Visa vs. Mastercard: What's the Difference? Which is better? Which is easier or harder to get?

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#visa #mastercard #creditcards

[@ProudMoney]

You can support our channel by choosing your next credit card via one of the links below (in other words, we make money if you get approved): [Click "Read More" for Advertiser Disclosure] - CardMatch™: rebrand.ly/p70ubk - Cash Back Credit Cards: rebrand.ly/8tz84x - Travel Rewards Credit Cards: rebrand.ly/27jk4y - Credit Cards For Good Credit: rebrand.ly/yi47oz - Credit Cards for Fair Credit: rebrand.ly/956h4w - Or, use our Amazon.com link: amzn.to/2PpQWoB ADVERTISER DISCLOSURE: Unless otherwise noted, this channel receives compensation from our partner sites when you click through and are approved for a credit card through the links you see above. Compensation may impact how and where we place these links. While we try to include information on a wide variety of financial companies and products in our videos, we definitely can't guarantee that we've included every company or every available offer. NOTE: Credit card information in this video is not guaranteed; we have attempted to confirm all information to the best of our ability but we could simply be wrong or the information could be outdated by the time you watch this video. We are doing our best here, but check our work!

[@Shaolin91z]

Similarities not sameneesess.......

[@WordDefinition]

Bullseye. Yes. Costco only accepts VISA, before American express. Does Capital One have VISA credit cards?

[@dapurplepuma8804]

Great video. I have a question. If I have a Amex credit card that's issued from a credit union and I apply for a Amex charge card directly from Amex. Will I still receive a Hard Pull on my credit regardless, although I already have existing history with Amex?

[@dougpatterson7494]

I’m Canada it’s the other way around; Mastercard only at Costco. It used to be American Express only at Canadian Costco’s and that certainly helped Amex get more Canadian customers.

[@Blacklistwar]

The part that is truly fascinating is that the moment you swipe your card to approve, it takes a few seconds. But a lot of info is exchanged

[@looseycanon]

Well, there are two differences. MasterCard cards tend to get processed faster than Visa, but Visa, from what I've heard, is marginally more accepted than MasterCard in countries, which use USD as their currency. I run our family finances. most of my cards are MasterCard, partially, because those were the cards my banks (yes plural) offered, but, when given choice, and since my home currency is CZK, but mostly, because I preffer to have information faster. My dad has a Visa, because his bank doesn't carry MasterCard anymore and he has to wait sometimes, to get all of his transactions done... due to which, he calls me, to check on his account all the time, because he's not sure, when and where he paid, therefore, he's never sure of his final balance. Not to mention, that Visa, at the time of his MC being replaced with the Visa, was not so widely accepted in Germany. The country, he spends the most time in! (he's a truck driver). Meawhile, I get transactions from basically all over Europe within minutes of making a purchase. Meaning, if your bank gives you the choice between Visa and MC and other perks and services with these cards are equal, you may have to weigh, what's more important to you and what will the use for that card be. Edit: That Costco case reminded me of one more thing, though that shoehorns in American Express. Hungarian highway authority as well as a lot of businesses don't accept AmEx. I've heard, that in the Netherlands (will confirm this year) basically the only card accepted in some types of shops (I believe basic grocery stores) is Maestro. So, if the card is meant for travel to certain destination, researching that particular market might be a factor as well.

[@HabibQhaderi]

You are a kind hearted man

[@docsays]

I like having cards from all 4 networks.

[@boondoggle4820]

I just realized that I don’t have a single MasterCard. I have five Visa cards and one Discover card. It was not an intentional decision. I just took the ones that gave me the best offers and the best deals.

[@LiLsIcKViDeOs]

What are those 5 cards ?

[@Th33Vultur3]

I have 2 visas, 2 Mastercards, 4 Amex and 1 Discover

[@iali00]

Have 1 Mastercard, 2 Visa, and 3 AMEX cards. I like Visa because it works everywhere. AMEX sucks once you leave the USA.

[@MoDavI-sl7iy]

I've seen other KZbinrs that do the same kind of videos you do, & you're actually the best at what you do. Your videos are really informative.

[@ProudMoney]

Thanks! Appreciate the kind words.

