Nancy Tengler on TheStreet.com

Why Apple and Goldman’s Credit Card Is a Good Sign for Tech

Apple and Goldman’s deal to launch a credit card together is a good sign for the tech sector.

There’s been a lot of tech headlines in the past week.

From the announcement of the world’s first foldable phone thanks to Samsung and Apple’s AAPL new deal with Goldman Sachs GS to roll out a joint credit card, as reported by the Wall Street Journal.

TheStreet’s Bradley Keoun wrote that the card will be available to the public later this year after a testing period involving employees, the newspaper reported. The plan is to offer extra features on Apple’s Wallet app that will let users set spending goals, track rewards points and manage balances, according to the article. The paper previously had reported on the venture, but the timing of the rollout wasn’t clear.

Nancy Tengler, chief investment strategist at ButcherJoseph Asset Management, said that the deal is a good thing, but that she’s got her eyes focused on Apple’s push into healthcare.

Read more here: https://www.thestreet.com/video/apple-goldman-credit-card-good-tech-14874075

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