|
|
|
This question is almost as tough as
deciding between Coke and Pepsi. Visa and Master card have been
battling each other since the 1960s; however, it was American
Express that really started the credit wars between the giants
during the early 1960s. Amex, as it fondly came to be known, quickly
became the preferred card of choice for most credit card users
across the world.
Visa Credit Cards
First known as Bank
America when it was launched by the Bank of
America in 1959, it was re-christened as Visa Credit Cards after almost two
decades. Now, it is used by more than 21 thousand organizations
around the world. In Europe, Visa has always been more popular than
Master Credit Cards or Amex. Consider these statistics:
More than 5,000 organizations worldwide use the Visa Credit cards
Visa Europe has issued in excess of 100 million Visa credit cards
During the last year Visa Credit Cards Europe consumers spent more than 700
billion Euros
Of this amount, UK Visa Credit Cards users spent almost 130 billion Euros
To combat internet fraud, the Verified by Visa Credit
Cards program asks users
for a password if they wish to make an ecommerce transaction on a
website. This gives it a clear edge over Master Credit Cards.
Master Credit Cards
It was designated as a rival to the predecessor of the
Visa Credit cards,
Bank Americard. Master Credit Cards was born towards the end of the 1960s,
when a group of bankers in California fathered the Western States
Bankcard Association. This was re-christened Master Credit Card at
approximately the same time that Visa was renamed. Until about a
decade ago, Master Credit Cards was the unchallenged leader in the US. Even
now, with growing competition, Master Credit Cards is used in more than 25
million locations across the globe surpassing other cards.
You can get a
Master Credit Cards in World, Platinum, Gold, as well as
Standard formats and its Secure Code program offers a code which
helps prevent the card from being abused online. Even so, the
verification process is not as secure or as well-liked as Visa s is.
Master Credit Cards? or Visa Credit Cards?
Most merchant establishments accepted both the Visa Credit
Cards and the
Master Credit Cards. However, there are clear loyalists for both cards. While
Master Credit Cards is more popular all over the world, Visa
Credit Cards is quickly
catching up primarily due to its secure verification processes
online. So most consumers prefer to keep one card from each company
and use each card according to their individual requirements. Which
one is more popular is anyone s guess. While each card has its own
merits, the safest statistic to believe is that while half a dozen
people prefer Visa Credit Cards, six are loyal to Master
Credit Cards. |
|
