Apple

As someone who has Chase and has had literally zero problems with them in over a decade. This would be ideal for me.

They should just stop pretending and make a bank and their own credit card company outright. They're already there.

Apple hyped this credit card so much when launched. Ads galore. 🤡

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Jamie Dimon isn’t stupid enough to get involved on the same terms that Goldman was

I’d be down with chase or Amex

I’ve had Chase for like 15 years (they bought Washington Mutual) and it’s one of the few, consistent and reliable things I’ve had in my life. Bring it on.

Kind of wish Apple would focus on a bank that’s better for the environment and invests people’s money in good causes like they want to do with their carbon neutral products. A good bank could be Atmos Financial, although idk if they’ll support the influx of so many new people because they’re pretty small

Interesting. Could be an easier option for rollout in other markets, as Chase operate in big markets like Canada and UK

It really does not matter who they go with. Whoever enters into an agreement with Apple is going to have to provide the same type of service that GS did. For customers it'll still be all done within the iPhone interface and will be no different than it is now. The only possible change that would matter for customers could be to Visa instead of master card.

I‘d wager Apple won’t announce anything till middle of 2024. The migration of users will probably see several stalls to the timeline.

Chase >>>> Synchrony

Maybe they could roll it out in other countries then just the US

I am thinking about stopping using a chase credit card (freedom card) because the rewards are atrocious. If Apple went to Chase I might see if I can replace the freedom with Apple.

I don’t see it happening, at least not without significant changes to the card itself. The whole premise of the Apple Card is to provide tools and policies that help cardholders cut down on the types of spending that actually lead to card issuers making money. The Apple Card transaction volume would have to be really high to offset the lost opportunity for interest revenue, and if that were the case Goldman probably wouldn’t be struggling right now.

I don’t see what Chase has to gain from taking on this card. It’d need to be a non-dominant player with something to gain from growth.

Kinda surprised - goldman was losing lots of money with the Apple card. Surprised JP Morgan would take the risk per se.

Back when I was too young and stupid to understand how bad having credit card debt was, I had cards from a few companies including Chase. I remember Chase had the biggest fees whenever I made late payments. I soon realized that I need to pay them off and not use credit cards unless I pay them off every month, which I've done ever since. This experience leads me to wonder: who is this "ideal" partnership between Apple and Chase "ideal" for?

Apple might do it with SoFi.. because SoFi likes to put its name on everything.

How does Mark Gurman get paid to be so wrong so often? Since the signing of the Paris Agreement in 2015, Chase has lent at least $434 billion to fossil fuel interests. There is no way Apple is going to get in bed with them.