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SoFi should make a pitch?
SoFi can’t even manage to fix their own credit card issues, and their card is underwritten by another bank.
Ok. So SoFi is off the list.
Apple could be the bank themselves if they wanted
It will be a big shit if Apple partners with amex and offers no amex fee to all Apple users.
So the cards will stop working soon?
It’s sounding like that remains to be learned. Based on the article, it’ll be at least another year before Goldman Sachs officially stops backing the card so not anytime “soon”. In that time it’s conceivable Apple could arrange for another creditor to back the card.
Welcome synchrony bank. LMAO!!
Going to Amex I believe.
That was the rumor. BUt lets hope that does not happen. If does then I can’t use it any longer.
I live half my time in South East Asia and Amex is not taken there at 90% of places.
acceptance would be an issue. visa or mastercard issuer would be better for apple for sure.
Please not synchronicity.
That sucks. The functionality has been excellent, IMO. I like it much better than my cards from Chase or Amex.
It’s crazy how user experience plays such a big role in these things. Wells Fargo can’t make a good app for the life of them. AMEX and Citi have gotten better, but none are near the ease of use I get from the Apple Card. That’s why it’s my daily.
Amex definitely best aligns with Apple but I understand why they’re hesitant. Amex treats me like a human which I greatly appreciate
AMEX customer service is mediocre if you need assistance with something beyond the basics, which is ridiculous for a company that size and if you have a high tier card like the Platinum.
Dang. This stinks. Auto populating card info is really nice.
That will still work with any cards you have saved in keychain.
so we don’t have to pay off any remaining balances? Hooray! /s
If only 😂😂
I mean, if any company has the resources and bandwidth to spin up an in-house operation, it’s Apple. I’m sure they’re, at the very least, considering going partnerless.
Especially since, given Goldman’s experience, I’m sure any contract with a new partner would pass more of the losses on to Apple than previously.
Technology companies venturing into financial services doesn’t usually go well. Ask GE
Throwing money at a problem solves nothing.
Being a bank is lucrative if done right — just ask the airlines.
Which airlines run a bank?
Isn’t that hyperbole? They’re not doing banking, they’re running a rewards program that has a vague dollar value but really serves no function of a traditional bank.
they turned airlines into something more like financial institutions that happen to fly planes on the side
For example here they’re hedging. It’s like financial institutions.
Here’s how the system works now: Airlines create points out of nothing and sell them for real money to banks with co-branded credit cards.
So, they’re like banks if they partner with banks to run a program.
This argument does not pass the sniff test to me. It’s just The Atlantic selling a narrative so their readers can talk about something to sound clever.
Starbucks is like the 7th biggest bank in the WORLD!
Let Amex take over and have Amex issue Mastercards since there is a deal in place until 2026 jajajajaja .
At one time, I was on the edge of getting the Apple Card because of their $0 interest on almost all Apple products, including the iPhone, but once they got rid of the unlocked iPhone with 0% interest, I knew the writing was on the wall.
Especially when it was directly competing with the iPhone Upgrade Program.
It’s still unlocked……
So…what happens to my 4.15% APY?
How much do you have in there?
If it’s only a few K (rainy day) you could split them up with someone like NetSpend…
There’s a bit of setup to avoid inactivity fees, but they currently have 5% on 1K and 6% for 2K. There’s also HEB that offers 6% on 2K.
If you got about 5K, it’s definitely worth the setup process
Will have to wait to find out, but Capital One and Ally are both at similar numbers.
I mean Goldman currently offers 4.4% on their Marcus accounts, with boost to 5.4 with a referral. I don’t think it will be hard to find someone willing to match or even exceed 4.15 the way rights are at this currently moment.
Should have moved to betterment months ago. They are at 5.5%
So glad I never got one.
im pretty sure 99.99% of people got an apple card for the “lolz”. the cool thing about it is (1) it doesn’t have a card number/cvv and (2) its heavy, so its fun to drop
It definitely has a card number and cvv, but if you meant on the card then you are correct. The card just has your name on it. Apple Card is the best credit card I’ve ever had.