Details
Written by: RJ
In a recent Reuters interview, Goldman Sachs top boss says the Apple Card contract could end early:
“We have a contract with Apple to run that partnership until 2030, although there’s some possibility that it won’t continue until that time frame,” Solomon told analysts on an earnings call.
Thoughts
Don’t see why it couldn’t end early. Both sides seem to want out. The Mastercard portion of the deal runs through 2026. Aside from Amex, any other issuer could take on an Amex card.
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Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, vendors or companies, and have not been reviewed, approved, or otherwise endorsed by any of these entities.