_____WESTBROOK_____@alien.topB to Apple@hardware.watchEnglish · 10 months agoApple Pulls Plug on Goldman Credit-Card Partnershipwww.wsj.comexternal-linkmessage-square196fedilinkarrow-up11arrow-down11cross-posted to: [email protected][email protected][email protected]
arrow-up10arrow-down1external-linkApple Pulls Plug on Goldman Credit-Card Partnershipwww.wsj.com_____WESTBROOK_____@alien.topB to Apple@hardware.watchEnglish · 10 months agomessage-square196fedilinkcross-posted to: [email protected][email protected][email protected]
minus-squareAudioGoober88@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoConsumer credit is a shitty business for companies
minus-squareAudioGoober88@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoGood consumer banking business from transaction volume, the actual lending of consumer credit is a minuscule % of their business.
minus-squarenqthomas@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoAmex has the lowest expectance rate. I’ll probably cancel this card if it goes to them.
minus-squareAudioGoober88@alien.topBlinkfedilinkEnglisharrow-up1·10 months agoThey’re payment processors, they don’t issue credit.
Consumer credit is a shitty business for companies
or Chase
Good consumer banking business from transaction volume, the actual lending of consumer credit is a minuscule % of their business.
Amex has the lowest expectance rate. I’ll probably cancel this card if it goes to them.
VISA, MC etc do very well
They’re payment processors, they don’t issue credit.