Credit and Debit Cards

Front

What is a debit card?

Back

A debit card is a payment card that is directly linked to your bank account, allowing you to spend only the money you have.

Front

What is a credit card?

Back

A credit card is a payment card that allows you to borrow money from a bank to make purchases, which you must pay back later.

Front

When using a debit card, whose money are you using?

Back

You are using your own money.

Front

How is using a debit card similar to using a check?

Back

Using a debit card is similar to using a check because it withdraws money directly from your bank account without needing to carry a checkbook.

Front

What is one advantage of using both debit and credit cards?

Back

Both debit and credit cards are convenient to use for making purchases.

Front

What happens if you try to spend more money than you have with a debit card?

Back

If you try to spend more money than you have with a debit card, the transaction will be declined.

Front

What is the main difference between a debit card and a credit card?

Back

The main difference is that a debit card uses your own money, while a credit card allows you to borrow money.

Tags

CCSS.RI.5.3

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3

CCSS.RI.7.5

Front

Can you earn rewards with a debit card?

Back

Some debit cards offer rewards, but credit cards typically offer more rewards and benefits.

Front

What is a common feature of credit cards?

Back

A common feature of credit cards is the ability to carry a balance and pay interest on that balance.

Front

What should you do if you lose your debit or credit card?

Back

You should report the loss to your bank immediately to prevent unauthorized transactions.