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Apple Pulls Plug on Goldman Credit-Card Partnership (www.wsj.com)

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

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[–] [email protected] 1 points 1 year ago (2 children)

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?

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

Just use this, I moved all my funds from GS to here: https://www.cit.com/cit-bank/bank/savings/platinum-savings-account

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

You should be building up credit with other issuers. Even if all the drama wasn’t happening here with Apple Card and GS. Not a good idea to have all your financial eggs in one basket.