The Titanium+® Prepaid Mastercard®

The Titanium+® Prepaid Mastercard®: interest rates, available limits, cashback and bonuses. Full conditions for obtaining a credit card online. The procedure for registration and receipt online or at a bank branch. Features.


About Credit Card

The Titanium+® Prepaid Mastercard® is a reloadable card issued by Money Mart. Once you have loaded funds to this card, you can shop with it at any merchant that accepts Mastercard. Unlike credit cards, The Titanium+® Prepaid Mastercard® doesn’t involve interest charges.

Features

  • Prepaid Convenience. The Titanium+ Prepaid Mastercard offers the convenience of a credit card without the interest charges and credit checks. It's easy to obtain and use.
  • Widely Accepted. You can use the card anywhere Mastercard is accepted, providing you with a wide range of use cases from in-store purchases to online shopping.
  • Tap & Go®. The card features Mastercard contactless technology, allowing for quick and secure payments with just a tap.
  • Security. Enhanced security with Chip & PIN technology to protect your transactions.
  • Reloadable. You can register your card and add funds from your account, making it easy to manage your spending.

Pros and Cons

Pros

  1. No Credit Check Required. Since it's a prepaid card, there's no need for a credit check, making it accessible to a wider range of users, including those with limited or poor credit history.
  2. Controlled Spending. You can only spend what you load onto the card, helping to manage budgets and avoid debt accumulation.
  3. Widely Accepted. Use the card anywhere Mastercard is accepted, including online, in-store, and for phone purchases, offering significant flexibility.
  4. Enhanced Security. Features Chip & PIN technology and Mastercard's Zero Liability Policy, providing a high level of security against unauthorized transactions.
  5. Tap & Go® Convenience. Offers the convenience of contactless payments for quick and secure transactions.
  6. Reloadable. Ability to reload the card with funds, allowing for continued use without the need to apply for a new card.

Cons

  1. Fees. Prepaid cards often come with various fees, such as loading fees, monthly maintenance fees, ATM withdrawal fees, etc., which can add up over time.
  2. No Credit Building. Using a prepaid card does not help build or improve your credit score, as activity is not reported to credit bureaus.
  3. Limited Features. May lack additional benefits that come with standard credit cards, such as rewards points, cash back, or insurance coverage.
  4. Inconvenience of Reloading. Depending on the method, reloading the card with funds can sometimes be inconvenient and may incur additional fees.
  5. Balance Limitations. Prepaid cards typically have maximum balance limits, which could be restrictive for some users.
  6. Not Ideal for Emergencies. Since the card can only be used up to the loaded amount, it might not be suitable for unexpected expenses or emergencies.

How to apply for a Titanium+® Prepaid Mastercard®

Visit any Money Mart store to apply for a Titanium+® Prepaid Mastercard®. Getting the Titanium+® Prepaid Mastercard® doesn’t involve an application process as such, and there is no credit check either. You can buy your Titanium+ Card at Money Mart® or Insta ChequesMD locations near you.

To become a Titanium+® Prepaid Mastercard® cardholder, you must be a Canadian resident at the age of majority in your province. When going for a card, be ready to provide your valid address and two pieces of ID — one government-issued ID and one photo ID.

FAQ

How to activate my Titanium+® Prepaid Mastercard®?

How do I check my Titanium+® Prepaid Mastercard® account balance?

Can I assign additional cardholders to my Titanium+® Prepaid Mastercard®?

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Olga R
Author of articles
Olga R
30.11.2022
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Last update 11.02.2024