Debit Cards vs. Credit Cards (6.14B)

This is a small plastic card with a 16 digit number on it.

• Credit Card

• Debit Card

• Both

• Neither

If you use this type of card, you are spending money from your own bank account.

• Credit Card

• Debit Card

• Both

• Neither

This type of card is issued by a financial institution.

• Credit Card

• Debit Card

• Both

• Neither

If you use this type of card, you are borrowing money that you will pay back later.

• Credit Card

• Debit Card

• Both

• Neither

If you use this type of card, you will be charged interest (if you don't pay your balance in full).

• Credit Card

• Debit Card

• Both

• Neither

This type of card requires a PIN to be entered when you use it.

• Credit Card

• Debit Card

• Both

• Neither

You can use this type of card at an ATM or get "Cash Back".

• Credit Card

• Debit Card

• Both

• Neither

There is almost no chance that you will go into debt if you use this card.

• Credit Card

• Debit Card

• Both

• Neither

This type of card can help you build your credit score.

• Credit Card

• Debit Card

• Both

• Neither

This type of card lets you buy things, even if you can't really afford to.

• Credit Card

• Debit Card

• Both

• Neither

Tags

CCSS.RI.4.10

CCSS.RI.5.10

CCSS.RI.6.4

CCSS.RI.7.4

CCSS.RI.8.4