Goldman Sachs Credit Card: Apple Card vs GM Rewards

Goldman Sachs leads the way as one of the world’s most trusted investment banks in premier financial services. Moreover, the company has grown into consumer finance over the past decade. This expansion includes savings, loans, and credit cards. Particularly noteworthy, the Goldman Sachs Credit Card works with Apple. As a result, millions of users now enjoy transparent, simple, and tech-focused money management.

However, you need to examine its features, terms, eligibility, and future closely. This examination helps you understand what the Goldman Sachs Credit Card offers. More importantly, it shows whether this card suits your needs. Therefore, this post gives you a detailed, current guide to the service. Additionally, we show you how it compares to other Goldman Sachs financial products available today.

Introduction to Goldman Sachs Group, Inc.

Before you explore the Goldman Sachs credit card details, you should understand the company behind it. Goldman Sachs brings over 150 years of global finance experience. The company has grown from a Wall Street giant into a diverse financial service provider. Now, they offer consumer credit too. This section gives you quick background information about the bank, and also covers its wider range of services.

History of Goldman Sachs Group, Inc.

Marcus Goldman started Goldman Sachs in 1869 as a small commercial paper firm. Over the next 150 years, the company expanded from these simple roots. Today, it stands as one of the world’s most powerful financial institutions. The firm runs its operations from its headquarters in New York City. Throughout its long history, Goldman Sachs has played key roles in major economic events. For instance, they supported Silicon Valley tech companies during their growth. They also helped clients navigate the 2008 global financial crisis.

The firm earned its reputation through capital markets expertise, strategic advice, and global investment banking. Currently, Goldman Sachs operates in dozens of countries. Furthermore, they work with many different client types. These clients include governments, multinational corporations, asset managers, and wealthy individuals.

Goldman Sachs Group, Inc. General Services

Goldman Sachs organizes its business into several main service areas:

• Investment Banking: They advise on mergers and acquisitions (M&A). They also underwrite debt and equity offerings.
• Global Markets: They trade securities, manage risk, and provide market insights.
• Platform Solutions: They offer consumer products like the Apple Credit Card and point-of-sale financing through GreenSky. They also provide savings and personal loans under Marcus.
• Asset & Wealth Management: They create investment strategies and manage portfolios for institutions and individuals.

The bank’s Business Lending mainly targets large institutions and investment funds. However, Goldman Sachs also helps small businesses through its 10,000 Small Businesses program. This nationwide initiative provides education and capital access through partnerships with local lenders.

Exploring Goldman Sachs Credit Card Services

Goldman Sachs entered the Credit Card market with a clear focus. They prioritize simplicity, technology, and customer satisfaction. We’ll look at the current credit card options the bank provides. These include the well-known Apple Card and the GM Rewards Card. We’ll also examine their benefits and differences. Whether you’re a loyal Apple user or GM driver, you’ll find a customized option worth your consideration.

Goldman Sachs Credit: Apple Card

Goldman Sachs offers the Apple Card as their main credit card service. They launched it in partnership with Apple Inc. in 2019. This card works as a digital-first credit card that connects only with the iPhone Wallet app. While they provide a sleek, titanium physical card, you handle all management through the Wallet app. This management includes spending tracking, payments, and interest calculations. Therefore, it works perfectly for users who want a tech-forward, mobile-based financial experience.

• No Fees: The Apple Card’s biggest advantage is its complete lack of fees. Goldman Sachs doesn’t charge users annual fees, foreign transaction fees, late fees, or over-limit fees. This approach makes it one of the most consumer-friendly cards you can find.
• Daily Cash: The Apple Card provides a unique cash-back system called “Daily Cash.” Users earn 3% cash back on purchases made directly with Apple and select merchants like Uber, Walgreens, and Nike. Apple Pay purchases give you 2%, while all other purchases earn 1%. The system deposits cash back daily into your Apple Cash account.

