How to Use Credit and Debit Cards | Baamboozle - Baamboozle

English 17 Public

Vocabulary and Understanding the difference between debit and credit cards. Plus a review of how credit cards work

Study Slideshow

A card that uses the money from your bank account.

a debit card

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When can I use a debit card?

Only when there is money in my bank account

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True or False - A credit card borrows money from a credit card company.

True

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True or False - A debit card borrows money from a credit card company.

False, a debit card uses money from a bank account.

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Which card do you use to take $100 from your savings account.

You are using a debit card.

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What do you get from your credit card company each month?

You get a bill or credit card statement.

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What information does a credit card statement have in it?

purchases, payments, refunds, payment due date, balance, minimum payment.

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Name 3 types of credit cards.

AmEx, Visa, Mastercard, Discover

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You should pay the ____________ from your credit card statement each month.

You should pay the balance from your credit card statement.

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The smallest amount you should pay each month is?

the minimum payment.

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The day you have to make your payment is the ________________.

The due date.

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You borrow money from this place.

the credit card company.

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When you buy something it is called a __________________.

A purchase.

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If you don't pay your balance then you need to pay _______________.

interest

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You can get an ______________ if you need more money in your chequing account.

an overdraft

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When you buy something with your credit card you ____________ money to the credit card company.

owe

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