to bend, like paper, but it is waterproof, and difficult to tear.
Cash Cards - A card that will allow you to withdraw money directly from your bank via an Authorised Teller Machine (ATM) but it will not allow the holder to purchase anything directly with it.
Credit Cards - Again this card will permit the card holder to withdraw cash from an ATM, and a credit card will allow the user to purchase goods and services directly, but unlike a Cash Card the money is basically a high interest loan to the card holder, although the card holder can avoid any interest charges by paying the balance off in full each