Credit vs Cash or Debit Card

Credit Card

and

Debit Card

Be sure to have the following pages in your notebook. Follow along slide by slide and answer the questions and fill in as required.

​Credit Cards vs. Debit Card

Two cards that are similar but yet very different!

LEARNING TARGET:

1. Explain the difference between a credit card and a debit card.

2. Identify when a credit card or a debit card should be used.

Watch the video on the next slide. Be prepared to answer question.

Some text here about the topic of discussion

Find this page in your notebook. Use it to answer the questions on the next slides.

Drag and Drop

Credit cards allow ​ ​

Placeholder

to ​

Placeholder

money from a financial institution, also called a ​

Placeholder

and pay it back ​

Placeholder

.

Drag these tiles and drop them in the correct blank above

consumers

borrow

bank

later

bankers

take

now

Drag and Drop

Debit cards allow ​

Placeholder

to ​

Placeholder

money they have ​

Placeholder

in their ​

Placeholder

account.

Drag these tiles and drop them in the correct blank above

consumers

spend

deposited

bankbank

withdraw

withdrawn

credit

credit card

Multiple Choice

Small, hard, plastic card.

• Credit Card

• Debit Card

• I Don't Know

• Both

Multiple Choice

If the card is lost or stolen, report it immediately.

• Credit Card

• Debit Card

• I Don't Know

• Both

Multiple Choice

Cards can be used to purchase goods or services.

• Credit Card

• Debit Card

• I Don't Know

• Both

Multiple Choice

Fees may be charged.

• Credit Card

• Debit Card

• I Don't Know

• Both

​​Use the following slide to fill in the missing information for these worksheets in your notebook. Then answer the questions that follow.

When you finish both pages, take a picture and upload to today's google classroom

Debit Card

​Use the following slide to fill in the missing information for these worksheets in your notebook. Then answer the questions that follow.

When you finish both pages, take a picture and upload to today's google classroom

Credit Card

​Credit Card vs. Debit Card

Some text here about the topic of discussion

Using this slide, in your notebook, fill in the missing words for Credit Cards.

Then answer the questions that follow.

Dropdown

You ​

Select answer

a purchase on a credit card.

​

Select answer

company pays the ​

Select answer

Credit card company sends you a ​

Select answer

and you ​

Select answer

the credit card company.

Drag and Drop

1. You receive a ​

Placeholder

each month.

2. The full bill ​

Placeholder

need to be paid.

3. ​

Placeholder

is charged on the unpaid amount.

4. There is a ​

Placeholder

added if the bill is not paid on time.

Drag these tiles and drop them in the correct blank above

bill

doesn't

Interest

late fee

does

no late fee

No interest

Drag and Drop

​

Placeholder

is limited by a credit limit.

2. You must ​

Placeholder

for a credit card and you need to be ​

Placeholder

.

3. ​

Placeholder

your credit with ​

Placeholder

credit card use.

Drag these tiles and drop them in the correct blank above

Spending

apply

approved

build

responsible

borrowing

ask

irresponsible

Using this slide, in your notebook, fill in the missing words for Debit Cards.

Then answer the questions that follow.

Drag and Drop

You ​

Placeholder

a purchase with your debit card.

The bank ​

Placeholder

your money to the ​

Placeholder

Money is ​

Placeholder

from your ​

Placeholder

account.

Drag these tiles and drop them in the correct blank above

make

sends

store.

deducted

checking

added

deposited

bank

credit card

Drag and Drop

Debit cards are issued by a ​

Placeholder

and linked to a customer's ​

Placeholder

or ​

Placeholder

account.

Spending is ​

Placeholder

by how much money is in the back account.

There may be ​

Placeholder

fees for spending more than what is in the account.

Drag these tiles and drop them in the correct blank above

bank

checking

limited

overdraft

credit card company

unlimited

an ATM

Drag and Drop

A ​

Placeholder

is required to make a purchase or get ​

Placeholder

out.

Drag these tiles and drop them in the correct blank above

PIN

money

a loan

Read each slide and choose if the payment is best done with a credit card or debit card.

​

After what you have learned, decide which card is best to use for which payment.

Multiple Choice

Sydney’s tire broke on the way to work. Since she did not have enough money to cover the replacement cost, she used this card that allowed her to pay later.

• Credit Card

• Debit Card

• I Don't Know

Multiple Choice

Barron made very poor financial decisions when

he was in college, he also recently missed a few

student loan payments. Because of this, he was

denied the ability to receive this kind of card.

• Credit Card

• Debit Card

• I Don't Know

Multiple Choice

Charlotte hates carrying around money because it

is so dirty. To avoid this issue, Charlotte pays for

her groceries using a card. Each time she uses

this card, her checking account decreases.

• Credit Card

• Debit Card

• I Don't Know

• Both

Multiple Choice

Curtis is going to the ATM to get some cash to pay

his brother back for a video game. When he

uses this card to get money out of an ATM, he

was asked to provide the correct PIN.

• Credit Card

• Debit Card

• I Don't Know

Multiple Choice

With this card, if you do not pay your balance on

time, interest can be charged. This can all be

avoided as long as you pay your bill on time

each month.

• Credit Card

• Debit Card

• Both

• I Don't Know

Multiple Choice

Hefty fees, referred to as overdraft fees, can be

charged to you if you spend more than what is

in your bank account on this type of card.

• Credit Card

• Debit Card

• I Don't Know

• Both

Multiple Choice

After earning Honor Roll, Kate went out to a special

dinner to celebrate with her family. Her father put

the bill on this card. The charge for dinner

appeared on the bill he received two weeks later.

• Credit Card

• Debit Card

• Both

• I Don't Know

Multiple Choice

Al wants to own a home by the time he is 30. In

order to secure a low interest rate, he must

have a good credit score. He is careful when he

uses this card and always pays the bill to ensure he will reach his goals.

• Credit Card

• Debit Card

• Both

• I Don't Know

Multiple Choice

Al wants to own a home by the time he is 30. In

order to secure a low interest rate, he must

have a good credit score. He is careful when he

uses his credit card and always pays the bill to ensure he will reach his goals.

What type of goal is this?

• Long Term Goal

• Short Term Goal

• I Don't Know

Multiple Choice

Amy and her sister Jackie each have this type card

with the same flower design on the front. The

only way to tell their cards apart is through the

cardholder name printed on the front.

• Credit Card

• Debit Card

• I Don't Know

• Both

Multiple Choice

This type of card heavily

advertises the types of points and various

rewards customers can collect after they repay

the borrowed money they spent on this card.

• Credit Card

• Debit Card

• I Don't Know

• Both

Multiple Choice

While out with friends last weekend, Carson decided

to purchase some vanilla ice cream using this card.

The money came straight out of her checking account.

• Credit Card

• Debit Card

• I Don't Know

• Both

Multiple Choice

With this card, if you do not pay your balance on

time, interest can be charged. This can all be

avoided as long as you pay your bill on time each month.

• Credit Card

• Debit Card

• I Don't Know

• Both