What's the difference between "MasterCard" and "VISA" of China Merchants Bank's credit card?

The difference between VISA and MasterCard is reflected in the following aspects:

VISA and MasterCard represent two international credit card alliances respectively. They have established a global alliance for credit card consumption. After domestic banks cooperate with them, credit cards issued by domestic banks can be swiped within the alliance. When you apply for a credit card, you can choose to apply for a VISA or Mastercard credit card.

VISA accepts a large number of merchants in Asia and Australia, making it more convenient to use. The advantages of MasterCard lie in Europe and North America. Friends who often go to Europe and America can choose MasterCard.

The cost of overseas card replacement is different. Once the card is accidentally lost abroad, the cardholder can ask one of the two institutions to report the loss and reissue it in a short time, but the charging standards of the two institutions are different. At present, the charging standards are: Visa: 175 USD/card, MasterCard: 148 USD/card.

VISA: the largest credit card and traveler's check organization in the world. The predecessor of Visa International Organization is the American Bank Credit Card Company founded in 1900. 1974, the Bank of America Credit Card Company established an international credit card service company in cooperation with commercial banks in some western countries. 1977 officially changed into a VISA international organization and became a global credit card joint organization. VISA international organization itself does not issue cards directly. Visa brand credit cards are issued by members (mainly banks) participating in Visa international organizations.

Master: The second largest international credit card organization in the world. 1966, some banks in California set up a bank card association. 1970 launched the name and logo of Master Charge, which unified the name and design of credit cards issued by member banks. 1978 changed its name to the current MasterCard again. Mastercard international itself does not issue cards directly. MasterCard brand credit cards are issued by members of financial institutions participating in mastercard international.