Visa vs Mastercard: What’s the difference and which is better?
We compare worldwide access, card security and other perks to help you decide which one is right for you.
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 offer specific features that set them apart. In this guide, we've broken down factors including acceptance, contactless payment technology, number of cards in circulation 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 offer the networks required for processing card payments. Neither of these companies 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.
To help break down the similarities and features, you can compare some of the features you can expect from a Visa or Mastercard credit card below.
|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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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.