Debit Cards

When this card is swiped, the funds are immediately deducted from the checking account that it is linked to

• Credit 

• Debit

• Both

This card may come with overdraft fees when you try to withdraw more than the balance of your checking account

• Credit 

• Debit

• Both

Eric purchased a movie ticket with his card. This money will come straight out of his checking account. What card did he use?

• Credit

• Debit

• Both

Which type of card allows you to spend only the money you have in your bank account?

• Credit Card

• Debit Card

• Gift Card

• Prepaid Card

What is a common feature of debit cards regarding transaction limits?

• Unlimited spending

• Spending limit based on account balance

• No spending limit

• Spending limit set by the bank

Which card typically requires a PIN for transactions?

• Credit Card

• Debit Card

• Gift Card

• Loyalty Card

What happens when you use a debit card for a purchase?

• The amount is added to your credit card bill

• The amount is deducted from your bank account

• The amount is added to your loan

• The amount is deducted from your gift card balance

Which card is directly linked to a checking account?

• Credit Card

• Debit Card

• Travel Card

• Store Card

What is a potential disadvantage of using a debit card?

• High interest rates

• Overdraft fees

• Annual fees

• Cashback rewards

Which card can help you avoid debt by limiting spending to available funds?

• Credit Card

• Debit Card

• Charge Card

• Store Card