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Well that song is getting old that MA or V assume no credit risk.
May 22 02:36 am
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All Comments by Plantinseeds »U.S. Credit Card Industry Moving into Uncharted Territory [View article]
Has anyone ever read their entire prospectus? The risk is that if the issuing bank fails then V or MA have to cover the debt. Now they state that the coverage is only 45% of the original debt.
Ahh the next thing that will be said is that a bank failure is highly unlikely lol.
V Winner's blog is a good one for those that see only one side to visa. Visa, like any other investment vehicle has risk. Especialy nowadays. But it is a good site for info on visa.