A Barclays agent didnt have any instant comment, and Apple didnt right away react to a request for comment.
Barclays counts airline companies such as JetBlue Airways Corp. and American Airlines Group Inc. amongst its biggest U.S. partners. The bank has actually seen costs on its cards slow as customers abandoned itinerary throughout the coronavirus pandemic. Previously this summer, the bank likewise temporarily stopped taking brand-new applications for its co-brand charge card with Uber Technologies Inc
. For Apples part, it will instead point users to its just recently launched Apple Card Monthly Installments plan, which lets Apple Card holders in the U.S. avoid interest payments for six, 12 or 24 months, depending upon which Apple device is acquired.
Apple chose Goldman Sachs Group Inc. as its bank partner to launch the Apple Card in the U.S. in August 2019, and the partnership with Barclays began winding down then. That same month, Apple and Barclays ended its benefits program, which provided users three points per dollar invested on Apple purchases as well as gift-card bonuses.
For more posts like this, please visit us at bloomberg.com
Subscribe now to stay ahead with the most trusted service news source.
© 2020 Bloomberg L.P.
Apple will be announcing its plans for 2 new Apple Watch designs and a new iPad Air on Tuesday. Apple informed personnel that existing cardholders can keeping utilizing the card as a typical credit card.
For Apples part, it will instead point users to its recently introduced Apple Card Monthly Installments plan, which lets Apple Card holders in the U.S. prevent interest payments for 6, 12 or 24 months, depending on which Apple gadget is acquired.
(Bloomberg)– Apple Inc. on Tuesday ended its longtime card partnership with Barclays Plc, a move created to concentrate by itself Apple Card product-financing strategies.
Clients will no longer have the option to get the credit card in stores or by means of the businesss site starting Tuesday, the Cupertino, California-based technology giant informed retail staff members in a memo. Apple will be revealing its strategies for two brand-new Apple Watch models and a new iPad Air on Tuesday. Apple told staff that existing cardholders can keeping utilizing the card as a normal credit card.
The Barclaycard Financing Visa offer allowed customers to buy Apple products at no interest for different amounts of time depending on how much they invested. If a user invested less than $499 on an Apple purchase, they would get 6 months of no interest payments. They would get the deal for 18 months if they invested more than $999.
