Debit and Credit Cards

Purchase is withdrawn directly from a checking account.

• Debit card

• Credit card

• Both

Tags

CCSS.6.NS.C.5

Each purchase is a loan that is repaid later

• Debit card
• Credit card
• Both

Tags

CCSS.6.NS.C.5

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

• Debit card
• Credit card
• Both

Interest may be charged.

• Debit card
• Credit card
• Both

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

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

• Debit card
• Credit card
• Both

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• An account where money can easily be deposited and withdrawn by means of checks, debit cards and ATM transactions.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.9-10.4

CCSS.RI.9-10.4

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

I will get a bill at the end of the month for this card

• Debit Card
• Credit Card
• Both

Tags

CCSS.6.NS.C.5

More useful when you are short on cash in an emergency.

• Debit card

• Credit card

• Both

Tags

CCSS.6.NS.B.3

Your grandmother takes you out for pizza for your birthday. She pays with a card and money for the bill comes out of her checking account. 

• Debit card
• Credit Card

Tags

CCSS.6.NS.C.5

Your mom goes to the ATM at the bank and withdraws $300 from her checking account with her card.

• Debit card

• Credit Card

Tags

CCSS.6.NS.B.3