Which is better Visa or Mastercard in the Philippines?
In the Philippines, there's simply no clear winner. None is superior over the other. The better credit card network depends on the kind of benefits or services you want to get. In short, the difference between Visa and Mastercard doesn't matter.
For most people, it doesn't really matter whether they get a VISA or a MasterCard. Both are equally secure and offer similar benefits. While VISA has a slightly higher market share and greater amount of transactions worldwide, both VISA and MasterCard are equally well-accepted by merchants.
Mastercard credit cards are accepted at 37 million merchant locations in more than 210 countries and territories. Mastercard is accepted in more countries than Visa, yet roughly 7 million more merchants worldwide take Visa. Both have a claim to the title of most widely accepted credit card as a result.
MILLIONS of people have had their Visa debit cards replaced by Mastercards amid an industry war against the payment giant. Customers of Santander and First Direct have been sent replacement Mastercard debit cards to use with their current account, and NatWest is soon to follow.
The only real difference that stands between Visa and Mastercard is that your card works on the payment network that the company operates. A Visa card won't work on Mastercard's network, and vice versa. Ultimately, any other differences in cards come from the specific card you have.
- Zero liability protection. ...
- Mastercard Global Service. ...
- Mastercard ID Theft Protection. ...
- Priceless experiences. ...
- ShopRunner membership. ...
- Priceless Golf. ...
- Complimentary professional travel services. ...
- Mastercard hotel stay guarantee.
- Best no-annual-fee Visa card: Chase Freedom Flex℠
- Best cash-back Visa card: Alliant Cashback Visa® Signature Credit Card.
- Best travel Visa card: Chase Sapphire Reserve®
- Best balance transfer Visa card: U.S. Bank Visa® Platinum Card.
- Best student Visa card: Journey Student Rewards from Capital One.
Most Widely Accepted in the U.S.: Visa and Mastercard are both accepted at a little less than 11 million U.S. merchant locations. Least Widely Accepted Internationally: American Express (160+ countries and territories); Discover (185+).
As illustrated, both in the U.S. and worldwide, Visa and Mastercard are the most accepted credit card issuers worldwide, with Discover close behind and Amex trailing significantly behind.
Credit Card | Monthly Interest Rate | Minimum Monthly Income |
---|---|---|
Eastwest Bank Platinum Mastercard | 2.75% | P1,200,000 |
Bank of Commerce Platinum Mastercard | 2.95% | P1,200,000 |
BPI Family Credit Card | 3.00% | P180,000 |
Maybank Platinum Visa or Mastercard | 3.00% | P600,000 |
Is Mastercard accepted in Philippines?
MasterCard and Visa are the most accepted credit cards in the Philippines.
Prepaid Card | Type | Cost |
---|---|---|
UCPB Visa eMoney Card | Visa | 100 |
RCBC MyWallet Visa Prepaid Card | Visa | 150 |
Ceb GetGo Prepaid Card | Visa | 150 |
BPI ePay Mastercard | Mastercard | 150 |