Read here to learn about credit card partners, and how it works: https://www.doctorofcredit.com/everything-you-ever-wanted-to-know-about-credit-card-partners-h

Read here to learn about credit card partners, and how it works: https://www.doctorofcredit.com/everything-you-ever-wanted-to-know-about-credit-card-partners-how-much-they-make-more/ https://www.doctorofcredit.com/everything-you-ever-wanted-to... Essentially, in this case, the underlying bank (Goldman Sachs) handles all the finances and the partner (Apple) lends their name/brand and receives a small kickback on card activities.