Mastercard Credit Card

Mastercard credit cards are special credit cards that use the Mastercard payment network to operate. Mastercard is a USA-based financial services company that facilitates card payments between Mastercard-issuing banks and merchant banks in a secure and efficient way. 

Several major banks in the country have partnered with Mastercard to offer credit cards with numerous benefits to users.

Some of the best Mastercard credit card variants offered by the top banks are mentioned below:

There are different types of Mastercard credit cards to suit the specific needs of cardholders. These are listed below:

• Platinum Mastercard

The Platinum Mastercard is designed for premium cardholders. It comes with some of the best services and benefits to make your shopping experiences more enjoyable.

• World Mastercard

The World Mastercard offers many features, including insurance benefits, coupled with a worldwide acceptance. You can use this card to enjoy exclusive access while on vacation or business trip. 

• Titanium Mastercard

The Titanium Mastercard offers special privileges, protection, and benefits, helping you maintain a trendy lifestyle. Take advantage of features that could enhance your lifestyle through digital technology.

• World Elite Mastercard

The World Elite Mastercard comes with some of the best features, improving cardholder's purchasing power. It comes with various lifestyle, travel, and insurance benefits that have been specifically curated to offer a refined experience. The card also provides the option to access personalised assistance whenever required.

Depending on the type of Mastercard credit card you apply for, you can avail different offers across a host of categories. Listed below are some offers you could utilise with a  Mastercard credit card:

Disclaimer: These offers can vary at the discretion of the card issuer.

To apply for a Mastercard credit card, you will be required to submit a list of documents along with your credit card application. Here’s a quick look at a few of them. 

• PAN card

• Identity proof - Aadhaar, driving licence, passport, or voter’s ID 

• Address proof

• Proof of income - latest salary slips or Income Tax Returns (ITRs) 

• Latest passport-size photographs 

Now, keep in mind that the above-mentioned list is only indicative and not exhaustive. Your credit card issuer may request you to provide additional documentation. This can happen at any point in time during the credit card application or the verification process.

Mastercard credit cards can be used on the Mastercard network, which is available worldwide. The card supports payments across multiple categories, both online and offline, while also giving you access to exclusive credit card reward points. 

You can also use the card at Mastercard-compatible ATMs globally if you are in urgent need of cash.

If you wish to get a Mastercard credit card, you can apply for one online by following the steps mentioned below:

1. Head to the issuers’ website

2. Fetch for the ‘Apply Now’ button and click the same

3. Enter the requested details, such as, contact number, date of birth, etc.

4. Proceed to go through the available options

5. Browse through the best Mastercard credit cards for you 

6. Compare their features and select your card

7. Fill in all applicable details in the application form

Alternatively, you can also apply for a Mastercard credit card offline. For this, you will have to visit the nearest bank of your choice. You need to provide all the relevant documents required for credit card and request a bank representative to assist you with the Mastercard credit card application. 

The representative would then check your eligibility and help you choose the right Mastercard credit card.

Mastercard, in partnership with banks, issues both credit cards as well as debit cards. However, there are some key differences. Here’s a quick glimpse. 

• Credit Line

With a Mastercard credit card, you get a line of credit of a certain amount up to which you can borrow. However, a Mastercard debit card is mapped to a savings account, which is debited each time you use the card to make payments. 

• Interest-free Period 

Mastercard credit cards come with an interest-free period ranging from 20 days to up to 45 days, depending on the type of card you avail. As long as you repay the amount within the due date, you will not be liable to pay interest whatsoever. However, with a Mastercard debit card, you do not get any interest-free period since there is no borrowing involved. 

• Credit History 

As you continue to use your Mastercard credit card and repay the bills on time, you get to create a credit history, which can come in handy when applying for loans and/or other credit facilities. With a Mastercard debit card, however, you do not get to create any sort of credit history.

If your credit card has the contactless benefit, you can simply tap your card on a compatible point-of-sale (PoS) machine to make a payment. 

This makes transactions using your credit card safe and secure. It also helps you save time when you are in a rush or at locations where speed is essential, such as gas stations, food takeaway counters, etc.