Visa vs Mastercard
We compared the features side-by-side and it turns out Visa and Mastercard credit cards are pretty similar. Here's how to choose between them.
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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. We've broken down things like acceptance, contactless payment technology and extra perks to help you decide whether a Visa or a 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 $200 without a PIN||Mastercard tap & go can be used to make contactless payments of up to $200 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.|
Visa Entertainment and Mastercard Priceless Cities perks
With Visa Entertainment and Mastercard Priceless Cities, you can access everything from exclusive presale tickets for upcoming concerts to VIP retail sales, travel promotions and dining perks.
Visa Entertainment is an offshoot of Visa Offers + Perks and is designed to cater specifically for your entertainment needs.
Mastercard Priceless Cities is a similar program designed to provide a range of benefits for cardholders. Both programs partner with major brands and companies to offer ticket specials, travel promotions, unique experiences and exclusive offers across a range of lifestyle categories including shopping, wining and dining. By visiting the relevant Visa Offers + Perks or Mastercard Priceless Cities websites, you can take advantage of exclusive offers that come with your card.
Visa Entertainment partners include Ticketek, Event Cinemas, Village Cinemas and The Walt Disney Company. Some of the offers you can take advantage of with a Visa card include:
- Exclusive pre-sale ticket offers. With Visa Entertainment, you can book concert and theatre tickets before their general release to the public.
- Exclusive events. Access special events like movie previews exclusive to Visa Entertainment members.
- Discounted prices. Get tickets for cheaper with Visa's dollars-off offers or percentage discounts, e.g. $10 off or 50% discount.
- Last minute offers. Visa Entertainment sometimes puts out last minute deals for concerts and events at short notice.
- Product offers. There are periodic promotions on movies, books, CDs and home entertainment products.
- Competitions. Enter competitions to win freebies such as new-release DVDs or ticket passes. It can be as easy as answering a question to enter the draw.
You can also visit the Pay with Visa website to find more Visa travel, shopping and dining perks if you have a Visa card.
Mastercard Priceless Cities
Mastercard's Priceless Cities program provides unique offers for a range of locations around the world, including Sydney, New York, London, Tokyo, Singapore and Bangkok. Mastercard Priceless Cities separates its promotions into four key categories:
- Dining deals. These offers include exclusive tours and dining experiences at award-winning restaurants, opportunities to meet world famous chefs, priority seating and complimentary glasses of wine.
- Entertainment offers. Enjoy exclusive premium ticket pricing for stage productions, savings on local and international attractions, and other random delights like golf trips, yachting adventures or mixology classes – whatever tickles your fancy.
- Shop and save. Attend private champagne receptions at boutiques and enjoy discounts off your purchases at VIP sales, or have your own personal stylist take you on a shopping tour for the day with these offers.
- Travel in style. Receive complimentary room upgrades and enjoy club level access with free buffet breakfasts, afternoon tea and canapes, or get a special price on spa packages or luxury retreat packages involving romantic private dinners and sunset experiences.
Compare Visa vs Mastercard credit cards
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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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