Debit and Credit Cards

Money is withdrawn directly from a checking or savings account.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

Consumers can purchase items now and pay for them later.

• Debit Card

• Credit Card

• Both

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

• Debit Card

• Credit Card

• Both

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

• Debit Card

• Credit Card

• Both

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

• Debit Card

• Credit Card

• Both

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

Rosa’s gas pump went out as she was driving her car to work. Since she did not have enough money to cover the cost to replace the pump, she used a card that allowed her to pay later. What card did she use?

• Debit Card

• Credit Card

• Both

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

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. Which card did she use?

• Debit Card

• Credit Card

• Both

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

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

• Debit Card

• Credit Card

• Both

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4

It may require a signature when making a purchase.

• Debit Card

• Credit Card

• Both