Debit and Credit Cards

Which card takes money directly out of your bank account?

• A Debit Card

• A Credit Card

• Niether

• Both

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

• False

• True

Which statement about credit and debit cards is NOT true?

• Interest is charged on debit card purchases

• When a debit card is used for purchases, money is withdrawn directly from a bank account

• The total amount of money that can be spent on credit card purchases depends on the customer's credit limit.

• When a credit card is used, money is borrowed.

What is a key difference between debit and credit cards?

• Debit cards withdraw money directly from your bank account

• Credit cards withdraw money directly from your bank account

• Both cards withdraw money directly from your bank account

• Neither card withdraws money directly from your bank account

Which card typically offers rewards or cashback on purchases?

• Debit Card

• Credit Card

• Both

• Neither

What is required to use a credit card but not a debit card?

• A bank account

• A credit limit

• A PIN

• A savings account

Which card can help build your credit score?

• Debit Card

• Credit Card

• Both

• Neither

Which card is more likely to have an annual fee?

• Debit Card

• Credit Card

• Both

• Neither

What happens if you don't pay your credit card bill on time?

• You incur interest charges

• Nothing happens

• Your debit card is blocked

• Your bank account is closed

Which card is generally safer to use for online purchases?

• Debit Card

• Credit Card

• Both

• Neither