Why did Capital One switch cards to Visa?

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agentv
 
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Joined: Sun Aug 05, 2012 2:59 pm
Location: San Diego, CA

Why did Capital One switch cards to Visa?

Postby agentv » Sun Aug 05, 2012 3:09 pm

When I applied for the Capital One Cash Rewards card a few months ago, there were two types. One for 'Excellent Credit' and one for 'Average Credit' with bother lenders being a Mastercard. I applied and was approved for the 'Excellent Credit' version. One of the main differences is the 'Excellent Credit' version has no annual fee.

Now after owning it for a while, I explored the Capital One site and now the Capital One Cash Rewards card for people with 'Excellent Credit' is a Visa Signature lender while the 'Average Credit' is still a Mastercard.

My question is, is there a reason why the 'Excellent Credit' version was switched from a Mastercard to a Visa Signature? Would that qualify my card as the 'World Mastercard' equivalent?


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