Visa Card vs. MasterCard vs American Express – Which is the best?

By | July 30, 2018
As the credit card associations of the card. Whether it’s a visa, MasterCard, or American Express card. Is any of these better than others? Do they offer different types of benefits? Is there any difference between all 3? Visa Card vs. MasterCard vs American Express – Which is the best??

Visa Card vs. MasterCard vs American Express - Which is the best?

Payment Bank vs. Payment Network

First of all, it is necessary to make a significant difference between the payment network and the issuer of a credit card (usually a bank).

Visa, MasterCard and American Express are payout networks. They maintain the global network of merchants who accept their payment type and control all the technical back and stuff that come with it, such as transmitting data and authorising movement of money.

Visas and MasterCard do not issue credit cards or even handle the accounts of merchants or card holders. They just ensure that the card network is maintained well so that consumers like us can easily make transactions.

To receive a Visa or MasterCard credit or debit card, you will have to go through a bank or any other institution. For example, you have to get DBS VISA debit card from DBS and UOB PRVI Miles MasterCard from UOB. In some cases, you can also get a credit card from a non-financial institution – e.g. M1 prepaid master card.

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Visa vs. MasterCard 

Generally you will not have any problem with acceptance and use. Most brick-mortar retailers who accept credit cards will accept both Visa and MasterCard.

Both companies have a contact less payment system – Visa payWave and MasterCard without contact (formerly PayPal) – which are widely implemented in Singapore.


For at least local use, the key difference between Visa and MasterCard is in their advantage.

Most credit cards are set up by profit-making banks, but MasterCard offers more pay-per-network-wide publicity. This means that as long as you have a MasterCard, you can enjoy the promotion – no matter what bank you have got or whether it is a debit or a credit card.

But that does not mean there is no publicity for Visa card holders! On the contrary, this means that Visas come from the issuing of prizes, discounts and publicity, which are also beautiful on the ball.

Consumer Protection

As the major global credit card companies, Visa and MasterCard are equally safe to use.

They also have payment platforms that allow you to secure online transactions online – but you have to choose them. Visa checkout is a payment platform for online retailers by processing sensitive data without “seeing” your credit card details, while MasterCard has the same Masterpass to reduce the risk of online fraud.

Some U.S. sources also mention extended warranty and / or price matching – but the jury is out of the question whether these consumer protection measures are available. If so, it seems that they are offered only at higher credit card levels.

Foreign Use

Should you get a visa or MasterCard on your next visit? Again, there is not much to separate the two in this regard. Both Visa and MasterCard have increased the global ATM network.

Conclusion: Which is the best?

In terms of local acceptance, profit and consumer protection (or lack of it) there really is no difference between the two veterans, Visa and MasterCard.

Instead, this is a bank that talks about Visa and MasterCard. Depending on the benefits provided by the bank, select the credit card – whatever credit card company you go for, you are fine.


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