• Seamless Digital Experience: The designers created this card for convenience. Users can apply for, manage, and pay off their card from their iPhone. The app provides real-time spending summaries, color-coded expense tracking, and suggested payment amounts with estimated interest. These features make budgeting simpler.
• Family Sharing: Apple Card Family lets users co-own the card with a spouse. You can also share it with family members aged 13 and up. This feature allows multiple users to build credit together. At the same time, it maintains transparency and spending control.

Goldman Sachs Credit: GM Rewards Card (via Marcus)

Besides the Apple Card, Goldman Sachs also creates co-branded General Motors (GM) Rewards Cards. They target these cards at customers loyal to GM vehicles. These cards come in two variations:

• Consumer GM Rewards Card: designed for everyday users
• GM Business Card: created for small business owners who make frequent GM-related purchases

Goldman Sachs manages both credit cards through the Marcus platform. They also offer compelling perks:

• 7X points on GM purchases: Cardholders earn seven points per dollar on eligible purchases at GM dealerships or affiliated merchants.
• No annual fee: Just like the Apple Card, both versions of the GM credit card eliminate annual membership fees.
• Digital Account Management: Users can monitor spending, redeem points, and manage payments through the Marcus app.

These credit cards provide special value for GM enthusiasts and business owners who frequently engage with the brand. They offer generous rewards that you can redeem for vehicle purchases, parts, accessories, and services at GM dealerships.

Quick Comparison of Goldman Sachs Credit Card

To help you quickly compare the key features of Goldman Sachs Credit Card – the Apple Card and GM Rewards Card, the table below highlights their main differences in terms of rewards, fees, app integration, and card type. This side-by-side view makes it easier to decide which Goldman Sachs credit card fits your lifestyle.

Why Choose the Goldman Sachs Credit Card?

You get a unique blend of digital convenience and financial control when you choose a Goldman Sachs credit card. Whether you want a minimalist card with no fees or a high-reward option tied to brand loyalty, these cards serve both tech-savvy and brand-loyal consumers.

• Simplicity: Goldman Sachs designs their credit cards for stress-free usage with no annual, foreign transaction, or late fees. The intuitive design of both Apple Wallet and the Marcus platform makes managing payments and balances easy, even for first-time cardholders.
• Rewards: Apple Card users receive instant Daily Cash back, while GM Rewards members earn generous points on brand purchases. These incentives add value and make routine spending more rewarding.
• Financial Tools: Both cards give you smart digital tools that enhance your control. Features include real-time expense tracking, spending summaries, and payment calculators that support better budgeting and financial planning.

Additional Insights: U.S.-based customer service provides timely support and issue resolution. However, you should stay informed about the evolving nature of these services. Goldman Sachs may transition away from the credit card, possibly transferring active accounts to new partner banks. Rest assured, such transitions typically involve consumer protection and service continuity.

Goldman Sachs Credit Card: Eligibility

Before you apply for a Goldman Sachs Credit Card, you need to understand the basic qualifications required for approval. Both the Apple Card and the GM Rewards Card target U.S.-based consumers. They have slightly different eligibility standards depending on the product.

Apple Card Requirements

You must meet the following conditions to be eligible for the Apple Card:

• Be at least 18 years old, or 19 in states where that is the legal minimum for credit agreements.
• Be a U.S. citizen or a lawful U.S. resident with a valid residential address (no P.O. Boxes).
• Own an eligible Apple device, such as an iPhone running the latest iOS version.
• Use an Apple ID with two-factor authentication enabled.
• Pass a credit check conducted by Goldman Sachs Bank USA.

Since Goldman Sachs manages the Apple Card entirely through the Wallet app, a compatible iPhone is essential, not optional.

GM Rewards Card Requirements

You must meet these requirements to apply for the GM Rewards Card:

• Be a U.S. resident aged 18 or older.
• Provide a valid Social Security number.
• Have a satisfactory credit history. While Goldman Sachs doesn’t state exact thresholds publicly, it generally recommends a good-to-excellent credit score.

Other Considerations

• Credit Score Matters: Both cards evaluate your creditworthiness based on your FICO score and overall credit profile. A higher score improves your approval chances and influences your assigned APR and credit limit.
• U.S.-Only Availability: These cards are not currently available to residents outside the United States, and there are no international expansion plans at this time.

