Credit Card Quiz

A quiz to test your knowledge of credit cards.

1. What is a credit card?

A type of debit card
A type of cash card
A type of payment card
A type of gift card

2. What is the purpose of a credit card?

To withdraw cash from ATMs
To make online purchases
To transfer money to another person's account
To receive salary

3. What is the difference between a credit card and a debit card?

Credit cards have a higher interest rate
Debit cards allow overdrafts
Credit cards are linked to a savings account
Debit cards have annual fees

4. What is a credit limit?

The maximum amount of money you can borrow on a credit card
The minimum payment required each month
The interest rate on the credit card
The penalty for late payment

5. What is an annual fee?

The fee for using a credit card internationally
The fee for withdrawing cash from an ATM
The fee charged every year for having the credit card
The fee for transferring a balance from another card

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