MINT
Encyclopedia
Mint Credit Cards is an online financial services
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...

 brand and part of the Royal Bank of Scotland Groups Retail - Direct Channels Division. The Mint credit card was introduced as a replacement for the RBS Advanta card.

Mint are known mainly as an online provider of credit card
Credit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...

s, but also offer a variety of personal finance
Personal finance
Personal finance is the application of the principles of finance to the monetary decisions of an individual or family unit. It addresses the ways in which individuals or families obtain, budget, save, and spend monetary resources over time, taking into account various financial risks and future...

 products

Mint products

Mint offers insurance
Insurance
In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the...

 for cars
Vehicle insurance
Vehicle insurance is insurance purchased for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage and/or bodily injury resulting from traffic collisions and against liability that could also arise therefrom...

 and homes
Home insurance
Home insurance, also commonly called hazard insurance or homeowner's insurance , is the type of property insurance that covers private homes...

, unsecured loans and credit cards to UK customers.

The Mint MC2 Card

In 2003 Mint introduced the Mint credit card, which by 2004 had taken a 3% share of the UK credit card market. The card was offered as two versions, a standard credit card and the MC2 card which has the bottom right-hand corner removed.

The card cannot be read by a minority of older machines, but does work in all ATM
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...

s. This was the first change to the shape of credit cards in the UK for 37 years.

Other Products

Additionally, under the banner of MINT +, Mint offers travel services and a wine club.

MINT Gift Card

In September 2006 MINT launched a pre-paid debit card. Costing an initial fee the card can be prepaid for any amount between £10 to £250. Used in a similar way as the gift vouchers offered by a number of retailers, it is not, however, tied to any one store.

No New Applications

Mint has now stopped taking new application of any kind for credit cards loans and insurance.

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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