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November 17, 2025

Why a Visa-Mastercard legal settlement could lead to your rewards credit card getting declined

  • Merchants may now choose not to accept certain high-reward cards due to higher fees.
    • By KEN SWEET
    AP Business Writer

    NEW YORK — Visa and Mastercard have proposed a settlement in their long-running legal dispute with merchants and retailers over how much they charge merchants to accept their cards.

    The most important part of the settlement could directly impact how customers use their Visa- and Mastercard-issued credit cards, and may result in some consumers getting denied at the point-of-sale for purchases


     
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