Visa or Mastercard—what’s the difference, anyway?

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Visa or Mastercard—what’s the difference, anyway?
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You apply for a credit card and the bank sends you one when you’re approved. Whether it’s a Visa, Mastercard or another type of payment card doesn’t factor into the process. Or does it?

You apply for a credit card and the bank sends you one when you’re approved. Whether it’s a V, -0.70% a Mastercard MA, -0.98% or another type of payment card doesn’t factor into the process. Or does it?

Ultimately, any other differences in cards come from the specific card you have. Not all Mastercard cards are the same, and not all Visa cards are the same. One benefit of the way Visa and Mastercard work is that they are able to foster much wider acceptance than other credit card companies. Visa’s network is 28 million merchants strong. Mastercard’s network features 30 million merchants. It’s rare that one of the types of cards is not accepted when another is. You’re much more likely to find a merchant that accepts Visa and Mastercard while not accepting Discover or American Express.

Find out more about credit scores and what is typically considered a strong score before you apply for any type of credit card.Both Mastercard and Visa work with banks that provide rewards credit cards. These can include:

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