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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