Tuesday 16 September 2014

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

By Alex Anderson


A wide selection of credit cards is available in the financial market and most card users go for either a MasterCard credit card or Visa card as they allow them to make purchases anywhere anytime.

However, when we talk about prepaid credit cards, there are many companies and retail stores offering co-branded cards to their customers. Thus, you need to know how to select the perfect card to benefit from it in the best way.

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

Generally, there is an association between two or more businesses or brands in case of co-branded cards. Before opting for these cards, it is important that you consider you spending preferences. For example, if there is an airline that you frequently select for business purposes, opting for their prepaid card will prove to be beneficial for you then, and will provide you with added advantages as well.

As co-branded cards are usually in collaboration of two or more brands or businesses, you need to consider your own spending preferences before you opt for a card. If you frequently fly with an airline for business purposes, you may benefit from their prepaid card, as it will provide you with additional benefits too. Similarly, a store card may provide you with discounts at its worldwide chain and a card taken from a fuel company may be best if you travel long distances via private car, as you can get cheaper fuel with your card.

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.

What Will It Cost You? There is a minor fee which is applicable at the time of applying for a co-branded card but once the customer pays this fee, he/she can enjoy all the facilities of the card without any added charges. There are no additional charges on any of the transaction made by the card holder. However, considering all the practical benefits of each card and comparing them carefully will allow you to make a better decision on selecting the card that offers maximum benefits for you.

Co-branded credit cards offer many benefits to the cardholders. Therefore, make the right choice with the help of the above given considerations and get your MasterCard credit card today!




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