WSJ News Exclusive | Apple Pulls Plug on Goldman Credit-Card Partnership
www.wsj.com
Tech giant proposed exiting contract in about 12-to-15 months.
  • isit65outsideor@alien.topBEnglish
    1·
    3 years ago

    A bummer, but I’ll be sure to pay off this card before it’s done for good. Anyone know how to pay off the full amount on the card? Wallet limits how much I can pay.

  • tastetherainbow76@alien.topBEnglish
    1·
    3 years ago

    Fuck. I use my Apple Card for everything. I love the spending tracking and that it’s all on my phone. It’s gonna suck to lose that.

      • rydan@alien.topBEnglish
        1·
        3 years ago

        Synchrony is going to cancel your account. Even if they can’t then they’ll just cancel your other accounts with them.

      • tastetherainbow76@alien.topBEnglish
        1·
        3 years ago

        That would be good! I know most people think it’s a joke card but it’s really got my monthly and yearly spending tracked perfectly. Thanks for the reassurance stranger!

      • Slyfox2792004@alien.topBEnglish
        1·
        3 years ago

        I dont know no company wants to take something that cost them billions yearly in losses. I’d think if this was plan Apple would just let Goldman go through with selling it to another cc company. Only reason I see for Apple to give them exit is to end it completely.

    • colin8651@alien.topBEnglish
      1·
      3 years ago

      Your debit gets sold or transferred to the new bank and someone else comes after you.

  • helrazr@alien.topBEnglish
    1·
    3 years ago

    Guess that explains why I’ve been getting multiple emails a week from Apple about getting an Apple Card.

    • Yvilkittyinspace@alien.topBEnglish
      1·
      3 years ago

      I applied months ago but I had too much credit card debt so they told me to pay down my debt to less then $500 which I did and pay my bills on time which I did and they would send me an invite in December.

  • ccmart3@alien.topBEnglish
    1·
    3 years ago

    Dang. I love my Apple Card and the ease/convenience of the savings account. Hopefully we don’t experience much difficulties during any transitions/changes that will be made.

    • timffn@alien.topBEnglish
      1·
      3 years ago

      Worst case scenario is the close it, but you will have PLENTY of time to move it to another one. Most likely scenario is another bank takes it over, and there’s zero you need to do on your part.

  • corecursion0@alien.topBEnglish
    1·
    3 years ago

    I certainly admit, I relish this news to some degree.

    Goldman Sachs, the company well known for just taking your money and… well, that’s it – has skewered itself on (a) bad customer service (a notable Goldman trait), and (b) not knowing how to execute efficiently on Apple’s UX demands. Nothing about Apple is standard, and they still went with it and didn’t see it coming? Now the execs had to intervene to cut their losses since they realized this was a disaster. I present to you legendary farsighted Goldman Sachs, “the money siphon of the world”.

  • EVRYEDGE@alien.topBEnglish
    1·
    3 years ago

    What always strikes me as odd is how the card is laser-etched, made of titanium, 3 times as heavy as a plastic card - which all sounds very exclusive - yet the guy with the 650 credit score can get one…??

    • ImVinnie@alien.topBEnglish
      1·
      3 years ago

      because that 650 credit score person will spend more than they can afford on the card, get into a pile of debt, and be a customer until they die, trying to pay the card off

    • rayquan36@alien.topBEnglish
      1·
      3 years ago

      Yeah and on the other end, I have a great credit score and I was pretty insulted at how little of a credit limit they gave me.

  • DevTom@alien.topBEnglish
    1·
    3 years ago

    Hopefully the Apple Card stays around, it’s my daily driver CC and I really enjoy the interface and spending breakdowns it provides.