الأحد، 5 أكتوبر 2014

What To Look For When Selecting A Co-Branded Card?

By Alex Anderson


Of all the plastic money available to the card holders today, majority of them select a MasterCard credit card or a Visa card. This allows them to spend their money all around the world.

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.

Expenses You Make. Card users have the benefit of storing a certain amount of money in their prepaid cards which can later be utilized at the time of making purchases. These cards are not associated with any card systems like typical credit cards do, which is why card holders can only spend the amount stored within the card.

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.

However, co-branded cards are collaborated with two or more products, businesses or brands and for selecting this card, you have to determine your spending expenditures. Flying with the same airline every time you have a business appointment can save you bucks if you have their prepaid card, as well as provide you with added advantages. Attaining a prepaid card from your favorite store or shop will allow you to avail many discounts and special offers in all of their chains worldwide. Cheaper fuel can be bought if you get a prepaid card from your fuel company.

How It Will Benefit You? Every credit and prepaid card offers countless benefits to their card holders either through discounts, free gifts, coupons or more. It is best to discover all the benefits and perks offered by the cards before you make your final decision.

Card Charges. There is a small fee for the issuance of a co-branded card by many companies. However, this fee is one time only, and after that, there are no further charges for the usage or maintenance of the card. This means all purchases made by you are free of extra charges. It is better to keep in mind the utilitarian value of both cards and make a comparison before making your final decision.

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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