Basic Information on Visa Credit Cards

Visa is globally recognized for processing credit card transactions.

Visa itself does not issue credit cards, but simply manages the Visa network. Instead, Visa partners with banking institutions that lend credit and allows the banks to produce credit cards for their customers.

Types

Visa offers different types of accounts to suit various customer needs. These include corporate, merchant, individual and government accounts.

Interest Rates

Banks that work with Visa offer both fixed and variable interest rates depending on the status and nature of a customer's or business's credit.

Benefits

Visa card holders are not responsible for unauthorized purchases made on their card, get to waive most rental car collision insurance requirements and can get their cards replaced in an emergency.

Global

Visa card usage is not restricted to the United States; the card can be used for purchases with credit or for getting cash advances anywhere the Visa logo is accepted in over 200 countries and territories worldwide.

Warnings

Banks that issue Visa credit cards may charge annual fees and fees for cash advances. If you are late paying your bill, then late fees can be applied. Likewise, if the card goes over the credit limit, then an over limit fee may apply.

References

• Visa.com: Visa Inc. Corporate Overview
• Visa.com: Credit Products and Services