just an annual fee and or severe penalty for failure to pay balance in full) Debit cards: with a card the money for a transact comes directly from the users account . there three types of payment cards    Credit cards: providers the holder with a credit to make purchases up to a limit fixed by the issuers. that he/she is required to pay back in full at the end of the month or upon receipt of monthly statement.Electronic payments (e(epayment) Electronic cards: are plastic cards that contain digitized information.  Payment cards: electronic cards that contains information that can be used for payment purposes. (usually no interest is paid on such cards. just a high interest on their unpaid balance) Charge cards: are like monthly loans given to the user. (users normally don¶t pay any fee for using it. that can be used for payment and for other purposes such as identification and access to secure locations.