Are Visa Credit Cards Better Than Master Cards?
The point itself is not that important – are VISA cards better than MASTER credit cards for both of them are just payment gateways. That means when you pay through a VISA card, it is the VISA which is paying money on your behalf and when you pay through MASTER card, it is the MASTER which is paying on your behalf.
And when you repay the credit amount to the bank on the end of each month, the repaid amount goes back to the subsequent debt payer. Whether VISA is good or MASTER depends entirely upon the country where the card is being used. In a country like India, VISA is more acclaimed than the MASTER card which means it is more widely accepted than a MASTER Card.
So, when Indian Credit card companies launch a credit card, they prefer to launch a VISA card for Indian Markets. However, when it comes to Global markets, credit card companies offer MASTER cards as a better option than VISA, especially when traveling to European countries. The reason is the same as above – MASTER credit cards are more accepted in European Countries than other countries.
Major VISA credit card in India include those offered by Credit Card majors like HDFC bank, Citibank, HSBC, Standard Chartered, Bank Of Baroda, Bank of India, State Bank of India, Indian Bank…. And so on. (Visa cards come under divisions – Visa Buxx (not used in India), Visa Debt and Visa Electron.) Be it a Master card or a Visa Card – both of them offer the same facilities like balance transfer, lower interest rates, loan on credit statement, life insurance, dismounts, waivers, special privileges in restaurants, hotels and bars and so on.
The whole sole point is that – whenever you take a credit card, take the one which is widely accepted in your own country and if you are taking it for an overseas trip, then take the one which is widely accepted there to avoid any kind of hassle. So, whenever you take a credit card, be concerned about the acceptability of the card rather than the payment gateway.
Watch the video related to visa credit card
www.easy-creditcard.com http www.easy-creditcard.com
Help answer the question about visa credit card
How do i transfer funds from a visa prepaid card to a visa debit card or a visa credit card?I have a visa prepaid card issued by a bank in india. I have a debit card issued by the same bank for an account i have with them. I have a credit card, but it is issued by master card.
Can i use visa money transfer to move funds from my prepaid card to my debit card? What if i have a visa credit card, can i transfer funds to that?
March 5th, 2009 at 12:03 pm
Things to consider when deciding between the major credit card types are acceptance, terms and your credit history. Visa and MasterCard have more customers in the United States and a larger merchant network (merchants that accept their cards). American Express generally requires excellent credit to be approved, so if your credit history is limited or damaged Visa and Mastercard offer more options. It's best to visit a website where you can compare all types of cards in order to research your options (interest rates, fees, credit needed, etc). CreditCards.com is the largest and most comprehensive site of this type.
March 5th, 2009 at 12:34 pm
The Rush card is supposed to be very good but I like the Wired Plastic card. I've had one for almost10 years. I don't know what the fees on the Netspend card are but Wired Plastic charges $3.95 whenever you load funds and that's it. They have a rewards program also. You accumulate points that can be redeemed for prepaid minutes for the different cell phone companies. It doesn't mean much if you have no use for a prepaid cell phone but it's great for us, my mother's cell phone usuage is virtually free, we accumulate around 100 minutes a month and that's all she uses.
I would check into the Rush card, there is so much good being said about it. The websites for the cards are
http://www.wiredplastic.com and
http://www.rushcard.com
March 5th, 2009 at 3:23 pm
Hi,
I think if your are not ready for credit card, and the main purpose is just to use it for online buying, i think DEBIT CARD is better. With this you can buy things from internet, and use it like normal credit card. but the amount you spend will directly deduct from your account (something like nets). Thats means if you have no / not enough money in your account you can not buy / spend. you may try DBS debit card now come with free 1 or 2 years membership.
call them to get more information.
March 5th, 2009 at 12:00 pm
not bad, when did this commerical appear
March 6th, 2009 at 7:15 pm
give them more than a week, its a bank itll be longer than a week before anything is done.
dont just apply for as many as you can, becasue if you get rejected for any, that will go on your credit score so other companies will see you got rejected for cards and think hummmm maybe we wont give you one either. just wait to hear backf rom you bank, if nothing phone them up in another weeks time
p.s. i had no credit history and got rejected by my own bank who i have banked with for 18 years, so i got a card with Capital One who are awful with interest but if uyou pay it off every month your fine, that way you build up then get rid of that card!
March 7th, 2009 at 12:10 am
Keep in mind, being able to use a card is a privilege.
Each station can choose which cards to accept, and which to not accept.
Which is why, in commercials, they say "most widely accepted" card, etc. Not completely accepted, just widely.
Also, it costs to run a credit card purchase, so they're simply charging you for the cost it charges them.
Cash is easier, and doesn't cost them anything to do. So likely, they're just trying to force customers to pay by cash.
March 7th, 2009 at 5:41 am
My understanding:
Visa, best for overseas travelling
MasterCard, best in Malaysia
This is what i've found…
~Accepted by merchants at over eight million locations in over 64 countries, VISA is reportedly the most widely accepted card in the world.
the main differences are as follows: VISA is the most widely accepted form of payment, with Mastercard quickly closing the gap. American Express and Discover are still not as widely accepted by many merchants. many American Express cards require you to pay your balance in full each month. however, when it comes to disputing a charge, you will almost always have better luck with AMEX than you ever would with VISA/Mastercard. Visa and Mastercard have 16 digit account numbers.
When it comes to VISA vs Mastercard, one of the only differences you need to be concerned about are how they handle disputes and between the two, Mastercard is much stricter. Visa will look at reasonableness in making its decision, Mastercard not so much.
::Off course lah Visa sayang..tapi i ni semekin…berani swipe mastercard je.hehe…
March 7th, 2009 at 9:04 am
March 7th, 2009 at 6:13 pm
March 8th, 2009 at 10:07 am
well once you get the card and the first month go by you have credit history with the card — there is really not difference in the cards == just insure the one have no annual charge and a low interest rate!! myself i have a visa and discover!!!