NEW YORK (TheStreet) -- Both Visa  (V) - Get Report and MasterCard  (MA) - Get Report are up in afternoon trading Thursday, 9% and 7%, respectively, after the credit card giants reported quarterly earnings.

TheStreet's Jim Cramer says both stocks are partially aided by the news that China will be more accepting of the companies' work in China. The nation will ease restrictions on foreign credit cards, which will give Visa and MasterCard greater access to Chinese customers.

Cramer says he likes the companies' double-digit growth and stellar online numbers. He called Visa's conference call one of the best of this entire reporting period.

Must Watch:Jim Cramer: Visa and MasterCard Totally Deliver with Quarterly Results

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Cramer says both credit card companies "totally delivered" on excellent quarters after some trepidation.

Visa revenue rose 8.6% year-over-year to $3.23 billion, while adjusted earnings totaled $2.18 a share for the fourth quarter. MasterCard posted third-quarter earnings of 87 cents a share, a 19% year-over-year increase, on revenue of $2.5 billion, a 13% rise from the year-ago quarter.

TheStreet Ratings team rates Visa as a "buy" with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate VISA INC (V) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow."

You can view the full analysis from the report here: V Ratings Report

TheStreet Ratings team also rates MasterCard as a "buy" with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate MASTERCARD INC (MA) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."

You can view the full analysis from the report here: MA Ratings Report

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.