Visa vs Mastercard
There are minimal differences between Visa and Mastercard. Ultimately, the right card depends on the other features and perks.
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Visa and Mastercard are two of the major card processors and both are accepted almost everywhere in Australia and worldwide, so what's the difference between the two? The fees and benefits of your credit card are largely dictated by the bank but Visa and Mastercard do have some specific features that set them apart. In this guide, we've broken down factors including acceptance, contactless payment technology and extra perks to help you decide whether a Visa or Mastercard is right for you.
What's the difference between Visa and Mastercard?
Visa and Mastercard are two different companies that provide the networks required for processing card payments. Neither of them issue credit cards directly and both Visa and Mastercard are widely accepted around the world. The major difference between Visa and Mastercard can be compared across the perks offered by each company.
|Acceptance||200+ countries||200+ countries|
|Contactless payments||Visa payWave can be used to make contactless payments of up to $100 without a PIN||Mastercard tap & go can be used to make contactless payments of up to $100 without a PIN|
|Entertainment offers||Visa Offers + Perks gives cardholders access to exclusive discounts with partnered brands, pre-sale concert tickets, travel and dining deals.||Mastercard Priceless Cities offers discounts and perks on hotels, shopping, dining, entertainment and more around the world.|
|Premium cards||Visa Signature cards are linked with Visa Front Line Access for pre-sale concert tickets, a 24/7 concierge service and travel perks through the Visa Premium site.||Platinum Mastercard products are linked with Mastercard Priceless Cities, airport lounge access through Mastercard Airport Experience and other perks.|
|Security||You can contact the Visa customer support team 24/7 to report a lost or stolen card, request emergency cash or card or block your card.||If your card is lost or stolen and you require emergency cash or card replacement, you can contact Mastercard Global Services 24/7.|
|Online shopping security||Verified by Visa is a password-protected authentication system that identifies the cardholder when a Visa card is used online in a suspicious way.||Mastercard SecureCode is an additional layer of security that protects cardholders from fraudulent transactions online.|
Compare Visa and Mastercard credit cards
Although there are differences between Visa and Mastercard, you should pay more attention to how credit card rates, fees and features differ between banks when comparing credit cards. When deciding if a Visa or Mastercard is right for you, consider where you plan to use the card and the perks you want to take advantage of.
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