How do debit & credit cards work - II_Quiz - 2

What can happen if you don’t pay your credit card bill on time?

• Increased rewards points
• You pay a penalty

• Automatic account upgrade

• You get extra credit

If someone calls and asks for your card PIN, should you tell them?

• NO

• YES

Paying only the ‘minimum due’ is the best way to avoid charges.

• NO

• YES

Is withdrawing cash with a credit card free of cost?

• No, it is not free of cost.
• Yes, it is free of cost.

If you use your whole credit card limit, what might happen?

• Your credit score drops

• You will be eligible for a lower interest rate.
• Your credit limit will increase automatically.
• You will receive a bonus reward.

Is it safe to let someone swipe your card if they are holding the machine behind the counter?

• YES

• NO

What does a high credit usage say about a person?

• It may indicate financial strain or reliance on credit.
• It indicates a preference for cash transactions.
• It shows a person is financially secure.
• It reflects a strong credit score.

What happens if you only pay the minimum due on your card?

• You will receive a cash bonus.
• You will incur interest charges and increase your overall debt.
• Your credit score will improve immediately.
• You will automatically qualify for a lower interest rate.

What is the highest credit score you can get?

• 750
• 850
• 900
• 700