Types of Cards
The closest card to cash.
What are prepaid cards?
Some disadvantages of prepaid cards.
What are fees, purchase limits, lack of security, and/or lack of flexibility in loading amounts?
Checking, savings, and other bank accounts.
What are debit cards linked to?
The amount of your outstanding balance you need to pay to avoid interest.
What is "All of it"?
A payment card linked to a bank account.
What are debit cards?
Limits that cap your spending.
What are purchase limits?
A way to deposit a check into a bank account (name any).
What is a banking app, ATM machine, or bank branch?
A benefit of credit cards.
What is building credit, warranty and purchase protections, fraud protections, or rewards?
A card that acts like a line of credit from the bank.
What is a credit card?
A common use of prepaid cards in restaurants, coffee shops, and similar establishments.
What are "tip cards"?
A fee that you incur when you spend more than you have in your bank account.
What are overdraft fees?
A typical credit card interest rate.
What is any rate from 16-30% APR?