Guide on Co-Branded Credit Card Features & Benefits
CO-BRANDED CREDIT CARD – Here is a guide on its difference from the regular credit card and its excellent benefits for the cardholders.
Many people applied for a credit card for emergency purposes. For others, they use the card in their daily spending so they can keep track of their expenses. They want to pay in full and have a record of where exactly did an amount go in a month.
How about you? Do you already have a credit card? There are a lot of banks that offer credit cards and despite some negative impressions as it has left those who do not know how to handle it well in debts, it has a lot of benefits.
Credit cards must be handled with firm discipline on when to use it. There are different types and one of them is the co-branded credit card.
A co-branded credit card is a credit card offered by retailers and establishments in partnership with a credit card provider like a bank or a lending firm. Based on Moneymax, it is usually used for shopping in specific mall establishments, booking airline tickets, getting the car fueled up, paying for a college tuition, etc.
A regular credit card and a co-branded credit card are the same in a way that they can be used in most establishments. The only difference is that there may be additional perks for the holders of the latter. Based on the article, here are some benefits:
- Rewards and Cashback – If you have a co-branded credit card of the store where you usually make transactions or purchases, by having this type of card, you may earn points while you spend. You may also earn a part of what you are spending or a “cashback”.
- Exclusive Discounts and Freebies – Credit card holders of this type of card may enjoy exclusive discounts and as well as freebies on special days and even a daily discount for eligible holders. You may also enjoy some freebies depending on the brand like a free flight if you have a credit card offered by an airline.
- Priority Access – You may enjoy exclusive sale and discounts when you go shopping. You may also enjoy the privilege of paying using the priority lane.
Credit cards and co-branded credit cards are almost the same in terms of usage aside from these exclusive benefits and perks. Have you thought which store do you often make purchases at?
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