Revealed! MasterCard U card withdrawal, how does the bank track the identity of the person withdrawing the money?
Do you know? When you use an overseas card to withdraw cash at a bank's ATM, the bank actually doesn't know who the owner of the card is! Why? Because this overseas U card is like a gift card. You have to recharge it before you can use it. If you don't have money, you can't use it as a credit card. Moreover, it can neither transfer money nor manage money, which is very different from the debit card we usually use. The most important thing is that the information of this U card is all overseas, and the domestic banking system cannot find out who, what is the name, and where to withdraw the money!
There are many types of U cards on the market now, and it really takes some thought to choose which one is good. Let me share with you some reliable tips for choosing a card!
First of all, you have to see whether the platform is reliable and how long it has been in business. Don't let the platform go bankrupt as soon as the money is recharged, otherwise it will be a big loss. Therefore, when choosing a card, you must see whether the platform has a vasp virtual currency exchange license, so that it is compliant. Furthermore, platforms that have been in operation for a long time are generally more stable and trustworthy.
Secondly, the rate and credit limit are also very important. Choose a card with a low rate and a high credit limit, it is cost-effective to use it!
Finally, it depends on why you apply for this U card. Some are for withdrawals, some are for consumption, and some are for membership of foreign apps. We have to apply for it on demand, don't follow the trend, the one that suits you is the best. I have specially compiled a comparison table of the rate, credit limit and function of the U card, you can refer to it and pick the one that suits you best!
If you are interested in MasterCard, you can leave a message in the comment area or look at my top guide!