MasterCard/Visa - noticing a pattern.

[-Cain-]

Debit mastercards are out there. My MLB banking debit with BofA is a MasterCard.

[Anonymous]

I know for me personally any MC Ive applied for doesn't want a thing to do with me, not even places like Capital 1. But I have two Visa (State Farm and a Local Credit Union).

I can say as a manager at a restaurant, when I go over the financials Visa sales usually account for about 2/3rds of all credit transactions, with Mastercard taking about 20%, and usually AMEX with the remaining (Discover is very rare for some reason). So from my perspective business wise Visa isn't becoming a rare breed.

[Amnesia87]

My Citi Forward and Wells Fargo Debit card are both Visa.

[Anonymous]

I manage a sports bar and have noticed pretty much the same thing. The only difference is that MC and Visa are lumped together on our batch reports, but I see the same approximately 85% between the two. As for the rest... maybe 12% Amex and 3% Discover. 

On a side note my BOA Redskins debit card is MC.

[scottwagnon]

i have held this belief that everyone should have a credit card of each of the 4 major netorworks.

thats  [visa]   [mastercard]  [amex]   [discover/diners/jcb/unionpay]

YOU are the 5th network.

[Wolf3]

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@scottwagnon wrote:

i have held this belief that everyone should have a credit card of each of the 4 major netorworks.   WhY?

thats  [visa]   [mastercard]  [amex]   [discover/diners/jcb/unionpay]

YOU are the 5th network.

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I think Paypal/BillMeLater is becoming the 5th network.

[Anonymous]

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@scottwagnon wrote:

i have held this belief that everyone should have a credit card of each of the 4 major netorworks.

thats  [visa]   [mastercard]  [amex]   [discover/diners/jcb/unionpay]

YOU are the 5th network.

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Exactly!  Why put all of your eggs in one basket?

[Anonymous]

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@scottwagnon wrote:

i have held this belief that everyone should have a credit card of each of the 4 major netorworks.

thats  [visa]   [mastercard]  [amex]   [discover/diners/jcb/unionpay]

YOU are the 5th network.

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I have all of those ... and I'm done!

Wow!  How many of you know about JCB?   I only see that sign at Japanese store here in CA.  

JCB is very popular in Japan, but I never had it even before I came to US.

[andre181]

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@ReVeLaTeD wrote:

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@wmarat wrote:

Practically every financial institution offers Visa.

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Last I looked, Wells Fargo does not.  My credit union does not.

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Currently, all of WF's debit AND credit cards are Visa's

[Anonymous]

Visa is going to remain the defacto brand and network for a while. They've got huge market share, and they aren't going anywhere any time soon.