08-31-2012 11:06 AM
Sams club doesn't take Visa but do take MC and VISA more accepted outside US.
08-31-2012 11:08 AM
IS there any advantage of hiving a VISA over a MC? Apart from the convenience of having both just in case a merchant doesnt take one or the other?
Not really, both transaction networks are ubiquitous in the States, either is fine to my knowledge. Might be some difference in Visa Sig vs World MC but I've never looked into that.
08-31-2012 11:09 AM
"Sams club doesn't take Visa but do take MC and VISA more accepted outside US."
Sams club dont accept credit visa, but they accept debit visa and I thought that was kind of weird though.
08-31-2012 11:10 AM
Advantage of Visa
* Visa offers more practical discount on its website when using Visa card.
* If you have Visa Signature, it has superior purchase protection/extended warranty than Wold MC/World Elite MC.
Advantage of MC
* It is more widely accepted on international level (some countries like Canada tends to accept MC over Visa).
If you travel abroad, Visa and MC calculate their exchange rate differently.
08-31-2012 11:19 AM - edited 08-31-2012 11:19 AM
alboto, MC has more acceptability overseas than Visa, not the other way around.
08-31-2012 11:46 AM
Visa is slightly more prestigous than MC.
When you move into higher end cards Visa Signature seem to be more recognised as oposed to "World" mastercard. Also Visa Signature benefits seem to be slightly better than what World MC offers.
My recomendation is to have both, especially if you can get both with no AF.
08-31-2012 12:01 PM
MC doesn't get much love here in the U.S. The issuing banks seems to push Visa. I've never had an MC in my life, always Visa. It wasn't even an option when I signed up for my Freedom card.
08-31-2012 12:08 PM
Untill I got my Chase VISA, I never had one.... I had 4 MC's (2x CapOne, HSBC Sears, BestBuy rewardzone) no visa, in fact the reason I AP'd for the Freedom card is because it was a VISA.
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO