Understanding debit cards and credit cards
Challenge reference: 6837
Active
Notional learning hours
20
Level
Level 2
Subject area
Preparing for Adulthood pathway
Vocational area
Skills
Learning aim
The learner will understand the difference between debit cards and credit cards.
Learning context
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Learning outcomes
(What the learner needs to know, understand or be able to do)
The learner will:
-
1
. Be able to define the term debit in terms of personal finance.
-
2
. Be able to define what credit means in terms of personal finance.
-
3
. Be able to understand what a prepayment card is.
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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
- Define what a prepayment card is
- Give an advantage of a prepayment card
- Give a disadvantage of a prepayment card
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Assessment methodology
Assessment methodology
Linked to learning outcome
Record of oral questioning
1
2
3
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