Does It Matter Whether You Pay With Cash Or A Credit Card?

Are there any downsides to using credit cards instead of cash?

There are many signs that the world is moving towards a cashless economy. As just one example, a large study spanning 60 countries found that consumers made a total of 417 billion cashless payments in 2014, up from 311 billion transactions just four years earlier (or a third more, in percentage terms). One recent industry study found that only 14% of Am…