WorksheetsStreet Cred vs Street Deb!
Total questions: 28
Worksheet time: 22mins
Interest will be charged on your purchase
Debit Card
Credit Card
You may be charged an overdraft fee if you spend more money than you have in your bank account.
Debit Card
Credit Card
Your debit card is linked to your...
Checking Account
Credit Card
Pick a card: You are an 30 year old who spends $1200 a month on purchases and does not travel often. You have a good credit score.
Chase Freedom:
$200 bonus after spending $500, good credit score, $0 annual fee
Delta Airline SkyMiles Card
Earn miles after first $3000 spent, good credit score, $550 annual fee
Chase Freedom
Delta Airline SkyMiles Card
When is it ever ok to max the credit card limit?
When I know I have the cash to pay it off
When I know I am going to get a new job
Never
It's always ok as long as I pay it off before I die
When should you get a credit card?
Right when I turn 18
Right when I turn 18 AND have money to pay off the card
When I get my first job
Which is an example of a financial institution?
school
bank
credit union
ATM
A debit card is handy in an emergency.
true
false
A debit card is a buy now pay now option.
true
false
A credit card is handy in emergencies.
true
false
One benefit of a credit card is to establish a credit history.
true
fales
Lenders lend money to borrowers, they charge an additional fee for the use of the money. This is called...
fees
interest
credit
Credit agencies help lenders determine which of the following:
credit score
credit history
outstanding debt or defaults
your wants and needs