[@AnonZero0]

*Thank you.*

[@landocalrisian2014]

You did a Fantastic job at breaking all this down so it's palatable. Thank you.

[@TracyAmor]

Informative. Thank you.

[@pianoman9685]

Great Channel thanks

[@kingsboy1828]

great video. thanks

[@billywatts889]

Great, Great video I've always wondered that 👊

[@TheGsowens32]

Wow! You really broke that down so well. Very informative.

[@bigcee6374]

Thanks for the video I learned a lot can u do a rewards video with the top credit cards. Amex vs Chase thank you if u can do it

[@peterk2343]

Nice breakdown

Visa is typically more used world wise and first excepted but at the same time Mastercard is a close behind. So maybe there is no clear competition.🤷‍♂️

[@stephencsoma564]

They do the same exact thing. Get whatever card that you can benefit from.

[@TNTN1977]

Great info

[@bestnaturenoise]

Ya sir your right now only I know differ between visa and MasterCard 🤩

[@lorimast]

I figured out a workaround for Costco. I put my Capital One Mastercard on Samsung Pay. Then I use my phone to pay with my card. 😁

[@apocliongaming2074]

Visa better

[@lorimast]

@@apocliongaming2074 lol

[@tonycalderamx]

Will it work of I put it on my Apple Pay and pay with my phone ?

[@lorimast]

@@tonycalderamx I have an Apple now and I haven't been able to get it to work. They told me that it only works if you use a pin number on the transaction.

[@LNCRFT]

@@tonycalderamx I dunno if it works tbh. I live in Germany and most cards are some sort of local debit card here and if I link them to my phone I can either read MasterCard or Visa on the bill. I believe that Google Pay uses Visa but I’m not sure about Apple Pay. If u wanna check it which one it is, just link your card to Apple Pay, do a small purchase (like $5) and have a look on the bill. Usually you can see what you’ve used to do the purchase. If it says Visa you’re good to go then. It can be different for every store whether they show what you’ve used to pay for your items or not. Make sure to go to a store where u know they show that on their bills

[@fines3222]

I personally like Visa better only because it is easier to pronounce in other languages. However, I'd like both equally if MasterCard shortened their name to just the first two lettters in "master" and "card," which is Maca.

[@julianmarshall2127]

I like Maca..sounds cool.

[@einsteindrieu]

Your a good man Thank you !!! 🛸🛸🛸🛸👌👌

[@rafaeljimenez2769]

Very instructive and very well explained

[@renren8547]

Very well said. This is the information that I've looking for thanks.

[@anthonygardner400]

Very informative. Well explained. Thanks!

[@outrageous1489]

There was a time when Visa was more prevalent in the west coast and Master charge was more prevalent in the east.

[@neomancr]

That's typically not how it works. The credit card compares what amounts to a check sum. The first digit is the network code. 3 Amex 4 visa 5 mastercard disco uses another network which starts with 6. Mastercard uses the first 6 digits to determine the class of the card. Visa handed that directly so you can keep the same number. BUT as far as checking the card they will do 1 of 2 things. Do a 1 dollar check to see if the card is active or 2 run it versus a seed from whence hackers extrapolate credit cards that they can print and run at the businesses that only check to see if the number is valid. The actual settlement doesn't occur till the end of the night when it's sent as a single batch and THATS when the credit card is actually processed. You can rip off some business this way. Please don't. Or at least if you do only target big box stores.

[@89Ayten]

Conversely, Discover and Amex are their own financial institutions, as well as operating merchant processing networks. Amex also processes payments for select other lenders, such as Wells Fargo, US Bank, USAA. I don't believe Discover processes for anyone else.

[@jorgepadilla3459]

more than 10 years ago Walmart had the discover logo but they changed it to visa when they were with synchrony bank but now they are with capital one they have they mastercard also macy's is partnered with American express

[@hopelessdecoy]

Has Discover been the card network for other banks? Great video!

[@ProudMoney]

Yes although honestly i can't think of one right now. There used to be a Walmart Discover Card.

