American Express which is also known as AMEX is by far one of the most recognized names worldwide in the credit card industry. Though there are many people who have MasterCard and/or Visa, these same people are still interested in the American Express Credit Card. What many people don’t know is that even though all three of these are the most preferred credit cards there are very big differences between them.
MasterCard and Visa credit cards are methods of making payments. Both will allow different businesses to accept credit card payments using their systems. What many people don’t know is that neither of the two actually issue credit cards on their own but instead rely on different banks worldwide to issue their credit cards for them instead as well as provide the credit and charge the interest too. So your bill for your credit card actually goes to the bank, as MasterCard and Visa do not get to see any of it.