Swisscard will be fully acquired by American Express as UBS exits the credit card business following the takeover of Credit Suisse. Credit card holders will see no changes, with portfolios under the Credit Suisse brand transferring to UBS, while Swisscard continues to issue cards under American Express, Mastercard, and Visa licenses. UBS remains committed to its credit card operations, although the integration with Swisscard is not aligned with its strategic priorities.
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