topic Re: Apple Card Barclays in Credit Cards

Apple Card Barclays

Cory88 — Thu, 10 Dec 2020 01:19:09 GMT

I was talking to Barclay's today to add an offer so that I can buy a Mac and they told me that my Apple Card would be going over to Goldmans Sacks in the near future and did not have a time line on the change. This is the second time a rep told be about the Apple card but the last rep said the card would be changed over to a plan Barclay's card without Apple offers on it but the credit line would stay with Barclay's. Has anyone heard or gotten anything in the post about this?

Re: Apple Card Barclays

Matt9543 — Thu, 10 Dec 2020 03:12:19 GMT

@Cory88 wrote:
I was talking to Barclay's today to add an offer so that I can buy a Mac and they told me that my Apple Card would be going over to Goldmans Sacks in the near future and did not have a time line on the change. This is the second time a rep told be about the Apple card but the last rep said the card would be changed over to a plan Barclay's card without Apple offers on it but the credit line would stay with Barclay's. Has anyone heard or gotten anything in the post about this?

So essentially anybody that has the Barclays Apple Rewards card will get transitioned to an Apple Card? It seems like something that would work, but I definitely imagine there would be problems. I feel like something like this is a rare thing.

Re: Apple Card Barclays

FinStar — Thu, 10 Dec 2020 03:30:37 GMT

@Cory88 wrote:
I was talking to Barclay's today to add an offer so that I can buy a Mac and they told me that my Apple Card would be going over to Goldmans Sacks in the near future and did not have a time line on the change. This is the second time a rep told be about the Apple card but the last rep said the card would be changed over to a plan Barclay's card without Apple offers on it but the credit line would stay with Barclay's. Has anyone heard or gotten anything in the post about this?

I would take the agent's conversation with a grain of salt as there did not appear to be any purchase agreement by GS to acquire any existing Barclays cardholder accounts.

If such had been the case, you and other cardholders would've received some form of communication addressing that change. If you ever receive any future notification that indicates otherwise, definitely post it here.

Re: Apple Card Barclays

Cory88 — Thu, 10 Dec 2020 14:27:08 GMT

@FinStar wrote:
@Cory88 wrote:
I was talking to Barclay's today to add an offer so that I can buy a Mac and they told me that my Apple Card would be going over to Goldmans Sacks in the near future and did not have a time line on the change. This is the second time a rep told be about the Apple card but the last rep said the card would be changed over to a plan Barclay's card without Apple offers on it but the credit line would stay with Barclay's. Has anyone heard or gotten anything in the post about this?
I would take the agent's conversation with a grain of salt as there did not appear to be any purchase agreement by GS to acquire any existing Barclays cardholder accounts.

If such had been the case, you and other cardholders would've received some form of communication addressing that change. If you ever receive any future notification that indicates otherwise, definitely post it here.

The rep was from the manger department, I was surprised that she even said that as i'm sure I would have gotten something in the post by now if that was going to happen.

Re: Apple Card Barclays

FinStar — Thu, 10 Dec 2020 16:05:52 GMT

@Cory88 wrote:
@FinStar wrote:
@Cory88 wrote:
I was talking to Barclay's today to add an offer so that I can buy a Mac and they told me that my Apple Card would be going over to Goldmans Sacks in the near future and did not have a time line on the change. This is the second time a rep told be about the Apple card but the last rep said the card would be changed over to a plan Barclay's card without Apple offers on it but the credit line would stay with Barclay's. Has anyone heard or gotten anything in the post about this?
I would take the agent's conversation with a grain of salt as there did not appear to be any purchase agreement by GS to acquire any existing Barclays cardholder accounts.

If such had been the case, you and other cardholders would've received some form of communication addressing that change. If you ever receive any future notification that indicates otherwise, definitely post it here.
The rep was from the manger department, I was surprised that she even said that as i'm sure I would have gotten something in the post by now if that was going to happen.

But, as we have seen on the forums time after time, sometimes even supervisors or managers may not be well-informed. And, if such a transition were to have materialized, you'd see more forum members who currently hold the Barclays Apple CC sharing similar experiences, which hasn't happened so far. If it ever happens with your account, re-post again any such developments.

Re: Apple Card Barclays

JR_TX — Thu, 10 Dec 2020 16:31:20 GMT

Most likely inaccurate information from the CS rep. WSJ or any similar publication would have already reported such acquisition. That's such a high profile portfolio not to be reported so no I highly doubt that.

