Influence of Plastic Money on Rewards and Benefits

Abstract

Plastic money has increased the number of transactions through bank accounts. Due to the use of plastic money the most of the transactions are taken place through the bank accounts directly and this will definitely reduce the supply of black money and quota notes circulation in the society. Plastic money transaction helps in increase the flow of tax to the government. Plastic money can offer several advantages, including convenience and security. There are also a few disadvantages to using plastic money, such as the potential for fraud and overspending. Many people are using plastic money for getting rewards and benefits through their purchase. This indicates that the bulk purchase and multiple time usage of plastic money influenced to get rewards and benefits from the marketers.