Debit vs. Credit

Money is withdrawn directly from a checking or savings account.

• Credit

• Debit

Each purchase is a loan that is repaid later.

• Credit

• Debit

Consumers can purchase items now and pay for them later

• Credit

• Debit

• Both

Large fees may be charged if you spend more than what is in YOUR ACCOUNT.

• Credit

• Debit

A PIN (Personal Identification Number) is required to make a purchase.

• Credit
• Debit
• Both

Interest may be charged, but can be avoided by paying the entire balance each month.

• Credit

• Debit

Eric purchased a movie ticket with his card. This money will come straight out of his checking account. What card did he use?

• Credit

• Debit

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.

• Credit

• Debit

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

• Credit

• Debit

Mr. Reyes's car broke down.  He needed $3,499 in repairs.  Which card will he most likely use?

• Credit
• Debit