Visa Card is one of the most important international payment cards issued by various banks and institutions. This card allows all users to effortlessly pay for purchased goods and services in online or physical stores without any hassle. It is a credit card that can be used provided there is sufficient credit and balance in the bank account. But the question that may arise is: what are the uses and benefits of Visa Card, and how can we obtain one? Stay with us as we answer all your questions about this credit card.
What is Visa Card?
In 1950, Visa Card began its activities as one of the online payment companies. After a few years, the company introduced its first card under the name “BankAmericard” to allow individuals to make purchases at stores using it. While Visa Card initially started its operations as Bank of America, it changed its name to American Express in 1958. The company continued to expand and advance year by year, currently being supported in over 190 countries. Visa Cards are issued by the Visa International Service Association in San Francisco, California. Like all other credit cards, these cards have various components such as a 16-digit number, a 3-digit CCV code, and an expiration date, all of which you need to access to use it.
“In general, Visa Card is a credit card that allows you to make international payments and even withdraw cash from ATMs in your preferred country during your travels.”
Types of Visa Cards
Now that you’re familiar with the concept of Visa Card, you should know about its various types and choose the best option based on their characteristics and features. Generally, Visa Cards are divided into different categories based on their payment methods, which we introduce below:
Types of Visa Cards based on payment type
Visa Cards are divided into several categories based on their payment types, each having specific features useful in particular places. The following are the most important types of these cards based on payment type:
- Visa Debit Cards
These Visa Cards, also known as Debit Cards, Check Cards, or Bank Cards, are linked to your primary account, allowing you to withdraw, transfer, and make payments. Moreover, you can use these cards at any online payment gateway that displays the VISA logo.
- Visa Credit Cards
Credit Cards have similar features to Debit Cards, with the key difference being that you can spend more money using them and pay off your debt to the bank after 15 to 45 days.
- Visa Prepaid Cards
These types of credit cards are similar to Debit Cards but are not linked to a bank account, as their balance has been predetermined. Prepaid cards are offered in reloadable and non-reloadable forms, with non-reloadable cards usually being used for gifts.
This translation provides an overview of Visa Cards, their history, and their various types based on payment methods.