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Friday, June 22, 2018

By Klaus Hoffman


CREDIT CARDS This are issued by a bank, building society which allows the holder to make purchase on goods or services on credit. A bank creates an account and grants credit to the holder, from which it becomes possible for the holder to borrow money for payments to a merchant or as a cash advance.

The headquarters is located in O'Fallon, Missouri in the United States. Throughout the world, master card's principal aim is to process payments among the banks of merchants and the card issuing banks.

Master cards comes in different types, we have master card gold, world master card, master card world elite, which they all have their own privileges, advantages and rewards. Master card provide 24hr, 7days a week and 365days a year assistant multilingual systems including emergency assistance. Through master card you can send money to your beneficiary in a little time. Master cards offers online offers easy payments. They have mobile apps that help you in any business, related to using your cards.

This is a retail merchant card issued in partnership with a specific network processor. They are branded with the logo of the network processor or retailer.

BENEFITS OF USING A MASTER CARD Master card credit card gives the users the opportunity to purchase goods and services on credit with promise that the user pays back.

Keep your balance as low as possible, spending a lot of money with your credit card and then pay it back and then repeat it over again, may seem like the right way to build a good credit history. No it isn't, consistently using lots of your available credit can hurt your credit history.

BENEFITS OF HAVING A CREDIT CARD More than 80 percent of U.S households have at least one credit card. The reason is very clear, credit cards offers a lot of advantages over other methods of payments.

Short comings of master cards As master card is an easy way to pay for purchases the consumers can find themselves accumulating a large amount of debt quickly, interest rates on the cards varies and some can charge at an extremely high rate.




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