Money Card





Money card is a card containing monetary value and it can used to spend money instead of using cash.


1.Credit card



A credit card is a payment card allowing the cardholder to pay for the goods and services based on the holder's promise to pay for them.


A credit card is different from a charge card. A charge card requires the balance to be paid in full each month.In contrast, credit cards allow the consumers a continuing balance of debt, subject to interest being charged. A credit card also differs from a cash card, which can be used like currency by the owner of the card.
The size of most credit cards are 85.60 × 53.98 mm (33/8 × 21/8 in) and it has an embossed bank card number complying with the ISO/IEC 7812 numbering standard.


2.A debit card (also known as a bank card or check card) is a card  which provides its cardholder,the electronic access to his or her bank account(s) at a financial institution. Debit cards can also be used as a payment card for making purchases. In some cases, the primary account number is assigned exclusively for using on the Internet when there is no physical card.


In many countries, the use of debit cards has become so widespread and it replaces the cheques and  in some instances, cash transactions. The development of debit cards, unlike credit cards and charge cards, has generally been country specific resulting in a number of different systems around the world, which were often incompatible. Since the mid 2000s, a number of initiatives have allowed debit cards issued in one country to be used in other countries and allowed their use for internet and phone purchases.


Unlike credit and charge cards, payments using a debit card are immediately transferred from the cardholder's designated bank account directly.


Debit cards can be used for instant withdrawal of cash.It also act as the ATM card for withdrawing cash. Merchants may also offer cashback facilities to customers, where a customer can withdraw cash along with their purchase.


3.An ATM card (also known as a bank card, client card, key card, or cash card) is a card issued by a financial institution, such as a bank, credit union, or building society, that can be used in an Automatic Teller Machine (ATM) for transactions such as: making deposits, withdrawals, obtaining account information, and other types of transactions, often through interbank networks.

4.Prepaid card or Stored-value card 


The term stored-value card means the funds and or data are physically stored on the card.Prepaid card can be accessed using a magnetic stripe embedded in the card, on which the card number is encoded; using radio-frequency identification (RFID); or by entering a code number, printed on the card, into a telephone or other numeric keypad.ex: VISA and MasterCard






5.Gift Card



A gift card is a restricted monetary equivalent or scrip that is issued by retailers or banks to be used as an alternative to a non-monetary gift.Gift cards have become increasingly popular as they relieve the donor of selecting a specific gift.The recipient of the gift card can use it at his or her discretion within the restrictions set by the issuing agency.ex,E-Gift card services


6.Travel Card


A travel card is a ticket usable on more than one journey, route or mode of public transport within a specific area using bulk or discounted payment; some systems only cover travel by disabled or elderly people. Their validity is generally for a fixed period from the time of issue, such as to the end of the day or for longer periods up to one year.


7.Phone card



A telephone card, calling card or phone card for short, is a small plastic card, sized and shaped like a credit card, used to pay for telephone services. It is not necessary to have the physical card except with a stored-value system; knowledge of the access telephone number to dial and the PIN is sufficient. Standard cards which can be purchased and used without any sort of account facility give a fixed amount of credit and are discarded when used up; rechargeable cards can be topped up, or collect payment in arrears. The system for payment and the way in which the card is used to place a telephone call vary from card to card.
Cards known as remote memory cards have a PIN associated with a specific land-line telephone account; calls using the card are billed to the associated account.



8.Discount card
A discount card is a card or document, often physically similar to a plastic credit card, that entitles the holder to discounts on the prices of some products or services. Cards may be issued as part of a loyalty program, offering discounts to existing customers to ensure their continuing custom; they may be offered free of charge, offering a modest discount with the intention of persuading purchasers to patronise participating shops; or they may be sold to members etc.





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