It is possible that at some point you were curious to know which credit card is better: Visa or Mastercard. If this is your case, we invite you to read this article, where we answer that question.
What is a credit card franchise?
The right answer to this question is to understand what a credit card franchise is. This is because the renowned Visa and Mastercard brands are just that type of franchise.
Financial institutions are the ones that grant credit cards to their clients and are responsible for processing payments. Franchises provide universal acceptance of cards, even internationally, and other additional benefits. For example, they make available to cardholders an international network of ATMs and a help center.
Internationally, which credit card is better: Visa or Mastercard?
To answer this question, we use the three most important parameters a credit card has.
- Acceptance : Visa has the advantage, with 30 million establishments that accept it worldwide. Mastercad, meanwhile, is accepted in 20 million of them.
- ATM network : Mastercard has 1.1 million ATMs in the world, one million less than Visa . Another point in favor of the last.
- Benefits : In this parameter there is no significant difference, since both offer basically the same benefits. These vary according to the category of the respective card.
In conclusion, Visa exceeds Mastercard internationally .
Nationally, which credit card is better: Visa or Mastercard?
The answer to this question in Peru and other Latin American countries, is that both are equal and there is no better one. This is because in these countries businesses accept or not both credit cards equally. And ATM networks are managed by financial institutions and not by franchises. Then, for use in ATMs, the financial institution that grants it, and not the franchise, is decisive.
Therefore, for a common citizen the answer to which credit card is better: Visa or Mastercard is simple. Both are equally good, since they give similar benefits and have equal acceptance.