1STnTENDERBITS

I said it in the other thread, but it bears repeating in this one.  This:
"More beneficial to Apple is that this is revenue with minimal risk or effort required on its part, aside from integrating the functionality. As Goldman Sachs is effectively paying Apple to access its customer base, and is handling all operations, managing credit exposure, collecting bills, and dealing with customers, this "should be almost pure profit to Apple," the analysts believe."

↑↑  That should scare the living tish out of anyone applying for one of these cards.  If the analyst is accurate, Apple gets paid a ton with little risk. Yaaaaaaay.  Yaaaaaaaay.  Our favorite company gets to make more money.  Yaaaaay (not really sure why, but Yaaaay anyway). You howerver, Mr or Ms Cardholder, you get to deal with Goldman Sachs, a company with a proven history of financial responsibility and regard for their customers well being.  ← tee hee.  Hopefully they're no longer the Goldman Sach we've come to know an love. ← tee hee.

Make good financial decisions people.  

Soli said:

1STnTENDERBITS said:

It should worry everyone that all the normal entities in cc financing took a pill and Apple ended up with Goldman Sachs.  Goldman.Sachs.  Call me cynical, but I feel Goldman, in typical Goldman fashion, found a way to make this venture potentially profitable in ways the others didn't.  How that potential profitability will affect cardholders... it's Goldman.  I don't have confidence the affect will be positive.

All the others already have CCs available so this could cut into their bottom line, but since GS doesn't there is nothing to cannibalize? \_(ツ)_/¯ 

I don't begrudge anyone for wanting the card.  Just from personal perspective, anything associated with Goldman gets a side eye.  They weren't alone in financial shenanigans, but they were spectacular in their raw greed and disregard for everything and everyone.  I don't need another credit card, and I hope the people who get it don't end up regretting it.  If I did need/want a card, it wouldn't be knowingly associated with GS.  

It should worry everyone that all the normal entities in cc financing took a pill and Apple ended up with Goldman Sachs.  Goldman.Sachs.  Call me cynical, but I feel Goldman, in typical Goldman fashion, found a way to make this venture potentially profitable in ways the others didn't.  How that potential profitability will affect cardholders... it's Goldman.  I don't have confidence the affect will be positive.  

Hopefully I'm wrong because at the end of the day it's average people that could be affected.  Maybe Goldman has cha-  

"Goldman Sachs seeks to disrupt consumer finance by putting the customer first," claimed a Goldman Sachs spokesman. "We are excited for customers to use Apple Card, which is designed to help people take control of their financial lives."

↑↑ Should put everybody on edge.

Sounds like Apple using 4-corner or 8-corner testing to make sure their chips vulnerable to cold boot hacks.

flydog said:

Or you could just rename the game.  What was Apple supposed to do, get slapped with a trademark infringement suit that it would lose?

Apple was supposed to do what they finally did... restore the app to the rest of the world and remove it in the Chinese App Store.  It would have been better had they done that initially, but they did ultimately do the right thing.