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Surprise! Apple Terminates Barclays Credit-Card Partnership While Pushing Forward With Apple Card

By John F. Heerdink, Jr.

Reportedly, Apple Inc. (AAPL) has ended its longtime card partnership with Barclays Plc. and is moving attention to its own Apple Card product-financing plans. The Barclaycard Financing Visa offered customers to purchase Apple products at no interest for different amounts of time depending on the amount spent.

Apple will now push its users to its recently launched Apple Card Monthly Installments plan, offering its Cardholders in the U.S. to avoid interest payments for six, 12, or 24 months depending on the Apple device purchased. Apple had partnered with Goldman Sachs Group Inc. as its bank partner for the launch of its Apple Card in the U.S. in August 2019, the same month Apple and Barclays also ended its rewards program for its users.

Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Apple Ends Barclays Credit-Card Partnership Ahead of New Devices in Bloomberg)


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