this post was submitted on 12 Jul 2024
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Credit card companies don't issue credit cards, they're middlemen for the banks and take a cut from every transaction processed.
Visa and Mastercard, yes. Amex and Discover are both network and bank.
When I lost my credit card overseas I was issued an emergency replacement by MasterCard and it only had MasterCard branding. I guess sometimes they issue cards (unless they got a bank to print it without their branding).
That's technically not a card issuance, which in CC terms only happens when the bank associates an account on their end with a new card profile from the CC company. No actual card needs to be issued either, a token in a digital wallet works the same way.
Deactivating a lost card and activating a replacement (temporary or otherwise) are just maintenance activities on an existing card profile. They get recorded to the original profile both for record-keeping and so that the bank doesn't get billed extra for issuing a new one.
There you go, proving exactly what the OP was asking about! I just assumed issuing and printing were the same.
I did too! Turns out there's a lot of weirdness and jargon that gets built into the system after 44 years of continuous operation, and of course the CC companies wanted to be able to bill separately for issuing new cards and printing replacements. XD