Visa Replacing MasterCard as USAA Partner for Credit, Debit
- Deal offers elimination of foreign transactions fees
- Company provides financial services to military and families
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United Services Automobile Association, which serves members of the U.S. military and their families, told customers it’s dropping its partnership with MasterCard Inc. in favor of Visa Inc.
USAA will change customers’ MasterCard-branded credit and debit cards for Visa cards throughout 2016, the financial-services company said on its website. Customers will keep the benefits associated with the old cards, USAA said.