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What is a gift card?
Also known as brand vouchers, gift vouchers and brand cards, gift cards are a digital mode of payment which carries a amount along with a pin / card no. You can buy these gift cards and use them to pay on 300+ brand online and offline as well.
Why should I use a gift card?
Gift cards help you get great value on your purchase with a brand. They simplify giving, help with budgeting, and are easily sent across distances, ensuring your thoughtful gesture brings joy and value.
How to use a gift card?
To use a gift card, simply present it at the time of purchase in-store or enter the card’s unique code at checkout when shopping online. The amount of your purchase will be deducted from the card's balance.

Different types of payment cards you must know about

Last updated :
March 10, 2024

minutes read

Payment cards are a convenient and secure way to make transactions, whether it be for purchasing goods and availing services or withdrawing cash. There are several different types of payment cards available, each with its own unique features and benefits. In this post, we will discuss some of the most commonly used types of payment cards and what sets them apart from one another.

Types of cards used for payment

Credit Cards

Credit cards are perhaps the most well-known type of payment card. They allow users to borrow money from a lender in order to make purchases or withdraw cash. Users are required to make monthly payments on the borrowed amount, and are usually charged interest if repayments are delayed. Credit cards often come with various rewards and benefits, such as cashback or reward points.

Debit Cards 

Debit cards are similar to credit cards in that they can be used to make purchases and withdraw cash, but they are linked to your savings account rather than a line of credit. When a user makes a purchase or withdraws cash with a debit card, the funds are transferred directly from their bank account. Unlike credit cards, debit cards do not accrue interest or require monthly payments.

Prepaid Cards 

Prepaid cards are similar to credit cards issued by banks & financial institutions that are loaded with a specific amount of money in advance. They can be used to make purchases using prepaid cards, just like a regular credit cards. However, once the funds on the card have been depleted, the card can no longer be used until more money is added. Consumers can spend using prepaid cards without incurring debts and paying interest. 

Gift Cards 

Gift cards are a type of prepaid card that a specific retailer or brand issues. They can be used to purchase goods or services from that retailer or brand. Gift cards are often given as gifts and have a set monetary value.

Virtual Payment Cards 

Virtual payment cards are payment vouchers belonging to a specific retailer or brand and have a set monetary value. These cards are gaining popularity in India because of the following reasons - 

  1. Unlike debit & credit cards, users don’t have to carry virtual payment cards physically 
  2. There is no risk involved while sharing the card details with merchants
  3. Consumers don’t have to remember their card PIN unlike debit & credit cards 

Consumers can generate these payment cards from platforms like Hubble Money and redeem these cards on brand apps/offline stores and use the balance it as & when required.

How you can generate virtual payment cards on Hubble Spending Account? 

Step 1 -  Open the Hubble app & click on the ‘Shop’ section from the home page.

Step 2 - Choose a brand you want to generate a virtual card for, from the list of 30+ brands. 

Step 3 - Enter the amount you want to redeem it for. 

Step 4  - Then, click on ‘Review’ and verify using OTP. 

Step 5 - Click on ‘Generate’ and your virtual payment card will be displayed on the screen. 

You can use this virtual card at the brand’s offline stores or on its website to purchase any product of your choice. If you want to know how you can use these payment virtual cards, tap on the card to view details and then, click on ‘How to use’ it. We have added the ‘How to use’ section for every brand. 


Payment cards come in various forms, each with its own set of features and benefits. It's important to understand the different types of payment cards available and choose the one that best fits your needs. But, it is advisable to use virtual payment cards because it safeguards your bank account details from being 

Whether you prefer a credit card for its rewards and benefits, or a debit card for its direct link to your bank account, there is a payment card out there for everyone.

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