[@jeffg8327]

In Asia MasterCard is used not all places take visa

[@DarthRaider]

That's why you get atleast one of each. I have 2 amex, 3 visa, 1 MasterCard , 1 discover

[@Robertganca]

Costco in Canada only accepts MasterCard.

[@yssa484]

Costco accepts Mastercard but for DEBIT transactions only NOT for CREDIT

[@jorgepadilla3459]

yes that's right

[@lorimast]

So it's not Mastercard they are accepting, it's the debit card.

[@turbofox1980]

Walmart in Canada doesn’t accept visa. That pretty much helped my decision.

[@LegendTheAnonymous]

I feel like MasterCard has gained market share at the cost of Visa in Europe. But I hear Visa is used more in places like Latin America. Personally I somehow prefer Visa, not really sure why.

[@abel.morelos]

Informative! FYI for those curious, Costco online accepts all networks: Visa, MasterCard, Discover and Amex.

[@WordDefinition]

You’re awesome. Can you give me your link of best, good, worst business credit companies. I would like to apply

[@MXALOVE]

Basically think of it like this: Visa is the main protagonist, Mastercard is like the rival character who is just as strong but with less plot armor.

[@Pinnaclesuccessgroup]

A big difference is that MC can be used on purchases outside of the US. Many merchants outside of the US, because VISA has more regulations, don't take VISA.

[@shaf3006]

In Asia VISA are accepted everywhere and it's common card , debit and credit, I used to have MC and Amex that I have cal as not many merchants accept it especially Amex

[@J03AMG]

Great video. Do you think in the near future Chase will come out with a flat rate 2% cash back card (similar to Citi double cash)? Not too interested in rotating categories with the Freedom nor Fidelity.

[@ProudMoney]

I don't see Chase doing anything new until it is more clear how the economy is going to shake out post- coronavirus.

[@kingkiro4]

Why is it that I can make mortgage and commercial rental payments with MasterCard and discover but not amex or Visa

[@LiLsIcKViDeOs]

Imagine visa or Mastercard said forget offering anyone are infrastructure let's make our own card. Wouldn't people be force to use there credit card? I don't think banks are set up to process that many cards.

[@Mousirelen]

Choc full of clear info.

[@ProudMoney]

Chocolate full, i like it. 😂

[@Mousirelen]

@@ProudMoney actually i wrote choc full. But this cellphone many times alter or adjust what I wrote and I did not catch it. Darn technology!

[@ProudMoney]

That is what I figured, just messing with you 😀

[@roelsvideosandstuffs1513]

Though I have a hard time getting a capital one

[@craigangell7129]

I have cards with three other networks with up to to an $8000 limit, Yeah I have tried to apply for a visa in a number of different networks and have been unable to obtain even a beginning limit credit approval

[@lisacastano1064]

Get a capital one platinum and after a few months do a product change to quicksilver

[@sethlaburda308]

Or get a secured credit card 💳 if thaTs the problem

[@pursedelighted9020]

Try merrick bank visa I like.the card

[@antoinegeorge4287]

@@pursedelighted9020 to many fees

[@bionicwoman9884]

Nice video. I have both lol.

[@frankeinstein719]

In Canada, it's the reverse. Costco does not accept VISA.

[@jermirewoodfork4298]

Kroger.

[@jermirewoodfork4298]

Phone.

[@jermirewoodfork4298]

10am

[@pursedelighted9020]

I do think visa is more difficult to get.most of my cards mastercard

[@stephencsoma564]

I have a Visa Signature, Mastercard World Elite, 2 AMEX, and a Discover. Who is better you ask? The one that is giving me the best options for rewards. They both do the same thing. Process payments so you can spend the banks money so they can make money. Some Visa cards are absolute trash. While some Mastercards are pretty awesome. Ironically I got my Mastercard through Chase who is a predominantly Visa. They all do the same thing research and pick the one that will work for you.

[@plasterofparisify]

But but AMEX and Discover have way better perks.

[@bionicwoman9884]

They also are not accepted everywhere.

