Credit vs Debit REYES

Money is withdrawn directly from a checking or savings account. 

• Credit
• Debit
• Both

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Each purchase is a loan that is repaid later.

• Credit
• Debit
• Both

Consumers can purchase items now and pay for them later

• Credit
• Debit
• Both

Large fees may be charged if you spend more than what is in YOUR ACCOUNT.

• Credit
• Debit

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CCSS.HSA.CED.A.1

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Convenient to use.

• Credit
• Debit
• Both

Tags

CCSS.6.NS.C.5

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

• Credit
• Debit
• Both

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

• Credit
• Debit
• Both

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

• Credit
• Debit
• Both

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

• Credit
• Debit
• Both

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
• Credit
• Both
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