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Payment Cards

Payment cards are financial instruments that are used to make payments or access credit. Payment cards may be debit cards, which are linked to a checking or savings account and allow users to make purchases or withdraw cash by drawing on the funds in their account, or credit cards, which allow users to borrow money from a lender and pay it back over time, typically with interest. Continue Reading Below

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  • Industry Studies
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Industry Studies

2026 Consumer Credit Card Industry Study Thumbnail

2026 Consumer Credit Card Industry Study

Andrew Latham

Encyclopedia Articles

Discover the definition of financial terms related to payment cards.

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About Payment Cards

Payment cards are financial instruments that are used to make payments or access credit. Payment cards may be debit cards, which are linked to a checking or savings account and allow users to make purchases or withdraw cash by drawing on the funds in their account, or credit cards, which allow users to borrow money from a lender and pay it back over time, typically with interest.