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Mastercard
MasterCard Basics:
Understanding a Major Player in Credit Cards

So you have a MasterCard in your pocket do you? Actually, you don’t. Not to worry, you haven’t been robbed—the point is that there is actually no such thing as a MasterCard credit card. MasterCard is a system which processes payments made on certain credit cards; it isn’t a card in itself.

If you’re still puzzled, this is precisely why it’s worth educating yourself on the ins and outs of MasterCard. You’ll get a better understanding of what having a card with those familiar red and orange circles on it really means.

Where can you get MasterCard?

As far as credit card tips go, this is an important one to understand: You aren’t looking for a MasterCard as such—you’re looking for a credit card which has the MasterCard symbol on it.

Once you’ve got this distinction straight in your mind, you can start looking at the various credit cards available on the market. While a card with the MasterCard symbol is good to have in your pocket, don’t forget to consider some credit card tips before you make your choice.

For example, what kinds of interest rates are offered? Are there any special advantages or deals to having one card over another? Consider your choices carefully, as not all cards with the MasterCard symbol on them are exactly the same.

Where can you use it?

You can use this credit card anywhere you see the MasterCard symbol displayed. You will usually see this on shop windows and at checkouts in the shops themselves. If in doubt, ask before taking out your card to pay for a purchase.

One of the main selling points of MasterCard is that it can be used all over the world. This makes it virtually a must if you often travel, regardless of whether it’s for business or pleasure.

Are there different types of MasterCard?

Although the vast majority of MasterCards are credit cards, there is a new prepaid card that has just been introduced, to make it easier for people who don’t want to have a credit card to pay for items wherever the MasterCard symbol is displayed. There are plenty of safety tips involved with credit cards, but this one is totally in your control, because if it should get stolen, the thief can only use the amount of money that is loaded onto the card. You can’t go overdrawn on it, you can’t reach your limit, and you can’t spend more than you have put on it. If you’ve got into trouble with having credit cards before, this is one of the best credit tips you could try. Everyone is accepted and you are in complete control of how much you can spend every single time you go shopping with it.

Is it safe to use?

It’s common sense to follow some basic safety tips if you have a credit card, such as keeping it out of other people’s reach and sight, and making online payments over a secure connection.

But MasterCard now comes with an additional safety feature called SecureCode, which further protects your personal and card information—all of which ensures that this type of credit card is one of the safest ones you could use.

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