1. Debit vs. Credit

2. What’s your Credit Card IQ?
True or False
Credit cards are accepted as cash by stores
Most credit cards have a credit limit
If you pay your credit card in full by the due date, then you will not owe any interest
There is no penalty if you pay your balance after the due date
If you pay the minimum monthly payment, you wont owe any interest
Credit card companies charge merchants a percentage of the price of anything purchased with a credit card

3. Debit vs. Credit Debit Cards Credit Cards
Connected to your bank account
Use a PIN to make a purchase
The visa logo allows for your to sign like credit but it is still take out of your banks account, just a few days later
Do not get billed
Credit Cards
Deal with another company that will bill you for the purchases you make
Not tied to a bank

4. What Sets Credit Cards Apart from One Another?
Interest Rates
Credit Limits
Reputation
Rewards
Availability

5. Credit Cards Protection against theft of cash
Advantages & Disadvantages of credit cards
Protection against theft of cash
Allows you to buy now and pay later
Helpful in emergencies
Easy to buy beyond your means
Spend future money
Buy on impulse
Interest charges

6. 2 Types of Credit
Secured
Product serves as collateral
Unsecured
Promise to pay based off your signature

7. Finance charge (Interest) Transaction fees Other hidden fees
Costs involved
Annual fee
Finance charge (Interest)
Transaction fees
Other hidden fees