Credit Card vs. Debit Card

Front

What should you do if your card is lost or stolen?

Back

Report it immediately. This applies to both debit and credit cards.

Front

What do you receive at the end of the month when using a credit card?

Back

A bill detailing your purchases and the amount due.

Front

What allows you to purchase an item now and pay for it later?

Back

A credit card.

Front

What can happen if you do not make a payment on time for a credit card?

Back

You can be charged a late fee.

Front

What does each purchase made with a credit card represent?

Back

A loan that is repaid later.

Front

What is a debit card?

Back

A card that withdraws money directly from your bank account.

Front

What is a credit card?

Back

A card that allows you to borrow money up to a certain limit to make purchases.

Front

Can you use a debit card to spend more money than you have in your account?

Back

No, you can only spend what is available in your bank account.

Front

What is the main difference between a debit card and a credit card?

Back

A debit card uses your own money, while a credit card allows you to borrow money.

Front

What happens if you exceed your credit limit?

Back

You may be charged an over-limit fee or your transaction may be declined.