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Apple in Talks With Goldman Sachs for Apple Pay Branded Credit Card

Apple in Talks With Goldman Sachs for Apple Pay Branded Credit Card

The Wall Street Journal today reported Apple and Goldman Sachs are in talks to release an Apple Pay branded credit card.

Citing the ever-popular “sources familiar with the matter,” the WSJ report says the card is coming as soon as early 2019, and would replace Apple’s current Barclay’s reward card.

The two industry giants are said to still be discussing the matter, and are working out terms and conditions for consumers, as well as what perks would be offered. Apple’s current Barclay’s card offers interest-free financing on Apple devices, as well as Apple Gift Cards once enough qualifying purchases have bene made using the card.

In addition to the new credit card, Goldman Sachs is also reportedly looking to offer loans to consumers and enterprise customers that are buying Apple products.

Apple currently has a deal with Citizens Financial Group to fund purchases in the Cupertino firms iPhone Upgrade program. The program offering is essentially an interest-free loan for the device.

Neither Apple or Goldman Sachs have issued official comments on today’s WSJ report.

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