Credit vs Debit
Credit Cards vs. Debit Cards: Smart Spending Choices
Credit and debit cards may look the same, but they work very differently—and knowing the difference is key to managing money responsibly. This course helps young adults understand how credit and debit cards impact spending, budgeting, and long-term financial health so they can make the right choice in different situations.
Participants will learn how to:
Understand how each card works – Debit cards pull money directly from a bank account, while credit cards borrow funds to be paid back later.
Compare advantages and disadvantages – Debit cards help with budgeting and avoiding debt, while credit cards can build credit history and offer rewards.
Recognize risks – Overdraft fees with debit cards, interest charges with credit cards, and the dangers of overspending.
Build credit responsibly – Learning how using a credit card wisely can improve a credit score, while misuse can damage it.
Handle fraud protection – Understanding liability protections for both debit and credit cards in case of theft or unauthorized use.
Make smart purchasing choices – Knowing when to use debit for everyday expenses and when a credit card might be the better option (e.g., travel, online purchases, emergencies).
By the end of this course, participants will know how to use both debit and credit cards as financial tools, making safe, responsible, and strategic choices that support their budget while building a solid financial future.
