A new joint credit card will be offered under the Mastercard payment network and this one is the result of a collaboration between an investment company and a tech firm. Apple partners with Goldman Sachs for a joint credit card that will allow users some flexibility, as well as a few rewards. For one, holders can navigate their account via the Apple Wallet app. This means that they can "set budgets, track rewards and manage their account balances." Moreover, the credit card allows users to get 2% cash back, as well as the opportunity for higher rewards on Apple products.
The joint credit card is "yet another revenue strategy" for the tech giant, while it provides a consumer-facing opportunity for Goldman Sachs.
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