7 Reasons to Get a Prepaid MasterCard from Caye Bank

Banking Debit CardOne of the newest and most appealing services offered by Caye International Bank is the prepaid MasterCard. This preloaded bank card can be used anywhere that MasterCard is typically accepted, letting you shop and pay for virtually anything around the world. Best of all, it can help to limit your risk and give you peace of mind when you’re traveling.

If you’re still not convinced that a prepaid MasterCard could change the way you pay bills, travel or access your assets, read on to discover these seven compelling reasons to take the plunge.

1. Better Your Budgeting Skills

If you are used to shopping with a credit card with a large credit limit, you might be spending more than your budget really allows. With a prepaid card, you can only spend what you’ve loaded.

Knowing you only have a certain amount to spend can be a great way to stick to a budget and avoid debt.

2. Shop Worldwide

Perhaps the best thing about the prepaid MasterCard issued by Caye International Bank is that it boasts the prestigious MasterCard logo. You can use your card wherever MasterCard is accepted, which gives you access to stores, restaurants, hotels and more in as many as 210 different countries around the globe.

3. Make the Most of Your International Bank Accounts

You might choose to keep your assets in international or offshore bank accounts for tax reasons or to diversify your holdings, but you should still be able to use these liquid assets whenever you need to. A prepaid MasterCard from an offshore bank allows you to make the most of the cash stored in your international bank accounts.

4. Limit Your Liability

If your debit card gets stolen or your card number is stolen through an online hacking, all of your assets could potentially be at risk. If you are concerned about your financial liability, put measures in place to limit the risk. If a prepaid card is stolen, the most you could lose is what is already loaded onto the card.

5. Take Out Cash Whenever You Need It

Unlike some credit cards, a prepaid MasterCard lets you withdraw cash whenever you need it. As long as the ATM supports MasterCard, which most around the world do, you can quickly and easily access cash for your daily expenses or while traveling in a foreign country.

6. Set Spending Limits for Card Users

A great way to use a prepaid MasterCard is to let employees use it for business expenses. If you’re nervous about putting a credit card into the hands of a new employee, a prepaid card ensures that they can only spend the approved amount.

7. Get Support and Assistance Around the Clock

Perhaps best of all, the prepaid MasterCard from Caye International Bank includes 24/7 online assistance as well as live support over the phone. If you have any issues or questions, have them resolved and answered right away.

A prepaid MasterCard can be the safest and most convenient way to access your funds at home or overseas.

Find out more today!


About this author

Caye International Bank Limited (CIBL) was granted an Unrestricted "A" Class International Banking License on September 29th, 2003 by the Central Bank of Belize and is regulated by the Central Bank of Belize which set the standards for liquidity and capital adequacy.