The partnership with Goldman Sachs allowed the inception of the Apple Card, and since its official launch again in 2019, J.D. Energy, an analytics firm that gives varied statistics, says that the service has had the best buyer satisfaction ranking for the third consecutive 12 months.
“Apple Card has been named the Finest Co-Branded Credit score Card for Buyer Satisfaction with No Annual Charge within the J.D. Energy 2023 U.S. Credit score Card Satisfaction Examine, marking the third consecutive 12 months Apple Card and issuer Goldman Sachs have been acknowledged by J.D. Energy with a No. 1 rating of their section within the U.S. Credit score Card Satisfaction Examine.”
One main purpose why the Apple Card has garnered immense recognition is that it doesn’t cost prospects any annual charge, however it’s this similar perk that has compelled Goldman Sachs to rethink its partnership with Apple, as it’s reportedly unable to earn cash by way of this team-up. Different banks would share the identical ideas.
As a lot because the strained relationship may be between Apple and Goldman Sachs, Liz Martin, the pinnacle of Enterprise Partnerships of the monetary establishment, says that the financial institution is honored that it’s acknowledged by J.D. Energy.
“With Apple Card, we’ve got had a shared give attention to delivering a fantastic expertise and offering worth to our prospects for the reason that starting. As we’ve got introduced new choices and advantages to prospects, we’re honored to as soon as once more be acknowledged by them and J.D. Energy.”
To complement the Apple Card’s options, a Financial savings function was just lately introduced, permitting Apple Card customers to deposit their funds and earn an annual revenue from it. On condition that the APY (Annual Proportion Yield) is greater than what different companies present, it’s no shock that the function crossed $10 billion in deposits in simply three months after formally launching. Whether or not or not one other financial institution replaces Goldman Sachs, the Apple Card has obtained one other milestone and can seemingly increase the options set sooner or later.