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WorksheetsCredit Cards vs Debit Card??
Total questions: 25
Worksheet time: 13mins
Which type of card allows you to accumulate a bit that has to be paid off, usually with in a month?
credit card
debit card
either type of card
neither type of card
Which type of card allows you to automatically withdraw from your account whenever you make purchases?
credit card
debit card
either type of card
neither type of card
Which type of card can act like cash or a check when making purchases or paying bills?
credit card
debit card
either type of card
neither type of card
Which type of card acts like a personal short-term loan?
credit card
debit card
either type of card
neither type of card
Which type of card has a spending limit that is NOT dependent on how much money you have in the bank?
credit card
debit card
either type of card
neither type of card
Which type of card has a spending limit that depends on how much money you have in the bank?
credit card
debit card
either type of card
neither type of card
Which type of card charges a fee if the bill is NOT paid on time?
credit card
debit card
either type of card
neither type of card
Which type of card allows you to spend money you deposited into your bank account?
credit card
debit card
either type of card
neither type of card
Which type of card can be used to purchase good at most stores?
credit card
debit card
either type of card
neither type of card
Marion wanted to get a card for his purchases. However, he did not want to worry about a monthly bill he needed to pay. Which type of card should be get?
credit card
debit card
either type of card
neither type of card
Alex purchased some groceries using a card. The money came directly from his bank account and was automatically deducted from his account. Which type of card did he use?
credit card
debit card
either type of card
neither type of card
Mel used a card to buy some clothes. However, there wasn't enough money in his account and he was charged with an overdraft fee. Which type of card did he use?
credit card
debit card
either type of card
neither type of card
Joseph applied for a card and was approved with a monthly spending limit for $200. Which type of card did he get?
credit card
debit card
either type of card
neither type of card
Wilma used a card to buy a pair of shoes. She received a bill at the end of the month to pay for that transaction. Which type of card did she use?
credit card
debit card
either type of card
neither type of card
Ruben went dining at the local bistro but forgot to bring enough cash. Luckily he local bistro accepted cards. Which type of card could he use?
credit card
debit card
either type of card
neither type of card
Fred used a card to make a withdrawal from his bank account. Which type of card did he use?
credit card
debit card
either type of card
neither type of card
Marcus has a card that has his name and account number on the card and has a magnetic strip and signature on the back. Which type of card does Marcus have??
credit card
debit card
either type of card
neither type of card
Nancy owns a card issued by her bank. The amount she can spend using her card is limited by the credit limit set by her bank. Which type of card does Nancy have?
credit card
debit card
either type of card
neither type of card
Tanya has a card issued to her by her bank that is linked to her checking account at the bank. Any charges she makes on the card are directly withdrawn from her account. Which type of card does Tanya have?
credit card
debit card
either type of card
neither type of card
Your credit card bill this month amounted to $130. However, you were only able to pay $45. Which of the following could happen?
Your bank may call you to remind you to pay the unpaid balance.
Your bank may not allow you to use your credit card anymore.
Your bank may not send you a monthly bill next month.
You bank may charge you interest for the unpaid balance this month.
Your card bill this month amounted to $78. However, you failed to pai the bill before the due date. Which one of the following could happen?
Your bank will charge interest and a late payment fee on tip of the amount on your bill.
Your bank will do nothing if you have a good credit standing or score.
Your bank will immediately cancel your credit card.
You withdraw cash from your debit card that is more than the amount in your checking account. Which one of the following could happen?
Your bank will immediately close your checking account.
Your bank will charge you an extra fee the next time you get a debit card.
Your bank will charge you an overdraft fee
Your bank will call to remind you that you spent more than what was in your account.
You lost your credit card or debit card on your way home from school. It is important to do which one of the following?
You should call your bank immediately to report the lost card.
You should do nothing and just report it the next time you visit your bank.
You should wait for your monthly statement to check your balance.
You should do nothing and just wait for the bank to give you a replacement.
Which one of the following BEST describes a debit card?
Debit card purchases act like short-term loans from your bank.
A debit card has your name and your account on the card.
A debit card withdraws money from your account when you make purchases.
A debit card allows you to make purchases without using cash.
Which one of the following BEST describes a credit card?
A credit card allows you to make purchases without using cash.
credit card purchases act like short term loans from your bank.
A credit card withdraws money from your account upon making a purchase.
A credit card has your account name and account number on the card.
