Jim Cramer Is Charged Up Over MasterCard's Strong Earnings Report

Jim Cramer likes MasterCard's strong earnings report, saying the credit card industry is a great business.
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MasterCard (MA) - Get Report  delivered better than expected earnings and revenue in the current quarter, and TheStreet's Jim Cramer credits the management team. Cramer says the credit card business is a great industry, and MasterCard has extraordinary growth. MasterCard reported transactions rose 18% during the quarter, and revenue rose 14%. Cramer, who is portfolio manager of the Action Alerts PLUS charitable trust, also likes Visa (V) - Get Report .