Thursday, September 11, 2014

By Alex Anderson


The financial market offers a large range of credit cards and most people select a Visa or MasterCard credit card that enables them to make expenses worldwide, wherever these card providers are available.

When it comes to prepaid credit cards, customers are often offered co-branded cards by many retailers and companies. However, before selecting these cards, it is better to have some understanding on how they can benefit you so that you can select the right one for yourself.

Before making your final decision of selecting either a MasterCard credit card or co-branded card, consider the following points:

Spending Expenditures. Prepaid card holders can save up a certain amount of money in their cards to use it at the time of purchases. Contrasting to the general credit cards, the prepaid cards do not have any collaboration with any credit system meaning the card holder can only spend as much money as specified on their card.

In the same way, a store's prepaid card can offer you discounts and deals at all its outlets and stores worldwide. Opting for a prepaid card of a fuel company will benefit you if you travel long distances in a private car as you will be able to get fuel at cheaper rates.

Benefits and Rewards. Almost all prepaid and credit cards will provide you with additional rewards and benefits. Some will offer discounts, others will offer gift hampers on fixed amount of purchase and so on. Discover the rewards that are associated with your chosen card before finalizing your selection.

Cost of the Card. Most companies will charge you with a minor fee when you apply for the co-branded card. However, once this fee is paid, there are no additional charges involved for the maintenance or usage of the card. Thus, your transactions are all made without additional charges. Nevertheless, you need to consider the utilitarian value of the card and compare it with its cost to determine if it is a true value for your money before investing in it.

There are several advantages offered by co-branded cards to the card users. Hence, it is better to consider all the possibilities before buying your MasterCard credit card.




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