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The difference between the three biggest credit card providers and why I love mine
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The difference between the three biggest credit card providers and why I love mine

Wilko van de Kamp's avatar
Wilko van de Kamp
Mar 27, 2019
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Living by Experience
Living by Experience
The difference between the three biggest credit card providers and why I love mine
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They say I’m unusually loyal when it comes to credit card providers. When Costco stopped accepting American Express cards, I actually cancelled my Costco membership (you can read about that here). Friends often laugh at me when we go out for dinner or drinks and I throw my Amex card on the table at the end of the night, while they’re struggling with their Visa debit or, even worse, cash. Laugh all you want – but be sure to read this article and then decide…

If you have a credit card in your wallet, chances are it has a VISA or MasterCard logo on it. What’s the difference? MasterCard and VISA rely on partnerships from different banks in the world. They don’t issue any card of their own – it’s all through their partner banks. VISA and MasterCard simply sell their payment methods, not their cards. MasterCard and VISA charge their partners, the banks, a fee for using their payment system. That’s how they make money. And they do it well – their payments systems are used by thousands of bank…

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