Choosing Your Card
Whoose money do you use when using a debit card?
Your own
Which card are you able to use your own money with?
Debit Card
Do you need a pin to make a transaction?
No, you need a signature
Do you need to use a pin when using a debit card?
yes , you need to use a pin when making a transaction at a store
What is the minimum credit score you can have?
300
Who lends you credits when using a credit card?
The Bank or loaners
Do you have to pay a fee for purchasing and activating a prepaid card?
Yes
Can you build a credit history?
Yes
is using a debit card safer than using cash?
Yes it is safer
A score between 700 to 749 is a ______ score?
Good
Can you use a prepaid card to buy international stuff?
Yes
Which card are you not borrowing money from the bank?
Debit and Prepaid card
If you have no job for the moment but have substantial inflow of money in your account, can you apply for a credit card?
yes you can
Is the purchase protection of a debit card the same as a credit card?
No, the protection of a debit card is less strong than the protection of credit card
What is the amount of credit score that is considered an excellent score?
750 and higher
Who makes a credit report about your credit history?
The Bureau
Which card is easy to obtain but unable to put more money into once you reached your limit?
Prepaid card
Are you only borrowing money from a bank when using a credit card?
No, you are also borrowing money from a financial institution too
Do you pay no interest fees when using a debit card?
When you pay with a debit card, you avoid expensive interest charges that end up greatly increasing the price of your original item
What are the 3 bureaus?
Experian, TransUnion and Equifax
Which card is fee free and easy to obtain?
Debit Card
When you purchase items with your credit card, your purchases usually require a...?
signature
Does a Credit Card offer protection during purchases?
Yes
True or False: Are you responsible of any transactions after your debit card has been stolen?
False
What can you do to not let your credit score go down?
Pay bills on time and in full
Do not go overbudget
Pay all debt and loans