If you’re new to credit or building your financial profile, you should review your credit report and manage debts before applying. For those already financially active, these cards complement Goldman Sachs’ broader offerings well, like Personal Loans Services through Marcus.

Goldman Sachs Credit Card: Documents and Application

Once you’ve confirmed your eligibility, you need to gather the necessary documents and begin the application process for a Goldman Sachs Credit Card. Whether you’re applying for the Apple Card through the Wallet app or submitting your GM Rewards Card application via the Marcus platform, the entire experience is streamlined to be fast, digital, and secure.

Documents to Open a Goldman Sachs Credit Card

Have the following information and documents ready to ensure a smooth application:

• Full legal name and date of birth
• Social Security number for identity verification and credit checks
• Your annual income helps determine your creditworthiness and limit
• Housing status and monthly housing payment, whether rent or mortgage
• State-issued ID, such as a driver’s license (may be requested during the review process)

Having this information ready in advance helps you avoid delays and complete your application in minutes.

How to Open a Goldman Sachs Credit Card

Application Steps for the Apple Card

Here is a simple guide on opening an Apple Card

1. Open the Wallet app on your iPhone.

2. Tap the plus (+) symbol and select “Apple Card.”

3. Enter your personal and financial information as prompted.

4. Review the terms and conditions, and if approved, accept the offer to activate your card immediately.

Apple Card users can start using their virtual card instantly, with the physical titanium card mailed shortly after.

Application Steps for the GM Rewards Card

Here is a simple guide on opening a GM Rewards Card

1. Go to  the official website of Marcus or GM Rewards

2. Choose either the Consumer or Business version of the card.

3. Fill out the online application, including income and credit information.

4. Submit your application and await a decision; many are approved instantly.

Important Notes

• Goldman Sachs Bank USA reviews all applications and performs the required credit evaluations.
• For the Apple Card, users can prequalify without affecting their credit score. This allows you to preview your credit limit and APR before committing.

Whether you’re managing daily expenses or planning a large purchase, applying for a credit card from Goldman Sachs is a quick, digital process that meets modern consumer expectations.

Goldman Sachs Credit Card: Terms, Rates, and Fees

Credit cards come with important terms and financial responsibilities that directly impact how much you pay over time. This section helps you understand the interest rates, fees, due dates, and other cost-related conditions that come with a Goldman Sachs Credit Card. Whether you’re using your card for everyday spending or large purchases, understanding these terms ensures smarter financial planning.

Goldman Sachs Credit Card Terms of Use

Goldman Sachs offers a credit card with a strong emphasis on transparency and flexibility. Here’s what you need to know about how they structure their terms:

Apple Card

• No Fees: Goldman Sachs charges no annual, late, over-limit, or foreign transaction fees.
• Flexible Due Dates: You can select your preferred payment date to match your cash flow.
• Daily Interest Accrual: If you carry a balance, interest accumulates each day until you pay it off.

GM Rewards Card

• No Annual Fee: Goldman Sachs never charges you a recurring fee to keep the card active.
• Variable Due Dates: They base due dates on billing cycles and usage patterns.
• Late Fees: Fees may apply if you miss a payment, up to a maximum of $40, depending on the terms.

Interest Rates and Fees

The table below summarizes the key differences between the two main credit cards from Goldman Sachs:

Additional Cost-Related Details

• Installment Plans: Apple Card users can take advantage of 0% interest installment financing for eligible Apple products. These monthly plans help you spread out large purchases without accruing interest.
• Balance Transfers: While Apple Card does not support balance transfers, the GM Rewards Card may offer limited options, depending on promotional terms and eligibility.
• No Hidden Charges: Both cards emphasize clear, upfront pricing with no surprise fees buried in the fine print.

When you understand how these terms apply, you can make more informed decisions and avoid unnecessary interest or penalties. Goldman Sachs tailors each credit card to a different audience. Tech-savvy Apple customers or GM loyalists, while maintaining consistent standards around transparency and customer service.

