Mastercard Credit Cards FAQS

Credit cards do have an expiration date and that`s because of magnetic stripes. Magnetic stripes can`t work forever, they just wear out. And what is more, that1s a good reason for a credit card company to stay in touch with you as a credit cardholder.

MasterCard credit cards allow you to set up manual or automatic bill payments and even pay a wide variety of individual and business taxes. It is convenient as you can easier keep track of your expenses and stay organized. There are two different kinds of bill payments – manual and automatic and you can choose one that is more convenient for you. With manual bill payment you can select amount and date and you initiate the payment. Or you can contact your service providers and set up quarterly, monthly or weekly payments, and your MasterCard account will be charged on a regular basis.

Credit card approval policies vary depending on the issuing financial institution. Among other things considered by the bank are your credit history and employment. Most of credit card companies rely on data they pull from credit bureaus. After you complete and submit your application, the issuing company sends a request to a credit reporting agency for your credit report, reviews your credit history, and makes the decision whether to approve you for a credit card or not. MasterCard does not issue cards directly; the decision will be made by the issuing bank. To find a card best matching your needs and habits, visit MasterCard Credit Cards page of our site, search by your credit history or...