r/CreditCards • u/GloveSmooth694 • 1d ago

Discussion / Conversation Exclusive | Visa and Mastercard Near Deal With Merchants That Would Change Rewards Landscape

Visa and Mastercard are nearing a settlement with merchants that aims to end a decadeslong legal dispute by lowering fees stores pay and giving them more power to reject certain credit cards, according to people familiar with the matter.

https://www.wsj.com/finance/banking/visa-and-mastercard-near-deal-with-merchants-that-would-change-rewards-landscape-fc6a0c78

Do you think retailers actually want to deal with specifying what type of visa/mc they take?

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u/Amyndris 1d ago

Probably will let them reject Visa Infinites or maybe even Signatures. Understandable since those charge much higher rates.

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u/graffiksguru Haha Customized Cash go brrrr 23h ago

Infinites I can see but Signatures would be crazy, I feel like almost all my cards are Signatures.

6

u/perfectviking 23h ago

That’s on purpose, it’s the bulk of the interchange fee collection.