Curious about building wealth instead of credit? Consider exploring Investing Services from Goldman Sachs and Marcus to diversify your long-term financial strategy.

Goldman Sachs Credit Card: Bonus Features

The Goldman Sachs credit card experience goes beyond avoiding fees or managing your balance; it adds real value to your financial life. Both the Apple Card and GM Rewards Card offer competitive and easy-to-use reward systems, along with bonus features that enhance your user experience. From instant cash back to brand-specific loyalty programs, each card brings unique advantages.

Apple Card Rewards Program

The Apple Card is known for its Daily Cash feature, which gives you cash back instantly after every qualifying transaction. You can use this cash right away or save it for future purchases. Here’s how it works:

• 3% Daily Cash: You earn this on purchases made directly with Apple, including the App Store, Apple services, and physical Apple Store purchases. It also applies to select partners such as Uber, Nike, T-Mobile, Walgreens, and Exxon.
• 2% Daily Cash: Apple applies this to any purchase you make using Apple Pay at a wide range of merchants and online retailers.
• 1% Daily Cash: You earn this on all purchases made with the physical card or through non-Apple Pay methods.

Extra Apple Card Benefits

Apple Card users enjoy several tech-driven tools that support financial wellness beyond cash back:

• Spending Summaries: The Wallet app categorizes your expenses with color-coded charts, helping you track where your money goes each month.
• Interest Estimator: This real-time tool shows how much interest you’ll pay based on your payment choices, promoting smarter financial habits.
• Apple Card Family: This feature lets you co-own or share the card with family members (ages 13+), enabling joint spending, separate limits, and shared credit building.

GM Rewards Structure

The GM Rewards Card focuses on delivering high-value incentives to customers within the General Motors ecosystem. This card works well for those who drive GM vehicles or plan to purchase one:

• Up to 7X Points: You earn these on eligible purchases at GM dealerships, for vehicle purchases, accessories, and services.
• Flexible Redemption: You can redeem points for down payments on new GM vehicles, maintenance costs, accessories, and more.
• No Point Expiration: As long as your account remains in good standing, points do not expire, making it easier to save and spend at the right time.

Savings Bonus Opportunities

Apple Card users can grow their rewards further by depositing Daily Cash into a high-yield savings account offered through Marcus by Goldman Sachs. With an APY around 4.4% (as of the latest updates), this account helps you passively earn more just by saving your cash-back rewards.

Whether you’re looking to get more from your everyday purchases or align Goldman Sachs Credit Card benefits with your lifestyle brand, both cards deliver meaningful extras that go beyond the basics. Looking to fund your business goals? Explore Goldman Sachs Business Loans, ideal for growth, equipment, or working capital, with flexible terms and expert support.

FAQs about Goldman Sachs Credit Card

Still have questions about the Goldman Sachs Credit Card? This section addresses the most common concerns from potential applicants and current users. From compatibility and issuer transitions to rewards redemption and international use, you’ll find quick, clear answers here.

Can I get the Apple Card without an iPhone?

• The Apple Card requires an iPhone with the latest iOS version and an Apple ID.

Is Goldman Sachs exiting the credit card business?

• Goldman Sachs has announced its intent to exit the consumer credit card sector, but current users remain supported. Apple is reportedly seeking new banking partners.

What happens to my Apple Card if Goldman exits?

• You will likely be transitioned to a new issuer if the partnership ends. Terms and service continuity will be managed to minimize disruption.

Are there business card options?

• Goldman Sachs issues the GM Business Rewards Card via Marcus, specifically for small business owners.

Is there a pre-qualification option?

• Apple Card offers prequalification with no impact on your credit score.

Can I use my Apple Card overseas?

• The Apple Card does not charge foreign transaction fees. However, Apple Pay acceptance varies by country.

The Goldman Sachs Credit Card services, especially through the Apple Card, blend modern convenience with customer-focused simplicity. While the future of these products may shift, their current form offers value through rewards, intuitive digital management, and strong security features. Whether you’re loyal to Apple or seeking industry-leading cashback, Goldman Sachs has designed a credit experience that redefines what a bank-issued card can be.