Understanding debit cards and credit cards
Challenge reference: 6837
| Notional learning hours | 20 | ||
|---|---|---|---|
| Level | Level 2 | ||
| Subject area | |||
| Preparing for Adulthood pathway | |||
| Skill | |||
| Learning aim | The learner will understand the difference between debit cards and credit cards. |
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| Learning context | Please log in to see the rest of this challenge |
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Learning outcomes
What the learner needs to know, understand or be able to do
The learner will:
Be able to define the term debit in terms of personal finance.
Be able to define what credit means in terms of personal finance.
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Assessment criteria
What the learner need to demonstrate in order to meet the learning outcome
The learner can:
- Describe what the term debit means when paying for goods or services
- Give two advantages to using a debit card to pay for goods
- Give two disadvantages of using a debit card when paying for goods
- Explain what is meant by credit
- Name two advantages of using a credit card
- Name two disadvantages of using a credit card
- Describe what the term APR means
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