Credit Card vs. Debit Card

Which card directly withdraws money from your bank account at the time of transaction?

• Credit card

• Debit card

Which card allows you to borrow money up to a certain limit set by the issuer?

• Credit card

• Debit card

What typically happens when you use a credit card and do not pay off the balance each month?

• The balance does not change

• You are charged interest on the remaining balance

Which card usually requires a PIN (Personal Identification Number) for transactions?

• Credit card

• Debit card

Which card can help you build a credit history?

• Credit card

• Debit card

What is a common benefit of using a credit card responsibly?

• Decreased purchasing power

• Rewards like cash back or travel points

Which card is directly linked to your checking or savings account?

• Credit card

• Debit card

In the case of unauthorized transactions, which card typically offers more consumer protection?

• Credit card

• Debit card

Which card might require you to pay an annual fee?

• Credit card

• Debit card

When using a debit card, what happens if your account does not have enough funds for the transaction?

• The transaction goes through without any issue

• The transaction may be declined or result in overdraft fees