Credit Card Understanding

Purchase is withdrawn directly from a checking or savings account.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.RI. 9-10.7

CCSS.RI.7.7

CCSS.RI.8.7

CCSS.RL.8.5

CCSS.RL.8.7

Purchase is withdrawn directly from a checking or savings account.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.RI.8.7

CCSS.RL.7.7

CCSS.RL.8.5

CCSS.RL.8.7

CCSS.RL.9-10.7

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

Interest may be charged.

• Debit card
• Credit card
• Both

It requires the use of a PIN when making a purchase. 

• Debit card
• Credit card
• Both

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

• Debit Cards
• Credit Cards
• 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• An account where money can easily be deposited and withdrawn by means of checks, debit cards and ATM transactions.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.7.3

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.8.5

CCSS.RI.9-10.5