MasterCard loadable prepaid cards are network branded prepaid cards, not credit cards. Although they are sometimes marketed as “prepaid credit cards”.
No credit is offered by the card issuer and the cardholder spends money which has been prepaid to a card. Therefore, these cards are also marketed as “prepaid debit cards”. The value is not physically stored on the card instead, the card number uniquely identifies a record in a central database, where the balance is recorded.
These cards which are issued by AsTech partners are endorsed by a retail electronic payments network such as MasterCard, or Maestro and can, unlike gift cards, be used anywhere debit cards with the same logo may be used. These cards are also sometimes referred to as “open loop” cards.