What is the major difference between Mastercard and Visa?

Answer by  technogeek (6640)

The only difference between the two is that they are competing credit card agencies. There is no real difference. Each one offers some minor things that the other does not, but they are interchangeable.

Answer by  bumblebee (313)

The major difference between the two cards is the interest rates. Before deciding which card to get compare interest rates and also whether there is a reward program associated with the card.

Answer by  bean11 (2803)

There is not much difference between the two cards; in today's society, most places accept either card and they both offer reward programs and different levels of cards. The only real difference is that some store systems have not been updated to accept Mastercard still, so Visa is probably slightly more widely accepted.

Answer by  NobodysHome (385)

Mastercard and VISA were originally completely separate networks for processing credit transactions; today, most companies that accept one will accept the other. However, the card issuers are different, and Mastercard is far less common.

Answer by  SallyJ64 (3121)

They are two different companies, and it's possible to find places of buisness that will accept one and not the other, but it's rare these days. They are more simmilar than say american express or discover.

Answer by  Fulkron (79)

Besides the fact that each card is owned by a different company, I believe the biggest difference is that some businesses might accept one card, but not the other.

Answer by  lolson39 (206)

Both Mastercard and Visa are credit cards that are widely accepted at home and abroad. Mastercard's minimum income to quality for the card is lower than Visa's requirement.