Which statement about debit cards is correct?
A) When using a debit card, you are limited to the funds in your bank account.
B) You should write your PIN on the back of your debit card so you don't forget it.
C) Debit card accounts work the same way as credit card accounts.
D) Making purchases with a debit card helps to establish a good credit rating.

Question

Quizplus · Accepted Answer

Debit cards allow you to spend only the money you have in your linked bank account, unlike credit cards which let you borrow money up to a certain limit. Writing your PIN on the card, equating debit card functionality with credit cards, and the impact on credit rating are all incorrect statements regarding debit cards.

Which Statement About Debit Cards Is Correct