Should I get a Visa or Mastercard?

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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Should I get a Visa or Mastercard?

Postby Regnohspf » Thu Apr 05, 2012 10:26 am

So i just had a few questions that I could use some insight on

I just got instant approved for a $350 Chase Freedom promotion and I currently have a Visa CC but was wondering would it be better to get a Mastercard since i already have 1 visa

Does it make a difference to have one or the other?

Does it look better on your credit report to have CC's from multiple credit card companies?

Is Mastercard widely accepted just like Visa?

Sorry i'm a noob to Mastercard.
Wells Fargo Student Credit Card Visa - $1300 (February 2011)
American Express Zync Charge Card (February 2012)
Chase Freedom Visa- $2000 5% rotating (April 2012)
Citi Forward Visa- $3000 - 5x at restaurants, (April 2012)
Chase Sapphire Preferred Mastercard World Elite - $5000 (July 2012)

Credit cards left to attain

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Postby bisbicos » Thu Apr 05, 2012 11:54 am

I've heard its good to diversify your CC collection. Try to have one from each major company. Ie, a MasterCard, Visa, Amex, and Discover

As to is MasterCard as widely accepted as Visa. I would say yes it is. I never have trouble using my Visa/MC. Discover and Amex are a different story though
Credit Cards
American Express: Fidelity Rewards (2% cash back) 9.5k
Discover: Discover More (5% rotating categories) 12k
Mastercard: Chase Freedom (5% rotating categories) 4.6k
Visa: Citi Forward (5x pts on restaurants) 15.7k
Citi Dividend (5% rotating categories) 5.6
Capital One Journey (1.25% cash back) 1.25k
BofA AAA (5% on gas) 2.5k
PenFed Platinum Rewards (5% on gas 3% groceries) 7.5k

Future Cards
US Bank Cash +
Chase Ink

CC Deville
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Postby CC Deville » Thu Apr 05, 2012 5:26 pm

Either way it does not matter. Banks and finance companies will not look carefully enough to see if your trade line is a Visa or a MasterCard. It simply looks like a revolving bankcard trade line. Get the card(s) that work best for you, keep them under their credit line and always pay on time and you won't have any issues.

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