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Credit Card vs. Debit Card Quiz

Total questions: 15

Worksheet time: 9mins

Name
Class
Date
1.

A debit card uses:

a)

Money from your bank account

b)

Money you borrow

2.

A credit card means:

a)

You pay later

b)

The money comes right out of your bank

3.

If there is no money in your bank account, which card may not work?

a)

Credit card

b)

Debit card

4.

When you use a credit card, you must:

a)

Pay the money back

b)

Get free money

5.

A debit card is connected to:

a)

A bank account

b)

A loan

6.

Which card can cause debt if you do not pay it back?

a)

Debit card

b)

Credit card

7.

When you use a debit card, the money is taken:

a)

Right away

b)

At the end of the month

8.

Which card usually has a monthly bill?

a)

Debit card

b)

Credit card

9.

Which card helps you avoid borrowing money?

a)

Debit card

b)

Credit card

10.

Which card is safer to use if you want to spend only the money you have?

a)

Debit card

b)

Credit card

11.

Which card lets you spend more than you have in your bank account?

a)

Debit card

b)

Credit card

12.

When using a credit card, what happens if you do not pay your bill on time?

a)

Your account gets more money

b)

You may be charged interest

13.

What is the expiration date on this card?

(a)  

14.

Who does this card belong to?

(a)  

15.

On which side of the card is the signature panel located?

a)

front

b)

back