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: Credit Card, Debit Card, Both

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

Back

Credit Card

Front

Uses a PIN (personal identification number) for transactions

Back

Debit Card

Front

A plastic card used to make purchases

Back

both