debit card
What does a debit card do?
a payment card that allows you to access the money you already have in your bank account so that you can make purchases
What does a credit card do?
a payment card that you can use to make purchases using borrowed money
What is a student credit card for?
Student credit cards are designed to help individuals establish a credit history
What are prepaid cards?
Prepaid cards are payment cards preloaded or reloadable with funds
What is a Travel Credit Card?
A credit card designed to help you earn rewards and benefits for your travel expenses.
What does debit itself mean?
a withdrawal of funds from your account
Does a credit card have a limit (Y or N)?
yes
Can student credit cards have lower credit limits than credit cards (Y or N)?
They typically have lower credit limits
What major networks can a prepaid card be linked to?
major networks examples are Visa or Mastercard
What are some benefits a Travel Credit Card offers?
Examples are trip cancellation insurance, baggage delay insurance, and airport lounge access.
How old do you have to be to apply for a debit card?
What is 981- 963
How old do you have to be to apply for a credit card?
What is 5659-5641
Can student credit cards have higher interest rates than credit cards (Y or N)?
They may come with higher interest rates compared to regular credit cards, but there is no guarantee.
Do prepaid cards have a specific amount of money (Y or N)?
Prepaid cards store a specific amount of money that you can spend.
Can you offset the fees of a Travel Credit Card?
Yes, by earning rewards, travelling often and using your benefits.
Do debit cards charge interest?
Debit cards don't charge interest
How do you get a credit card?
apply through a bank or financial institution, either online, at a branch, or over the phone.
Do student credit cards offer rewards (Y OR N)?
Some provide rewards or benefits like cash back or travel points.
Can you add funds to a prepaid card?
Many prepaid cards allow you to add funds when the initial balance is used up.
How do you earn points on a Travel Credit Card?
Everyday purchases, which can then be redeemed for flights, hotels, and other travel-related expenses.
Do debit cards have daily limits?
Debit cards often have daily purchase limits.
do credit cards have expiration dates (y or n)?
Credit card accounts don't really have an expiration date
Are student credit cards only for college students (Y or N)?
No, they're generally available only to actively enrolled college and trade school students.
Are prepaid cards similar to debit and credit cards (Y or N)?
Yes, they can function similarly to credit or debit cards
Does a Travel Credit Card load foreign currencies
No, instead, they automatically convert foreign currency transactions to your local currency using their exchange rate.