Goldman Reportedly Offloading Apple Card, Robinhood Buys X1, YouTube Partner Program Update +More

June once again brought us that could affect your wallet. So, I’ve compiled some of these top stories from this past month to share, including a possible shake up involving the apple card, a new card from Chase, a streaming service actually cutting it’s price, and more.
00:00 Intro
00:17 Goldman Selling Apple Card?
01:09 Robinhood acquires X1
01:57 Chase Freedom Rise
02:39 Masterclass price cut
3:32 CLEAR Alaska parnership
04:40 UA-cam Partner Program updates
5:55 SUBSCRIBE
Apple Card story: fioney.com/goldman-sachs-repo...
Robinhood X1: fioney.com/robinhood-to-acqui...
Freedom Rise: fioney.com/chase-introduces-f...
Masterclass: moneyat30.com/masterclass-act...
CLEAR: fioney.com/clear-announces-ne...
UA-cam Partner Program update: moneyat30.com/youtube-partner...
First up, let’s talk about reports that Goldman Sachs is looking to offload the Apple Card
According to the Wall Street Journal, Goldman Sachs has been in talks with American Express about the latter company acquiring the Apple Card. However, as of this recording, there’s no way to know whether these talks will lead to an actual deal or what such a deal would look like. Nevertheless, it is a big development as the Apple Card was Goldman’s first consumer credit card and the company said it was committed to the program despite it leading to losses. On that note, the company also recently launched the Apple Card Savings account as well as Apple Pay Later.
Speaking as a fan of Amex, I’m inclined to welcome the company’s potential takeover of the Apple Card - although I doubt my biggest wishes would come true. Specifically, wouldn’t it be nice if you could turn your Daily Cash into Membership Rewards points or even redeem MRs for Apple Card Savings deposits at a better rate that the current 0.6¢ per point you get for statement credits of 0.8¢ per point you get via Amex Rewards Checking. While a boy can dream, I’m not holding my breathe - but I will definitely be keeping an eye on this developing story.
Speaking of credit card programs changing hands, Robinhood is set to acquire X1
The popular and of course controversial stock trading app Robinhood has announced plans to acquire X1 for approximately $95 million. Billing itself as the smartest credit card ever made, X1 is a no annual fee card that offers a base of 2x points on all purchases that can be raised to 3x when you spend at least $1,000 on the card - although this earning rate is then capped at $7,500 in spending). Additionally, cardholders can current earn een high multipliers when they successfully refer friends to the card.
As for the possibilities of what X1 could be in the hands of Robinhood, it’s not too hard to imagine - especially since X1’s site already notes an option to buy stocks and ETFs with earned rewards. However, one question about the deal is whether the previously announced X1+ card will still come to fruition. But, with the purchase expected to close in Q3 of this year, hopeuflly we’ll get more details about the future of X1 under Robinhood soon.
For those who are new to credit, Chase has introduced a new card called the Freedom Rise
Recently, Chase introduced a new credit card for those looking to establish credit. Called the Freedom Rise, this offering features 1.5% cashback on all purchases and carries no annual fee. And new cardholders can Earn a $25 statement credit after signing up for automatic payments within the first three months of opening your account
According to Chase, in order for prospective applicants to Increase their chances of getting approved for the card, they should have a Chase checking account with at least $250 within 48 of applying. However, there is no minimum checking balance required after approval.The bank also recommends that those looking to open a Rise card apply at Chase branch locations so that bankers can help walk them through the process and provide other resources.
So, if you are new to credit, this could be a decent starter card until you can work your way up to more rewarding options.
#creditcards #apple #FioneyMoney

[@JollyJoshua]

Great reporting as always!