Compare Mastercard credit cards
If you've got your heart set on a Mastercard credit card, our guide can help you find the right one.
Mastercard provides the technology and network required for processing credit card payments. When you buy something with a Mastercard credit card, the transaction will be processed on Mastercard’s network.
Visa and Mastercard are the largest card processors in the world, and their cards are accepted at millions of shops and other providers all over the globe. Broadly speaking, if a merchant takes credit card payments, they take Mastercard.
Compare Mastercard credit cards by type
How can I compare Mastercard credit cards?
The history of Mastercard
Mastercard credit cards were originally developed in the US in 1966. This was during the early days of modern credit and charge cards, and there was a huge demand for products that could be used to make payments at a wide range of businesses. This led to the formation of the Interbank Card Association (ICA) and the MasterCharge card.
The Mastercard brand officially came into effect in 1979 as an evolution of this card payment network. It continued to grow as a major credit card brand and officially offered an IPO through the New York Stock Exchange in 2006 (trading as MA). Along with Visa, Mastercard has been at the forefront of credit card technology developments for security and card acceptance, including the implementation of EMV-chip credit cards and contactless payments.
How does Mastercard make money?
Mastercard’s profits primarily come from the entities that use their services, such as banks and shops. Some of their sources of revenue include the following:
- Card issuer fees. Mastercard charges financial institutions service fees for the use of their payment systems.
- Bank settlement fees. Credit card issuers pay this fee at the time of settlement of payments.
- Overseas fees. Mastercard charges issuers a fee for processing payments made in a foreign currency. These charges are often passed onto credit card customers in the form of a foreign currency or international transaction fee.
Frequently asked questions
Read more on this topic
Argos Classic Mastercard review September 2020
With uncompetitive rates and next-to-no perks, it’s hard to see the appeal of the Argos Classic credit card.
Zopa credit card review September 2020
The peer-to-peer lender will soon be offering a variable rate credit card along with a fixed-term savings account. See how it compares in our review.
The UK’s best credit cards of 2020
The best credit cards available right now: longest 0% interest deals, highest cashback earn-rates and more.
TSB Advance Mastercard review 2020
TSB’s entry into the low-APR credit card fray has one major catch: no ongoing interest-free grace period.
Find credit cards you can get approved for – with no effect on your credit score
Let Finder check your chances of getting approved for a range of popular UK credit cards.
Compare Amazon credit cards for September 2020
See how Amazon credit cards compare and how you can earn Amazon rewards points today.
What to do if you’ve received a “persistent debt” letter or your card has been suspended
If you have a credit card, persistent debt can have serious consequences for your finances. Here’s what it means and how you can fix it.
Virgin Money Month Purchases Credit Card review
Spread the cost of an upcoming expenditure without paying a penny in interest with this 0% deal from Virgin Money.
Earn more reward points and get more time to pay your bills with Billhop, a service that lets you pay by credit card even when you (theoretically) can’t.
Black credit cards
Black credit cards are the cream of the credit card crop. See how they work and if you’re eligible to get one.