Overview of International Credit Cards
International credit cards are cards issued by members (banks) of international payment organizations. The cards can be used to sign accounts at the organization’s designated merchants. As we all know, the three major international payment organizations are VISA, MasterCard, and JCB. Among them, VISA has the highest market share, followed by MasterCard and JCB. JCB is very useful in Japan, but not necessarily in other places. Although JCB is also an international card, some online shopping platforms do not accept JCB payments.
International credit cards usually use US dollars as the settlement currency, and they can be overdrawn (consume first and repay later). The more common international credit card brands in the world are mainly VISA, MasterCard, etc. Major domestic commercial banks have also launched international credit card business, and users can easily go through the credit card application procedures at the bank counter. In addition, there is no interest on deposits in international credit cards.
2. Types of international credit cards
1) VISA
VISA is a global payment technology company that connects consumers, businesses, financial institutions and governments in more than 200 countries and regions around the world to promote people to use digital currencies more conveniently. VISA owns and manages the VISA brand and all payment products based on the VISA brand. VISA brand cards.
At the same time, as the credit card with the highest market share in the world, VISA cards can be accepted at more than 29 million merchants around the world and provide cash withdrawal services at 1.8 million ATMs, which is extremely convenient to use.
There are more than 1.85 billion VISA cards in circulation around the world, which is enough to prove that VISA is the most popular payment brand. VISA provides a wide variety of credit and debit products to meet people’s various payment and life needs.
2) MasterCard
Currently, MasterCard is a household name around the world. However, 30 years ago it was only a domestic card in the United States. It is well-known because MasterCard International has always been committed to serving cardholders and providing cardholders with the latest and most complete payment services, so it is recognized by cardholders all over the world.
3) American Express
American Express (AMEX) is one of the most recognizable credit cards in the world. Since its launch in 1958, it has been issued in 68 countries and regions in 49 currencies by the end of 2017, building the world’s largest self-contained network of franchised merchants and having more than 60 million high-quality cardholders.
4) Domestic specialty credit cards