Saturday, April 21, 2018

Faqs Regarding Co-Branded Cards.

By Vickie Anderson


Many people are unaware of what co-branded cards are, what they can be used for and where can they be used?

Q.) What Are Co-branded Prepaid Cards? Co-branded cards are cards, which represents a company through a certain brand or many brands. These include well known brands such as Visa and MasterCard, which have their logos upon those cards, to show that they are representing the company, and there is a mutual partnership between them.

These cards, such as a MasterCard credit card, make it easier for you to go about your business with your clients and customers. They allow you access to your money or the bank's money for your use, no matter where in the world you may be.

Q.) What Roles Do Brands Play? Let us say you own a VISA credit or debit card; did you know that you can get benefits from these co-branded prepaid cards via certain discounts? This includes cash back and small gifts as well. Perks can be gained through co-branded card programs which let you take small benefits every now and then.

The same goes for a VISA credit or debit card as well. It lets you avail benefits from co-branded card programs which give you small discounts, and allow you to use card based services from anywhere you'd like.

Retail Stores Co-branded cards are used by many in the retail industry as well. Let us assume you wish to purchase merchandise for your office and a shop accepts cards from brands like VISA and MasterCard.

Do I have a significant data base of customers? Are my customers loyal to my company? What makes my business better than others? Is my company growing well? What leverage can I offer my customers?

Cards like the MasterCard credit card can be used at any store as long as the store accepts those cards. The benefit of having such a card is that you no longer have to worry about keeping cash with you and thus avoid being a target for thieves.

The best benefit you can get from this program is that both brands VISA and MasterCard are accepted internationally, meaning if you own a MasterCard Credit Card, you can avail it anywhere. This is why co-branded cards are healthy for businesses around the world.




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