Credit Card -IQ

Someone can use your credit card to purchase items only if they have the actual card.

• True

• False

• They don’t need the card, but they need a password

If you are a student or a newcomer, you can get a special credit card.

• Yes, many banks have special cards for newcomers and students

• No. All credit cards are the same.

• Students can get a special card, but not newcomers

You can cancel a credit card at any time.

• No. Each credit card has a contract like a cell phone.

• Yes, but you need to give 3 months’ notice like an apartment lease.

• Yes. You can cancel your credit card at any time.

If you lose your credit card, you should:

• Call the bank or credit card company right away to cancel your card.

• Go back to the store where you last used the card.

• : Keep looking for it and hope that you can find it.

If there are purchases on your credit card that you did not make, the credit card company will usually:

• Do nothing

• Give you 50% of your money back

• Give you your money back for those purchases

Sometimes a credit card company will phone you if they notice some unusual purchases on your card.

• No. The company will never call you

• Yes, some credit card companies call if they notice unusual purchases

• They will only call you if you didn’t pay your credit card bill.

You can use your credit card to buy something only if you have the real card.

• False. If you have the card number and the PIN, you can buy something.

• • True. You must tap or insert the real card to pay.