credit vs debit

Purchase is withdrawn directly from a checking or savings account.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.RP.A.3

CCSS.7.EE.B.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.RP.A.3

CCSS.7.EE.B.3

Which type of card is directly linked to your bank account?

• Credit card

• Debit card

Which type of card is borrowing money that you have to pay back later?

• Credit card

• Debit card

Which type of card is normally free if you keep a minimum balance in your bank account?

• Credit card

• Debit card

Which type of card limits you to the money in your bank account?

• Credit card

• Debit card

Which type of card is normally necessary to rent a car or book a hotel room?

• Credit card

• Debit card