Originally Posted by
eponymous_coward
"I'm sorry, your $400 annual fee VentureX premium travel card does not actually work outside the United States. I'm sure that's not a problem and you can just panhandle change so you can buy things."
Seriously, if you think AMEX acceptance outside the US is a joke just try Discover...
The user you're quoting didn't quote the VX as a card to switch networks, they quoted the no AF SavorOne.
If/when (as expected) the merger closes, after some time for Cap1 to align priorities, expect non-travel cards to move to Discover.
This all assumes that Visa/MC prevent a dual network strategy, where the card defaults to Discover network but backfalls to Visa/MC. If that was the case, then Cap1 gets a lot of leverage against the big two by threatening to switch existing Visa/MC cardholders on non-travel products to Discover/ asking concessions from Visa/MC to not do so.
Originally Posted by
tmiw
I haven't scanned my Chase credit cards in a while but I seem to remember there only being one AID, not two. I'd also think they'd need ChaseNet to be first in order for it to get used (especially with contactless since terminals always choose the first AID they support).
EDIT: yeah, the NFC scanning app on my phone still shows only one AID (the Visa one) for my recently-issued CSR card.
Interesting that ChaseNet uses the same AID. Some have argued on different parts of the web that ChaseNet is really "separable" and that they basically own Visa's tech. Using Visa's AID while using VisaNet as the underlying network certainly seems to undermine that argument.
Anyways, multiple AIDs do exist outside of ChaseNet - on banks with >$10B in assets that exists with brand network AIDs and then other debit AIDs and the US Common Debit AID. It's not impossible for a "dual network" (or three, four, five... network, but this is like debating the term "dual citizenship") credit card to exist... from a tech perspective.
That being said, if Visa/MC stay mum on opposing Cap1's deal publicly (as I would expect, to prevent the potential for the Credit Card Competition Act to become law), I would expect Visa/MC to tell Cap1 to shove it on dual network cards.