The Priceless MasterCard Advantage

Certainly there is a MasterCard advantage for credit and debit cards bearing its name - even if MasterCard itself does not issue these.

Bear in mind that MasterCard is not a credit card nor a financial services company but a company whose electronic processing and payment system is used by the institution that issued your credit card or debit card. The word 'advantage' may or may not be explicitly written in the cards but having its name as the partner institution of the card issuer already entitles you to the MasterCard advantage.

Advantages of the MasterCard Name on Your Card

The primary advantage of having the MasterCard name on your debit or credit card is the peace of mind it brings to being assured of the reliability and security with which you can use your card in any part of the world. According to its website, "MasterCard operates a sophisticated and multi-level fraud monitoring system to protect cardholders from data compromise and fraud." Even for your foreign currency transactions, MasterCard has a state-of-the-art currency conversion mechanism that determines the correct exchange rate to be applied to you.

Secondly, MasterCard has put in place together with the card issuer a set of benefits for both debit and credit cards as follows: However, these benefits vary depending on the card type and on the issuing financial institution.

o Extended Warranty: MasterCard doubles the brand or store warranty for up to one year for purchases made using the eligible MasterCard.
o Price Protection: MasterCard refunds you for the price difference when you find a lower price for the same item bought previously within 60 days from date of purchase.
o Purchase Assurance: MasterCard provides coverage for most items damaged or stolen within 90 days of purchase.
o Satisfaction Guarantee: For eligible cards, MasterCard will refund up to $250 within 60 days of purchase, if you have become dissatisfied with a product bought with your MasterCard.
o Protection and Peace of Mind: You have zero liability in the event that someone makes unauthorized purchases with your card.

Thirdly, MasterCard has a rewards program or an array of incentives that is awarded to you when you use your credit card. Different types of MasterCard credit cards carry different rewards schemes. Some of these are as follows: airline rewards; cash back; hotel rewards; travel rewards; gift certificates; shopping, dining, and entertainment discounts on the MasterCard Marketplace, and many others.

Advantage MasterCard

Some MasterCard credit cards have the word 'Advantage MasterCard" written in them. These are mostly for specific products such as gas. An example of this is the Fuelman Advantage MasterCard Business Card which, among others, makes the cardholder save up to 15% on fuel management costs, receive a 1% rebate on fuel purchased in participating outlets, and a 5% rebate on vehicle maintenance. Another example is the Canadian Tire Gas Advantage MasterCard which enables the cardholder to save at least 2 cents and up to 10 cents per liter of gas bought at Canadian Tire Gas Bars.

Consider MasterCard when planning to apply for a credit or debit card with your bank, any financial institution, or any other company that issues these. Enjoy priceless possibilities when you step into the world of the MasterCard Advantage.


Source: Credit Cards For People With Bad Credit Rating

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