Unlike in many other countries, where credit card companies operate independently, Israeli credit card companies serve as intermediaries that issue cards under global networks like Visa and Mastercard, as well as their own proprietary cards. These companies provide a wide range of services, including credit facilities, loyalty programs, and payment processing, while partnering with local banks to offer financial services to consumers.
The Israeli credit card market is dominated by three major companies, each of which issues cards under both Visa and Mastercard brands, alongside their own branded cards.
| Company | Phone |
|---|---|
| American Express | 03.6364422 |
| Cal - Credit Cards Israel, Visa, Mastercard, Diners | 03.5726444 |
| Isracard | 03.6364636 |
| Max |
In addition to Credit cards, Israeli banks can issue a Debit Card to their customers on the name of the bank. A Debit card can be used for payments and products, charging the customer's bank account for the transaction amount immediately, in contrast with deferred debit (credit) cards where the charges are made once a month.
Debit cards are an upgraded alternative to cash, with the advantages of a credit card (ability to make Internet and phone transactions while protecting the customer against misuse).
See introduction to Debit Cards in Israel on the website of the Bank of Israel