Debit and Credit cards Year 8 Enterprise. Starter CashCheque Debit cardCredit card.

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Presentation transcript:

Debit and Credit cards Year 8 Enterprise

Starter CashCheque Debit cardCredit card

Debit Cards A.Bank name B.Chip - Microchip for extra security C.Card number D.When the card can be used from and to E.Cardholder name F.Sort code G.Account number H.Name of card company I.Security code number I

How can you use a debit card? To pay for goods in shops without using cash To buy items online - take care to make sure the website is secure! To get "cash back" In certain shops to get money out of ATMs

Credit cards A Credit card company B Chip – microchip C Card number D When the card can be used start and end date E Cardholder name F Security code

How can a credit card be used? To pay for goods To withdraw cash Used online purchases Though it must be paid back with interest

Features of a credit Card Bank lend you money for the purchase Have a month to pay back interest free After that interest is put on top Can pay off in instalments Can take advantage of free interest periods Balance transfer available

Research task 1.Find three credit cards available 2.Your going to look at purchases credit cards 3.Fill out the table detailing The name of the card The interest free period How much interest is after