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.
A researcher who was able to track people's use of the MTA subway system in New York, says that the same methodology exposes an Apple Pay vulnerability — but it's not clear if it actually does.
Through September 20, eligible cardholders who use their Apple Card for dining and travel purposes will get 5% Daily Cash back.
Apple partnered with Goldman Sachs to launch the Apple Card, and for the third time, the credit card has earned J.D. Power's number-one ranking in satisfaction.
Apple has changed Apple Card financing terms for iPhone, just ahead of its new device season.
Apple Savings deposits have hit a landmark $10 billion since inception, fueled by holders sweeping Daily Cash into the high-yield savings accounts.
Apple's relationship with Goldman Sachs led to the creation of the wildly successful Apple Card, but post-launch friction and a change in priorities has crashed the relationship into the rocks.
Goldman Sachs has reported more losses from its credit card operations, mostly attributable to Apple Card, and it's not clear when or how the bleeding will stop.
Apple Savings customers that inadvertently triggered fraud protection from large withdrawals had to wait days or weeks for money, and now they are being credited $100 for the inconvenience.
Apple Card has plenty of perks already, but for anyone who hasn't signed up for the credit card yet, Apple is looking to offer a hefty Daily Cash incentive to try and convince them.
Goldman Sachs may be bleeding money faster than previously thought on Apple Card, and it is reportedly trying to escape its partnership with Apple.
Apple has killed off Canada's last option for interest-free financing of iPhones, Macs, and more.
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Malcolm Owen
Wesley Hilliard
William Gallagher
Mike Wuerthele
Evan Selleck
Amber Neely
Andrew Orr
