Both VISA and MasterCard are very big corporations and have similar statistics in terms of no. of users, cards deployed and the no.of merchants where they are accepted.
|Headquarters||California, USA||New York, USA|
|Revenue (Billion USD)||15.08||10.77|
|No. Of Merchants||~40 million||~40 million|
|Payment Network||Visa / MasterCard|
|Credit / Lending||Banks|
|Offers and Discounts||Banks|
|Risk of Non-Payment||Banks|
|Interest Rate (APR)||Banks|
Your decision on which credit card to get should depend on what features and rewards the Credit Card issuer is giving you and not too much on the choice of VISA and MasterCard. Both of them have the same type of cards, both run on the same type of machines and both have the same limitations: they need to be a physical card and you need to wait for this card to be made for you.
Be prepared to wait 3–4 weeks though, because most traditional Banks, rely on a lot of paperwork to process your application. They will ask you to submit at-least 5 Documents with self-attested hard copies, then you wait for the physical card to arrive by courier and then the PIN arrives separately. Its a very old process and they haven't fully adapted to technology.
This is why we created GalaxyCard. GalaxyCard gives you a credit card in just 3 minutes. GalaxyCard is faster, secure and doesn't need to be swiped anywhere. Just Tap and Pay. Sign up now to get an Instant Credit limit of Rs. 10,000