MasterCard and Visa are different in many aspects, and the following are their comparisons in several key areas:

In appearance, Visa card starts with "4", and the logo usually only has the word "VISA"; Mastercard, on the other hand, carries the red and yellow double-linked earth logo with the word "MasterCard" and starts with the word "5".

Visa is widely accepted in North America, Australia and Asia-Pacific. Although the coverage of Visa in China is slightly larger than that of MasterCard, there is little difference between them in most places. In contrast, MasterCard is more common in Europe and North America, and it is also basically used abroad.

in terms of clearing methods, both of them go through the international clearing system, and foreign currency transactions involve currency conversion, which will add 1%-2% fees. Visa and MasterCard handle it in a similar way, and need to convert the local currency into US dollars or the equivalent US dollars of the local currency first, while UnionPay cards directly convert the exchange rate to avoid extra handling fees.

in terms of fees, the handling fee for each transaction between Visa and MasterCard is 2-3%, and after the card is lost, the replacement fee for Visa is $175 and MasterCard is $148. However, certain credit cards of some banks may contain free services.

generally speaking, choosing Visa or MasterCard mainly depends on your consumption habits and travel destination. If you are often active in Asia and Australia, Visa may be more convenient; In Europe and North America, MasterCard may be a better choice. UnionPay cards are highly accepted at home and abroad, but it is usually more cost-effective to use local currency or UnionPay cards in non-US dollar areas without currency conversion fees and handling fees.