Chase could be the best partner for Apple Card, a report proposes, with previous history between the bank and the iPhone maker seemingly making it the best possible successor to Goldman Sachs for Apple's credit-based service.
Goldman Sachs and Apple seem likely to part ways by early 2025, but a vague statement from Apple provides little reassurance to existing Apple Card customers.
Goldman Sachs is expected to stop issuing the Apple Card in early 2025, as the companies seek other financial institutions to back the card and savings account.
Following reports of financial firm Goldman Sachs's deteriorating relationship with Apple, the company's CEO has avoided saying anything about wanting to pull out of its Apple Card and Apple Savings deals.
Apple Card and Apple Savings are performing so poorly for Goldman Sachs, one executive has reportedly said that "we should never have done this f****** thing."
The UK still doesn't have Apple Card, but it was an early adopter of Apple Pay, and in what looks like the first of more exclusives to come, iOS 17.1 is adding support for bank balances in Apple Wallet.
Apple and Apple Card financial partner Goldman Sachs are said to have abandoned nascent plans to co-develop a stock trading app like Robin Hood for iPhones, but it's not completely clear why.
After a tumultuous period between Apple and Apple Card partner Goldman Sachs involving Apple Savings customer withdrawals, the issues appear to be mostly solved with loosened anti-fraud protections.
Apple Card holders can get up to $100 in Daily Cash by adding new members to their Apple Card Family with the latest promotion from Apple.