Answer #1

American Express and Visa are some of the world renowned credit card companies. Both companies offer a vast range of benefits in their overall package, aside from simply issuing credit cards. Usually, we are left with indecision as we try to find out the most suitable credit card company. This indecision is not assisted by numerous advertisements from either credit card company. Clear any indecision by reading this article.

Visa was issued by the Bank of America like a beneficial revolving balance card. However, in 1976, the card was renamed as Visa and a new company was formed. In comparison, American Express has a longer history that dates to 1850. At first, the corporation was majorly involved in delivery services. However, in recent years, American Express Company introduced monetary services, whilst slowing phasing out its earlier delivery services. The first American Express credit card was introduced in 1958.

Whereas both Visa and also American Express are in the business of issuing credit cards, the former is much more involved in payment processing as compared to the latter, which focuses on card issuing. In effect, it simply comes down to choice when users are selecting the card to purchase. Nevertheless, common things that consumers can look for include benefits and fees that come with the cards.

There is normally a yearly fee associated with American Express credit cards. In contrast, Visa normally comes with no yearly fees. Additionally, American Express does offer the benefit of cash back on all purchases that reach 5%, whereas Visa hardly ever provides cash backs. Instead, Visa offers rewards using other forms such as merchandise.
Finally, American Express cards are limited to western nations only. In contrast, Visa is widely accepted all over the globe. This fact makes it useful to have Visa cards on worldwide travels so as to limit the chances of rejection.

Answered By: daniel [554 ]