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.
    • colin8651@alien.topBEnglish
      1·
      11 months ago

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

  • ccmart3@alien.topBEnglish
    1·
    11 months 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.

    • sophias_bush@alien.topBEnglish
      1·
      11 months ago

      Nothing. Just like any other card that switches. Like when Capital One sold the Best Buy card to Citi in 2013, you still make the payments etc. just to the new issuer. Everything transfers.

  • corecursion0@alien.topBEnglish
    1·
    11 months 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”.

  • medievalmachine@alien.topBEnglish
    1·
    11 months ago

    LOL Goldman bailed. They lost a ton of money. And then Apple found out that they had enough leverage to foist it off on someone else. Then Apple ‘pulls plug’.

    See, their greed is starting to become Walmart-esque, where they burn all their suppliers.

  • DimitriElephant@alien.topBEnglish
    1·
    11 months ago

    Whoever takes it over, I hope it leads to more 3rd party integrations. I’m annoyed I can’t use this card with YNAB without hack jobs, so I use it a lot less now.

    • clmdd@alien.topBEnglish
      1·
      11 months ago

      YNAB also deserves blame there. They can import statements on web, but not mobile. I know it’s not as good as real time imports, but it’d be better than nothing. But they focus on weird UI changes instead.

      • DimitriElephant@alien.topBEnglish
        1·
        11 months ago

        There’s plenty I wish the iOS app did, but YNAB not working with Apple Card is totally Apple’s doing. I don’t want to mess with manual uploads nor do I have to with any other card I use.

  • Renolber@alien.topBEnglish
    1·
    11 months ago

    So what’s the play here?

    Best case is Apple keeps quiet about it, and they already have another partner lined up. Essentially a silent backend transition.

    Worst case scenario is they abandon consumer credit altogether, and we lose the card and the savings account. Which would… really suck. I built a majority of my credit with the Apple Card, and have a lot savings in the savings account.

    What are we projecting to happen here?

  • VictorChristian@alien.topBEnglish
    1·
    11 months ago

    Well, time to gear up tomorrow to either buy GS or AAPL on the dip…

    Personally, I hope Apple can talk Amex to taking Goldman’s place.

    • JustSayTech@alien.topBEnglish
      1·
      11 months ago

      If they dropped GS then they already inked a deal with a new partner and will probably announce before market open tmrw.