Does your choice depends on somehing? And from what country are you?
Norway.
The only ones using cash here are the elderly, immigrant workers and contractors that skip VAT. Been like that a long time. A restaurant chain here stopped accepting cash (illegal), and there was barely some buzz in the media. Buzz so brief I don’t know how it ended.
I almost never have cash on me. It’s debit or credit always. Here’s my thought process on paying with cash. If I buy something that costs, say $4.55, and I hand over a $5 dollar bill, that item has really just cost me $5.00 because what am I realistically going to do with the 45 cents in change?
Back in the day you take that .45 cents and throw it in a big old empty pickle jar with the rest of your loose change.
the problem now is that I’ll just have a big pickle jar with 45 cents. Next year, I’ll have a pickle jar with 60 cents… maybe by the time I retire I’ll have a whole five dollars of change and exchange it for a bill…
Sure. At the current rate. But it’s likely that if you use cash more often then your pickle jar fills up sooner.
The amount of cash I use is only decreasing with every year. I’m not going to further inconvenience myself just to validate a pickle jar.
Credit card for the rewards, paid monthly. Keep cash for tipping and small stuff.
US: Credit card only, almost exclusively using Apple Pay. If I somehow obtain cash, I deposit it so that I can spend it using a card instead and earn the rewards. I actively use about half a dozen cards, choosing the right one for each transaction to maximize rewards.
While its solid you’re into the efficiency of it all, as an outsider it seems like an added headache to remember which card would be best for which outlet / type of transaction. I personally just maintain a few cards and only switch once I’ve reached about 50-60% the limit.
I can’t even remember the last time I had cash in my wallet
Cash. feels better + Banks cant track me
Banks also seem willing to share their data with government agencies.
Cash, because I try to keep at least some privacy.
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Could be a Berlin thing, but I found it so weird when I was there in early 2020 that most places didn’t accept card.
Half cash, half card. I’m from Germany and I think that giving banks the level of control they’d have in a cashless society is one of the dumbest things a society can do.
Cash, everywhere. It’s been weird to see some places refuse cash, and I usually don’t go back.
USA - Cash a lot more recently. With how easy it is for my bank and stores to track my purchases with card, I’ve switched to cash as much as possible. Some stores say no cash but even those have never actually refused cash. I assume they’re just trying to deter thieves.
The spark for this change for me was Target. I first looked into it cause I hated how they scanned my ID barcode when buying alcohol. Also, they openly track purchases even made without your account by your credit card number. In addition to what I’ve heard about intensive surveillance in the stores via high resolution cameras, enough to read phone messages, I have sworn off Target entirely.
EDIT: oh and to avoid tip creeping. I absolutely hate when non-tipped places ask for tips. Cash makes it a lot easier to avoid.
Interesting to see how common it still is to exclusively use cash, especially in European countries. In Canada, they put us in a prisoners dilemma situation where things cost the same regardless of whether you pay cash or card, but if you pay card, the merchant pays a fee and you get a portion of that fee, making it cheaper for you, while also raising the prices because they need to factor in this extra fee, so things are actually more expensive overall, and moreso if you pay cash.
Besides the monetary incentives, it’s also much easier to track my expenses with a credit card.
cash is printed freedom
UK, card exclusively.
The charges on card is lifted some years ago and now there’s no need to carry cash anywhere.
UK here - same for me for the last decade at least. The only thing I still pay for with cash is the barbers (although on my most recent visit I spotted a card terminal)
cash. i don’t buy much because i can’t afford to, and what i do is purchased in a real store.
not even well fargo or boa would make a fake account using my data.
