Credit and Debit Cards

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

• Debit card

• Credit Card

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

• Debit card

• Credit Card

Your aunt buys you a new outfit for the first day of school. She pays with a card and tells you she’ll pay for it at the end of the month when she gets her bill. 

• Debit card
• Credit card

Your family is on vacation and you need more cash. Your dad goes to the ATM and gets a $500 cash advance. He says, “Just one more vacation expense we’ll have to pay off when we get home.”

• Debit card

• Credit card

You made the softball team. YEAH!!! Dad takes you to buy a uniform. He pays for the purchase with a card, enters his PIN and gets $20 in cash back from his checking account.

• Debit card
• Credit card

Interest is charged if balance is not paid each month.

• Debit Cards
• Credit Cards
• Both

Fees may be charged

• Debit Cards
• Credit Cards
• Both

My credit history does not affect my chances for renting my first apartment.

• True
• False

To build a positive credit history, I should pay cash for all purchases.

• True
• False

I need to first pay bills, such as a loan or a phone bill to establish credit history.

• True
• False