What is the difference between a regular MasterCard credit card and a prepaid MyCard MasterCard Card?
MyCard can qualify almost everyone for a card, you load money onto the Card in advance of spending it, you have no monthly balance to pay, and you can use it everywhere you can use a MasterCard credit card. You can only spend what you have put on the Card. Applying for a traditional MasterCard credit card requires you to go through a credit approval process which may include credit checks and employment verification as you will be spending funds first, then paying the bills after. Any credit card company would want to ensure you are capable of repaying these funds. Not everyone will qualify for a credit card. MyCard offers you a new and different option. No more waiting. With a confirmed identity you will receive a personalized MyCard in your mail within ten to fifteen business days. Let’s compare what you would pay for a credit card or using a bank debit card with a MyCard. ++ ATM FEES can have you paying once at the ATM and again at your bank – that could be $3, no $5, oh no sometime
