BELLEVUE, Wash.—T-Mobile, the second-largest wireless carrier in the United States, is planning to launch its own credit card, while another big retailer in the card space said its plans remain on target.
Although nothing has been announced yet, reports from Bloomberg indicate that Goldman Sachs and T-Mobile have reached a partnership agreement.
“This will be Goldman Sachs' third credit card. It's also the card issuer of the popular Apple Card and the My GM Rewards Card,” noted the Motley Fool. “For T-Mobile, it's an opportunity to join the credit card world like rival Verizon did a few years ago.”
Target Renews Partnership
Meanwhile, in Minneapolis, Target said its RedCard credit card offerings will continue to be developed by the same team, as TD Bank and Target have extended their credit card partnership, which began in 2013, through 2030, Pymnts.com reported.
With this contract extension, TD Bank will continue to be the exclusive issuer of Target co-branded and private label credit cards for consumers.
In one of their most recent product innovations, Target and TD Bank expanded the RedCard Mastercard program and enabled cardholders to earn 2% instant savings on eligible dining and gas purchases and 1% everywhere else in addition to 5% at Target, Pymnts.com reported.
“Beyond the savings, the partnership enables Target to offer its customers other benefits like free shipping from Target.com on most items, extended return times and exclusive offers,” Pymnts.com said.
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