Differences between Visa and MasterCard card
Table of Contents
To begin with, VISA (Visa International Service Association) is a multinational financial services company, which originated in the USA.
Like Mastercard, both allow all types of bank transfers throughout the world. Both with credit cards, debit cards, prepaid cards, and Gift cards. The main advantage of choosing Visa is that it captures most of the market. Their commissions abroad are usually lower.
You are more likely to find a bank that does not charge a commission when you make a currency exchange. And, it also offers many benefits in travel, restaurants and all kinds of businesses.
All cards associated with Mastercard offer you a series of advantages when you use them for your purchases. However, these may change depending on the bank that issues the card and the type of card you have.
Here are the most striking advantages of Mastercard:1.Thanks to its Price Protection, if you have bought a product with Mastercard, and then you see it cheaper, while you are within the period of 60 days, the difference will be refunded.
In addition, you can also count on:
Protection in your purchase
Assistance and Personal Protection
Travel Assistance and Protection
MasterCard offers its clients all kinds of exclusive discounts and tickets to shows.
Points to mark:
1.Neither of the two entities issues credits or cards of any kind. Both are in charge of offering a service to the bank that issues the card.2.Processing all economic transactions that are carried out with credit cards, debit cards, or Prepaid cards of customers.
6.Both manage the payment between the card issuer and the business where we buy.
Both VISA and MasterCard are very powerful platforms that span the entire world. Depending on the country you are traveling to, you will have more possibilities with one card or another. We recommend that, before traveling, observe in your destination country which of the two entities has the greater scope. Even so, the one who completely outperforms this competition is VISA. You'll see why we tell you:
Visa leads the way because it is accepted by more than 30 million merchants around the world. And it has more than 2 million ATMs.
Instead, MasterCard is accepted in 20 million businesses and works with more than 1 million ATMs around the world. Beyond these differences, you will never run out of possibilities to make your transactions with VISA or MasterCard.
For this reason, we recommend that you place greater emphasis on more practical issues when choosing the card you will use to travel:1.Look for the lowest annual maintenance cost
Finally, we recommend that before traveling you see the advantages of doing it with Visa or MasterCard. Most of the banks work with both, so you will have to see discounts, commissions, issuance fees, maintenance, the interest rate that card issuers offer you.