this post was submitted on 28 Nov 2023
1 points (100.0% liked)

Apple

111 readers
1 users here now

A place for Apple news, rumors, and discussions.

founded 2 years ago
MODERATORS
communick@hardware.watch
1
Apple Pulls Plug on Goldman Credit-Card Partnership (www.wsj.com)
submitted 2 years ago by _____WESTBROOK_____@alien.top to c/apple@hardware.watch
196 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] AudioGoober88@alien.top 1 points 2 years ago (3 children)

Consumer credit is a shitty business for companies

[–] nqthomas@alien.top 1 points 2 years ago

Amex has the lowest expectance rate. I’ll probably cancel this card if it goes to them.

[–] fatbob42@alien.top 1 points 2 years ago (1 children)

VISA, MC etc do very well

[–] AudioGoober88@alien.top 1 points 2 years ago

They’re payment processors, they don’t issue credit.

[–] CasinoAccountant@alien.top 1 points 2 years ago (1 children)

or Chase

[–] AudioGoober88@alien.top 1 points 2 years ago

Good consumer banking business from transaction volume, the actual lending of consumer credit is a minuscule % of their business.