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submitted 11 months ago by [email protected] to c/[email protected]

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[–] [email protected] 1 points 11 months ago (1 children)

Eli5: Does Apple have a bank account that's set for payments/refunds for credit card holders?

Like, do they have a line of credit that creates new lines of credit beneath the main one whenever someone gets a new Apple Credit Card?

[–] [email protected] 1 points 11 months ago

Goldman Sachs is the bank. They provide the lines of credit. Apple is the user interface.