subject: The Several Advantages Of Co-branded Debit Cards: [print this page] Co-branded debit card programs essentially involve collaboration between a company, an esteemed credit card provider such as Visa and MasterCard and a bank. Due to its multiple advantages, co-branded card programs have gained immense popularity in the business arena.
Companies can print their name and logo on these cards. This automatically helps them to market their business free of cost. Co-branded debit cards are the best option for businesses to attract new customers and solidify the relationship between the existing customers.
This facility helps in raising brand recall value among customers and strengthens customer loyalty towards the brand. Co-branded card programs help businesses determine the spending habits of their customers, which in turn helps them to devise better strategies.
Co-branded cards function with esteemed credit cards such as MasterCard and Visa, which have a worldwide acceptance. This helps the businesses to increase their customer base in the International market.
Through co-branded cards, businesses can provide many attractive discounts and schemes to their customers. This can help them fortify their relationship with their customers and enhance business prospects significantly.
In addition, customers can also heavily benefit from the use of co-branded cards Co-branded debit cards are issued at cheap price and in quick then the traditional debit cards. This feature of co-branded cards has made them extremely popular among customers.
Card-holders can also pay their shopping and other utility bills through co-branded cards. Since co-branded cards function in the same manner as prepaid cards, customers can use these cards to pay bills when they run out of cash.
Thus, prepaid card programs or generic card programs are beneficial for business as well as customers. Many businesses in Africa, Asia, Europe and Middle East have tremendously benefited from co-branded debit card programs.
