What is a Master Card??? How to get Master Card?>??
What is a Master Card??? How to get Master Card?>??

Master card is one of the Biggest Payment Networks in the World. Master card offers its customers a wide range of benefits through partnerships with major financial institutions around the world. Learn more about MasterCard in this post.
What is Master Card???
MasterCard may be a payment processor network. MasterCard primarily works like Visa, Discover, etc. payment networks. MasterCard's supply of financial gain is that the varied charges and costs issued on every card. MasterCard generates their core revenue from the Gross mass Fee..
MasterCard cards are issued by the member bank, which bears the logo of MasterCard. This means that the card will work where the MasterCard brand is accepted as the payment method. There are four major payment card processors in the entire payment industry: MasterCard, Visa, American Express and Discover. Each company operates a payment network and partners with various organizations to provide card facilities.
How does MasterCard work?
MasterCard credit card or debit transactions can be made in about 150 currencies in more than 200 countries and regions of the world. The use of MasterCard as a payment service provider is increasing day by day. In particular, MasterCard's brand and partner brands are the main reasons for the success of MasterCard.
A total of 5 entities work together in a simple MasterCard transaction. In addition to payment processors, transactions include consumers, account holders, issuing banks, merchants and proprietary banks.
usually, an Account Holder makes payment to the Merchant using his Master Card branded Card. After the transaction authorization, the issuing bank pays the payment to the proprietary bank. The transaction amount is then charged from the account holder's account.
Types of Master Card
although any type of card Reward or offer depends on the issuing Bank there are three different tiers based on the benefits of Master Card ..
Standard
World
World Elite
The benefits of each tier or type are discussed in the Master Card type section. This type may vary from bank to bank. Examples: Gold, Platinum, Titanium etc.
Advantages of MasterCard
MasterCard originally offers three packages, depending on the benefits available.
Standard
The following benefits can be found in the case of MasterCard Standard Package:
The user has no liability in case of card fraud, the
condition is applicable
Help can be obtained from anywhere in the world by
calling MasterCard's Global Hotline number
Security will be provided from ID theft
World
In addition to the mentioned standard level benefits, additional benefits will be available in the World Package. The benefits of the World Package are:
Monthly phone bills can be paid by card and have damage
coverage up to 600
Access to MasterCard's Travel and Lifestyle Services
Trip Planning Assistance
The advantage of booking a hotel at a lower price
Luxury hotel facilities
Additional facilities at the airport
Discount and membership benefits in partner services
World Elite
In addition to the standard and world level benefits,
some additional premium benefits are also available in the World Elite Package,
e.g.
High cell phone insurance claim limit
Tickets, reservations, etc. can be done by phone
Discounts on movie ticket purchases, etc.
Again, this category may be different in your desired bank. You can know that from the bank.
The disadvantage of MasterCard
Shopping with MasterCard is very easy to make, but its easy availability can make it difficult for users to understand. Again, since there is an interest charge on the money spent, the amount of this money can be much higher over time. This means that even if it is possible to spend huge sums of money using a credit card, paying it can be quite a hassle. In case of failure to pay the bill within the due date, additional fee will be applicable.
Using MasterCard can increase your bill, but if you fail to pay the bill on time, it can ruin your credit score. As easy as it is to spend money using a credit card, you can easily fall into the trap of clutter.
Again, there is the issue of credit card fraud. This means that there are advantages to using MasterCard's credit card as well as some disadvantages that should be taken into consideration.
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How to get a master card
Like any other credit card, you need to apply for a
MasterCard from a bank. In Bangladesh, City Bank, Eastern Bank, BRAC Bank,
Islami Bank and many more banks issue MasterCard.
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