Debit vs Credit

Purchase is withdrawn directly from a checking or savings account. 

• Debit card
• Credit card
• Both

Each purchase is a loan that is repaid later

• Debit card
• Credit card
• Both

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

You can purchase an item now and pay for it later.

• Debit card
• Credit card
• Both

It may require a signature when making a purchase. 

• Debit card
• Credit card
• Both

Tags

CCSS.7.RP.A.3

Interest may be charged.

• Debit card
• Credit card
• Both

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

It can be used to purchase goods and services.

• Debit card
• Credit card
• Both 

Tags

CCSS.6.NS.C.5

It requires the use of a PIN when making a purchase. 

• Debit card
• Credit card
• Both

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

• Debit Cards
• Credit Cards
• Both

Transaction Fees may be charged.

• Debit Card
• Credit Card
• Both

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

A checking account is

• An interest bearing account where your deposit remains for a set period of time
• An account where money can easily be deposited and withdrawn by means of checks, debit cards and ATM transactions.
• A computer that checks your email account

Tags

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

CCSS.RI.9-10.4