Apple Card contributes to another $667 million loss for Goldman Sachs: ‘We did not execute well’

Back in January, we learned that Apple Card has been responsible for more than a billion dollars in losses for...

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I’m mystified as to how Goldman isn’t making money here. The credit card won’t let you do a balance transfer to another card at an introductory rate to pay things down. So they have their customers trapped.

I have the card and savings account, but I’m not carrying a balance on the credit card now, In the past though, they certainly made money off me.

There must be a lot of defaults.

6 comments