NEW YORK -- MasterCard International said it is making arrangements with all long-distance carriers to accept its credit cards for making calls.

The card association trumpeted the planned agreements - which are expected to be effective for the group's 93 million cardholders by the end of next year - as a way for issuers to gain "at least $1 billion" of sales annually in the United States. Currently, no single credit card brand can double as a calling card with all phone companies.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.