Visa card types
1. Visa Classic - a card with a standard set of functions. This includes payments at most merchants that accept cards, online bookings for various goods and services, insurance of money in the account, etc.
2. Visa Gold - a card that has additional guarantees of the holder's solvency, higher payment and credit limits compared to Classic, as well as a number of additional services, including express cash withdrawal and emergency card replacement in case of loss or theft of the card away from the bank -the issuer, additional discounts and privileges in areas such as travel, car rental, purchases of exclusive goods and services. As a rule, along with the mandatory privileges from the payment system, card issuing banks offer their own additional services for Gold and higher cardholders.
3. Visa Platinum is an elite card that usually provides the holder with the opportunity to receive additional services, discounts, and insurance in amounts exceeding the privileges for Gold card holders.
4. Visa Signature is a card product for especially wealthy clients, the distinctive features of which are maximum purchasing power, increased limits on various groups of card transactions, exclusive services in the field of leisure, shopping and travel, as well as concierge service and special features on the personal page in the Internet.
5. Visa Business - cards for representatives of legal entities, designed for payments in the interests of business. These cards are positioned as a product for small businesses.
6. Visa Virtual card - a card for making payments via the Internet. Sometimes it is “issued” without the physical issue of the card. In fact, this is the provision of only card details (number, CVV2, date of validity, etc.) to the owner, which can be used to pay via the Internet. The issue of the card is reduced in price, but the security is reduced. Usually they are prepaid at the time of issue and do not provide for the possibility of replenishment. They can be anonymous, which sometimes causes difficulties in processing in payment systems with mandatory verification of the owner's name.
Cards that exist in nature, but practically not found in carding:
1. Visa Infinite - is positioned as the most prestigious card for clients with the highest paying capacity. In some cases, the credit limit for such a card is unlimited.
2. Visa Black Card is an elite image product. The material for the manufacture is not ordinary plastic, but a patented special carbon fiber. It is positioned as a symbol of the holder's belonging to the top of society. Due to increased requirements, in the United States, no more than 1% of residents can become owners of this card. The owner will be able to stay in the VIP lounges of international airports, use the services of a concierge service, travel insurance, cover for damage in case of a car accident, and reimbursement of costs in case of cancellation of trips.
3. Visa Electron (rarely met, maybe in vain did not include it in the main list) - the simplest type of cards. It has no convex elements, which limits the possibility of using this type of card in terminals based on taking an impression from a card (mechanical copying without connecting to a database). As a rule, there are minimum transaction limits and minimum guarantees.
4. Visa Business Electron Card - cards are positioned by the payment system as a product for small businesses in countries with emerging economies.
5. Visa Corporate - business segment cards designed for medium and large businesses.
6. Visa Fleet - business segment cards targeted at companies using vehicles in their core business. This type of card helps companies track the operating costs of their fleet, as well as receive additional discounts on fuel and service.
7. Visa Debit - card for everyday expenses. Its peculiarity lies in the fact that funds are debited from the client's deposit account, as if he were withdrawing cash from the account or writing checks to pay for purchased goods or services.
8. Visa Commercial - Creates an easy consolidation of expenditure data from all departments, divisions and subsidiaries of the company, which provides an integrated overview of all expenses for events and procurement, as well as travel expenses.
9. Visa Prepaid Card - a card, the balance of which is replenished when issued at the bank, and further operations are carried out within the limits of the available balance of funds. A variation of this type of card is a Gift Card. Visa Instant Issue cards can also be considered a variation of this type of cards - they are personalized in advance, but not personalized (without specifying the name of the holder). A feature of this type of cards is the fast issue of the card, usually within 15-20 minutes from the moment the client contacts the bank.
10. Visa TravelMoney - a card designed primarily for the safe transportation of funds, for example, while traveling, being a more technologically advanced analogue of traveler's checks. As a rule, only cash withdrawal operations at ATMs are possible with this type of cards, however, some banks also allow purchases with TravelMoney cards.
11. Visa Mini Card - a reduced format card, often issued with a hole, implying use as a key fob and not only. It should be noted that proximity to metal keys is highly undesirable and can adversely affect both the information recorded on the magnetic stripe and lead to increased mechanical wear of the card. Due to the non-standard format, this type of card cannot be used in ATMs, terminals with contact chips (contactless protocol is supported - if the card is equipped with such a chip), it will also not work to use the card in imprinters. Therefore, this product is only suitable for paying for purchases or receiving cash at points equipped with an electronic terminal capable of operating on a magnetic stripe or contactless chip. For this reason, this type of card is usually issued in conjunction with a standard format card that has access to the same card account.
12. Visa Buxx - the target audience of this card are teenagers who do not yet have an independent income. Parents have the opportunity to credit "non-cash pocket money" to the card and control the account movements.
13. Visa Horizon is a debit card that stores funds on the chip itself, pre-authorizing them from a bank account. When using it, there is no need to establish a real-time connection with the issuing bank to obtain authorization. All information about the available balance is located on the card itself in the memory of the built-in chip and is available for reading by the terminal at the point of sale. The cardholder, if necessary, can replenish the balance on the card from his bank account either through an ATM, or through one of the terminals in the trading network or bank branches. Visa Horizon is ideal for situations where there are connectivity issues or none at all. Since there is no risk of insolvency or cost overruns due to pre-authorization for this product, Visa Horizon is ideal for issuing to customers with no bank and credit history. Unlike a card with an electronic wallet, in which the balance on the card is prepaid and in case of loss of the card, the client loses unspent funds from the card, Visa Horizon allows you to recover the funds remaining at the time of the loss of the card on the client's bank account.
14. Visa Cash or, as it is commonly called, “electronic wallet”, is a prepaid card and combines the convenience of payment cards with the security and functionality of an embedded chip. Visa Cash allows you to quickly and easily pay minor expenses, so it can be mainly used to buy inexpensive items such as newspapers, movie tickets, to pay for short telephone calls, etc. ... The decision on this is taken by the issuing bank that issued the card and agreed with the client.
15. Visa Payroll is a common type of card that immediately upon purchase provides insurance for the personal property of a person purchased with this Visa card. The total amount of insurance cannot exceed $ 50 thousand per person. At the moment, these cards are only issued in the United States.
16. Visa Check, Visa Gold Check and Visa Business Check - cards created for cooperation with programs for accumulating miles from air carriers. This mainly concerns the NWA WorldPerks system.
17. Visa Platinum Check - similar to the previous three cards, but it cannot be combined with the WorldPerks program, although it provides more opportunities for holders than Visa Check or Visa Gold Check.
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