FlyerTalk Forums - View Single Post - Amex to takeover Apple credit card from Goldman?
Old Jul 6, 2023 | 9:47 am
  #19  
stanj
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Originally Posted by dayone
I doubt there will be a "better offer" from another bank. More likely, GS will have to buy down the current deal so it can be sold.
Exactly that. I think the current deal runs to 2029, so not much incentive for Apple to give up much at this point. If GS wants out, they're going to have to come up with some kind of sweetner for Apple to agree. But if GS has lost $1 billion on the partnership, they may be willing to pay a hefty sum to stop the bleeding.
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