Aren’t they big in the store credit card game? Maybe there’s bad reputation on those users?
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple Ending Apple Card Partnership With Goldman Sachs
- Thread starter MacRumors
- Start date
- Sort by reaction score
I thought the Amazon card was issued by Chase Bank, not synchrony.
Huh??? I got the iPhone 15 Pro Max at launch on my Apple Card. 24 months... 0% interest.
Amazon Visa Card is Chase. Amazon Store Card is Synchrony. Amazon Business Card is AMEX.
Who said sitting idle? Apple has the cash to lots of things it’d be better off not doing at all. What makes you think Apple could back the card any more profitably than Goldman?
It the Apple Card were such an attractive proposition, Apple would be beating away suitors with a stick. Goldman may not be a consumer finance giant but it at least is in financial sector.
So my 1st high yield savings was Marcus Goldman Sachs. I moved a good chunk over when apple offered theirs. I did move majority back when Marcus increased the interest and Apple didn’t seem to be heading towards raising theirs anytime soon. Guess we know why now. But if this news means that’ll be closed. Which bank has a less volatile service for high yield savings? I don’t want to keep playing musical chairs with my pittance of savings.
So I need to pull my money out of the savings before the partnership ends.
And not through a network operator? Completely outright?
Can’t do it. If you select one of the cartel operators, yes. If you select unlocked, no carrier, you have to pay everything up front.
I’m never buying a cartel tainted phone again. I don’t want them to have anything at all to do with my device.
They have no more business with my phone than my landline ISP has with my Mac.
1) If you think card games are the same as Mario, you are contributing less to the discussion than I thought.
2) You entirely missed the point
3) Nintendo! Go back to financing love hotels and stop making video games.
I wonder if that means I'll stop getting daily... crap just got one.
"Preview your new Apple Card credit limit offer."
"Preview your new Apple Card credit limit offer."
Not sure I’d call it a “raw deal”. GS went in with eyes wide open. I suggest “overly optimistic” or even “delusional” might be more appropriate.
One also never knows what bonuses at GS may have been tied just to getting the thing launched - with eventual profitability being someone else’s problem. It wouldn’t be the first time a bad idea went to market this way.
You can drop the carrier the moment the phone is activated. They come unlocked from Apple, no matter what carrier you select.
You're not tied to them for 24 months.
Amazing that Discover still is a thing. Though I’m sure its loyalists have their valid reasons. I remember when Sears launched it back in the 80’s.
You mean everyone who didn't know how or care to get higher yields through Treasuries, corporate bonds, municipal bonds, etc.
I have never had a Synchrony card and never will, but my partner has TWO lmao.
I mean, at least if Apple goes the Synchrony route we still wouldn’t have to use their site/app and hopefully they’d train employees in the way of Apple.
but I would MUCH rather them partner with Chase, Capital One or AMEX (the only three banks I use for my credit cards).
Well that's just great... I just this summer opened an Apple Card in conjunction with a new MacBook Pro for the zero interest payment schedule and was just thinking about making it joint with the wifey.
I have had zero issues in ~10 years with Synchrony... but it is just my Lowes card.
I have had zero issues in ~10 years with Synchrony... but it is just my Lowes card.
Citibank passed on the opportunity the first time around. No way they'd make a deal with Apple unless the terms were more in their favor.
Or other banks. Capital one and discover have higher interest on their savings accounts.
Good riddance to Goldman-Sachs, because their customer service is just horrible, the worst I've ever had the misfortune to endure from a CC company or otherwise. Because of that I only use my Apple Card for purchases from Apple and small purchases otherwise I can stomach losing on if there is an issue. AMEX still rules for purchasing power and protection.
Ford Credit probably is a better example. It’s wholly owned by Ford and sometimes has generated more earnings than its car making business. Some describe Ford as a lender with a car division attached. 🤣
Then again, Chrysler (Stellantis) had no captive finance arm and did quite nicely through its partnership with Santander. Lots of ways to skin that cat.
Now they do, but not when the Apple Savings Account first launched. It [Apple Savings Account] was competitive back then.
That would definitely reduce my usage and I’d most likely switch to another card for my day to day, but let’s see since it’s supposed to be 12+ months away