Mastercard Services

2007-03-08 10:33:40

( Financial )



Mastercard, the Byword in Credit Cards

Mastercard Worldwide was first established by several American banks in the late 1960's as a credit card, and was first marketed as Mastercharge. Since then, its network has grown to more than twenty-five thousand member banks, issuing not just one but several variants of Mastercards. Like its competitor Visa merchant account, Mastercard has expanded its services globally.

Most types of establishments in the U.S. accept Mastercard as an alternative to cash payments. Your Mastercard is also honored in most businesses in major cities around the world that accept other credit cards.

To its members, Mastercard plays several roles - as a franchisor of a leading credit card brand, as a processor of card transactions using high-technology and super efficient methods, and as an advisor providing solutions for card processing and customer relations.

A Myriad of Mastercard Services and Benefits

Your Mastercard not only allows you to make purchases without shelling out cash now, but also entitles you to a wide variety of services and benefits as a cardholder. Most of these Mastercard services are standard for all cardholders.

You can pay most of your bills, taxes and loans using your Mastercard. You can also obtain emergency cash advances by using any automated teller machine that displays the Mastercard logo. There are at least a million of these worldwide.

Aside from retail outlets, online sites also allow you to purchase their goods and services using your Mastercard. And if you wish, you can further secure your Mastercard online purchases with a secret code. Travelers can utilize Mastercard's lost or delayed baggage coverage, insurance for hotel burglary, and travel accident insurance.

You can register to gain access to your account information online, or you can also make inquiries by calling their toll-free number and then keying in your account number and PIN code.

Some higher-level Mastercard variants provide purchase extended warranty, insurance, and free roadside assistance. Travelers can utilize Mastercard's lost or delayed baggage coverage, insurance for hotel burglary, and travel accident insurance.

One of the most practical Mastercard services is the rewards system, which entitles you to earn travel miles or purchase points whenever you use Mastercard.


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