Visa vs MasterCard - Which one is better ?


The quick answer to this question is that there is no clear winner.

Both VISA and MasterCard are very big corporations and have similar statistics in terms of no. of users, cards deployed and the no.of merchants where they are accepted.

VISA MasterCard
Founded 1958 1966
Headquarters California, USA New York, USA
Revenue (Billion USD) 15.08 10.77
No. Of Merchants ~40 million ~40 million
 

What do VISA and MasterCard actually do?

VISA and MasterCard are payment networks that allow a credit card of one bank to communicate and complete a transaction with a different bank account. When you swipe your card, the payment request is routed through their network. However, most features and services on your credit card are controlled and decided by the Bank that issues you the credit card and not VISA / MasterCard.
Payment Network Visa / MasterCard
Credit / Lending Banks
Offers and Discounts Banks
Reward Points Banks
Payment Collection Banks
Risk of Non-Payment Banks
Interest Rate (APR) Banks
Customer Care Banks
Merchant Acquisition Banks
Merchant MDR Banks
 

How to decide which Credit Card to get?

 

Your decision on which credit card to get should depend on what features and rewards the Credit Card issuer is giving you and not too much on the choice of VISA and MasterCard. Both of them have the same type of cards, both run on the same type of machines and both have the same limitations: they need to be a physical card and you need to wait for this card to be made for you.

Be prepared to wait 3–4 weeks though, because most traditional Banks, rely on a lot of paperwork to process your application. They will ask you to submit at-least 5 Documents with self-attested hard copies, then you wait for the physical card to arrive by courier and then the PIN arrives separately. Its a very old process and they haven't fully adapted to technology.

This is why we created GalaxyCard. GalaxyCard gives you a credit card in just 3 minutes. GalaxyCard is faster, secure and doesn't need to be swiped anywhere. Just Tap and Pay. Sign up now to get an Instant Credit limit of Rs. 10,000 Apply Here