What is a secured credit card?

Secured credit cards are a type of credit card where the cardholder secures the card with a security deposit. Such cards offer limited lines of credit that are equal in value to the security deposits, which are often refunded after cardholders demonstrate repeated and responsible card usage over time.

Are Visa & MasterCard a credit card network?

Visa and Mastercard are two of the largest credit card networks in the world, each operating in more than 200 countries. As card networks, Visa and Mastercard work with banks and financial institutions to process debit and credit card payments, but they don’t issue any cards themselves.

What types of credit cards does MasterCard offer?

Comprehensively, its card offerings include credit, debit, and prepaid cards. The majority of Mastercard’s business is through partnerships with financial institutions and their organizational co-brand partners to offer open-loop credit card options. Mastercard does not have a banking division, as discussed in its 2020 Form 10-K filing:

What is a reward credit card?

Many reward credit cards provide bonus points for certain categories of spending like restaurants, groceries or gasoline. When certain earnings thresholds are reached, points can be redeemed for travel, gift cards from retailers and restaurants, or for merchandise items through the credit card company's online rewards portal.