Revealed! Why MasterCard U may not be suitable for you?
Have you ever heard of MasterCard U card, and then a bunch of questions came to your mind? For example, why can't I transfer or receive money? Why is there no credit limit in it? Some people also asked, can I swipe the card without paying it back? Haha, don't worry, I will answer you today, let's see if this card is suitable for you!
First of all, this MasterCard U card is neither a credit card nor a savings card, but a prepaid card. What is a prepaid card? It's like the kind of card you apply for in supermarkets and shopping malls that you charge money before spending. In foreign countries, there are two types of credit cards, one is to consume first and then pay, which is similar to our domestic ones; the other is a prepaid card that you charge first and then spend, and this MasterCard U card belongs to the latter.
Then why can't I transfer and deposit money? In fact, this card is foreign, just like you can't deposit money in our domestic bank with an American card. The reason why you can't transfer money is because it contains virtual currency. You can transfer these currencies to your wallet or exchange, just like the USDT in your wallet cannot be directly transferred to your bank card.
The core function of this card is to deposit and withdraw money, and bind third-party consumption. You can use it as a credit card that can store money. When you withdraw money or spend money, it will automatically convert US dollars into RMB.
Of course, this card is not suitable for everyone. You have to have the need to cash out to use it, and you have to accept its advantages and disadvantages. The advantage is that you don't have to worry about receiving black money and freezing your card during the cashing process, and the disadvantage is that you have to pay a handling fee. So, if you have a stable USDT cashing demand in the currency circle, then this card is very suitable for you! But if you just want to move bricks or do contract explosion, then this card is useless for you!
If you want to know more about MasterCard, you can leave a message in the comment area, or you can see my top guide!
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