Credit cards and debit cards can be disabled at a whim. Prone to being fucked up by computer error
That's the beauty
if my card goes missing, I can lock it
unauthorized charges can be reversed
I'm alerted of any charge immediately.
Plus, they extend warranties on purchases & provide purchase protections.
don’t work when the internet is down, or during a disaster with no power.
Unless you carry around a large supply of cash at all times, you'll be in the same bind withdrawing cash: ATMs & account ledgers run on power & networks.
Cash always goes through, though.
That's a problem: anyone can use my cash without authorization.
If they steal it, I have no way to disable it, and it's more difficult to recover.
If I lose it, it's most likely gone.
Cash will always remain king.
Not in terms of security or recovery.
I could withdraw cash & carry it around, but then it won't earn high interest.