Apple is working with Goldman Sachs to release a credit card, according to an unconfirmed report. This will apparently take the place of the company’s current Rewards Visa.
The card will be offered under the Apple Pay brand. Goldman Sachs will allegedly replace Barclays as Apple’s partner for credit cards.
This information has yet to be confirmed, but the report comes from no less a source than the Wall Street Journal, so it’s not the usual questionable internet rumor.
Goldman Sachs doesn’t currently offer any credit cards, so this would be a foray into a new area for the Wall Street firm.
About the Barclaycard Visa
It’s not clear how this change will affect holders of the current Apple Rewards Card.
As it stands now, purchases made with the Barclaycard Visa earn 3 points for every dollar spent at Apple, 2 points for every dollar spent at restaurants, and 1 point for all other purchases. Every $2,500 points gets a $25 Apple Store Gift Card or App Store & iTunes Gift Card.
While it’s possible the Goldman Sachs card will offer these same rewards, changes could just as easily be on the way.