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WorksheetsCredit and Debit Cards
Total questions: 15
Worksheet time: 8mins
False or True: Credit cards and Debit Cards are the same.
False
True
Which card lets you "borrow" money?
A Debit Card
A Credit Card
Neither
Both
Which card takes money directly out of your bank account?
A Debit Card
A Credit Card
Niether
Both
The name of who the card belongs to is the...
Card number
Logo
Cardholder name
What is a Card Verification Value (CVV)?
A number unique to your card that provides additional security.
A toll-free number for your questions
The date the card can be used until.
True or False: A card can be used after the expiration date.
True
False
A signature bar is...
A number unique to your card for extra security
An area for your signature to prevent identity theft
The name of who the card belongs to
True or False: It is safer and more secure to use the microchip on a card.
True
False
What does a PIN Number do?
Deducts money directly from a bank account
Allows borrowing money up to a limit
Verifies your identity when making a purchase
A ____ charges for spending more money than available
Overdraft Fee
Debit Card
Credit Card
What is a Credit Limit?
Charge for spending more money than available
Verifies your identity when making a purchase
Maximum amount available to borrow on a credit account
When do you typically receive a debit card?
When you turn 18 years old
When you open a checking account
When you start a new job
Which of the following is a TRUE statement about overdraft fees?
They occur when you spend less than your account balance
They are $100 or more per transaction
The bank will temporarily cover the cost of the purchase
What do you receive at the end of a credit card billing cycle to detail all of your monthly transactions?
Credit card receipt
Credit card statement
Credit card bill
How can you increase your credit limit responsibly?
Sign up for more credit cards
Keep less money in your checking account
Earn more money per month.
