Cupertino has reportedly proposed bailing from its arrangement with Goldman over the next 12 to 15 months, with the move severing the pair's entire consumer partnership.
The credit approval and limit algorithms aren't managed by Apple, but by Goldman and/or Mastercard, according to Apple co-founder Steve Wozniak, who noticed the issue when he and his wife applied for the cards.
The Wall Street bank, which has traditionally served the ultra-wealthy and large corporations, has made several forays into consumer banking in recent years, including a General Motors-branded credit card and a home improvement lending arm known as GreenSky.
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