Credit Cards

QWhy Does My Neighbor's Mastercard Or Visa Have Different Rates And Fees From Mine?
AMasterCard and Visa rates are set independently by the banks issuing them. In fact, a given bank may offer several different rate and fee schedules. Sometimes you can pick which one you want; other times the bank will offer you a single set of terms with no option, even though it offers another customer a different set of terms. That's why it's worth shopping around rather than just applying for "a MasterCard" or "a Visa." This is not true of the T&E cards. One American Express green card is like all other American Express green cards in the country. (Corporate AMEX cards may vary from individual ones.)