1. Geographically speaking, UnionPay is a card organization in China, and VISA and MasterCard are both card organizations in the United States. At present, domestic bank cards belong to different bank card organizations according to different prefix numbers. The bank card with prefix "4" belongs to VISA organization, the bank card with prefix "5" belongs to MasterCard, the bank cards with prefixes "62", "60" and "9" belong to China UnionPay, and the UnionPay cards with prefixes "62" and "60" are standard UnionPay cards that meet international standards and can be used abroad.
2. From the use point of view, UnionPay is the best choice if it is only consumed in China, but if it is often needed to be consumed abroad, VISA or MasterCard is essential. In recent years, in order to meet the needs of users, major banks have launched dual-currency cards, namely UnionPay +VISA or UnionPay+MasterCard, allowing users to take the UnionPay channel when spending at home and the VISA or MasterCard channel when spending abroad.
3. UnionPay is a brand in China, the main market is in China, VISA and MasterCard are foreign brands, and the main market is overseas; UnionPay operates RMB clearing for bank cards, and VISA and MasterCard operate foreign card clearing; UnionPay is greatly influenced by the government, and both VISA and MasterCard are multinational public companies.
Extended data
In fact, every credit card issuer has its own advantages. VISA and MasterCard are both card issuers with a long history and have great influence all over the world. Among them, VISA is more popular in the United States and Asian countries, while MasterCard is more influential in Europe. So if you go to Europe, a credit card with MasterCard logo may be more convenient, while in the United States, you can use a VISA credit card. Friends can choose according to their frequent overseas countries.
When spending abroad, if you go to a non-US dollar area, you can try your best to use local currency for settlement, and then convert RMB into local currency for repayment after returning home. If the settlement is made in US dollars, you need to charge a dual-currency exchange fee for local currency against US dollars and RMB against US dollars. At the same time, if you can use the UnionPay channel for consumption, try to choose the UnionPay channel, which can save a lot of money conversion fees.
Baidu Encyclopedia-China UnionPay Card
Baidu encyclopedia-MasterCard
Baidu encyclopedia -visa card