Is MasterCard better than Visa?


Quick Answer

According to NerdWallet Finance, Visa has two significant advantages over MasterCard: it generally offers return protection more extensively and features superior loss of use coverage with respect to insurance on car rentals. Otherwise, Visa and MasterCard generally offer consumers similar experiences.

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Full Answer

NerdWallet Finance notes that neither Visa nor MasterCard actually issue any credit cards; they are both payment networks that are responsible only for processing transactions between a consumer's bank and the point of purchase. The difference between the two lies mostly in the perks each network offers. These special features include fraud protection, purchase protection and travel insurance. The choice of payment network does not affect matters such as rewards programs and interest rates.

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