Apple Abandons Credit Card Partnership With Barclays

Apple (NASDAQ: AAPL) is making its branded credit card more exclusive. On Tuesday, Bloomberg reported that the tech giant has abandoned its long-standing card partnership with U.K.-based bank Barclays (NYSE: BCS) in a move that clearly favors, and is sure to benefit, its native Apple Card product.

Through the partnership, eligible holders of the Barclaycard Financing Visa could obtain 0% financing for Apple products. This made the card attractive for those desiring expensive Apple laptops or other high-end devices, but hesitant to pay their lofty prices in one go.

At the beginning, the card actually had Apple branding, as the Barclaycard Visa with Apple Rewards.

Continue reading


Source Fool.com