Credit vs Debit

Front

You are charged interest on purchases

Back

credit card

Front

Great for emergency situations

Back

credit card

Front

It is convenient

Back

Both

Front

May receive cash from an ATM: credit card, debit card, both

Back

both

Front

Money is borrowed and repaid at a later date

Back

Credit Card

Front

Money is automatically taken out of a checking or savings account

Back

Debit Card

Front

It replaces cash

Back

Both

Front

May cause unnecessary debt: Credit Card, Debit Card, Both

Back

Credit Card

Front

Issuer uses the "minimum payment trap" to keep you in debt and paying interest. What type of card is this associated with?

Back

Credit Card

Front

Needed in order to build a credit history, which will allow you to borrow money to buy a car, house, etc.

Back

credit card