ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Both the debit card and credit card allow you to make purchases using e-transaction.
Detailed explanation-2: -Both credit and debit cards allow you to make purchases online or in-store. However, one key difference between credit and debit cards is that debit cards allow you to spend money by drawing directly from your own bank account.
Detailed explanation-3: -Debit card payment protection You don’t get protection from Section 75 if you buy goods on a debit card – this is because they are not part of a credit agreement. However, you might be able to make a claim for a refund under Chargeback, which we cover in a section below.
Detailed explanation-4: -A few could be: The website where you were using your card might be experiencing issues. You may have set a lock on your card with Lock & block. Your Card number, CVC or expiry date may have been entered incorrectly.