Newest Review: ... the actual financial transactions that occur with their debit and credit cards. Visa is merely a branding on a card that is issued to var... more
Most accepted credit card in the world
Member Name: apexdvc
Advantages: accepted everywhere
I own about 7 credit cards and 5 of those 7 are Visa cards. I didn't plan on it being that way, but it is the fact that Visa is so widely distributed and accepted in the world that more times than not someone will have a Visa for their credit card.
The funny thing that most people probably don't realize is that Visa as a company isn't involved in any of the actual financial transactions that occur with their debit and credit cards. Visa is merely a branding on a card that is issued to various banks and financial companies that wish to use credit and debit cards for their customers transactions. So they are basically the facilitator that allows people to make the purchases they make.
The reason why so many banks and people use Visa branded cards is because they have done a great job at getting merchants and banks to trust that if Visa has entered into a contract with a bank that issues their card, then that transaction will be fully legitimate. Because of this Visa has roughly 50% of the total market share in the credit card industry.
What does this mean for you the consumer? It means that if you have a Visa card, then you will be able to make purchases in over 50% of all businesses on Earth, which is definitely a nice option to have when you want to have the convenience of not carrying cash.
Summary: Visa a must have for any purchases you wish to make.
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