Credit Cards and Debit Cards do not have any GPS tracking devices on them so the Credit or Debit Cards cannot be tracked through GPS to find their location.
However the credit card company or bank can track where the transactions are taking place so if you've had a Credit Card or Debit Card stolen then the bank can see where the transactions are taking place.
Even though you might not be able to catch the person using your debit or credit card if they're out of the country but the bank and credit card company can put a stop on the use of the card by locking out the card.