Factory Method Design Pattern seems to just be an If/Else or Switch statement. What am I missing?

So I have been trying to brush up on my design patterns (thank you college for not teaching these...) and the Factory Method design pattern is giving me trouble.

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Will refer to this Factory Method Design Pattern In C# for the sake of keeping the question area from having a ton of code in it.

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I understand that there are a few parts to it:

1. Product - CreditCard
2. ConcreteProduct- MoneyBackCreditCard, TitaniumCreditCard, PlatinumCreditCard
3. Creator- CardFactory
4. ConcreteCreator- MoneyBackCardFactory, TitaniumCardFactory, PlatinumCardFactory

When I look at the implementation though, all I see is a set of objects (with a common ancestor) whose constructor is decided and called based on some variable.

I assume there is something more correct? Last I knew, creating an object in a if/else or switch statement did not define a design pattern. I don't understand what makes this special.

Thanks to all who respond.