Cash buyers of computers, cellphones, and TVs may not receive extended warranties, purchase protection, or fraud coverage.
Avoid cash-only bookings, especially flights and hotels. Travel insurance, cancellation protection, and charge disputes are available with credit cards.
Cash payments for large items like furniture sets or major appliances lack the traceability and documentation of credit card transactions, making returns, warranties, and quality issues more difficult.
If you buy expensive jewelry or valuables with cash, you may not have receipts or documentation for insurance, appraisal, or proof of purchase in case of theft or loss.
Without fraud protection or a transaction record, cash purchases online are dangerous and hard to trace or dispute.
Buying a car with cash may limit negotiation leverage or prevent lower-interest financing. If handled well, financing can build credit.
A portion of the home purchase may be purchased with cash, however relying only on cash may be risky owing to carrying big amounts and missing out on mortgage perks.
Cash for business costs can make accounting and tracking spending for tax purposes or business reimbursements difficult.