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Apple Reportedly in Discussions With Banks to Launch Apple Card in India
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Your account hasn't been updated yet to reflect new yield.
It shows 4.15% at https://www.capitalone.com/bank/savings-accounts/online-performance-savings-account/
I’m not impressed with stuff they invent that is inaccessible to visitors and tourists. WeChat Pay etc is another one.
Can’t even do the “when in Rome do as the Roman’s do” when they lock you out!
Come on Apple we in the UK and Europe have waited far too long for the Apple Card, pull your finger out to get the Apple released over here.
Not only that, Apple Card hasn’t been launched anywhere outside the US. Apple would be extremely unlikely to start the international rollout anywhere other than Canada, UK, Europe and Australia. Those four regions have always been the first outside the US to get every single new apple product and/or service.
Nice. I checked my Discover Account and it's not at 4.2% either. It's still at 4.15%
You make it seems as though Apple doesn't want to offer their Apple Card in other countries such as the UK and across Europe. Maybe its the case that no financial institution in the UK/Europe wants to give Apple the sweet one-sided deal Goldman Sachs gave Apple.
A Goldman Sachs rival pulled out of the Apple Card deal on fears it will be a money loser
Within the card industry, Goldman's deal with Apple is widely perceived as one that's risky for a bank card issuer to take on.
- The Apple Card’s consumer-friendly features make it harder for banks to make money on the product.
- Citigroup was in advanced negotiations with Apple for the card but pulled out amid doubts that it could earn an acceptable profit on the partnership, according to people with knowledge of the talks.
Why Goldman's consumer ambitions failed, and what it means for CEO David Solomon
As Goldman's Marcus morphed from a side project to a focus for investors, the business expanded and ultimately buckled under the weight of Solomon's ambitions.
Besides the deposits business, which has attracted $100 billion so far and essentially prints money for the company, the biggest consumer success has been its rollout of the Apple Card.
What is less well-known is that Goldman won the Apple account in part because it agreed to terms that other, established card issuers wouldn’t. After a veteran of the credit-card industry named Scott Young joined Goldman in 2017, he was flabbergasted at one-sided elements of the Apple deal, according to people with knowledge of the matter.
“Who the f--- agreed to this?” Young exclaimed in a meeting after learning of the details of the deal, according to a person present.
Some of the customer servicing aspects of the deal ultimately added to Goldman’s unexpectedly high costs for the Apple partnership, the people said. Goldman executives were eager to seal the deal with the tech giant, which happened before Solomon became CEO, they added.
Sad, but the "one-sided deal" like encouraging people to pay the whole balance off, being transparent about interest rates, and having no fees. Lo and behold, they don't make any money on the product because people are doing what they are supposed to.You make it seems as though Apple doesn't want to offer their Apple Card in other countries such as the UK and across Europe. Maybe its the case that no financial institution in the UK/Europe wants to give Apple the sweet one-sided deal Goldman Sachs gave Apple.
A Goldman Sachs rival pulled out of the Apple Card deal on fears it will be a money loser
Within the card industry, Goldman's deal with Apple is widely perceived as one that's risky for a bank card issuer to take on.www.cnbc.com
- The Apple Card’s consumer-friendly features make it harder for banks to make money on the product.
- Citigroup was in advanced negotiations with Apple for the card but pulled out amid doubts that it could earn an acceptable profit on the partnership, according to people with knowledge of the talks.
Why Goldman's consumer ambitions failed, and what it means for CEO David Solomon
As Goldman's Marcus morphed from a side project to a focus for investors, the business expanded and ultimately buckled under the weight of Solomon's ambitions.
Besides the deposits business, which has attracted $100 billion so far and essentially prints money for the company, the biggest consumer success has been its rollout of the Apple Card.
What is less well-known is that Goldman won the Apple account in part because it agreed to terms that other, established card issuers wouldn’t. After a veteran of the credit-card industry named Scott Young joined Goldman in 2017, he was flabbergasted at one-sided elements of the Apple deal, according to people with knowledge of the matter.
“Who the f--- agreed to this?” Young exclaimed in a meeting after learning of the details of the deal, according to a person present.
Some of the customer servicing aspects of the deal ultimately added to Goldman’s unexpectedly high costs for the Apple partnership, the people said. Goldman executives were eager to seal the deal with the tech giant, which happened before Solomon became CEO, they added.
Sucks that they can only make money on predatory methods instead.
Well, I don't think that's fair.
It's NOT unreasonable to charge a fee for late payment.
It's NOT unreasonable to charge market level interest rates.
On a side note...I don't think it is reasonable to accept "sub-prime" customers, as Apple is rumored to require GS to do. If GS wants to set a min 700 FICO8 score, I think it should be free to do so.
Brexit Britain is a failed state too risky for Apple.
Which makes it an even less attractive market than the EU.
Bro ... at LEAST Apple can bring it to Canada first ... we're literary next door to them.
What what do your laws say about tying one product to another (card to phone) and data sharing and storage? Are they favourable to Apple? If not, complain to your govt.
Well apple cash is a separate service. It could still launch in the UK someday even if apple card doesn’t. In fact, the US had apple cash by itself for nearly 2 years before the launch of the apple card.
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