Get The Facts About MasterCard

May 9, 2011 - PRLog -- All of our shopping dreams have been materialized by the use of plastic money that is credit cards. MasterCard tops the list of Canadian credit cards. Research and statistics show that 90% of credit card market share is taken over by Visa and MasterCard.

MasterCard Canada offers a number of benefits to its holders and it is, many times safer to use. This card offers very low interest rates and comfortable monthly repayments. The use of MasterCard is not complicated at all and you wouldn't even have to worry about intricate rules and regulations. There are many rewards and cash back schemes on different transactions of MasterCard and sometimes no annual fee is charged. Moreover, MasterCard has special credit card for Canadian students that is tender to their needs. (http://www.yourloan.ca/credit-cards--credit/)

MasterCard gives a convenient online purchasing experience and is also one of the safest method of buying through the website. You will be given a peculiar security code that is shared by the bank with utmost confidentiality. MasterCard credit card. In this case, any Canadian Master Card holder has no liability in case of card abuse. Zero liability gives you the security of knowing that if your card has been misused through email, website or on any location, you are not liable to pay for the purchase. But, at the same time you must be cautious enough to keep your card safe, physically and virtually to protect it from misuse. Zero liability is not effective if you report more than one unauthorized purchase through your credit card within an year. As soon as you suspect misuse of your card you must immediately contact your bank and apprise them of your problem so they can lock your card as soon as possible.

The MasterCard (http://www.yourloan.ca/loan-articles/mastercard/) itself is very cautious about customers credit card's security by having an automated system for sending notifications to bank for any suspected misuse of credit card. The bank then contacts the customer to get approval or rejection of the concerned 'suspected' transaction. In this regard, a new technology has been introduced in Canada as 'Chip n PIN". This technology has been designed to curb fraudulent cases of credit card usage. There will be a computer chip implanted at the front side of the MasterCard instead of the traditional magnetic chip in credit cards. You won't be signing for payments instead you will be entering your private PIN.

The greatest benefit of MasterCard is that many well known retailers in Canada offer huge discounts on transactions with MasterCard and the card itself offers a number of draws for its users to give chances of winning cash and promotional gifts.

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