Visa previously threw out cash to become the payment processor for Costcos credit card.
Goldman was desperate to get into consumer lending during the pandemic, and Apple essentially fleeced the bank.
The tech giant is increasingly becoming the epicenter of many consumers daily payments and other financial habits.
Apple might replace Mastercard with Visa for its credit card product.Michael Short/Getty
The data pipe that locks in this deal is expecting to stay close to Apples future payments efforts.
The card also does not offer perks of other cards, like purchase protection or access to exclusive lounges.
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