_____WESTBROOK_____@alien.topB to Apple@hardware.watchEnglish · 1 year agoApple Pulls Plug on Goldman Credit-Card Partnershipwww.wsj.comexternal-linkmessage-square196fedilinkarrow-up11cross-posted to: hackernews@lemmy.smeargle.fanshackernews@derp.foo
arrow-up11external-linkApple Pulls Plug on Goldman Credit-Card Partnershipwww.wsj.com_____WESTBROOK_____@alien.topB to Apple@hardware.watchEnglish · 1 year agomessage-square196fedilinkcross-posted to: hackernews@lemmy.smeargle.fanshackernews@derp.foo
minus-squareAudioGoober88@alien.topBlinkfedilinkEnglisharrow-up1·1 year agoConsumer credit is a shitty business for companies
minus-squarenqthomas@alien.topBlinkfedilinkEnglisharrow-up1·1 year agoAmex has the lowest expectance rate. I’ll probably cancel this card if it goes to them.
minus-squareAudioGoober88@alien.topBlinkfedilinkEnglisharrow-up1·1 year agoThey’re payment processors, they don’t issue credit.
minus-squareAudioGoober88@alien.topBlinkfedilinkEnglisharrow-up1·1 year agoGood consumer banking business from transaction volume, the actual lending of consumer credit is a minuscule % of their business.
Consumer credit is a shitty business for companies
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.
or Chase
Good consumer banking business from transaction volume, the actual lending of consumer credit is a minuscule % of their business.