Credit and Debit Cards

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

• Debit card

• Credit Card

Elijah's grandmother takes him out for pizza for his 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

Anika made the softball team. YEAH!!! Her dad takes her 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

Maya is reviewing her monthly expenses and notices that interest is charged if the balance is not paid each month.

• Debit Cards

• Credit Cards

• Both

Sophia is planning a shopping trip and is considering how she will pay for her purchases. She wonders if fees may be charged when using different payment methods.

• Debit Cards

• Credit Cards

• Both

Anika is applying to rent her first apartment and wonders if her credit history will affect her chances.

• True

• False

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

• True
• False

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

• True

• False