During the Goldman Sachs Q3 2021 earnings call they revealed a few interesting points regarding new credit cards for their consumer facing Marcus brand:
We have our own credit card platform that is really differentiated, we’re onboarding other partnerships, and we have a proprietary card that’s in development.
They also announced that plans for a digital checking account are on track and expected in 2022.
We’ve talked publicly about adding digital checking to the portfolio during 2022, and that is on track and it’s expanding.
Marcus already offers a digital savings account, it will be interesting to see if the checking account launches with a sign up bonus like the savings account has offered in the past.
Hat tip to Econ0mist
