Tuesday, April 17, 2018

Faqs About Co-Branded Cards.

By Vickie Anderson


Many people have many questions regarding co-branded cards, questions like: who are they for? What are they? How are they used? Where are they used? Here is a short list of the most asked questions. Q.) Co-branding And What Is It? Letting a dominant or strong brand represent your company is co-branding. These brands have their logo or logos on the credit card of the business or company which they are representing. The relationship between the two, the company and the brands is a partnership which helps the company satisfy its customers and benefit its employees.

Q.) What Is A Co-branded Card? Co-branded cards are like normal credit or debit cards, which are represented by a certain brand. Brands such as Visa and MasterCard have their logos upon those cards, showing that your company is a co-branded company.

Co-branded Prepaid Cards Cards like the MasterCard credit card will allow you to access cash from almost anywhere around the world. MasterCard is a very well known brand and is accepted worldwide; in other words you can use this card regardless of your location or the time.

Q.) What Roles Do Brands Play? Let us say you own a VISA credit or debit card; did you know that you can get benefits from these co-branded prepaid cards via certain discounts? This includes cash back and small gifts as well. Perks can be gained through co-branded card programs which let you take small benefits every now and then.

The same goes for a VISA credit or debit card as well. It lets you avail benefits from co-branded card programs which give you small discounts, and allow you to use card based services from anywhere you'd like.

Retail Stores Co-branded cards are used by many in the retail industry as well. Let us assume you wish to purchase merchandise for your office and a shop accepts cards from brands like VISA and MasterCard.

Do I have a significant data base of customers? Are my customers loyal to my company? What makes my business better than others? Is my company growing well? What leverage can I offer my customers?

Q.) Who Can Be The Holder Of The Card? You can be the owner or holder of the card, and so can your employees and customers, as well as clients. Everyone gets to benefit from this program; you get customer satisfaction and thus increase their number and your employees get access to their accounts and salaries very easily.

International Usage You can book flights, hotel rooms, shop, do anything at all which your heart desires within instants. This is the best part about having co-branded cards; you can do so much within instants. You may even use the card to do some online shopping as well.




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