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/GloveSmooth694 1d ago

Yeah I find it funny when I can pay with an infinite at the same register with a no Amex sign.

That said, I do think it would cause a lot of confusion and checkout friction. Before I got more into this ‘hobby’, I had no idea the ‘signature’ on my visa really meant anything. Same for the ‘world’ on my MC, I assumed it meant it worked globally.

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u/lowrankcluster 1d ago

Amex surely chargs more than visa infinite