Today, The Wall Street Journal reports that Apple has sent Goldman Sachs a proposal that will end their partnership within the next 12 to 15 months, leaving Apple to find a new backer for its financial products.

It's worth noting that plenty of customers have had positive experiences with the Apple-Goldman Sachs partnership. In fact, in 2021, Apple announced that Apple Card customers ranked Goldman Sachs and Apple Card "No. 1" in customer satisfaction among the mid-sized credit card market.

Multiple reports have emerged that Apple (NASDAQ:AAPL) has cut a deal with Goldman Sachs (NYSE:GS) to exit its partnership regarding the popular Apple Card.

Apple forayed into the world of finance way back in 2019. The company introduced its own credit card and high-yield savings account services in partnership with American investment banking behemoth Goldman Sachs.

Apple is pulling the plug on its credit-card partnership with Goldman Sachs, the final nail in the coffin of the Wall Street bank’s bid to expand into consumer lending. The tech giant recently sent a proposal to Goldman to exit from the contract in the next roughly 12-to-15 months,

Apple could be on its way to terminate its partnership with Goldman Sachs for the Apple Card, though the card itself could live on. Read on!

Apple will end its credit card program with Goldman Sachs in the next 12–15 months, multiple media outlets reported Tuesday, citing sources familiar with the deal. Apple launched the Goldman-backed card in 2019 to consumer fanfare alongside a flashy ad campaign promising a credit card not from a bank,