Credit and Debit Cards

Front

What is a debit card?

Back

A debit card is a payment card that is directly linked to your bank account, allowing you to spend only the money you have.

Front

What is a credit card?

Back

A credit card is a payment card that allows you to borrow money from a bank to make purchases, which you must pay back later.

Front

When using a debit card, whose money are you using?

Back

You are using your own money.

Front

How is using a debit card similar to using a check?

Back

Using a debit card is similar to using a check because it withdraws money directly from your bank account without needing to carry a checkbook.

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What is one advantage of using both debit and credit cards?

Back

Both debit and credit cards are convenient to use for making purchases.

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What happens if you try to spend more money than you have with a debit card?

Back

If you try to spend more money than you have with a debit card, the transaction will be declined.

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

Back

The main difference is that a debit card uses your own money, while a credit card allows you to borrow money.

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Can you earn rewards with a debit card?

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Some debit cards offer rewards, but credit cards typically offer more rewards and benefits.

Front

What is a common feature of credit cards?

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A common feature of credit cards is the ability to carry a balance and pay interest on that balance.

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What should you do if you lose your debit or credit card?

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You should report the loss to your bank immediately to prevent unauthorized transactions.