A proposed legal settlement between Visa, Mastercard and U.S. merchants could soon change how some shoppers pay at checkout.

Premium credit cards grew in 2025, with higher fees, new perks and steady demand amid Visa and Mastercard settlement news.

Walmart filed a complaint about the Visa and Mastercard settlement offer saying the proposal did not provide relief to large merchants. Merchants challenging Visa and Mastercard regarding swipe fees on credit card transactions recently complained in writing about the settlement offer made in November.

With fintechs and legal cases pressuring payment fees, the card companies are leaning more on revenue from other sources.

Meanwhile, the company continues to send a lot of cash back to shareholders. In fiscal 2025, Visa returned $22.8 billion through share repurchases and dividends. The bulk of this capital return was in the form of share repurchases during fiscal 2025. Visa repurchased $18.2 billion worth of its own stock.

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