Credit and Debit Cards

False or True: Credit cards and Debit Cards are the same.

• False

• True

Which card lets you "borrow" money?

• A Debit Card

• A Credit Card

• Neither

• Both

Which card takes money directly out of your bank account?

• A Debit Card

• A Credit Card

• Niether

• Both

The name of who the card belongs to is the...

• Card number

• Logo

• Cardholder name

What is a Card Verification Value (CVV)?

• A number unique to your card that provides additional security.

• A toll-free number for your questions

• The date the card can be used until.

True or False: A card can be used after the expiration date.

• True

• False

A signature bar is...

• A number unique to your card for extra security

• An area for your signature to prevent identity theft

• The name of who the card belongs to

True or False: It is safer and more secure to use the microchip on a card.

• True

• False

What does a PIN Number do?

• Deducts money directly from a bank account

• Allows borrowing money up to a limit

• Verifies your identity when making a purchase

A ____ charges for spending more money than available

• Overdraft Fee

• Debit Card

• Credit Card