Mastercard

The History of Mastercard

Mastercard began in 1966 as a membership owned association. The company expanded only a few years later and became a presence in Japan, Mexico, and Europe. This, however, was just the beginning of the global payments network. Mastercard continued to expand into other countries and has succeeded in bringing the benefits of electronic payments to almost every region in the world.

Over the last four decades, credit cards and electronic payments have changed the way we shop and do business. From the earliest days of credit cards, Mastercard has led the industry and been a driving force behind the evolution of electronic payments. Today, the company is dedicated to a customer-focused strategy and has cemented its role as a franchisor.

Consumer Card Programs

Mastercard offers numerous options for consumers interested in obtaining their own credit card. Some special features consumers enjoy with credit, debit, and prepaid cards include acceptance at millions of locations around the world, unparalleled payment options, and protection from identity theft and fraudulent purchases. Plus premium cards offer all of these things plus special features and added benefits.

Credit Cards

All of the credit cards offered through Mastercard provide flexible spending and can be tailored to meet your individual needs. Some of the most popular cards include:

• The Standard Card is a basic card good for those who are working to establish or re-establish credit.
• The Gold Card has everything a standard card has plus additional amenities like emergency cash and roadside service. Consumers with a good credit history benefit from high charging limits.
• The Platinum Card offers exceptional spending power, payment flexibility, and monthly rewards.
• The World Card offers complete financial freedom and no preset spending limit. Consumers can also enjoy a large selection of customizable rewards.
• The World Elite Card is the ultimate credit card, offering travel benefits, exceptional rewards, reservation programs, unlimited spending, and much more.

Debit Cards

With a debit card, consumers can use electronic payments as a form of cash anywhere debit cards are accepted. Charges are debited from the bank account of your choice. The company currently offers three types of debit cards:

• Standard Card – Just as the name implies, this is the most standard debit card that can be had.
• Gold Card – This card offers everything you get at the standard level plus added convenience and security.
• Platinum Card – This card gives you the highest level of benefits that can be had with any debit card.

Gift and Prepaid Cards

Gift and prepaid cards are accepted worldwide and allow consumers to travel without cash or checks. Prepaid cards also make great gifts and offer exceptional shopping freedom. You can get these cards at financial institutions or through participating retailers across the nation.

PayPass Cards

PayPass Cards were created especially for people who hate the hassle of swiping cards, entering pins, and signing receipts. This card works just like a regular credit card but allows consumers to simply tap it on a special machine and go. PayPass cards are currently accepted at 23 million locations worldwide.

Learn More About Mastercard

If you are interested in learning more about Mastercard and their credit card programs, you will find a wealth of information on the Mastercard website. You can also inquire about the cards at various financial institutions.