Will First Direct change credit cards to Mastercard?

born_again

gt94sss2 said:

Also, Amazon may back down - Barclaycard are the biggest credit card issuer in the UK and only issue Visa cards..

The issue has nothing to do with banks issuing visa cards. Only Visa & their charges.


@Thrugelmir
The likes of HSBC are only changing DEBIT cards to mastercard.
Santander have issued mastercard credit cards for at least 6 years.

gt94sss2

born_again said:

gt94sss2 said:

Also, Amazon may back down - Barclaycard are the biggest credit card issuer in the UK and only issue Visa cards..

The issue has nothing to do with banks issuing visa cards. Only Visa & their charges.

Both Visa and MasterCard have the same interchange rate on transactions between the UK and EU.

The reason why which banks issue which brand credit card is a factor is due to market share being one of the factors Amazon and Visa will take into account.

adamp87

born_again said:

gt94sss2 said:

Also, Amazon may back down - Barclaycard are the biggest credit card issuer in the UK and only issue Visa cards..

The issue has nothing to do with banks issuing visa cards. Only Visa & their charges.


@Thrugelmir
The likes of HSBC are only changing DEBIT cards to mastercard.
Santander have issued mastercard credit cards for at least 6 years.

It might not, but if a huge portion of the market that has a visa card and isn't looking for another card or a switch to a Mastercard, they'll be unable to use their Visa Credit cards. That is a problem for Barclaycard who rightly will challenge Amazon.

Most likely this will all get solved anyhow. Yes Visa charges may have some issues, but let's not pretend Amazon is some sort of moral leader financially either.