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Jim Cramer: Mastercard Is One Thing Money Can Buy

Video Credit: The Street - Duration: 01:56s - Published < > Embed
Jim Cramer:  Mastercard Is One Thing Money Can Buy

Jim Cramer: Mastercard Is One Thing Money Can Buy

There are some things money can't buy; for everything else, there's Mastercard .

That was the ubiquitous slogan back in 1997 when Mastercard's first "Priceless" commercial hit the airwaves, and the company was an actual credit card company, with the objective of trying to be in every consumer's wallet.

Today, there are plenty of high-quality and solid-performing financial and technology companies to choose from: the behemoth Visa , for starters, and certainly American Express , which has turned itself around after being virtually comatose for ages, thanks to CEO Steve Squeri's new leadership and vision.

You also have high-quality, money making fintech digital payment processing machines like PayPal led by Dan Schulman and his aggressive partnering with pretty much everyone, and Square , the small- and medium-size juggernaut that is now taking off after a long period of consolidation in the wake of the departure of Chief Financial Officer Sarah Friar.

So why buy Mastercard?

"Because Mastercard is the fastest growing major financial company, the one that is widely considered to have the best payments technology," Jim Cramer told Action Alerts PLUS members on his monthly call.

"You have to believe that, or why would Apple and Goldman choose them for their card?" With a five-year compound growth rate of 25%, Mastercard CEO Ajay Banga "has vaulted this company to the lead of the majors - phenomenal for a $280 billion company." "I know that right now the big banks are more in vogue than fintech, but that's the opportunity.

I know it is a big dollar amount stock.

I urge you to buy a few shares.

As long as Banga is there - and he has no intentions that I know of to do anything but stay - it's the best of the lot, and I would buy it right here." Mastercard is a holding in Jim Cramer's Action Alerts PLUS member club.

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