Debit Card

Linked directly to a bank account, allowing users to spend funds they already have. Widely used for everyday transactions and ATM withdrawals.

Credit Card

Allows users to borrow funds up to a preset limit. Requires repayment, often with interest, if the balance is not paid in full each month.

Prepaid Card

Loaded with a specific amount of money in advance, not linked to a bank account. Ideal for budgeting or as a gift card.

Charge Card

Similar to a credit card but requires full payment of the balance each month. No preset spending limit but carries significant penalties for late payment.

Virtual Card

A digital version of a debit or credit card, used for online transactions. It offers enhanced security with limited exposure of the actual card number.

Store Card

Issued by specific retailers, used for purchases in their stores. Often comes with rewards or discounts but usually has higher interest rates.

Secured Credit Card

Requires a cash deposit as collateral, often used to build or rebuild credit. The deposit typically equals the credit limit.

Contactless Card

Allows quick payments by tapping the card near a compatible reader. Often used for low-value transactions without a PIN.

Business Credit Card

Tailored for business expenses, offering higher credit limits, expense tracking, and rewards relevant to business needs.

Travel Card

Designed for international travelers, offering benefits like lower foreign transaction fees, travel insurance, and rewards on travel-related purchases.