2024_Bank Cards

What type of credit cards is not available in Vietnam market?

• Student credit cards

• Rewards/cashback credit cards

• Hybrid cards (Crebit cards)

• Prepaid credit cards

List three benefits of using debit cards for everyday transactions.

• Rewards points, Credit score improvement, No transaction fee

• Convenience, Security, Budget Control

• Credit score improvement, grace period, Contactless payment

• Cashback offers, Rewards points, grace period

Explain one security feature commonly found on credit cards.

• PIN number

• Expiration date

• Cardholder's name

• CVV (Card Verification Value) code

Differentiate between credit cards and debit cards in terms of usage.

• Credit cards and debit cards have the same spending limits

• Credit cards and debit cards require a PIN for transactions

• Credit cards and debit cards are both forms of payment

• Credit cards involve borrowing money, while debit cards use available funds.

What is the primary advantage of using a debit card instead of a credit card?

• Building credit history

• Earning cashback rewards

• Having a higher spending limit

• Using your own money directly from your bank account.

What happens if you exceed your credit limit on a credit card?

• Your credit score will improve

• You may incur over-limit fees, face increased interest rates, damage your credit score, and risk having your account closed.

• You will receive a cash reward

• Your credit limit will be increased

Explain the concept of a credit limit on a credit card.

• The maximum amount you can spend on the credit card

• The minimum payment required each month

• The interest rate charged on outstanding balances

• The cashback percentage earned on purchases

How do debit cards differ from credit cards in terms of fees?

• Debit cards have no interest charges, while credit cards do

• Debit cards have higher annual fees than credit cards

• Credit cards charge lower ATM withdrawal fees than debit cards

• Debit cards offer more cashback rewards than credit cards

What are the consequences of missing a credit card payment?

• Your credit score will improve

• You will receive a cash reward

• You may incur late fees, damage your credit score, and face increased interest rates.

• Your credit limit will be increased

Explain the term 'minimum payment' on a credit card statement.

• The maximum amount you can spend on the credit card

• The minimum payment required each month to avoid penalties and maintain account in good standing.

• The interest rate charged on outstanding balances

• The cashback percentage earned on purchases