Remember: A credit card is not free. It lets us borrow from a bank: the bank pays first, and we pay it back.
Read and answer
Read the story first, then answer.
Nico's blue hatNico wanted a blue hat that cost four pretend coins, but the coin purse was at home. Nico had a card in a pocket, and Zed the hat seller said, "A card works here too." Beep! Nico tapped the card and got the hat. No coins left Nico's hand. Was the hat free? No. Behind the card is a bank, and the bank paid Zed four coins right away. Now Nico owes the bank. A credit card lets us borrow from a bank while we shop. The bank sets a top number of coins called the limit. At the month's end the bank sent a bill: "One blue hat, four coins." Nico paid the bank four coins. If a bill waits too long, the bank may ask for extra coins.
1
Nico took the hat and gave Zed no coins. Was the hat free?
Yes, a card makes things freeNo. The bank paid, and Nico owes the bank four coinsNo. Zed owes Nico four coins
2
Nico's bill said: One blue hat, coins.
3
Join each word to what it means.
1limit
2bill
3owe
4card
Athe top number of coins the bank lets Nico borrow
Ba paper that lists each thing and its coins
Conly plain plastic, with the bank behind it
Dmust pay those coins back
4
Circle every one that is borrowing.
Coins earned selling lemonadeA tab at the baker'sA toy given by GranCoins lent by a bankTapping a card to buy a hat
5
Tapping a card is the same as paying with your own coins.
TrueFalse
6
Number what happened.
Nico pays the bank four coins
The bank pays Zed four coins
Nico wants the hat, but the purse is at home
Nico taps the card
The bank sends a bill at the month's end
Think, fix and write
7
If a bill waits too long, the bank may ask for extra coins.
TrueFalse
8
Fix the mistake. Nico says: A card is magic, so I never have to pay. What is wrong?
A card is a promise to pay back. Every tap is a little promiseZed keeps the cardNothing is wrong
9
A credit card lets us from a bank while we shop.
borrowfindkeep
10
Stretch. Say Nico taps for a second hat that also costs 4 coins. The next bill would list coins.
11
Write one thing your family borrows and gives back, like a library book.
12
Draw Nico's bill with one blue hat and its coins.
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