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Payments Insight

Difference Between Visa and Mastercard

Roshani Ballal Posted on January 16, 2026

Visa and Mastercard are two of the world’s largest payment networks. Given how their revenue structure and presence are, they're quite similar in how they work. Hence,you need not worry too much about which of these to choose.

However, it’s best to be informed so you can make smart financial decisions. Most often, the difference between Mastercard and Visa credit cards is not because of the payment network but because of the card companies and their policies. These issuers sometimes offer different kinds of features, benefits, fees, charges, etc. based on whether you opt for the Mastercard variant or the Visa variant.

Key Differences Between Visa Cards and MasterCards

Here are some of the key differences between MasterCard and Visa that you need to know:

Particulars	Visa Card	MasterCard
Service Fees	You are charged an amount based on the card volume.	You are charged an amount based on the percentage of the global dollar volume.
Transactions	Cards in circulation and purchase volume are larger	Cards in circulation and purchase volume are lesser
Payment Network	Uses Visa payWave	Uses PayPass

Should You Choose a Visa or a MasterCard?

However, one of the biggest differences between a Visa and MasterCard is seen in distinct credit card offers.

You should browse through the available offers to decide whether a MasterCard or a Visa has deals better suited to your needs, and should make a choice accordingly.

Now that you know about the essential difference between Visa and MasterCard, visit the Bajaj Markets website/app and choose from the finest Visa credit cards and MasterCard credit cards from top brands.

The process for checking your offer and applying for a credit card on Bajaj Markets is completely paperless and hassle-free. Apply online to find the best credit card for yourself!

Frequently Asked Questions

Do I need both Visa and Mastercard cards?

Well, there’s no one-size-fits-all answer to this as your credit card payment network choice should ideally depend on your credit card usage.everybody’s spending and usage patterns are different. So, it’s best to take account of your usage and choose a network accordingly.

Which one is better: Visa or Mastercard?

Visa and Mastercard are both great payment networks providing world-class services. It’s always a good idea to analyse your spending habits and the features offered by both networks before choosing one that suits your needs best.

Are Visa and Mastercard credit cards globally accepted?

Yes, both Visa and Mastercard credit cards are internationally recognised and accepted. This makes the cards convenient and accessible payment options while travelling.

Hi! I’m Roshani Ballal

Financial Content Specialist

Roshani has over 6 years of experience and has honed her skills in performance content marketing in the financial domain. She loves diving into research and has crafted and overviewed creative copies, long-form financial content, engaging blogs, and informative articles. She specialises in delivering user-oriented content and solving problems through various content formats. On the side, Roshani enjoys writing poems-that's how she stays creative when she is not crunching numbers.

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