Credit Card

What is the main difference between a debit card and a credit card?

• Debit cards give travel rewards

• Credit cards take money directly from the bank account
  
  

• Debit cards require a monthly fee
  
  

• Credit cards let you pay later

Which of the following is a popular credit card company?

• Netflix

• Visa

• Spotify

• PayPal

What can a person do if they can’t pay the full credit card balance?

• Use cash instead

• Make a minimum payment and pay interest

• Return the items they bought

• Close the card immediately

What happens if you don’t pay your credit card in full?

• You lose your card

• You must get a new credit card

• You pay interest on the balance

• You can’t use it again

What is one type of reward credit cards offer?

• Bank account insurance

• Grocery discounts only

• Free phones

• Travel points or cash-back

What is an annual fee?

• A fee paid to a store

• A yearly cost to keep the credit card

• A bonus payment from the credit card

• A reward for using the card

Which sentence is TRUE?

• All credit cards are free

• Some credit cards charge a yearly fee

• You can only get a credit card if you are rich

• Debit cards give travel points

Why do companies offer no annual fees and special deals?

• To get more customers

• To charge people later

• To close accounts quickly

• To stop people from using the card

What is one thing to check before choosing a credit card?

• The name of the store you will shop at

• Monthly fees or service charges

• Your friends’ favourite brand

• The colour of the card

Why are cards like Visa and MasterCard good for travel?

• They give hotel rooms for free

• They are accepted in many countries

• They don’t need a PIN

• They never charge interest