Fidelity Investments is considering dropping American Express and Bank of America to find new partners and better terms for one of the top-rated cash-back credit cards in the U.S., according to people with knowledge of the matter.

Visa and MasterCard are in talks with Fidelity, vying to replace Amex on a card that’s been amassing customers for more than six years, according to the people, who asked not to be identified because negotiations are private.

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