Mastercard

What Type of Plastic?

If you decide to use a card to buy goods or services use this list to decide which one is best for you. There are hundreds of cards available but most fall into one of these categories. To add further confusion you’ll find that card issuers offer gold, platinum and ordinary cards – these are the same types of cards with different conditions and benefits. Debit cards These take money directly from your bank account, they’re not credit cards but an alternative to cash or writing a cheque. Linked to your bank account, debit cards often also work in cash machines and as a cheque guarantee card. Switch and Visa operate these schemes for the banks. Charge cards If you use a charge card you’ll be sent a bill each month which you usually have to pay in full – so again... »