Visa or MasterCard, is there really a difference?
 

I have yet to go to a place that only accepted one of these two card so I wonder what's the point of carry these two cards when only one would do! And what one offer that the other doesn't?

good question
got both though

You are correct most places all over the world take both. But you may find some Mastercards will give you a better interest rate than Visa. And its always good to have back up just in case ?

True.
The interest rate on my MasterCard is about 8% vs 15% for Visa.

You guys realize that they are both owned by the same company right?

coke > pepsi

They enforce a monopoly. You can't get one without the other.

Here in Japan (in my experience in Okinawa) most stores accept 1 of the cards (and half the time they don't accept either, it's still a cash based society), not both. And more ATMs will accept Mastercard

What do you mean?
Each bank only issue one of the two cards.

Are they really owned by the same company?

Well you said "I have yet to go to a place that only accepted one of these two card "

Because the same Parent Company owns them, i forget the stats but i think 75% of people have a visa and 25% have mastercard, and the more popular banks offer Visa.

I have a visa and mastercard but there is no real difference

There you go.

Most peeps dont know this.

It is also called a MONOPOLY

:flagface

PS. Which is why I love my AMEX and use that whenever I can.

Administrative Info:
Mastercard International
Internet Development
2200 MasterCard Blvd.
O'Fallon, MO 63366
US
Phone: +1.6367226100

Administrative Contact:
Visa International Service Association
Internet Domain Administrator
P.O. Box 8999, MS: M1-12A .
San Francisco, CA 94128
US
Phone: 001-650-4325795

Administrative Contact:
Pepsi Co, Inc
PBSG Net IP Services
5600 Headquarters .
Plano, TX 75024
US
Phone: 000-000-0000000

Administrative Contact:
Administrator, Domain
One Coca-Cola Plaza
Atlanta, GA 30313
US
404 676 8774 fax: 404 598 8774

Yep...All the same :glugglug

MONO=ONE

DUO=TWO

Visa and MasterCard are a DUOpoly but certainly not a monopoly :upsidedow

LOL - hey, whats the REAL difference? :winkwink:

Yep, they both are credit cards.

Pepsi and Coke are also both colas.

Ford and General Motors are both in the car business.

Creative Labs and Apple offer MP3 players.

But what's the real difference?

It's probably an Oligopoly we're talking about :thumbsup

Wikipedia: Oligopoly

You are basing your argument that I'm wrong on Whois Info?

you gotta be kidding... :1orglaugh

The difference is marketing. Do you click this banner to get your credit card or reply to which of the 1000 things you get in the mail. What matters more is the bank offering the card.

Actually I was pressured by my banks to get them. They kept harrassing me with phone calls, letters and every time I went to the bank to do business. After 10 years of harrassment, I broke it :winkwink:

After 10 years of harrassment, I broke in and accepted their offer.

I thought Mastercard and Visa were seperately owned by a collective of banks & financial institutions...

I just love how the world's largest company, Walmart, has told AMEX/MC/VISA to

GOFUCKYOURSELF

For all purchases at sams club. :thumbsup

Mastercard companies mostly have hidden rules when it comes to cash advances or anything relating to receiving cash on the receiving end. ie wu, paypal, casino, epassporte, etc. Sometimes fees occur unlike Visa but I am sure it happens. So if you are looking for a more versatile company I would go with Visa rather then Mastercard.

that is news to me too.

They are not owned by the same company, they are organizations. They work together though? alot? deeply? with passion.

They only provide the network... the banks own the funds and credit claims. :)

I have never had Mastercard, Visa approved me first, and after that I never applied for a MC again.

i prefer mastercard