Which of the following is a type of payment card?

A credit card is a type of payment card that allows individuals to borrow funds from a pre-approved limit to make purchases or withdraw cash. The user must pay back the borrowed amount, usually with interest, over time. Credit cards are commonly used for their convenience, the ability to make larger purchases without needing immediate full payment, and the option to earn rewards or cash back on transactions.

Charge cards, while similar, require the total balance to be paid in full by a specific due date, thus functioning somewhat differently than traditional credit cards. The terms and definitions of loan cards and investment cards do not align with recognized types of payment cards in financial terminology. Therefore, credit cards stand out as a well-defined and commonly utilized form of payment within the category of payment cards.