What is the difference between credit card, cash and check?

Credit card, a payment instrument, has now become an indispensable means of exchange in the economy of many countries. Compared with cash and checks, it can bring more convenience to consumers and merchants. Fully reflects the superiority of credit cards.

(1) Cash is thicker and more complex than credit cards in terms of area, weight and amount;

(2) Cash is easy to be stolen and difficult to recover. Reply;

(3) Defects of the check itself. First, check books are not easy to carry, and second, checks are difficult to use across regions. This is mainly to prevent the risk of bad checks. Check guarantee services can only partially prevent the risk of bad checks, and the guarantee fee is high, generally 1%-2.2%. The issuer with a high degree of risk may even need to pay a guarantee fee of up to 5%;

( 4) The use of credit cards has promoted the development of ordering methods such as mail ordering, telephone shopping and online shopping. Before credit cards, people had to get a list of goods, fill out an order form, and mail it out with a check, which was extremely time-consuming. Using a credit card can greatly save transaction time and improve transaction efficiency.