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A comment on Apple announces Apple Card credit card. Parent comment

Re:Apple announces Apple Card credit card by astura on Monday March 25, 2019 @03:18PM (#19485824)
Read here to learn about credit card partners, and how it works:

https://www.doctorofcredit.com/everything-you-ever-wanted-to...

Essentially, in this case, the underlying bank (Goldman Sachs) handles all the finances and the partner (Apple) lends their name/brand and receives a small kickback on card activities.

[ Parent | on HN ]
Re:Apple announces Apple Card credit card by arcticbull on Monday March 25, 2019 @04:26PM (#19486464)
Yeah, its basically an Apple co-branded card with some neat UI on top of it.
[ Parent | on HN ]