There are several factors to consider when choosing a credit card to make sure it's the right card for you.
These charges will determine the costs you pay on your card over time. The Annual Percentage Rate (APR — a measure defined in law) is the yearly percentage rate that you pay on an outstanding balance in the form of interest and charges. Interest is charged as a percentage of your outstanding balance (purchases and charges on your card reduced by payments or credits made) on a monthly basis.
Rewards programs can enhance the value of credit cards. A rewards program is typically based on accumulating points based on the purchases or transactions you make on your card. These points can be redeemed for incentives, including various products and services, airline travel, holidays and more.
Some card issuers charge an annual fee, which can help offset costs that issuers incur in maintaining accounts. These amounts vary, so please check the specific requirements with your card issuer.
An important factor to consider when choosing a card is where you can use it. MasterCard® is accepted in more than 33 million locations worldwide. In fact, no card is accepted in more places and by more merchants. MasterCard also comes with MasterCard Emergency Services so wherever you go, anywhere in the world, we're there to help with any card-related emergencies. One simple call puts you in touch with a representative 24 hours a day, 365 days a year. Find out more.
How to apply for a card
MasterCard International does not issue cards directly, but through financial institutions. Please refer to our Find a Card section for more details. Every financial institution has different policies and processes but, to apply for a credit card, you will need to be at least 18 years of age and earning an income* You may not need to have an account with the financial institution to apply for a card with them.
When processing your application, the financial institution may ask for your:
- banking details
- employment details
- driver's licence number
- details of other cards you may hold
- whether you're buying or renting your home
* Credit card eligibility requirements are all subject to the terms and conditions of the participating financial institutions. Please check the specific requirements with your card issuer.