[@jameson1761]

@@bionicwoman9884 exactly lol

[@elliotsmith1670]

I prefer MasterCard as it seems to be more secure, and has better key benefits. The two different cards that I've had breached were both Visas. I'm sure its a coincidence, but still is something to note. One of them was a Chase Card and the other was bank's debit card. As a side note, Cap One just upgraded my Venture One to Visa Signature from a Platinum, which will give me access to additional benefits using that product at least.

[@danielcrotty8697]

I am really interested in getting the Cap1 Savor One card. I want the signup bonus, the 3% on dining, and I specifically want a MasterCard World Elite card for the cell phone insurance that MasterCard added this year. I’ll take earning less rewards in my cell phone bill for that insurance because I do not pay to insure my phone.

[@sethlaburda308]

Do visa and master card use different credit bureaus? Equifax transunion experian?

[@jollama]

Legend has it, he’s still waiting for an answer

[@pedromiranda7346]

@@jollama Lmaoooooo

[@workoutbeast1947]

Hahaha

[@whothou]

credit bureaus are tied to the credit card lenders not the networks... visa/MasterCard/etc just handle the backend transaction that's it to verify that card is indeed one of theirs.

[@frankrizoli8620]

Please clarify. Yiu were talking about costco mentuoned that you needed a visa, though you flipped right over and said Mastercard. Which is it?

[@ProudMoney]

It is Visa, I put a message in text on the video that i misspoke about Mastercard. Costco stores only accept Visa.

[@sethlaburda308]

I caught that also... it was a screw up... he didn't mean to say m card

[@jermirewoodfork4298]

Visa

[@jermirewoodfork4298]

Proud family.

[@rickzuron5153]

I like visa !

[@allisbookishadventures8260]

So I noticed my quicksilver for Capital One is a Visa card. I know you said Capital One uses mostly MasterCard for most of their processing. What made them use visa for that card instead?

[@ProudMoney]

Hard to say, likely they have different internal teams working on individual cards and they decide on a per-card basis. Most issuers do have a mix of Visa and Mastercard, sometimes they even offer Visa or Mastercard as a choice to new applicants, though i do not see that much anymore.

[@jorgepadilla3459]

they have two different cards the quicksilver that has an annual fee is for ppl rebuilding credit or no credit at all that has the mastercard logo, the quicksilver with the visa logo is offered to cardholders with better credit

[@firelordsozin3677]

That’s weird....my quicksilver is a MasterCard.

[@jorgepadilla3459]

Francisco Heredia mine too and it has an annual fee, does your card has an annual fee??

[@wesleyorrin7957]

Jorge Padilla The Quicksilver One card is a mastercard. It has much lower requirements. The fee for that card is $39. The Quicksilver card is a visa card. It has no fee. The underwriting for that card is much higher.

[@Szari124]

I always thought visa was the most common

[@sydguitar99]

I see a lot of low end and subprime credit cards using Mastercard

[@stephencsoma564]

This is true because MC gives them a better deal. A lot of credit unions use MC too. Even for the high end World Elite cards the fees are cheaper than the high end Visa Infinite. They all do the same thing in the end.

[@912alldaylong]

Opensky and credit one are Visa, yikes

[@ibraheemal-kabshi6879]

Hello there, That was definitely a helpful video. I applied for a MasterCard 2 days ago and the Bank Employee told me it will reach in 20 days max. I applied for Classic One because it fulfill my needs. He told me that I will only have to pay $5 a year for the classic version. Do you think it's true or I might have to pay more ?

[@gofman1109]

Most important thing is MasterCard not being accepted at Costco so why to carry it

[@stevenmiller7747]

Most people don’t shop at Costco so who cares?

[@jesussalomon3598]

Visa gang 🤌

[@Mocha4Man]

👏🏾👏🏾👏🏾

[@johnnieblaze6144]

💯🔥🔥🔥👍🏾

[@ClosedEyeVisualisations]

Im only watching this because paypal is holding my wallet ransom, apparently they dont transfer money via master card, so i cant get my money. Cool. So i have to get a visa card now? If so fuck paypal that will be the last time i ever use them.

[@SonicBoomC98]

What about bank account or debit card

[@stephenlacher587]

Low level, low life stores like Cosco are going to have get humble. All the POS holes will be replaced by digital stores.

[@MoneyMixx]

This is why Blockchain is important.