Visa or Mastercard?

Question

Which is better?

Answer 1

American Express is probably the best for cardholders

Answer 2

The two leading credit card companies in the world today are the competitors Visa and MasterCard. They both operate along very similar lines. While Visa can claim to have almost a billion cards issued, MasterCard has over twenty five thousand banks issuing its cards and it is difficult to find any difference in the number of locations worldwide that accept the cards, which is now estimated at over twenty million.

In fact, as far as most consumers are concerned, there is no real difference between the two. They are both very widely accepted in over one hundred and fifty countries and it is very rare to find a location that will accept one but not the other.

However, neither Visa nor MasterCard actually issue any credit cards themselves. They are both simply methods of payment. They rely on banks in various countries to issue credit cards that utilize these payment methods. Therefore, the interest rates, rewards, annual fees, and all other charges are issued by your bank and when you pay your bill you are paying it to the bank or institution that issued your card and not Visa or MasterCard.

How Visa and MasterCard make their money is by charging the retailer for using their payment method. So the truth of the matter is that a Visa issued by say the Bank of Scotland will have very little to do with a Visa issued by other banks and may in fact by more similar to the Bank of Scotland’s MasterCard.

What this means for the vast majority of customers is that you do not have to overly concern yourself with whether a credit card is MasterCard or Visa. You would be better off concentrating on the interest and other charges on the card, the balance transfer possibilities or their reward scheme. You are very unlikely to ever be effected by the fact that it is one and not the other.

If you prefer, if you are going to have two credit cards, you may decide that you want one of them to be Visa and the other MasterCard, this means that if something drastic were to happen to one company, or if you were in the unlikely position of finding a location that accepts one but not the other, then you would have the option of paying with either.

At the end of the day however, much more depends on the bank that gave you the card, than on the type of card it is.

http://bestcreditcardratings.com/visa/

http://bestcreditcardratings.com/masterc...

Answer 3

They are both pretty much the same. They are both accepted just about anywhere.

Answer 4

visa

Answer 5

I find Visa more widely accepted.

Answer 6

Mastercard is better because you can use it anywhere in the world. I learned the hard way when i went to canada. Lol

Answer 7

Maybe in the deepest jungles of the world you might be able to use one where you cant the other. But highly unlikely

Answer 8

i don't have a credit card

Answer 9

neither. stone cold cash

Answer 10

Take whichever has the lowest interest rate. They are pretty much the same, reputation-wise. I think there are more Visas, but it doesn't matter. Flip a coin!

Answer 11

I've had both, and neither one seems to be better than the other, to be honest.

Answer 12

bija is i dwont kno vut i knoa ij thatj america exprej from cosco ij berry good becuj ju get pibe percent back that ju juse ebery month

Answer 13

Visa, i always have better times with visa