Credit Cards Center Credit cards from our partners
Reply
Established Contributor
Posts: 731
Registered: ‎02-15-2012
0

Re: VISA vs Mastercard


trumpet-205 wrote:

Koop10010 wrote:

There's not a whole lot of advantages to one over the other in the US.  Sam's Club is the only place I know that takes one but not the other.  I think Visa Signature typically has a little bit stronger benefits over World MasterCard, but the individual card may enhance them anyway; also MasterCard has World Elite level, which has more perks.


World Elite is meant to compete against Visa Infinite. Visa Infinite beats World Elite MC, as does Visa Signature to World MC. MC overall has less perks than Visa.


Visa Infinite may be better than WE MC, but aren't there currently no Visa Infinites being issued in the US?  As for Visa Sig against World MasterCard, it may be true that the Visa generally has more perks, but this can vary by card because many cards go above and beyond standard Visa or Mastercard perks, like the Chase Sapphire Preferred, for instance.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Super Contributor
Posts: 6,676
Registered: ‎04-07-2008
0

Re: VISA vs Mastercard

VISA infinite not issued inthe US ?

 

So there is one more VISA flavor out there. Even the Palladium is a Signature.




Established Contributor
Posts: 937
Registered: ‎06-12-2012
0

Re: VISA vs Mastercard

Yes the Visa Infinte is a non-US version. It is considered a step above the Signature version.

AMEX SPG $20K | Citi TY Premier $20k | PenFed PlatRewards $25k | Barclay Arrival+ 40k | Chase Freedom $20k | BofA AMEX $15k | Discover IT $10k | | NASA Platinum-Advantage $10k | CapOne Quicksilver $10k | Amazon Card $10k | NASA PLOC $30k @ 8.25% | Joined myFICO 6/12 with a 540 FICO & today I'm over 750!
Established Contributor
Posts: 731
Registered: ‎02-15-2012
0

Re: VISA vs Mastercard

I remember reading something a few years ago about Visa introducing a "Signature Preferred" tier in the US that would be above Signature, but I guess that never happened.

FICOs (2/24/12): EX 752, EQ 740
Chase Sapphire Preferred, Freedom; American Express PR Gold, Blue Cash Everyday
Frequent Contributor
Posts: 292
Registered: ‎01-17-2009
0

Re: VISA vs Mastercard


DeadSpider wrote:

So MC is more accepted outside US ? I thought I was the other way around !

By the way my Freedom card is MC.


My Chase freedom is MC, also.

 


BofA visa $9.4k ... BofA Cash Rewards visa sig $10k ... Cap 1 Venture1 visa sig $10k ...
Chase Freedom visa $10k ... Macy's $1.5k ... Macy's Amex $5k ... Sam's Club $6.3k
myFICOs as of 3/25/14:...EX=809 .... EQ=802....TU=787
Established Contributor
Posts: 560
Registered: ‎09-29-2012
0

Re: VISA vs Mastercard

I think there really is no difference b/w visa or MC

 

 

But I think I'd prefer a MC over visa any day.

 

 

Coke or Pepsi?

Regular Contributor
Posts: 284
Registered: ‎07-30-2011
0

Re: VISA vs Mastercard

I think there is less of a difference, than people are led to believe. That being said, I don't understand why Visa hasn't seen the opportunity to target their Visa Infinite to the U.S. market. 

Garden Mode... kind of... sort of (•‿•)
Valued Contributor
Posts: 2,475
Registered: ‎01-22-2012
0

Re: VISA vs Mastercard


nenuco wrote:

I think there is less of a difference, than people are led to believe. That being said, I don't understand why Visa hasn't seen the opportunity to target their Visa Infinite to the U.S. market. 


I have a feeling its because the number of people who would qualify would be extremely limited, so much so that it wouldn't be worth the costs of implementation. Visa Infinites have a minimum CL of $20,000, so you'd need to be able to qualify for a 20k CL upon approval from a major bank (not something like NFCU which gives out severely inflated limits). CLIs wouldn't count in this, much like to get a signature you must be qualified for 5k the moment you're approved. The difference in interchange fees from this small group would be fairly small (maybe an extra 0.1-0.15%), and therefore it would take them a decade or more to recover the startup costs.
EX 798, EQ 789, TU 784
American Express Platinum (NPSL) || Bank of America Privileges with Travel Rewards Visa Signature - $23,200 CL
Barclays American Airlines Aviator Red World Elite Mastercard - $20,000 CL || Chase IHG Rewards World Mastercard - $25,000 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL || Chase United MileagePlus Club World Elite MasterCard - $26,500 CL
Citibank Hilton Reserve Visa Signature - $20,000 CL || J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Contributor
Posts: 567
Registered: ‎10-04-2012
0

Re: VISA vs Mastercard


CreditScholar wrote:

nenuco wrote:

I think there is less of a difference, than people are led to believe. That being said, I don't understand why Visa hasn't seen the opportunity to target their Visa Infinite to the U.S. market. 


I have a feeling its because the number of people who would qualify would be extremely limited, so much so that it wouldn't be worth the costs of implementation. Visa Infinites have a minimum CL of $20,000, so you'd need to be able to qualify for a 20k CL upon approval from a major bank (not something like NFCU which gives out severely inflated limits). CLIs wouldn't count in this, much like to get a signature you must be qualified for 5k the moment you're approved. The difference in interchange fees from this small group would be fairly small (maybe an extra 0.1-0.15%), and therefore it would take them a decade or more to recover the startup costs.

This is somewhat inaccurate. RBC, for example, requires for its British Airways Visa Infinite a minimum line of $5,000 in conjunction with a minimum personal income of $60,000 or minimum household income of $100,000.

 

These are marketing tools designed to appeal to snobbery, IMO. If the benefits you can obtain (and actually utilize) from the card outweigh the AF (if any), then by all means pick it up. If not, it's ludicrously stupid IMO to pay a fee for presumed prestige.Credit cards are tools, not fashion accessories.

 

Because, after all, if one can seek something out, it isn't really very prestigious, is it? The truly prestigious things in life (to the extent that this even matters, which IMO is zero) are the things that one must be invited to acquire.

 

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
NFCU Flagship Signature $50k - USAA Cash Rewards AMEX $28k
Citi Platinum Select / AAdvantage Signature $31k - Chase Amtrak Rewards World MC $41k

Contributor
Posts: 567
Registered: ‎10-04-2012
0

Re: VISA vs Mastercard

Likewise for the CIBC Aerogold VISA Infinite, the Scotiabank Momentum VISA Infinite, and the TD Canada Trust First Class Travel VISA Infinite.

 

All have minimum lines of $5,000 with personal income of $60,000 or household income of $100,000.

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
NFCU Flagship Signature $50k - USAA Cash Rewards AMEX $28k
Citi Platinum Select / AAdvantage Signature $31k - Chase Amtrak Rewards World MC $41k

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.