There are so many types of credit cards available, and when it comes time to choose one, you may wonder which is better: Visa or MasterCard? They are both accepted almost everywhere, and it’s hard to find a merchant that will accept one but not the other. So how are they different? Here is how the two stack up against each other.
Visa or Mastercard: Company Comparison
In terms of size, Visa’s company size is $64 billion. They have issued 270.1 million credit cards and 382 million debit cards. MasterCard has a company size of $32 billion They have issued 203 million credit cards and 125 million debit cards. In terms of size, Visa wins.
Acceptance of Visa and Mastercard
In terms of card acceptance (where you can use the card), Visa is accepted by 30 million merchants in 170 countries. MasterCard is at 28 million merchants in 210 countries. So while Visa is accepted by more merchants, MasterCard has a further global reach, which would make it a tie for this round.
In terms of who has better credit cards, it depends on the issuing bank. Visa and MasterCard don’t issue the cards; they are considered the payment network that processes the transactions. It is up to the issuing bank to determine interest rates, annual fees, cash rewards, airline miles and other benefits. Which card is better depends on what types of rewards and interest rate you are looking for. It’s purely subjective.
Reward Comparison for Visa and Mastercard
Because neither Visa nor MasterCard control the fees or reward structure of their cards, it doesn’t matter which one you choose. It is very unlikely that you will ever be affected by having a Visa instead of a MasterCard, or vice versa. Some people choose to have both Visa and Mastercard credit cards, just so they can feel protected in case something were to ever happen to one company. The overall statement is that there really is no better type of card, just better rewards. So it’s in your best interest to focus on what the issuing bank will offer you instead of focusing on the logo on your credit card.
Do you prefer Visa or Mastercard?