Apple

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Visa Offers Apple Roughly $100 Million to Take Over Credit Card from Mastercard (www.wsj.com)

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Archive: https://archive.is/2025.04.01-200748/https://www.wsj.com/finance/banking/apple-card-visa-mastercard-deal-3ce762da

Visa has offered Apple a roughly $100 million payment to get the tech giant’s credit card, part of a battle between the country’s biggest payment networks for the splashy Apple card.

The Apple card is up for grabs because Goldman Sachs, the bank behind it, is getting out of the consumer lending world. For months, big banks includingJPMorgan Chase and Synchrony Financial have been vying to take over as issuer. What hasn’t been known is the equally fierce fight playing out between the networks to win Apple, with Visa and American Express trying to unseat Mastercard, according to people familiar with the matter.

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