According to Bloomberg Goldman Sachs has signed a deal with T-Mobile to launch a co-branded credit card. This is Goldman Sach’s third credit card partnership following deals with Apple & GM. Competitor Verizon currently has a partnership with Synchrony.
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After bankrupting Greece, they wanna bankrupt T-Mobile now? More importantly, what kind of perks are we looking at with this card?
I used to work at Goldman Sachs in Operations close to the team that supported the Apple Credit Card.
On the back end their card processes are being held together by Popsicle sticks, super glue, and poor stressed out kids using a UI that doesn’t work half the time. I personally wouldn’t ever open an account with them LMAO.
Headline – Apple Card has a 2.93% net charge-off rate
GS – “Hold my beer”
They better not do a Verizon and make their card the only option for autopay. I just left Verizon for T-Mobile after 30 years… Tired of their BS. The card will be worthless if they pull the Verizon stunt, and pay in T-Mobile dollars, instead of actual CB. I’ll stick with my Cash Plus 5% on cell phone bill.
Goldman can’t lose anymore money huh.
After the mess they made of the GM card portfolio, including accidentally re-opening accounts of deceased cardholders, I would want to touch this with a ten foot pole.
meeh Cemetery company ….
If I sign up for it will they add insurance and other junk without my permission like the stores do?
Huh. Could be interesting if some nice cash back perks are offered to Tmo customers, or bonus cash back when paying bills.
Chase Ink Cash offer 5% already. I doubt they can offer more then 5% on this card.
I use my Ink Preferred instead because of phone insurance. Maybe GS could offer 5% + insurance, which MIGHT make it interesting.
Apple credit card isn’t doing well. “I’ll fucking do it again” – Goldman Sachs