My own theory is that credit cards are debt.

I think credit cards are debt. Of course, I use them because they're convenient. Why is debit card usage so low, including mine?

The credit card companies advertise the benefits and encourage credit payments. Because the fees are profitable. The number of people with multiple debts is increasing because individual desires are overridden by commercial incentives.

No need to carry coins

If you don't think you're bad at it, the cashless society will be very useful. Your baggage will be reduced and you will be trusted by official occasions. But it doesn't work that way everytime. In order to use cashless payments, those who are accepted them must be prepared. But this time I'm talking about software, not hardware.

Firstly, not everyone has a credit card. To obtain one, there will be a screening process and you will need to prove your identity and finances. Mobile phone e-money can also be used because there is a subscriber.

Increasing the number of users is essential to expanding a cashless society. However, because it is money, the reality is that personal identification alone, such as my number, is not enough.

Secondly, in my opinion, a credit card is debt. No matter how much you set a spending limit, if it exceeds your income, it becomes debt. People tend to choose immediate gains over future gains. That is why there are multiple debtors. Of course, there are also debit cards that allow you to pay based on your current bank balance. Although they are rarely used.

Many people want to get something now in anticipation of a future paycheck.

Ultimately, I believe that a cashless society will increase both convenience and the multiple debts associated with deferred payments. If you want to enjoy the convenience, I think you should understand the risks and try it.