MasterCard credit card is arguably one of the most used and mowt popular credit card in the credit card market today. Virtually every other credit and debit card are issued by MasterCard. Their closes rival in credit card issuing is the Visa company and Verve.
One of the easiest way by which bank extend credit to their customers is through the use of credit card. This credit cards is designed as a small plastic card with the card holder’s name printed on it, usually common with the MasterCard credit cards.
Physical Features Of A MasterCard
This is how you card identify a credit card whenever you see one, similar in size and design with a debit card, here is what your get;
- A credit card is designed with a small plastic
- The card holder’s name is inscribed on the card
- The account number is account number of the holder is inscribed on the card
- The signature of the card holder is also inscribed on the card
- The credit card expiration is inscribed on the card
Note – The only difference between a credit card and a debit card is that on the credit card you have the card holder’s account number on it, while the debit card has no such thing on it, although information on the cards are the same.
A card holder who may or may not be an account holder in the issuing bank is allowed to sue the card to buy goods and services which may also earn him rewards, rebates, benefits as well as card points depending on the offer the credit card has.
Where Can MasterCard credit card Be Used
The MasterCard credit card can be used at several locations where sales are made, example of locations where you can use your credit cards includes the following;
- Online stores
- Online malls
- Designated Gas station
- Every other certified location where you can use your credit card
The Major Types Of Credit Card Issuers
Predominantly, there are two major credit card companies that you will probably see on any of the credit cards today, there are other, but these two are dominant in the credit card industry, they are;
- MasterCard credit card
- Visa credit card
On a final note, with your credit card a card holder has an option of obtaining a cash advance from the bank or the issuing company who are members of the scheme. Rewards, rebates, card points, miles to be earned are issued based on what is on offer by the bank or the financial institution in charge of the credit card.