Posted by William Charles on May 29, 2019
Recaps

Published on May 29th, 2019 | by William Charles

9

Recap: Citi Pulled Out Of Apple Card Deal, Radisson Rewards Business Link & More

 

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:

Here are some of the most popular posts from yesterday:



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Craig at Middle Age Miles

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

Burton
Burton

Just gave it a try today after seeing your followup post. Fingers crossed!

YoniPDX
YoniPDX

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).

Mike L
Mike L

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.

nah
nah

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.

Dubya
Dubya

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.

doc
doc

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.

Keynote
Keynote

Well said.

Debit
Debit

https://www.bbc.com/news/stories-47675301

We had facebook before under a different name and medium.

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