Apple sides with Goldman Sachs for new credit card, leaving behind Barclays

A couple weeks ago, we reported that Apple had stopped supporting alternative credit sources for online purchases. One of them was PayPal credit. The other was Barclays.

Apple has, for the past few years, collaborated with Barclays to offer a Barclaycard Visa card with Apple Rewards with big points and extended financing terms. But this relationship may have come to a straining point — Barclays was, after all, the last major UK bank of the Big Four to offer its partnership on Apple Pay.

The Wall Street Journal reports that Goldman Sachs will be a new partner with Apple to offer an rewards-enhanced credit card. This bank recently acquired financial tech startup Final and could issue its first credit card. It could also cut off its reliance on American Express, which has provided Premium cards to Goldman customers.

Discuss This Post

Read More

Share This Post

Watch the Latest Pocketnow Videos

About The Author
Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.