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.
However, as people begin to realize the significance of money, the likelihood of monetary thefts and scams increased significantly. In order to combat this issue, technology was used to introduce a safer way to carry it. This resulted in the arrival of plastic money.
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.
Many people think that banks are the only authority that can issue the customers with a prepaid card. However, a co-branded card is one that can be issued by any company, which is affiliated with the bank, where its customers have an account. These cards are co-branded with providers of Visa or MasterCard credit cards.
Contrary to regular credit cards, co-branded prepaid credit cards allow the cardholders to use the fixed value of money that is already stored in their bank accounts. In other words, these cards allow customers to use the money they own via a credit card.
The logos on the top of the card not only indicate that this service is a collaboration of several distinct organizations; but also advertises the companies, every time it is used for a transaction.
No Transaction or Card Maintenance Fees - Using such cards has no surplus maintenance or transaction fees.
Minimum Services Charges - The services provided by these programs charge your customers extremely low costs or nothing at all.
No Additional Fees - Usually, such programs do not charge any service fees or maintenance charges.
Free and Quick Replacement - Some card providers even provide free and easy replacement of the card, in case it is stolen or lost.
Whether it's regular shopping or online, MasterCard credit cards and Visa cards allow your customers to shop whatever they want with credit. So seek these benefits of a co-branded card today to steer clear of debt!
However, as people begin to realize the significance of money, the likelihood of monetary thefts and scams increased significantly. In order to combat this issue, technology was used to introduce a safer way to carry it. This resulted in the arrival of plastic money.
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.
Many people think that banks are the only authority that can issue the customers with a prepaid card. However, a co-branded card is one that can be issued by any company, which is affiliated with the bank, where its customers have an account. These cards are co-branded with providers of Visa or MasterCard credit cards.
Contrary to regular credit cards, co-branded prepaid credit cards allow the cardholders to use the fixed value of money that is already stored in their bank accounts. In other words, these cards allow customers to use the money they own via a credit card.
The logos on the top of the card not only indicate that this service is a collaboration of several distinct organizations; but also advertises the companies, every time it is used for a transaction.
No Transaction or Card Maintenance Fees - Using such cards has no surplus maintenance or transaction fees.
Minimum Services Charges - The services provided by these programs charge your customers extremely low costs or nothing at all.
No Additional Fees - Usually, such programs do not charge any service fees or maintenance charges.
Free and Quick Replacement - Some card providers even provide free and easy replacement of the card, in case it is stolen or lost.
Whether it's regular shopping or online, MasterCard credit cards and Visa cards allow your customers to shop whatever they want with credit. So seek these benefits of a co-branded card today to steer clear of debt!
About the Author:
There are plenty of advantages for obtaining co-branded card programs. Pick a VISA or MasterCard credit card program to avail them.. This article, The Basic Features Of Co-Branded Cards That You Must Know. is available for free reprint.
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