As more and more people apply for credit cards, people are becoming more familiar with some types of credit cards. MasterCard and Visa are two of them. Let’s take a look at what is the difference between MasterCard and Visa.
The difference between MasterCard and Visa
1. Card number
Bank cards starting with "4" belong to the VISA card organization, while cards starting with "5" The ones belong to MasterCard.
Generally, more people use VISA credit cards in the United States, while more people use MasterCard credit cards in Europe. VISA is more popular in the United States and Asian countries, while Mastercard has a greater influence in Europe.
2. Business scope
Both business scales cover many countries and regions around the world. However, in comparison, ATM machines that support MasterCard cash withdrawals around the world There are more ATM machines that support VISA credit card withdrawals.
3. Charging standards
The charging standards of MasterCard and VISA cards are also different. For example, the fee for overseas card replacement is US$175 for VISA card and US$175 for MasterCard. $148 a piece.
MasterCard and Visa Advantages and Disadvantages
Visa Card Advantages and Disadvantages:
Visa cards can be accepted at more than 29 million merchant transaction points around the world. And you can withdraw cash at 1.8 million ATMs, providing unlimited convenience. There are more than 1.85 billion visa cards in circulation around the world, which is enough to prove that visa is the most popular payment brand.
Advantages and disadvantages of MasterCard:
MasterCard is also the first international organization to implement global networking business in China, creating a large amount of foreign exchange income for the country and providing benefits to member banks and the general public. Merchants create various business opportunities and huge profits.
There are big differences between Mastercard and visa, and each has its own benefits. If you want to choose one of these two credit cards, it is recommended to choose according to your own needs. However, both of these credit cards are only suitable for use when spending abroad, and there is no need to apply for them at home.