What do I need to know about visa cards? - Other Questions


Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » User Questions » Other » What do I need to know about visa cards?

What do I need to know about visa cards?

Answered on | Updated on December 28th, 2010
The content is accurate at the time of publication and is subject to change.

The concept of a Visa is not a new one. When ever you visit a different country you will see that the need for a visa is always there, especially if you are looking forward to buying things on credit. Visa and master cards have long been the payment processing industry`s entrenched power. If you are talking about the credit card then you can certainly vouch for the master card and the visa as they are the front line cards that have the benefit to impress people with the kind of facility that they provide.

The proper usage of the credit cards

A credit card has many facilities as it allows you to shop and travel with no cash at all. If you have either card then you can certainly make all the right moves in the shopping mall or when on vacation. Visa cards have made successful inroads to more than 150 countries and to millions of users. This is a huge market that Visa Credit Company caters to, and so far it has successfully lived up to the expectation of the people.

Comparison with the other leading credit card companies

If we go into a comparative analysis of the two of the greatest credit card companies, i.e. master card and visa, then we will see that they both don`t have much of a difference when it comes to the way they function. In most of the countries, you will see that stores and malls and other financial places accept both as the mode of payments. It is a rare situation where one is present, usually both are present and both have a significant number of users.

The money that is earned through the retailers and the rates of payment for the clients is fixed by the respective banks

The money that they earn is through the retailers but the rate of interest that you have to pay at the end of each year for the credit card use is actually fixed by the banks and other financial institutes through which these companies function. So if you are paying a lot of interest at the end of a year then you have a reason to change the bank as they are the ones who fix the rate of interest.

This is a quick and safe process of transaction, but you must remember to clear the debt in time to maintain a clean credit history.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
The Citi Rewards+SM Card - the only credit card that automatically rounds up to the nearest 10 points on every purchase - with no cap.
Excellent, Good Credit
Earn cash back twice. Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases.
Excellent, Good Credit
Perfect credit not required for approval; we may approve you when others won’t
Fair/Bad Credit

Other Questions in

You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!