What's the difference between a debit card and a credit card?

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This week, Frankie and Alfredo break down the key differences between credit and debit cards in simple terms that families can understand together over donuts and orange juice.

• Debit cards pull directly from your own money in your checking account
• Credit cards use borrowed money that must be paid back, sometimes with interest
• Plastic cards make it easy to lose track of spending compared to using cash
• Carrying limited cash for certain purchases helps create natural spending boundaries
• Credit cards typically offer benefits like cashback or travel rewards that debit cards don't

This week's challenge: Kids, talk with a parent or trusted adult about what they use credit versus debit cards for and why they make those choices.

Learn about the various ways Premier America Credit Union is supporting youth financial wellness.

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