Credit Card vs. Debit Card
Flashcard
•
Mathematics
•
6th Grade
•
Hard
Standards-aligned
Wayground Content
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15 questions
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1.
FLASHCARD QUESTION
Front
What is a checking account?
Back
An account where money can easily be deposited and withdrawn by means of checks, debit cards, and ATM transactions.
2.
FLASHCARD QUESTION
Front
What does a debit card do?
Back
A debit card withdraws money directly from a checking or savings account when a purchase is made.
3.
FLASHCARD QUESTION
Front
What does a credit card do?
Back
A credit card allows you to make purchases on credit, meaning each purchase is a loan that you repay later.
4.
FLASHCARD QUESTION
Front
What happens if you don't pay your credit card bill on time?
Back
You can be charged a late fee if the payment is not made within the due date.
5.
FLASHCARD QUESTION
Front
What should you do if your card is lost or stolen?
Back
Report it immediately to your bank or card issuer.
6.
FLASHCARD QUESTION
Front
What is the main difference between a debit card and a credit card?
Back
A debit card uses your own money from your bank account, while a credit card allows you to borrow money up to a certain limit.
7.
FLASHCARD QUESTION
Front
Can you earn rewards with a credit card?
Back
Yes, many credit cards offer rewards programs for purchases made with the card.
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