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Debit vs Credit Cards

Total questions: 15

Worksheet time: 15mins

Name
Class
Date
1.

Credit or debit? Interest may be charged for use, but can be avoided if the entire balance is paid each month.

a)

Credit

b)

Debit

2.

Which type of card typically offers rewards such as cashback or travel points?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

3.

Which card directly withdraws money from your bank account when making a purchase?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

4.

Which card can help build your credit score if used responsibly?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

5.

Which card usually requires a PIN for transactions?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

6.

Which card might charge interest on unpaid balances?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

7.

Which card is more likely to have an annual fee?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

8.

Which card is generally considered safer for online purchases due to fraud protection?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

9.

Which card is linked directly to your checking account?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

10.

Which card can potentially lead to debt if not managed properly?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

11.

Which card is often used for budgeting purposes as it limits spending to available funds?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

12.

Which card might offer a grace period for payments?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

13.

Which card transaction might be declined if there are insufficient funds in the account?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

14.

Which card can be used to withdraw cash from an ATM?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither

15.

Which card might require a credit check before approval?

a)

Credit Card

b)

Debit Card

c)

Both

d)

Neither