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Visa Allegedly Makes a Bid to Unseat Mastercard as Apple Card's Partner

  • Visa reportedly offered Apple $100 million to become the Apple Card's payment network, challenging Mastercard's current role.
  • Goldman Sachs wants to exit consumer lending, prompting Apple to seek a new card issuer and network.
  • Apple Card, introduced in 2019, has $20 billion in customer balances, making it a valuable co-branded deal.
  • Visa's $100 million offer is usually reserved for the largest card programs, as reported by the Wall Street Journal.
  • American Express, Chase, Barclays, and Synchrony Financial are also competing to partner with Apple for the card.
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  • 88% of the sources are Center
88% Center
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MacRumors broke the news in United States on Tuesday, April 1, 2025.
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