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WorksheetsCredit Card vs. Debit Card
Total questions: 10
Worksheet time: 5mins
Which card directly withdraws money from your bank account at the time of transaction?
Credit card
Debit card
Which card allows you to borrow money up to a certain limit set by the issuer?
Credit card
Debit card
What typically happens when you use a credit card and do not pay off the balance each month?
The balance does not change
You are charged interest on the remaining balance
Which card usually requires a PIN (Personal Identification Number) for transactions?
Credit card
Debit card
Which card can help you build a credit history?
Credit card
Debit card
What is a common benefit of using a credit card responsibly?
Decreased purchasing power
Rewards like cash back or travel points
Which card is directly linked to your checking or savings account?
Credit card
Debit card
In the case of unauthorized transactions, which card typically offers more consumer protection?
Credit card
Debit card
Which card might require you to pay an annual fee?
Credit card
Debit card
When using a debit card, what happens if your account does not have enough funds for the transaction?
The transaction goes through without any issue
The transaction may be declined or result in overdraft fees
