_____WESTBROOK_____@alien.topB to Apple@hardware.watchEnglish · 3 years agoApple Pulls Plug on Goldman Credit-Card Partnershipwww.wsj.comexternal-linkmessage-square196linkfedilinkarrow-up11arrow-down11cross-posted to: [email protected][email protected]
arrow-up10arrow-down1external-linkApple Pulls Plug on Goldman Credit-Card Partnershipwww.wsj.com_____WESTBROOK_____@alien.topB to Apple@hardware.watchEnglish · 3 years agomessage-square196linkfedilinkcross-posted to: [email protected][email protected]
minus-squareAudioGoober88@alien.topBlinkfedilinkEnglisharrow-up1·3 years agoConsumer credit is a shitty business for companies
minus-squarenqthomas@alien.topBlinkfedilinkEnglisharrow-up1·3 years agoAmex has the lowest expectance rate. I’ll probably cancel this card if it goes to them.
minus-squareAudioGoober88@alien.topBlinkfedilinkEnglisharrow-up1·3 years agoThey’re payment processors, they don’t issue credit.
minus-squareAudioGoober88@alien.topBlinkfedilinkEnglisharrow-up1·3 years agoGood consumer banking business from transaction volume, the actual lending of consumer credit is a minuscule % of their business.
Consumer credit is a shitty business for companies
Amex has the lowest expectance rate. I’ll probably cancel this card if it goes to them.
VISA, MC etc do very well
They’re payment processors, they don’t issue credit.
or Chase
Good consumer banking business from transaction volume, the actual lending of consumer credit is a minuscule % of their business.