Published 11/29/2023 2:54:00 a.m.

Apple ending Apple Card partnership with Goldman Sachs

Apple has proposed ending its partnership with Goldman Sachs within the next 12 to 15 months, which would require finding a new financial partner for the Apple Card and high-yield savings accounts.
The partnership has been rocky due to Goldman Sachs' shifting consumer banking ambitions and alleged issues with refunds, billing errors, and gender discrimination.
The termination could impact the credit card service and savings account product launched earlier this year, potentially leading to changes in Apple's financial products.

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Times of India

Apple to end credit card partnership with Goldman Sachs: Report

The tech giant recently sent a proposal to the Wall Street bank to exit the contract in the next 12 to 15 months, the report said, citing people briefed on the matter. Apple and Goldman had started to roll out a virtual credit card in 2019.

11/29/2023 2:03:04 a.m.·India

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Globo

Apple cancels partnership with Goldman Sachs credit card

The pullback began at the end of 2022, after Goldman lost billions of dollars while trying to build a customer service operation; earlier this year, the bank told Apple that it would try to get rid of the partnership

11/29/2023 1:24:59 a.m.·Brazil

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New York Post

Apple reportedly pulling plug on Goldman credit card partnership

The tech giant recently sent a proposal to the Wall Street bank to exit the contract in the next roughly 12 to 15 months, the report said.

11/29/2023 12:12:01 a.m.·New York, United States

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CNBC

Apple is trying to unwind its Goldman Sachs credit card partnership

The move would end one of the highest-profile partnerships between giants in the tech and banking sectors.

11/28/2023 11:50:33 p.m.·United States

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The Hill

Apple to end Goldman Sachs credit card deal

Apple will end its credit card program with Goldman Sachs in the next 12–15 months, multiple media outlets reported Tuesday, citing sources familiar with the deal. Apple launched the Goldman-backed card in 2019 to consumer fanfare alongside a flashy ad campaign promising a credit card not from a bank, where nearly any Apple customer could…

11/29/2023 2:47:01 a.m.·Washington, United States

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