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Regular Contributor
Roarmeister
Posts: 169
Registered: ‎04-21-2012

Re: VISA vs Mastercard

[ Edited ]

Elcid89 wrote:

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.


Dang, I knew I should have asked for more on the ScotiaBank Visa.  I just asked for $10k because I was a little gun shy.  Maybe I will CLI my card upwards to match my other ones.  :smileylol:

 

I agree with the others, M/C seems to be more prevelant here in Canada.  It could be my imagination but I think about 75% of the cards are M/C rather than VISA.

AmexGoldBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
___$13.5k______$20k_______$20k_______$25k_______$20k____
Starting Score: 676 Feb 2008; Current Score: 758 June 2013; Goal Score: above 780 this year
Oldest Account: 31.2 years; Current AAoA: 14.7 years; Current Utilization: 8.3%
Established Contributor
distantarray
Posts: 2,112
Registered: ‎09-25-2011

Re: VISA vs Mastercard

my Local DMV refused to take Visa -_-;


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Frequent Contributor
ccnewcc
Posts: 485
Registered: ‎09-29-2012

Re: VISA vs Mastercard

MasterCard FTW!

Valued Contributor
CreditScholar
Posts: 1,505
Registered: ‎01-22-2012

Re: VISA vs Mastercard


Roarmeister wrote:

Elcid89 wrote:

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.


Dang, I knew I should have asked for more on the ScotiaBank Visa.  I just asked for $10k because I was a little gun shy.  Maybe I will CLI my card upwards to match my other ones.  :smileylol:

 

I agree with the others, M/C seems to be more prevelant here in Canada.  It could be my imagination but I think about 75% of the cards are M/C rather than VISA.


MC seems to be more prevalent here as well. Inside the US Visa seems to be more prevalent, but that often changes once you step outside the country.

 

FICOs: EX: 800, EQ: 813, TU: 807

Bank of America Privileges with Travel Rewards Visa Signature (EMV) - $23,200 CL
Chase Sapphire Preferred Visa Signature - $12,700 CL
Chase United MileagePlus Club World Elite MasterCard - $25,000 CL
J.P. Morgan Ritz Carlton Visa Signature - $23,500 CL
Regular Contributor
Roarmeister
Posts: 169
Registered: ‎04-21-2012

Re: VISA vs Mastercard

[ Edited ]

I just found pages with real information as opposed to my gut feelings:  :smileysurprised:

I suspect the % data hasn't changed much since 2009.

 

http://www.creditcards.com/credit-card-news/credit-card-industry-facts-personal-debt-statistics-1276...

  • As of yearend 2009, there were 270 million Visa credit cards and 382 million Visa debit cards in circulation in the United States. (Source: Visa.com)
  • As of yearend 2009, there were 203 million MasterCard credit cards and 125 million MasterCard debit cards in circulation in the United States. (Source: MasterCard.com)
  • As of yearend 2009, there were 48.9 million American Express credit cards in circulation in the United States. (Source: AmericanExpress.com)
  • As of yearend 2009, there were 54.4 million Discover credit cards in circulation in the United States. (Source: Discover.com)

In Canada, in 2008, M/C had 38.7% of the market, VISA had 38.3% (and most of the banks), 17% AMEX and the remaining 8-9% shared among the other CCCs.

http://banknerd.ca/2010/09/28/visa-vs-mastercard/

AmexGoldBMOWorldMCCapOnePlatinumMBNA_Platinum+ScotiaMomentum
___$13.5k______$20k_______$20k_______$25k_______$20k____
Starting Score: 676 Feb 2008; Current Score: 758 June 2013; Goal Score: above 780 this year
Oldest Account: 31.2 years; Current AAoA: 14.7 years; Current Utilization: 8.3%

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