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Goldman Sachs Wants to End Apple Partnership, American Express Might Take Over (www.macrumors.com)

submitted 1 year ago by [email protected] to c/[email protected]

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Can't tell if this is a good or bad thing. American Express certainly is more well known for superior customer service, but they also seem to be less accepted at more retailers. Curious to see what comes out of this.

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[–] [email protected] 0 points 1 year ago (1 children)

I wonder if this could also lead to the Apple Card being offered in more countries, since Amex already has existing consumer products around the world.

[–] [email protected] 1 points 1 year ago

It would mainly depend on local laws such as rebranding laws, its reported Apple has been having issues launching the Apple Card India because of the laws behind rebranding and that in India the banking details have to be on the bank side and from the banks site so it couldn’t be integrated into the wallet app. Also don’t expect the same cash back scheme outside the US as many countries limit the amount in fees a credit card can charge where the US doesn’t have a limit. So the EU limits the fees to 0.3% for credit cards.