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What is the importance of having a MasterCard number?

A:

Quick Answer

A MasterCard number provides access to a network of merchants with features and benefits that include purchase protection, travel protection, exclusive offers, discounts and protection from unauthorized transactions, reports the official website at MasterCard.us. More than one billion MasterCard payment cards are in circulation, and MasterCard serves consumers and businesses in over 210 countries and territories around the world, states CreditCards.com.

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Full Answer

Some of the important benefits of having a MasterCard include purchase protection features such as extended warranty, price protection, purchase assurance and satisfaction guarantee with eligible cards, reports MasterCard.us. MasterCard also offers global card-related assistance and concierge services for card holders. U.S. MasterCard members have access to free services that help detect and resolve identity theft.

MasterCard also provides travel services such as access to more than 600 airport lounges in over 100 countries in partnership with Priority Pass. Other features of a MasterCard may include baggage delay insurance, hotel/motel burglary insurance, rental car collision damage waiver insurance and travel accident insurance. MasterCard card holders get preferred access to an array of valuable offers, upgrades and experiences, explains MasterCard.us.

MasterCard acts as a connection between financial institutions and millions of businesses, cardholders and merchants across the globe. A MasterCard credit card is an easy way to temporarily borrow money and get extra protection on purchases, but using a credit card indiscriminately can result in high interest payments, cautions MoneySupermarket.com.

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