Credit vs Debit

You are charged interest on purchases

• credit card

• debit card

• both

Great for emergency situations

• credit card

• debit card

• both

It is convenient

• Credit Card

• Debit Card

• Both

May receive cash from an ATM

• credit card

• debit card

• both

Money is borrowed and repaid at a later date

• Credit Card

• Debit Card

• Both

Money is automatically taken out of a checking or savings account

• Credit Card

• Debit Card

• Both

It replaces cash

• Credit card

• Debit card

• Both

May cause unnecessary debt

• Credit Card

• Debit Card

• Both

Uses a PIN (personal identification number) for transactions

• Credit Card

• Debit Card

• Both

A plastic card used to make purcases

• credit card

• debit card

• both