Patcay.com – Apple and Goldman Sachs announced that they will end their relationship in 2024. This ends a partnership that has lasted for five years, since the Apple Card was launched in 2019.
Apple and Goldman Sachs did not give specific reasons for ending their relationship. However, there are several possible reasons.
One possibility is that Apple wants more control over Apple Card. Apple has invested heavily in financial services, and wants to have more control over its products.
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Another possibility is that Apple wants to expand Apple Card to more countries. Goldman Sachs is a US-based bank, and may not have the resources or expertise to expand Apple Card outside of the US.
- What happens to the Apple Card after Apple and Goldman Sachs end their relationship?
Apple has said that they will take over the Apple Card operations. This means that Apple will be responsible for issuing cards, processing transactions, and providing customer service.
Apple has not provided further details on how they will take over the Apple Card operations. However, they have said that they will ensure that Apple Card customers will continue to receive the same or better experience.
Apple Card is a popular credit card, with more than 10 million customers in the United States. Apple says that they expect to continue to grow the Apple Card in the future.
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Here are some possibilities of what could happen to the Apple Card after Apple and Goldman Sachs end their relationship:
- Apple may lower the interest rate or annual fee for the Apple Card.
- Apple might add new features to the Apple Card, such as better rewards or higher cashback.
- Apple might expand the Apple Card to more countries.
We’ll see what happens to Apple Card in the future.