Is MasterCard becoming obsolete?

[WhiteCollar]

I like to keep a diverse portfolio of credit cards. Last week, I had to give up my CSP WMC in order to get a EMV version. The EM version is a VISA branded card only. This prompted me to review my credit card arsenal and I noitced the majority of my cards are VISA branded with the exception of my Best Buy MC whick I only use ay Best Buy. I've been to places where they do not accept VISA so it was good to the the CSP WMC in my wallet. As I researched other prime banks, they all seem to have a VISA fetish. It appeared only Barclays, B of A, and Citi still offer a small selection of MC's.

Is MasterCard becoming obsolete?

[DigitalArk]

USAA, NFCU, Cap1 still offer MC cards.

[Anf_dude]

SunTrust Has A Great Selection Of MC Backed Cards. I PC'd My BofA Visa 123 To MC. Now I Don't Have Any Visa Cards But My Wells Fargo Debit.

[WhiteCollar]

USAA and NFCU are great institutions but everyone does not qaulify for membership. I'm adding Barclay's Sallie Mae MC to my 2014 credit card wish list. I do not have any B of A cards so I'll check out what they have to offer.

[Radek7752]

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@WhiteCollar wrote:

I like to keep a diverse portfolio of credit cards. Last week, I had to give up my CSP WMC in order to get a EMV version. The EM version is a VISA branded card only. This prompted me to review my credit card arsenal and I noitced the majority of my cards are VISA branded with the exception of my Best Buy MC whick I only use ay Best Buy. I've been to places where they do not accept VISA so it was good to the the CSP WMC in my wallet. As I researched other prime banks, they all seem to have a VISA fetish. It appeared only Barclays, B of A, and Citi still offer a small selection of MC's.

Is MasterCard becoming obsolete?

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I don't believe it is becoming obsolete, although I too have noticed more Visas amongst my cards. I even have more American Express cards than I do Mastercards. I chose to forego the EMV in my CSP so I could keep it a MC because it serves an important purpose in my wallet. Lastly, when traveling abroad I prefer to have a Mastercard with me, even though I tend to carry a Visa & American Express as well.

[coldnmn]

Barclay Ring is nice to have in the wallet if you have to carry a balance a short time. They also offer a free TU 08 credit score.

[WhiteCollar]

@Radek7752 Won't you have to eventually convert  to the EMV VISA version of the CSP? I was told I could wait but I would eventually get a new card because Chase all CSP's will be VISA branded going forward.

[rlx01]

Citibank and Barclay issue more MasterCards than anything else.

[WhiteCollar]

I checked Citi's website and the majority is VISA. However, I was told you can request some credit card products in a MC version.

[Radek7752]

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@WhiteCollar wrote:

@Radek7752 Won't you have to eventually convert  to the EMV VISA version of the CSP? I was told I could wait but I would eventually get a new card because Chase all CSP's will be VISA branded going forward.

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Chase may very well choose to convert the cards at their own convenience, but from what I have read so far, it's all speculation as to when that will actually happen. I'm in no rush to convert since my other Mastercard (Simplicity) is not a suitable wallet card. It's best used for balance transfers and large expenses to be paid over time.