24- Credit or Debit card Repayments

Front

You buy groceries with a card. The money comes directly from your bank account.

Back

Debit card

Front

Ryan wants to buy a new phone but does not have enough money. Which is NOT an option for Ryan? Options: Use his credit card to pay for the phone now., Use a debit card to pay for the phone now., Save money and use his debit card to pay for a phone at a later date., Save money and write a check to pay for a phone at a later date.

Back

Use a debit card to pay for the phone now.

Front

You use a PIN to make a purchase and withdraw money from an ATM or bank.

Back

Debit card

Front

Purchases with this card can be paid over time and you have to pay interest on it (extra money)

Back

Credit card

Front

To avoid carrying cash, Ned pays for his lunch using this card. Each time he uses this card his checking account decreases. Which card did he use?

Back

Debit card

Front

You use this card to purchase items in a store.

Back

Both

Front

You purchase shoes with a card. There isn't enough money in your account and you are charged an overdraft fee.

Back

Debit card

Front

What is an advantage of using a debit card instead of a credit card to pay for a purchase?

Back

A debit card pulls money directly from your checking account so it's more difficult to overspend.

Front

Mrs. Brady took her family out to eat. She handed the waitress a card to purchase the meal. This charge appeared on a bill that she paid three weeks later. Which card did she use?

Back

Credit card

Front

You apply to get this card and are approved with a spending limit.

Back

Credit card