- A Goldman Sachs rival pulled out of the Apple Card deal on fears it will be a money loser by CNBC. I wonder if Citi walking away had anything to do with the previous Costco acquisition?
- Taking a Flyer – Using a Still-Live Link to Apply for the US Bank Radisson Rewards Business Visa Card by Middle Aged Miles. Really been enjoying posts from MaM recently.
Deals starting/expiring at the end of today or starting today (view the full deal calendar here):
- None
Deals starting/expiring at end of tomorrow:
- M life Rewards Mastercard From FNBO Review – Is It Worth Signing Up For? (New One Night Free Offer)
- [Select Areas In OH, PA, CT, NY] Keybank $300 Checking Bonus
- Discover Checking Account Cashback Match Bonus, up to $210 Bonus Match
- Subway App $5 off $10 when Paying with Paypal (though May 30)
- Expedia: 20% Off Activity Bookings With Promo Code VACATION20
- My Sprint Rewards: Free FandangoNow Movie Rental
- [Targeted] eBay: up to 10% back in eBay Bucks, $25 Minimum Purchase [5/28-5/30]
Here are some of the most popular posts from yesterday:
https://www.bbc.com/news/stories-47675301
We had facebook before under a different name and medium.
I’m glad that Apple went with Goldman Sachs for their new card product, instead of an also-ran like Citi. It’s already well known how Citi does business… their way or the highway; and there’s nothing new to uncover there.
But, having Goldman Sachs enter the credit card market adds new opportunities for customers that don’t want to deal with Citi for whatever reason. This provides all consumers a new choice, regardless of their past banking relationships; so long as their credit warrants it.
There will be new data points, and fresh competition… that this market desperately needs. Competition – and choice – is always a good thing, in my book.
Well said.
It was probably not the best idea for GS to cut their teeth on a product that all of the other, experienced issuers felt would be a profit dud.
They’ll take the loss on it, for the long term good of building out their consumer business and brand. Losses on apple card will be a rounding error to GS.
That’s actually not what the story said. All the other card issuers competed to the very last hour to get the deal. Citi, as far as we know is the only one who bailed early, of course some other banks felt the same way and choose not to put bids in at all.
I’m all for another bank in issuer game to milk. Hopefully GS pushes out a premium card down the road (with a nice sign up bonus).
Thanks for the link, Will. And I really appreciate the nice compliment! That was fun yesterday to work through the Radisson Rewards Biz card research and take a crack at the application. I hope the article is helpful to the community. ~Craig
Just gave it a try today after seeing your followup post. Fingers crossed!