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Wednesday, January 25, 2006

Visa Mastercard Credit Card Comparison

archive
Posted: Mon Sep 13, 2004 5:28 am
Post subject: Visa Mastercard Credit Card Comparison


Jill
Date: 3/22/2001 5:47 pm CDT

Is there any quantifiable difference between Visa and Mastercard? MBNA, and other credit card companies, offer identical cards (i.e. APR, grace periods, etc) some with the Visa logo, others with Mastercard logo. Is their a difference? If so, which is better?


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archive
Posted: Mon Sep 13, 2004 5:29 am
Post subject: Visa Mastercard Credit Card Comparison

dave
Date: 3/23/2001 12:52 am CDT

The terms of each card such as APR, grace periods are established by the issuing bank but many of the benefits associated with cards are provided through Visa or Mastercard rather than the bank. These include extended warranty protection, car rental insurance, lost baggage protection, etc. It is rare to find a merchant in the United States that accepts one but not the other type of card. It used to be that Visa had wider acceptance than Mastercard in Europe but I think that has changed.


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