Duplicate of Credit or Debit?

No interest is charged because no money is borrowed.

It can have an electronic chip.

Linked to a checking or saving account.

This card is made of plastic.

Lee paid his purchases at full amount at the end of the month and increased his credit score.

A PIN number was used when making a purchase.

Use at an ATM to withdraw money.

You pay a TV. You will receive a bill for the TV at the end of the month.

It is use to purchase goods and services.

The longer it takes you to pay back the more it will cost you

If the total balance is not paid interests may be charged

When using this card the amount of cash is deducted immediately of your checking account.

It has a magnetic strip on the back

After a purchase, Emma was late making a payment and was charged a fee

It is like taking a loan that you need to pay later.