The Morgan Stanley World MasterCard’s delayed debit feature combines some of the best features of a credit card and debit card – all in one. Here’s how it works:
- Any time a purchase is made, the money remains in your account, earning interest and dividends until the end of the month
- Money is then automatically debited out of the account at the end of the month, so there is never a late fee or separate bill to pay
ATM withdrawals and cash advances are debited daily, rather than on a delayed basis.
This card is issued by JPMorgan Chase pursuant to a license by MasterCard International Incorporated. MasterCard is a registered mark of MasterCard International Incorporated.
The Active Assets Account is a brokerage account with Morgan Stanley & Co. Incorporated. Where appropriate, Morgan Stanley has entered into arrangements with licensed banks to assist in offering certain services. Morgan Stanley & Co. Incorporated is a registered broker-dealer, not a bank.
