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Interactive Brokers Debit MasterCard linked to Brokerage account

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Interactive Brokers Debit MasterCard linked to Brokerage account

Hi guys,

Today I received an email from IB:


Quoting 
Introducing Interactive Brokers Debit Mastercard®

Spend and borrow directly against your account(s) U****** with our new Interactive Brokers Debit Mastercard®. Use your card to make purchases and ATM withdrawals anywhere Debit Mastercard® is accepted around the world. Click here to apply today.

BY USING THIS CARD YOU AGREE WITH THE TERMS AND CONDITIONS OF THE CARDHOLDER AGREEMENT AND FEE SCHEDULE, IF ANY. This card is issued by Metropolitan Commercial Bank (Member FDIC) pursuant to a license from Mastercard International. "Metropolitan Commercial Bank" and "Metropolitan" are registered trademarks of Metropolitan Commercial Bank© 2014.

All interest and borrowing activity is through Interactive Brokers LLC. Please see your customer agreement with Interactive Brokers LLC for further details.

Card program marketed and administered by Interactive Brokers LLC, the Program Manager of the Interactive Brokers Debit Mastercard.

I think this is a very useful development in this space.

What do you guys think?

Mike

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