What are Visa cards and are they better than MasterCard credit and debit cards?
Visa and MasterCard credit cards are accepted all over the world. The companies themselves are actually payment systems, not credit cards, but their availability can be a factor in deciding which credit card you apply for.
What is a Visa credit card?
Visa credit cards are credit cards where the payments are handled by Visa Incorporated.
Visa were the first company to provide credit card payments in the 1960s when they were founded by Bank of America, but they didn’t split into an independent company named Visa until the 1970s.
Visa handle credit and debit card transactions, this means moving money between banks (who provide credit and debit facilities) and merchants (who sell goods and services).
Our tables can help you compare credit cards from both Visa and MasterCard. That way, you can find the best card to suit your needs.
Visa or MasterCard?
What’s the difference between a MasterCard and a Visa credit card? Not much. Visa and MasterCard are both payment systems, not credit cards in themselves.
There are no significant differences between them. MasterCard and Visa are the names of the global companies who manage credit cards. They can both be used around the world.
Travelling with a MasterCard or Visa card
If you’re thinking of travelling, check which type of card is more prevalent in the countries you’ll visit.
MasterCard and Visa credit cards are both internationally recognised, and accepted worldwide.
When choosing a card for overseas travel you want to think more about the overseas usage fees you will be charged by your card issuer than whether payment is provided by MasterCard or Visa.
About Visa credit cards
At the time of writing Visa credit cards are accepted in more than 29 million merchant locations and Visa cardholders have access to more than 1.2 million ATMs worldwide. Visa also sponsors the Olympics and Paralympics.
Verified by Visa
Visa introduced ‘the Verified by Visa’ scheme to tackle fraud when giving your details on the internet.
This service protects your Visa card details with a password, to provide an additional layer of security.
Choosing the right credit card
Whether you’d prefer a Visa card or MasterCard, you will need to shop around to decide which card is the best for you.
Interest rates vary significantly between cards, so it’s worth making sure you’re getting a good deal before you sign up.
- Mastercard Credit Cards Along with Visa, MasterCard is the most widely spread payment systems
- Prepaid Credit Cards Credit cards that are prepaid allow you to top up to a certain limit that you can’t exceed
- Store Cards Store cards are a form of credit with extras offered when spending in a particular shop