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Worksheet activity to identify whether transactions were made using a credit card or debit card.

A worksheet titled "Debit or Credit?" with a table listing transactions and columns for "Credit Card" and "Debit Card" to determine which payment method was used.

A worksheet titled "Debit or Credit?" with a table listing transactions and columns for "Credit Card" and "Debit Card" to determine which payment method was used.

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Show Answer Key & Explanations Step-by-step solution for: Debit & Credit Cards - CubeForTeachers - Cube For Teachers
Let's go through each transaction and determine whether a debit card or a credit card was used, based on the information provided.

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🔍 Key Differences:


- Debit Card: Withdraws money directly from your bank account at the time of purchase.
- Credit Card: You borrow money from the card issuer; you pay it back later (often with interest if not paid in full).

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Now let’s analyze each transaction:

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1. Sally goes to the bank machine and withdraws $50 from her bank account using her card.

- She is withdrawing cash directly from her bank account.
- This is a debit card transaction because the money comes out immediately from her account.
Debit Card

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2. Your aunt takes you out for pizza and pays with a card. The money comes out of her bank account.

- The money is coming out of her bank account immediately.
- That means she used a debit card, since credit cards don’t pull money directly from the bank account right away.
Debit Card

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3. Your mom takes you to get your haircut. She pays with a card and tells you she’ll pay it at the end of the month when she gets her bill.

- She will pay later — this indicates deferred payment.
- This is how credit cards work: you use the card now and pay later.
Credit Card

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4. Your mom takes you shopping for back-to-school clothes. She pays with a card and tells you she will pay for it at the end of the month when she gets her bill.

- Again, payment is deferred until the end of the month.
- This is a credit card usage pattern.
Credit Card

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5. You go to the dentist and your dad pays with a card. The payment comes out of his bank account.

- The money comes directly from his bank account.
- Immediate withdrawal → debit card.
Debit Card

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Final Answers:



| TRANSACTION | CREDIT CARD | DEBIT CARD |
|-----------|-------------|------------|
| Sally goes to the bank machine and withdraws $50 from her bank account using her card. | | |
| Your aunt takes you out for pizza and pays with a card. The money comes out of her bank account. | | |
| Your mom takes you to get your haircut. She pays with a card and tells you she’ll pay it at the end of the month when she gets her bill. | | |
| Your mom takes you shopping for back-to-school clothes. She pays with a card and tells you she will pay for it at the end of the month when she gets her bill. | | |
| You go to the dentist and your dad pays with a card. The payment comes out of his bank account. | | |

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📝 Summary:


- Use Debit Card when money is taken immediately from the bank account.
- Use Credit Card when the user promises to pay later, even if they have a bank account.

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Parent Tip: Review the logic above to help your child master the concept of credit card worksheet.
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