Credit Card Basics

$5,000

$10,000

$3,000

$7,100 (correct)

To save money for future purchases

To build a credit history

To make purchases on credit (correct)

To earn cashback rewards

Credit card allows purchases on credit, while a debit card deducts directly from the user's bank account (correct)

Debit card has a higher credit limit than a credit card

Debit card offers more rewards than a credit card

Credit card has higher fees than a debit card

<p>Credit cards can be a convenient tool or a nightmare if used irresponsibly</p> Signup and view all the answers

<p>A convenient way to loan money for everyday consumer purchases</p> Signup and view all the answers