Cash vs. Credit Card

Like thousands of other Americans, I recently received notice from my Mastercard that due to a recent security breach they must issue me a new credit card and I have to stop using the old one. The problem, of course, is that now I have to spend precious time switching all of the automatic billers to the new credit card. In my case, that's quite a time-consuming task.

The whole process has me convinced, probably now more than ever, that paying cash for everything is a better way to go (at least for everything I reasonably can). Since I don't carry a balance and the only two reasons why I use credit cards to begin with is to get the reward points and to track my spending, it simply isn't worth the hassle or security risk anymore. I suspect I'm not alone in this view. Perhaps we'll see a trend away from credit card use in America. Now that would be a positive trend!