Our 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 Smith Barney LLC. Where appropriate, Morgan Stanley Smith Barney has entered into arrangements with licensed banks to assist in offering certain services. Morgan Stanley Smith Barney LLC is a registered broker-dealer, not a bank.
