When you compare credit card offers you might have many individual cards to choose from and even many issuing banks. But there is one area where you have far fewer choices — types of credit cards. Your three primary options are Visa, MasterCard, and American Express. Does it really make a difference which of these credit card companies are behind your new card?

Let’s explore some of the common features as well as differences between Visa, MasterCard, and American Express that might help you choose your next credit card.

Visa / MasterCard vs American Express

The biggest difference between these different types of credit cards is the fact that American Express is accepted for payment at fewer locations. So your favourite store might not accept your Amex if that’s what you apply for.

On the other hand both Visa and MasterCard are more widely accepted worldwide, meaning there is a better chance one of those cards will be accepted no matter where you happen to be. In this sense Visa and MasterCard can seem almost equal. It’s just a strike against American Express cards.

That said, American Express is known for offering better rewards than the other two credit card companies. So if you’re looking for a rewards credit card or frequent flyer credit card you might be able to earn more points per dollar spent if you choose Amex.

You can even find some rewards cards that will give you both an American Express (letting you earn more points) and either a Visa or MasterCard (so you can access your balance for purchases even if Amex isn’t accepted). NAB Qantas Gold is one example, giving you both an American Express and Visa credit card tied to the same credit limit.

Visa vs MasterCard

While Visa and MasterCard both feature strong worldwide acceptance, there are differences that might make one preferable over another to you. The biggest difference is access to their perks.

For example, the Citibank Clear Platinum credit card would let you take advantage of Visa Concierge services to help you book travel and entertainment. That card would also give you access to entertainment perks through Visa Platinum Privileges. If you used a MasterCard, you might get different perks as opposed to those exclusively available through Visa (although they could still be similar).

When choosing a credit card Visa, MasterCard, and American Express cards all have their perks and downsides whether it’s greater acceptance with lower rewards or better rewards with more limited acceptance. Just decide what matters most to you and where you plan to frequently use your credit card. Other than those two primary considerations, it still comes down to comparing individual cards to get the best deal possible.