Visa Allegedly Makes a Bid to Unseat Mastercard as Apple Card’s Partner

Apparently, the visa is trying to remove the Apple card from the current network, MasterCard.

This Wall Street Journal On Wednesday, Visa offered $ 100 million to seize the payment network. Visa and MasterCard are the largest of two Payment networks And widely accepted in the world.

Tender proposal comes Long-term splitting of Apple with Goldman Sachsthe current issuer withdrawn from consumer lending. Goldman said he could finish his relations with a technical giant Before the contract ended in 2030.

Credit card networks like Visa and MasterCard process operations, take care of what happens behind the scenes and Providing transactions is safe. Giving banks such as Goldman Sachs, manages more of what the consumer sees as a card designated Interest rates and considerations.

Apple is looking for a new card issuer and is reported to be in the finances and negotiations in Barclays, Sinquy Follow. However, the Apple Wall Street Journal Journal reports that the first time wants to sort the payment network.

Neither Apple responded immediately to surveys for commenting on the visa.

The American Express, both the payment processor and the card issuer, was also interested in obtaining the Apple card.

Why do all networks and issuers sound for this card? Apple’s widespread name and reputation may apply to card issuers who want to increase growing consumer bases, competition Shop now. If you have an apple card or thinking of an opening, this means what it means to you.

What does this mean for Apple cardholders?

If the cardholders take from Visa MasterCard, they are mainly used in the background and are not very different because it is widely accepted in the world.

However, if the Apple card receives a new issuer, current cardholders could see better rewards and perks. Apple card is regularly assessed No. 1 for Customer SatisfactionAccording to JD Electric Inquiries, but there are no things like competition Nice offer According to our CNET credit card experts, other useful cards and protectors.

Apple Card offers a smooth user experience and 3% of the apple everything.

If you have an Apple card right now and looking for more useful advantages, you can consider applying for a Credit card offering a better reward If you don’t want to see how card drama plays.

All information about the Apple card collected independently by CNET and was not reviewed by the issuer.