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Both Mastercard and Visa cards are widely accepted around the world and are present in over 200 countries and territories, making the difference in acceptance largely negligible.

Therefore, the choice between Visa and Mastercard depends mainly on the specific benefits and rewards of the card, which are set by the issuing bank and not the payment network itself.

It's usually beneficial to have multiple credit cards, which could include both a Visa and a Mastercard. While the issuing bank determines major card features like interest rates and rewards, Visa and Mastercard provide their own network-level benefits that differ by card tier.

The main Visa credit card tiers are Visa Traditional, Visa Signature, and Visa Infinite. Mastercard offers four card tiers, including Standard, World, World Elite, and the newly launched World Legend. Each tier provides different levels of perks and services, with lower tiers offering basic features and higher tiers providing more premium benefits like travel insurance, concierge services, and exclusive rewards. The specific benefits and eligibility for each tier can vary by the card's issuer, but higher tiers are generally reserved for those with good to excellent credit histories.

You might choose different cards for different spending, one for daily purchases and another for travel or a specific rewards program. Compare the issuer's unique benefits and perks that may include rewards programs, welcome offers, travel insurance, purchase protection and more to determine which card is best for you.

tags : Credit Cards Visa Mastercard

Disclaimer: This editorial content is not provided or commissioned by the banks or credit card issuer(s). Opinions expressed here are the author's alone, not those of the banks or credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the banks or credit card issuer(s). Reasonable efforts are made to present accurate info, however all info is presented without warranty. Consult with the issuing bank of the card or account for terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are accurate as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.