Visa vs Mastercard - How to choose a credit card | Finder

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.

FeatureVisaMastercard
Acceptance200+ countries200+ countries
Contactless paymentsVisa payWave can be used to make contactless payments of up to $100 without a PINMastercard tap & go can be used to make contactless payments of up to $100 without a PIN
Entertainment offersVisa 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 cardsVisa 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.
SecurityYou 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 securityVerified 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

Data updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 36 months
$29 annual fee for the first year ($129 p.a. thereafter)
Save money with a 0% balance transfer rate for 36 months (with no BT fee), a first-year annual fee discount and free travel insurance.
ANZ Low Rate
12.49% p.a.
0% p.a. for 20 months
$0 annual fee for the first year ($58 p.a. thereafter)
Save with 0% p.a. on balance transfers for 20 months (with no BT fee) and $0 first-year annual fee. Plus a 12.49% p.a. purchase interest rate.
Virgin Money No Annual Fee Credit Card
0% p.a. for 12 months, reverts to 18.99% p.a.
0% p.a. for 12 months
$0
Save with an ongoing $0 annual fee and 0% p.a. on balance transfers and purchases for 12 months.
Latitude Gem Visa
24.99% p.a.
$99
Enjoy 0% p.a. interest on purchases over $250 for 6 months, optional shopper's protection insurance and the convenience of Samsung Pay.
St.George Vertigo Classic
13.99% p.a.
0% p.a. for 28 months
$55
Enjoy a 0% interest rate on balance transfers for 28 months, with no balance transfer fee.
ANZ Frequent Flyer Black
20.24% p.a.
20.24% p.a.
$425
Collect 120,000 bonus Qantas Points and $200 back when you spend $3,000 in the first 3 months. Plus, complimentary lounge passes.
ANZ Platinum Credit Card
0% p.a. for 17 months, reverts to 20.24% p.a.
20.24% p.a.
$0 annual fee for the first year ($87 p.a. thereafter)
Receive a 0% purchase rate offer for 17 months and a $0 first-year annual fee. Plus, complimentary overseas travel and medical insurance.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 26 months
$64 annual fee for the first year ($129 p.a. thereafter)
Get 0% p.a. for 26 months on balance transfers and a reduced first-year annual fee. Plus, $129 Virgin Australia Gift Voucher per year.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 annual fee for the first year ($395 p.a. thereafter)
Up to 110,000 bonus Qantas Points (90,000 when you spend $3,000 in the first 60 days and 20k after 12 months)
NAB Low Rate Credit Card
12.99% p.a.
0% p.a. for 20 months with 2% balance transfer fee
$59
Get a 0% p.a. interest rate for 20 months on balance transfers, Visa Offers + Perks and a competitive $59 ongoing annual fee.
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Data updated regularly
Name Product Purchase rate Balance transfer rate Annual fee
Citi Rewards Card - Balance Transfer Offer
21.49% p.a.
0% p.a. for 30 months
$49 annual fee for the first year ($149 p.a. thereafter)
Save on interest with 0% p.a. on balance transfers for 30 months with no balance transfer fee. Plus, a $49 first-year annual fee.
Qantas Premier Platinum
19.99% p.a.
0% p.a. for 18 months with 1% balance transfer fee
$199 annual fee for the first year ($299 p.a. thereafter)
Get 100,000 bonus Qantas Points when you spend at least $4,000 within the first 3 months. Plus a discounted $199 first-year annual fee.
Coles No Annual Fee Mastercard - Exclusive Offer
0% p.a. for 12 months, reverts to 19.99% p.a.
0% p.a. for 12 months
$0
Finder Exclusive
Earn 10,000 bonus Flybuys points and save on interest charges with 0% p.a. on balance transfers and purchases for 12 months.
Bankwest Zero Platinum Mastercard
17.99% p.a.
2.99% p.a. for 9 months
$0
Offers a $0 annual fee, 0% foreign transaction fees, complimentary international travel insurance and a balance transfer offer.
Citi Clear Card
14.99% p.a.
0% p.a. for 15 months
$49 annual fee for the first year ($99 p.a. thereafter)
Get $250 cashback when you spend $3,000 within the first 90 days. Plus, a 0% balance transfer offer and first-year annual fee discount.
Bankwest Breeze Classic Mastercard
10.99% p.a.
0% p.a. for 26 months with 2% balance transfer fee
$0 annual fee for the first year ($49 p.a. thereafter)
Save with 0% p.a. on balance transfers for 26 months (with a 2% BT fee) and $0 first-year annual fee. Plus, a 10.99% p.a. purchase interest rate.
Westpac Low Rate Card
13.74% p.a.
0% p.a. for 28 months with 1% balance transfer fee
$0 annual fee for the first year ($59 p.a. thereafter)
Save with a $0 annual fee for the first year, plus, a 0% interest rate on balance transfers for 28 months.
Coles Low Rate Mastercard
12.99% p.a.
0% p.a. for 15 months
$58
Enjoy a 0% interest on balance transfers for 15 months, with no BT fee. Plus, earn Flybuys points as you spend.
Coles Rewards Mastercard
19.99% p.a.
0% p.a. for 18 months with 1.5% balance transfer fee
$0 annual fee for the first year ($99 p.a. thereafter)
Enjoy 20,000 bonus Flybuys points, a $0 first-year annual fee and 0% p.a. on balance transfers for 18 months (1.5% fee applies).
Bendigo Bank Low Rate Credit Card
11.99% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$45
Save with 0% p.a. on balance transfers for 24 months (with a 2% BT fee). Plus a 11.99% p.a. purchase interest rate.
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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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2 Responses

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    YauSeptember 18, 2012

    What is the difference between visa card and master card?

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