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A comment on Goldman Sachs reportedly said Apple Card savings account was a mistake. Parent comment

Re:Goldman Sachs reportedly said Apple Card savings account ... by TheRealPomax on Monday October 16, 2023 @12:40PM (#37902489)
In Europe I have zero reason to even get a credit card: all bank accounts have an IBAN number, and works with every other bank that is part of the EU banking system. including any online ordering I need to do.

Why would I sign up for a system that hands my money over to a US bank, no matter how much they lose on that deal.

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Re:Goldman Sachs reportedly said Apple Card savings account ... by sschueller on Monday October 16, 2023 @12:50PM (#37902642)
In the US you can get huge amounts of credit on credit cards and only pay the minimum for the rest of your life with an interest rate of 35%.

It's a giant dept trap that only partially has come to Europe due to those pesky regulations making it difficult to put teenagers in huge dept. /s

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