Every day, we come across several new terminologies that we haven't heard of or read before. One such new term that is becoming quite common as well as popular in the commerce world these days is of a co-branded card.
Usually, people are aware of debit and MasterCard credit cards only as the sole medium of carrying plastic money along with them. However, there is one more type of card that allows customers to use the money that have saved in their bank accounts, whenever they want. This is a prepaid card that comes under co-branded card programs.
Most people usually believe that debit cards or MasterCard credit cards are the only options through which customers can instantly access and avail the money that is saved in their bank accounts.
However, in reality, there are other types of payment cards as well that render quick transaction services and thus, can be used as plastic money. A co-branded card is one of them.
The reason it is called a co-branded card is simply because it has several logos imprinted on it. These logos belong to all those organizations that are associated with it, which include the company, the prepaid card provider, and sometimes, even the bank. This card acts as a medium for all these organizations to advertise and promote their services and attract more customers.
Thus, although prepaid credit cards are used in the similar way as any other regular credit card, it doesn't lend an additional amount to the user.
No Transaction or Card Maintenance Fees - Using such cards has no surplus maintenance or transaction fees.
Minimum Services Rates - This service doesn't deduct a huge portion of your transaction by claiming service charges. Rather, it enables customers to spend their money conveniently with smaller deductions.
No Additional Fees - Usually, such programs do not charge any service fees or maintenance charges.
Acceptable Worldwide - if you opt for a co-branded card program such as MasterCard credit card, your customers will be able to use these transaction services all over the globe.
Co-branded cards can provide numerous benefits to your clients and can make their shopping experience worthwhile. Whether it's regular shopping or online, MasterCard credit card and Visa cards allow you to shop whatever you want with credit. So seek the many benefits of a co-branded card today to steer clear of debt!
Usually, people are aware of debit and MasterCard credit cards only as the sole medium of carrying plastic money along with them. However, there is one more type of card that allows customers to use the money that have saved in their bank accounts, whenever they want. This is a prepaid card that comes under co-branded card programs.
Most people usually believe that debit cards or MasterCard credit cards are the only options through which customers can instantly access and avail the money that is saved in their bank accounts.
However, in reality, there are other types of payment cards as well that render quick transaction services and thus, can be used as plastic money. A co-branded card is one of them.
The reason it is called a co-branded card is simply because it has several logos imprinted on it. These logos belong to all those organizations that are associated with it, which include the company, the prepaid card provider, and sometimes, even the bank. This card acts as a medium for all these organizations to advertise and promote their services and attract more customers.
Thus, although prepaid credit cards are used in the similar way as any other regular credit card, it doesn't lend an additional amount to the user.
No Transaction or Card Maintenance Fees - Using such cards has no surplus maintenance or transaction fees.
Minimum Services Rates - This service doesn't deduct a huge portion of your transaction by claiming service charges. Rather, it enables customers to spend their money conveniently with smaller deductions.
No Additional Fees - Usually, such programs do not charge any service fees or maintenance charges.
Acceptable Worldwide - if you opt for a co-branded card program such as MasterCard credit card, your customers will be able to use these transaction services all over the globe.
Co-branded cards can provide numerous benefits to your clients and can make their shopping experience worthwhile. Whether it's regular shopping or online, MasterCard credit card and Visa cards allow you to shop whatever you want with credit. So seek the many benefits of a co-branded card today to steer clear of debt!
About the Author:
There are plenty of benefits for pursuing co-branded card programs. Pick a VISA or MasterCard credit card program to use them.. Free reprint available from: What Are The Basic Features Of Co-Branded Cards?.
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