--------------------------------------------------------------- Summary
The credit card logos
you see are consortiums that work with individual
banks. For instance, a specific bank could
offer a Mastercard and a Visa.
Some
Credit Card Options
American
Express
Also known as AMEX, American Express was
founded in 1850. The company is best known
for its credit card, charge card, and traveler's
cheque businesses. Approximately 24% of
all card purchases in the US are on Amex
cards, the highest of any card issuer. American
Express owns credit cards and charge accounts. http://www.americanexpress.com
Discover
Card
Most cards with the Discover brand are issued
by Discover Bank. In 2006 the company announced
that it would begin offering Discover Debit
cards to banks. http://www.discover.com/
Mastercard
MasterCard is a multinational corporation
based in New York. Throughout the world,
its principal business is to process payments
between the banks of merchants and the banks
of purchasers that use its "MasterCard"
brand debit and credit cards to make purchases.
MasterCard Worldwide has been a publicly
traded company since 2006. Prior to its
initial public offering, MasterCard Worldwide
was a membership organization owned by the
25,000+ financial institutions that issue
its card. http://www.mastercard.com/
Visa
Visa Incorporated is a multinational corporation
based in San Francisco, California. The
company operates the world's largest retail
electronic payment network, managing payments
among financial institutions, merchants,
consumers, businesses and government entities.
Before Visa Inc's IPO in early 2008, it
was operated as a cooperative of some 21,000
financial institutions that issued and marketed
Visa products including credit and debit
cards.
In 2006, according to The Nilson Report,
Visa held 44% of the credit card market
share and 48% of the debit card market share
in the United States. http://www.corporate.visa.com/
In
Brief
There are several lenders
that offer credit cards. Some credit cards are
prepaid and others involve unsecured balances
These are just some
credit card companies. We'll continue to add and
with your help we can place reviews on them