What is the difference between Visa and Mastercard??

[nitrox]

Both Mastercard and Visa are credit card companies. They are engaged by numerous banks for their credit card services and products beacuse of their networks' global presence. Correct me if Im wrong, pero ang Visa merong debit card (Visa Electron) unlike Mastercard. Visa is also involved with the Plus ATM network. With regards to security, I think both are running under SSH2 (Triple DES encryption, a 24-bit 3-time data encrytion algo) so they are much secure. Both are currently implementing chip-based cards (EMV) for added security. Both earn their revenues when a merchant uses their networks for their credit card purchases. This amount (and other fees) is passed on to the customers. That's why in some cases, paying for an item using a credit card is higher than purchasing it in cash. It depends on whether the merchant is willing to absorb these costs.

[hotwheels]

ei mga guys ask ko lang ano pinagkaiba nung Visa and Mastercard maliban dun sa spelling and numbers nila? Thanks!!!

They are different international credit card company supported/distributed by different bank locally and internationally. ( ex. Citibank has Visa and Mastercard, BPI has international Mastercard)
Visa and Mastercard credit card are widely used and accepted worldwide.
Each bank has different promos for the use of the card like Zero % interest on items purchased or rewards point.

[theveed]

Hmm, I should know this... Kasama dapat sa job description ko na to but I really don't know haha.

[b1rken5tock]

sa tingin ko pareho lang visa n mastercard, mas gusto ko lang visa card kasi yung mastercard e feel ko ako yung slave.. he he he.. at least sa visa card ako ang master...joke lang po...

[ssaloon]

meron din parang mastercard na debit card. mga electronic mastercard.

[ryan_pogi]

to answer the topic question, they are the same but different assosiation or organization.

kinda like the dvd (format) meron blu-ray, at merong HDVD.

[KoKoNAT]

The difference is negligible. I have not seen a merchant that accepts one but not the other. Though I've seen merchants that DON'T accept any credit cards (JCB, AMEX, MC, VISA, Diners, etc), so having one or the other won't help you in this case. Both cards are pretty much accepted around the world.

So its up to you to choose which card from which bank/financial institution you would like to get. For myself, I choose a low-rate, low-fee, with interest-free day credit card. Points and free miles don't appeal to me as, in my opinion, their offered products stink and it takes forever to gain points to get the product you want. Low maintenance cards should be the first choice of any first-time credit card user, IMO.

[BlueBimmer]

points are only feasible if you spend more than 10k or 20k per month, if not e medyo useless. but at least some banks allow 3 or more years for the user to accumulate points..kahit gift cheque nalang avail pwede na hehe

[CVT]

Either of the two will do.

Both are widely accepted worldwide. If you're planning to use these cards abroad, I would recommend getting the cards from HSBC, Citibank, Standard Chartered.

From my experience, kapag Philippine banks, in my case, BPI, sasabihin sa iyo,- "Do you have other cards?" Asar nga, eh!

[mikmik316]

better have Visa & Mastercard credit cards to be safe...

a third card na maganda is Amex... maganda daw kung kasama ka sa elite club ng Amex users... yung black ba yun????

[Fast Eddie]

visa or mc ay pareho silang 'plastic'. ung isa pang bukas
ng pintuan kung mainit ulo ni misis, ung isa pang sampal
kay mister.

[Camgen6]

I think same company yata eh. Just different on advertising or marketing.

[silhouette]

Nothing much. Merchant acceptance lang. Both with similar features from chip, atm (cirrus/maestro) acceptance, to debit cards.
Both originated in two regions, one in Europe and the other America.
So if you are a traveler, better have both or even include the likes of Amex/Diners. Since different merchants are being acquired by different banks carrying different institution/brands.

Swipe swipe na yan!!!

[_Qwerty_]

pareho lang yan..

pareho lang sakit nang ulo ang ibibigay sayo pag hindi ka marunong gumamit..

[redorange]

There is really no difference since they both put you in debt if not used accordingly.

[ozcity]

OT:

ginagamit nyo ba sa online(internet) yung mga plastic nyo?

[BoyL3]

4 nag start ang visa, 5 naman sa mastercard

[shadow]

pareho lang yan kung sino na lang magbibigay saiyo ng mas malaking limit yun ang kunin mo...

[XTO]

di nagkakalayo. pag di ubra yung isa, yung isa tyak.

[boybi]

OT:

ginagamit nyo ba sa online(internet) yung mga plastic nyo?

yes, mga 4-6 times a year.