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Apple credit card may be coming soon

Apple customers may also benefit from in-store loans made available by Goldman Sachs. (Source: Trend Hunter)
Apple customers may also benefit from in-store loans made available by Goldman Sachs. (Source: Trend Hunter)
According to a report by the Wall Street Journal, Apple has teamed up with investment bank Goldman Sachs to produce a joint credit card. The Cupertino-based company already has a deal with Barclaycard in regard to financing purchases of Apple products. Apparently, the upcoming card may feature the Apple Pay brand.

The Wall Street Journal has published an article stating that Apple has created a partnership with Goldman Sachs to release a new joint credit card. The tech giant has an existing agreement with the credit card provider Barclaycard, but the WSJ piece claims that people familiar with the matter expect Apple to replace that agreement with the Goldman Sachs deal.

The new credit card is likely to feature the Apple Pay brand and would probably bring the digital wallet service to a much wider customer base if made available in physical card form. It is not known yet whether there will be a rewards program included with the service, but having an Apple-branded credit card will no doubt appeal to the company’s huge fanbase regardless of potential extras.

There is some speculation that this latest union could help push Apple over the US$1 trillion mark in terms of market capitalization. Being known as the world’s first official trillion-dollar company would add some prestige to the organization that managed it, with Microsoft, Amazon, and Alphabet also vying for the title.

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Source(s)

Wall Street Journal (subscription required)

Pocket-lint

Axios

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2018 05 > Apple credit card may be coming soon
Daniel R Deakin, 2018-05-10 (Update: 2018-05-10)