Understanding Gift and Payment Cards

A Gift Card is

• A card that is given as a gift.

• A card that is purchased for a certain amount and used like cash.

• A card to debit from an account.

Scarcity means

• Option's in life

• Fear of money

• Limited Resources

EBT Card

• A card for people who are eligible for government benefits

• Electronic Bank Card

• A card that allows you to spend only the amount you have pre-deposited into an account

Prepaid Card

• A card that pays you back an interest on purchases made

• A card the bank gives you to pay your bill's in a timely manner

• A card that allows you to spend only the amount you have pre-deposited into an account

What is a PIN

• A number required when a person used a debit card. It ensures others can't access the bank account

• A writing utensil

• A number shared between friends and family

Credit Card

• A card that allows you to spend only the amount you have pre-deposited into an account

• A limited resources card

• Allows the holder to buy goods and services by taking out a loan

Electronic Payment

• Used to pay electric bills

• A card that allows you to spend only the amount you have pre-deposited into an account

• Payments made online or using an app that allows the user to automatically debit a bank account or charge a credit card without having to use that debit or credit card

Debit Card

• A card that allows you to spend only the amount you have pre-deposited into an account

• Allows customers to electronically and immediately withdraw funds from their accounts either in cash or to purchase goods and services.

• A card you show the banker when you are in debt