Debit Cards Vs. Credit Cards 22

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

• Credit card

• Debit card

Which type of card pulls money that you already have directly out of your bank account?

• Credit card

• Debit card

Which type of card will charge fees if there is an unpaid balance at the end of the month?

• Credit card

• Debit card

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

• 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

Each purchase is a loan that is repaid later

• Debit card
• Credit card
• Both

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

• Debit card
• Credit card
• Both

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

• Debit Cards
• Credit Cards
• Both

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• An account where money can easily be deposited and withdrawn by means of checks, debit cards and ATM transactions.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.5.3

CCSS.RI.5.5

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.3