SAN FRANCISCO (dpa-AFX) – The US payment service provider Visa earned and implemented more in the first quarter than experts expected thanks to robust consumer spending. The bottom line was that profit increased by 14 percent compared to the same period last year to $5.9 billion, the company announced on Thursday after the US stock market closed. Net sales increased by 15 percent to $10.9 billion.
Visa shares still lost two percent in after-hours trading. Investors may have been hoping for figures that were as significantly above market expectations as those of competitor Mastercard. In New York trading, Visa shares closed up 1.5 percent, while Mastercard rose by a good 4 percent.
The American credit card industry is currently under fire from US President Donald Trump. He announced in mid-January that a maximum interest rate of ten percent would apply to credit cards for one year from January 20th. It was initially unclear whether and, if so, how Trump’s plan could be implemented.
Trump hopes to make life “affordable” for Americans: Many of them live from paycheck to paycheck and don’t have much savings. In addition, buying on credit is much more common in the United States than in Germany, so many people end up in debt and have to pay credit card interest every month. According to November 2025 data from the Federal Reserve, the average interest rate on credit cards between the end of 2023 and the end of 2024 was 21.5 percent.
Trump’s announcement was met with discontent among banks and lobby groups. The interest rate cap will result in more restricted lending and “would have devastating consequences for millions of American families and small businesses,” they warned in a joint statement. However, they left it open what exactly the consequences should be./he/so
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