MasterCard prepaid cards
Pitfalls On Mastercard Prepaid Cards
Are you planning to get prepaid credit cards? There are three types of cards basically namely, Visa card, MasterCard and Maestro cards. Each type of card has its own advantages and disadvantages. So when you are choosing your prepaid credit cards it is not enough that you choose the right company for your prepaid card, but it is equally important to choose the right card type because your rates for various transactions will depend on the type of card.
MasterCard is always known to be one of the most expensive types of cards as opposed to Visa and Maestro cards. So if you are choosing MasterCard, you should be ready to part with more money. Different types of fees involved in using a prepaid card include the following: Application Fee, Transaction Fee, Monthly Fee, ATM Charges.
It has been observed that MasterCard is more expensive than the other two types of cards. Whether it is application fees or transaction fees or ATM charges MasterCard prepaid card owners end up paying premium prices over each transaction. Not many people are aware that they are paying higher fees by choosing MasterCard.
Secondly, the number of retail outlets that accept MasterCard is comparatively lesser than Visa prepaid cards though both Visa and MasterCard are equally popular. You will not be able to make use of your MasterCard prepaid cards at the petrol pumps as you may have problems using your prepaid cards.
Moreover, it has been observed that MasterCard serves as an easy target for the fraudsters. Whether it is prepaid MasterCard UK card or postpaid MasterCard, fraudsters target these credit cards. So your security is undermined by choosing MasterCard prepaid cards. If you do not want to subject yourself to all these unnecessary problems then it is best to choose other card types when you are totally free to make your choice. Once you signup for your card, then you will be forced to stick to the signed up card.
It is always a wise approach to compare your credit cards whether it is prepaid or postpaid. Now that you know that your card type can affect your costs and the service levels, it is best to choose a card type that does not have any pitfalls. You have an additional factor against which you should review your prepaid card.
Compare Prepaid bring to you the best prepaid cards; you will be able to compare your prepaid cards easily at our site in just few clicks and make wise choices with your MasterCard debit card. By hastily deciding on your prepaid card without proper review will result in loss of money with every transaction that you will make using your prepaid MasterCard.