Major credit card brands

Are you familiar with the major credit card brands? Read our article and find out!

Have you noticed that your card comes with a special logo? Usually, it's Visa or Mastercard.

However, there are other options that are not yet as well known, but are becoming increasingly popular and gaining market share.

 In today's article we will learn what the major credit card brands.

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What is a credit card flag?

The card's network logo corresponds to the company responsible for processing card transactions. 

Therefore, it is the card's brand that determines which payment terminal it will be accepted at the time of purchase.

It is at this point that she communicates with the card issuer to validate the transaction. 

For example, if you try to use your Elo credit card on a machine that doesn't have an agreement with or isn't registered with the card issuer, your purchase will be rejected.

In reality, it won't come to that, because the merchant already knows basically which card brands are accepted on their machine, so they usually indicate this or leave a sign with the logos of the accepted brands.

The card network (or card brand) guarantees the correct functioning of your card, but if you have a card without a network affiliation, you don't need to get rid of it; it also works correctly.

However, it is a store or prepaid card, although there are many branded prepaid cards.

In this case, the card issuer is responsible for any problems you may have with the card. They are issued in the name of the establishment.

Speaking of which, card issuers or administrators are banks, or financial institutions.

What is it for? 

The card network acts directly between the bank and the payment terminal. It processes the purchase information, such as the amount and installments, and validates the transaction.

The card network, payment terminal, and financial institution communicate with each other to make your purchase happen and be accepted.

Now, get to know the major credit card brands from Brazil.

Major credit card brands: Visa

This is one of the largest credit card brands in the world. It is accepted in approximately 200 countries. 

Even though it's slightly behind Mastercard in terms of expansion, it's a favorite and has more cards issued under that brand.

Without a doubt, one of the major credit card brands. It stands out for its range of services and benefits.

Among them, we find the benefits program. Go with Visa. Regarding cards, it is available for debit, credit, and prepaid.

Click here and learn about Visa and Request a card if you wish.

Major credit card brands: MasterCard 

Mastercard is the world's largest credit card brand, present in approximately 210 countries, and excels in international card offerings.

It also has a rewards program, Mastercard Surpreenda, which also makes it a favorite among Brazilians.

Speaking of which, many people own credit cards but don't take advantage of the benefits and advantages they offer.

Therefore, if you are one of them, visit your card's website and learn about the benefits.

Link

Elo is also among the major credit card brands From Brazil. In fact, it is the first Brazilian 100% card brand.

It doesn't lag behind the top options in quality, benefits, and advantages. It's no wonder it has grown so much in recent months and is becoming increasingly popular among Brazilians.

To see all the advantages it offers, click here. here.

In addition to the options mentioned above, four other flags are also included in the list of major credit card brands, They are:

• Hipercard;
• Diners Club;
• Discover Network;
• American Express.

Be sure to check out Woop Sicredi

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*Source of Research: https://www.sicredi.com.br/home/