MasterCard vs Visa Card

Mastercard vs. Visa: Understanding the Differences and Making the Right Choice

Understanding the differences between a Mastercard vs Visa Card will help you choose the right credit or debit card. These are basically the payment networks through which issuers can complete their payments.

So why is it important to understand their differences? It’s because both these networks have unique features and benefits that elevate your experience while making day-to-day payments. They also come with specific travel benefits, emergency services, insurance, and more. 

Here is a rundown of what MasterCard and Visa have to offer and their key differences. 

Overview of Visa and MasterCard

Both of these are two of the top payment networks operating in India and they are similar to the Indian payment gateway, Rupay. So, they help financial institutions facilitate cashless payments. An important thing you should know about them is that they don’t issue any cards. 

Rather, they partner with financial institutions offering credit or debit cards. This is why your credit card’s benefits don’t depend significantly on your network partner but on the issuer and the card you select. 

That said, there are minimal distinctions between them, which impact the perks you can enjoy with your card. 

Key Differences Between MasterCard and Visa Card

When comparing MasterCard vs Visa Card, you need to consider three parameters: emergency services, travel perks and insurance protection. Based on these three, choosing the right option can be simpler. 

Emergency Services 

If you are facing an unexpected crisis, your credit card or debit card can provide you with the required assistance. Here are the emergency services you can access, depending on the payment network of your card. 

Emergency Services Offered MasterCard  Visa 
Cash advance Available  Available 
Card replacement Available  Available 
Roadside dispatch Available  Not available 
Stolen or lost card reporting  Available  Available 
Travel assistance services Available  Available 

Travel Benefits

Many people opt for credit cards to enjoy travel perks such as lower forex markup, discounts on dining, deals on flight and hotel booking, and more. In addition, there are some exclusive benefits you can enjoy courtesy of your card’s payment network. Here’s an overview: 

MasterCard Visa
Airport Concierge Cardholder inquiry services
Exclusive offers Discounts and perks at over 900 Visa Signature Luxury Hotel Collection properties 
Guarantee hotel stays at the lowest rates  Global Entry statement credit
MasterCard Golf Concierge Invite to Sonoma County winery events
MasterCard luxury hotels and resorts portfolio properties at over 3,000 global locations  Priority Pass lounge access and Visa Signature Concierge
No-cost professional travel services Rental automobile privileges
Priceless Experiences Travel safety and emergency support

Purchase Protection and Insurance

Here are all the exclusive insurance and liability benefits offered by Visa and MasterCard.

MasterCard Visa
Cell phone protection Airline incidental coverage 
MasterCard ID theft protection Cell phone protection
Zero liability protection Emergency evacuation
Extended warranty coverage
Hotel theft protection
Medical and dental emergency assistance 
Price protection
Purchase security
Reimbursement on lost luggage, trip delay, and baggage delay 
Reimbursement on trip cancellation or interruptions
Return protection
Zero-liability policy

Visa vs. MasterCard: Which One Should You Choose?

You can review the different types of services and perks offered by both and choose one that aligns with what you need. However, you also need to remember that Visa and MasterCard classify their credit cards according to the level system that affects the benefits you can enjoy. So, you don’t enjoy all the benefits with all the cards.

The MasterCard network divides credit cards into three levels:

  • Standard 
  • World
  • World Elite

Here, the Standard MasterCard credit card gives you the basic advantages, but World and World Elite offer better privileges. This is because the latter is specifically designed for travel and global usage. 

That said, its perks include 24/7 multilingual emergency, concierge services at the airport and golf course, ticket arrangements, special luxury dining and hotel offers, and more. 

Similarly, Visa classifies cards into a three-tier structure: 

  • Visa Traditional 
  • Visa Infinite 
  • Visa Signature

The Infinite and Signature Visa cards have some additional perks over Visa Traditional. However, irrespective of this hierarchy, the variation in benefits among them is nominal. 

Remember that your card type and issuer have a more significant impact on the benefits you can enjoy. If you need a credit card with several outstanding benefits, then look no further than One Credit Card. 

With this instant credit card, you can enjoy 5X rewards on your two spending categories, ensuring you save more on your bigger expenses. These rewards have no expiration date, and you need not pay any redemption charges. So, you can accumulate them and use them for statement credit, discounts, offers, and more.

This is also a lifetime-free credit card without any annual or joining fee. What’s more, you can activate this card in just 5 minutes, giving you access to credit instantly. To enjoy all these benefits and more, apply online for this instant credit card. 

Author: Neha

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