Different Credit Card Provider

Visa and Master Card are the two leading credit card companies in the world. These both companies are operating in similar way. Visa has issued 1.6 million cards and the MasterCard has nearly 18 million payments per year. Mostly both the cards are accepted in worldwide and it is very difficult to difference the location, now the estimated locations are 30 million in the world wide.

There is no real difference between these two and it’s very hard to choose the locations where one card is accepted and not another one. These two cards are accepted in more than two hundred countries.

Actually Visa or MasterCard are not issues credit cards. These are the methods of payments. They are collaborating with banks in various countries and the banks where the consumers are holding their account issue these cards in this payment method. RBI provides IFSC code for all banks and also that are printed on cheque book. The interest rate, annual fees, rewards and others charges issued by your bank and when you are paying bill, you are paying it through bank issued card, not through Visa or MasterCard.

Visa and MasterCard are earning by charging the retailer using payment methods. Visa will charge very little for that Visa issued by one Bank to Visa issued by another Bank. The Foreign currency conversion fee will differ from Visa and MasterCard for the banks. Visa and MasterCard offer some exclusive offers for the Platinum Card holder.

There are two more credit card provider are Diners Club and American Express. Next to visa and master card, American Express has issued over 86 million credit cards globally. In other hand Diners Club are providing credit cards for the core business of charge card. Charge card is similar to the credit cards but the dollar amount charged must be repaid each month.

Which Credit Card provider is best?

Among these MasterCard and Visa we cannot come to conclusion that which one is best. You have to concentrate on the interest rate, balance transfer possibilities and other charges applied on the card. Some of the consumers are holding both visa and MasterCard in order to get exclusive offers from those cards