Apple

At this point, Apple needs to start a bank under their parent company and just use that

I’m no economist but is this not an option? They’re one of the largest companies in the world, surely they can figure it out if seats at one point did

This would cannibalize their Freedom Unlimited card, no? 1.5X on Freedom Unlimited vs 2X on the Apple Card, though UR is better in a lot of cases vs straight cash back.

Would make sense since Chase have extensive experience with consumer banking, unlike Goldman.

At least not Amex. That would make all my credit cards Amex.

I really wanted them to keep Mastercard as it covers really well merchants, especially outside the US that Amex doesn’t have.

Interesting. Could be an easier option for rollout in other markets, as Chase operate in big markets like Canada and UK

I‘d wager Apple won’t announce anything till middle of 2024. The migration of users will probably see several stalls to the timeline.

No more easy CLI without hard inquiries if it’s chase :(

Is GS getting out because it's not profitable and people are paying balances off in full AND banking high interest savings? If so why would any bank take that on?

I hope they go with Amex or someone else who operates in Canada. I’ve wanted an Apple Card since it was announced but they never made it available in Canada

Holding out for the Diner’s Club International Apple MasterCard [tm].

Also of note, Apple is turning more of its attention to 6G, even as it works on 5G cellular modem.

great,,, that would make every card I own a chase card.

Surprise surprise, a random blogger with "supply chain sources" out of Japan does not know the status of Apple's 5G modem.

They’ve been reporting this info for like a year. I wonder if it’ll ever happen.

I’d be down with chase or Amex

Chase sounds good to me. Better than Amex.

I’ve had Chase for like 15 years (they bought Washington Mutual) and it’s one of the few, consistent and reliable things I’ve had in my life. Bring it on.

From an approval standpoint, Synchrony and Citi make the most sense. AmEx and Chase will significantly drop the approval percentage unless they modify their requirements for Apple.

I just want the card to work with budgeting apps

i’d prefer amex please

SUCH a better card/S

Kind of wish Apple would focus on a bank that’s better for the environment and invests people’s money in good causes like they want to do with their carbon neutral products. A good bank could be Atmos Financial, although idk if they’ll support the influx of so many new people because they’re pretty small

Bloomberg, the home of the tutti-fruitti, phoney-baloney, plastic banana, good time, rock-n-roll Apple PR leaks. Apple is either testing the water on consumer response to Chase or trying to influence Chase to make the deal.

Would this make the card and acceptance rate more accessible?

No chance

Chase >>>> Synchrony

Maybe they could roll it out in other countries then just the US

As someone who has Chase and has had literally zero problems with them in over a decade. This would be ideal for me.

Apple hyped this credit card so much when launched. Ads galore. 🤡

Gimme those Chase points!

I feel like this would represent a strategy shift for Apple. It’s no secret Apple Card has been easy to get (arguably too easy from the perspective of an issuing bank) which is incompatible with Chase’s standards. Wondering if this is Apple or Chase in talks and testing the waters with a leak to see what response is.

I’d selfishly like to see Amex taking over the card but that’d be pretty unlikely because of probable Mastercard exclusivity, relative lack of international popularity on Amex’s end, and it being a pretty bad business decision right now.

I would like that

Chase has zero incentive to take on the Apple Card with Apple’s terms, and Apple is not likely to give up the level of control that Chase would want in order to make a deal.

The only realistic option is that it goes to Capital One. I’d bet money on it.

I seriously doubt Chase is going to happen... Synchrony or Barclaycard seem way more likely.

I know nothing about banks or credit cards, does this mean it won't be a Mastercard anymore

What kind of absolute psycho would hold their phone to the terminal like this?

It would be amazing but probably never gonna happen. If it’s synchrony I will be closing my accounts

Chase insists on making money like Apple. I don’t see this.

I would actually be happy with this.

Nooooooooo. Big shouldn’t get bigger!

What would happen to the current card holders? It just rolls over or?

They should just stop pretending and make a bank and their own credit card company outright. They're already there.

Chase can eat my ass. They bought WaMu and then charged me to use my own debit card.

Now every bank does it, but good lord I hate that bank. Chase is what you do to them, away.

Shocker

Sounds like a good time to stop using credit cards, go back to a more cash friendly time where I bought and shopped all local.

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Jamie Dimon isn’t stupid enough to get involved on the same terms that Goldman was

What possible motivation would Chase have to take on this card? Its not like chase already doesn’t have a whole ecosystem of free well regarded credit cards

Apple Card has terrible benefits but it’s my main card because of the Wallet app integration. On Chase I have my Amazon Prime card and a Checking account so moving to Chase would be great if they could integrate all your chase accounts to the app.

It really does not matter who they go with. Whoever enters into an agreement with Apple is going to have to provide the same type of service that GS did. For customers it'll still be all done within the iPhone interface and will be no different than it is now. The only possible change that would matter for customers could be to Visa instead of master card.

That wouldn’t be so bad.