Re: Apple Card Barclays

Cory88 — Thu, 10 Dec 2020 20:36:42 GMT

@FinStar wrote:
@Cory88 wrote:
@FinStar wrote:
@Cory88 wrote:
I was talking to Barclay's today to add an offer so that I can buy a Mac and they told me that my Apple Card would be going over to Goldmans Sacks in the near future and did not have a time line on the change. This is the second time a rep told be about the Apple card but the last rep said the card would be changed over to a plan Barclay's card without Apple offers on it but the credit line would stay with Barclay's. Has anyone heard or gotten anything in the post about this?
I would take the agent's conversation with a grain of salt as there did not appear to be any purchase agreement by GS to acquire any existing Barclays cardholder accounts.

If such had been the case, you and other cardholders would've received some form of communication addressing that change. If you ever receive any future notification that indicates otherwise, definitely post it here.
The rep was from the manger department, I was surprised that she even said that as i'm sure I would have gotten something in the post by now if that was going to happen.
But, as we have seen on the forums time after time, sometimes even supervisors or managers may not be well-informed. And, if such a transition were to have materialized, you'd see more forum members who currently hold the Barclays Apple CC sharing similar experiences, which hasn't happened so far. If it ever happens with your account, re-post again any such developments.

Very true reps I don't think that they know what they are doing half of the time.

Re: Apple Card Barclays

Anonymous — Mon, 14 Dec 2020 17:09:42 GMT

This appears to be accurate. I got an Apple Card at the beginning of this month and the bank is Goldman Sachs. I was surprised to see Barclay's mentioned in the header of this thread. I'm attaching an image of the PDF of my first statement (with my name redacted).

Re: Apple Card Barclays

coldfusion — Mon, 14 Dec 2020 17:19:27 GMT

@Anonymous wrote:
This appears to be accurate. I got an Apple Card at the beginning of this month and the bank is Goldman Sachs. I was surprised to see Barclay's mentioned in the header of this thread. I'm attaching an image of the PDF of my first statement (with my name redacted).

2 different products.

Apple transitioned from co-branding with BarclaycardUS over to Goldman Sachs as the card issuer about 16 months ago. The cards issued by BarclaycardUS are still active but there hasn't been any public communication regarding future plans; unknown if GS will acquire the portfolio, the cards will continue to be supported as Apple cards or transitioned to a different Barclay offering, or if the accounts will be closed.

Re: Apple Card Barclays

redheadtempe36 — Sun, 27 Dec 2020 21:05:34 GMT

Reading this thread caught my interest as I have the card as well.

What really got my interest was the fact that the Barclays card is no longer offered either by Barclays or as a financing option on Apple.com.

I bought an iPad Pro in September, and Barclays was still on option on Apple.com at the time.

Wonder if the OP might be correct.

As a weird side note - Barclays (at least in the US) offers no "normal" credit cards? Every single one is co-branded.

Re: Apple Card Barclays

fatcomic — Mon, 28 Dec 2020 13:19:43 GMT

I just used my Barclay Apple Rewards Visa the other day, I had some ice on the windshield and didn't have anything with me to remove it, that little card scraped it off in a pinch.

I have the card and I keep telling myself to just cancel it but I keep it open hoping something good will come from Barclay to convert it to something useful. Right now there is no benefit to use the card.

Also, I dont think they can convert them to GS Apple Cards at this point, I'm sure I'm not the only person who has both cards, how would they handle that, combine the CL, and how would they handle the account age since my Barclay card is 4x as old as my GS Apple card, I think there are too many issues that would arise at this point to convert them.

Re: Apple Card Barclays

coldfusion — Mon, 28 Dec 2020 17:04:16 GMT

@fatcomic wrote:
I just used my Barclay Apple Rewards Visa the other day, I had some ice on the windshield and didn't have anything with me to remove it, that little card scraped it off in a pinch.
I have the card and I keep telling myself to just cancel it but I keep it open hoping something good will come from Barclay to convert it to something useful. Right now there is no benefit to use the card.
Also, I dont think they can convert them to GS Apple Cards at this point, I'm sure I'm not the only person who has both cards, how would they handle that, combine the CL, and how would they handle the account age since my Barclay card is 4x as old as my GS Apple card, I think there are too many issues that would arise at this point to convert them.

Normally any kind of conversion would have been negotiated between all 3 parties (Apple/BarclayUS/Goldman) as part of the rollover between issuers and not as a side arrangement made after the switch. Odds of that happening now are probably slim to none.

Without knowing the status or length of term of the current agreement between Apple and BarclayUS its hard to speculate the long terrm plan for the card. BarclayUS has at least for now stopped accepting new applications for any of their core cards and in general issuers do not support PCs between co-branded families so it's anyones guess as to the eventual outcome.

Re: Apple Card Barclays

Loquat — Mon, 28 Dec 2020 23:10:31 GMT

Maybe they'll just keep it around. Citi and Barclays both issue American Airlines cobranded cards and Chase and Amex both issue Marriott cards so maybe they'll just coexist.