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Looks like the visa is trying to woo on the Apple card away from the current network, MasterCard.
the Wall Street Journal Wednesday Visa has offered Apple $ 100 million to get the payment network. Visa and MasterCard are the two largest Payment networks and widely accepted worldwide.
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The bid comes between Apple’s long breakdown with Goldman SachsThe present sender, pulling out of consumer lending. Goldman explained that it could conclude its relationship with Tech giant Before the contract ends at 2030.
Credit card networks such as visa transactions and mastercard process, care what keeps behind the scenery and Insuring transactions is safe. Banks issues like Goldman Sachs manage more than what consumers have seen, such as deciding on a card Interest rate and Benefits.
Apple sought a new card sent and reportedly talking with barclays, financial synchrony and Pursue. However Apple wants to first line the payment network, according to the Wall Street Journal report.
Neither apple or visa responds quickly to requests for comment.
American Express, which is both a payment processor and issuing card, reportedly expressed interest in claiming Apple card.
Why are all networks and issues mainly for this card? Apple’s wide name and reputation can appeal to the card issuers who want to grow their consumer base between more competition from Buy now pay back later apps. If you have an Apple card or consider one’s opening, here’s what it means for you.
What does this mean for Apple card holders?
Most cardholders don’t notice a lot of difference when Visa takes from Mastercard because they mostly operate in the backend and the same welcomes all over the world.
However, if the Apple Card gets a new issuer, current cardaries will see the best rewards and perks. Apple card is always marked 1 for customer satisfactionAccording to JD power surveys, but they lack things like a competition Happy Offer And other useful perks of card and protection, according to our CATER CARD CARD CARD card experts.
Apple card offers a jeopardy user experience and 3% cash back to all apples.
If you have an Apple Card and looking for more useful benefits, you may consider applying for a Credit card offering better rewards If you don’t want to wait to see how to play the drama card.
All information about the Apple Card collected independently of CNET and is not checked by the Issuer.
