Why Mastercard and Visa Stocks Both Just Popped

Shares of credit card companies Mastercard (NYSE: MA) and Visa (NYSE: V) -- ordinarily the fiercest of rivals -- are joining hands and running up the stairs together today, with Mastercard climbing 4.1% higher and Visa up 3.2% as of 2:55 p.m. EST.

The reason: Both charge companies are getting ready to raise their rates.

Image source: Getty Images.

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Source Fool.com