Visa or Mastercard
People often wonder what the difference is between a Visa card and a MasterCard.
Visa and MasterCard are both payment systems, not credit cards in themselves; in other words they are the name of global companies who manage credit cards. They both rely on banks around the world to issue cards that use their payment system.
From this the banks take a % of the amount charged to retailers to take payments via these cards. In return the retailers get a certain degree of assurance that the goods / services they have sold will be paid for. There are no significant differences between the two. Tesco offers a MasterCard for the Clubcard credit card and the choice of a Visa or MasterCard for the Bonus credit card.
