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How to Use Credit and Debit Cards
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You can get an ______________ if you need more money in your chequing account.
an overdraft
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If you don't pay your balance then you need to pay _______________.
interest
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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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True or False - A credit card borrows money from a credit card company.
True
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A card that uses the money from your bank account.
a debit card
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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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What do you get from your credit card company each month?
You get a bill or credit card statement.
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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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When can I use a debit card?
Only when there is money in my bank account
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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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What information does a credit card statement have in it?
purchases, payments, refunds, payment due date, balance, minimum payment.
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When you buy something with your credit card you ____________ money to the credit card company.
owe
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When you buy something it is called a __________________.
A purchase.
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The smallest amount you should pay each month is?
the minimum payment.
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Anytime you use your overdraft you will have to pay _______________.
a fee
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