When choosing credit cards, comparing Visa vs MasterCard is an important decision as they are leading payment networks around the world. While they don’t issue credit cards, their partnership with credit card companies influences your experience and the benefits you get.
When travelling, considering these aspects becomes more critical, as the right card can make your trip more rewarding and comfortable. Here are all the similarities and differences between these two to help you make an informed decision.
Some Of The Similarities & Differences Between Master Card Vs Visa Card
Similarities
Since these facilitate payments with your card, there are a few common factors. Some of these are:
Global Acceptance
Whether you have a Visa or a MasterCard credit card, both are widely accepted across the world. As per the latest updates, 210 countries accept MasterCard credit cards, and Visa is accepted in 200 nations. While most locations overlap, you can use this factor to choose your credit card.
Zero Liability
Knowing the meaning of credit card zero liability is essential to protecting your finances in case of any fraudulent activity. With this protection, you don’t have to stress about paying for transactions that occur after a theft or loss. This facility is most useful when you are travelling in a foreign country, and both payment networks offer it.
Contactless Payments
For additional security and payment protection, both these networks allow you to make contactless payments. Visa payWave allows you to make payments with a wave, thanks to NFC. Similarly, PayPass by MasterCard enables you to make quick payments with a tap.
Differences
While both have some similarities, there are some crucial differences that you must consider to enhance your experience. Here are the key parameters to consider when comparing Visa vs MasterCard for your travel needs.
Emergency Services
Both payment networks offer several services that you can opt for in case of an unfortunate incident. Here is an overview of the facilities you can enjoy, depending on the network you choose.
Insurance and Reimbursement
In addition to emergency assistance, these payment networks protect you against many other unexpected situations. Here are some protections you can enjoy with Visa vs MasterCard:
Travel Benefits
Both payment networks also offer some exclusive travel perks that make your trip more cost-effective and rewarding. You can enjoy a luxury trip with free upgrades and complimentary benefits without paying extra money. Here are some benefits you can compare:
When comparing Visa vs MasterCard for travel or any other need, remember that the benefits also differ depending on the card you have. Both payment networks offer cards at different levels and with various benefits. For instance, MasterCard World will have more benefits than Standard. Similarly, Visa Infinite will offer more benefits than Visa Classic.
Above all this, choosing the right issuer is more important. The benefits offered by these payment networks are in addition to the ones offered by the issuer. Selecting the right credit card company will help you maximise the advantages.
One option you can rely on for travel needs is the One Credit Card, which has a lucrative reward program. You can get up to 5X rewards on spending on two spending categories. These points don’t expire, and you can redeem them at your convenience without any extra charges.
You can enjoy discounts on travel and hotel bookings, dining discounts, complimentary meals, and a low forex markup. You can also track all your expenses and reward points and manage the limit of your card through the powerful One Credit Card app. Apply online to get this lifetime-free, sleek metal credit card.
