Samsung is looking to launch a credit card in the US, reports The Wall Street Journal. The card will be a partnership between Samsung and British bank Barclays and it will use Visa as the payment network. This is clearly intended to compete with the Apple Card that rival Apple offers. That one is backed by Goldman Sachs and Mastercard (though we hear that Goldman Sachs wants out). Samsung and Barclays are reportedly in “advanced talks” and should make a formal announcement by the end of the year. Apparently, talks are taking longer than expected. Both companies have something to gain...
Apple Card is a banking service for Apple users in the United States. It has a Savings feature, allowing customers to earn interest on cashback deals, and the rate was 4.15% when introduced. The rate changed several times over time - in March, it was 3.75%, and today, it is reduced to 3.65%, its lowest since the service was introduced. Apple Card The interest rate matches that Goldman Sachs offers through its savings account. Apple is the main partner for this banking service. The 3.65% percentage was adjusted based on overall economic conditions, and while it is lower than...
Ever since its introduction in 2019, the Apple Card has been powered by Goldman Sachs, but that might change soon. Yesterday Goldman Sachs' CEO said his company's deal with Apple could end early, and today a new report claims two other institutions are ready to step in: the Barclays bank and the financial services company Synchrony. As you might expect for something like this, Apple, Barclays and Synchrony have declined to comment. The report cites "two sources familiar with the matter". Apparently, negotiations between Apple and Barclays have been ongoing for "several months". That...
Ever since its introduction in 2019, the Apple Card has been powered by Goldman Sachs, but that might change soon. Yesterday Goldman Sachs' CEO said his company's deal with Apple could end early, and today a new report claims two other institutions are ready to step in: the Barclays bank and the financial services company Synchrony. As you might expect for something like this, Apple, Barclays and Synchrony have declined to comment. The report cites "two sources familiar with the matter". Apparently, negotiations between Apple and Barclays have been ongoing for "several months". That...
Apple announced a Savings feature for Apple Card owners over six months ago, but it's only now that he feature is finally live. The Savings account will offer a 4.15% APY (Annual Percentage Yield) for all Apple Card clients in the United States, thanks to a partnership with Goldman Sachs. The rate is over 10 times the national average, Apple revealed. The Federal Deposit Insurance Corporation website reveals the rate across the United States is 0.37% as of March 2023. Apple Card features Previously the company offered Daily Cash - a cashback program. Users who pay with Apple...