A Goldman Sachs-Backed T-Mobile Credit Card Is Coming – The Motley Fool

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by Lyle Daly | Published on Sept. 22, 2022
Image source: Getty Images
Details are scarce, but T-Mobile customers may soon be able to save on their cell phone bills.
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T-Mobile, the second-largest wireless carrier in the United States, is planning to launch its own credit card. 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. For T-Mobile, it’s an opportunity to join the credit card world like rival Verizon did a few years ago.
There isn’t any confirmed information available on the T-Mobile credit card, and it will probably be awhile before we get anything concrete. Even once the card is officially announced, it normally takes some time for details to be finalized and released to the public.

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We do, however, have a recent point of reference in the Verizon Visa® Card. Since Verizon is a competitor of T-Mobile, it’s reasonable to assume its credit cards will have some similar features. Based on what Verizon offers with its card, here are the benefits you might see from the T-Mobile credit card:
One other perk to expect is quality customer service, as Goldman Sachs has done very well in this regard so far. It recorded the highest customer satisfaction rankings among midsize card issuers in J.D. Power’s rankings for 2021 and 2022. Although Goldman Sachs is a fairly new card issuer, cardholders have been happy with it.
It’s still in the very early stages for T-Mobile’s new credit card. Nothing has come out yet, and it could be another three to six months, or possibly longer, before we know more.
However, it’s worth keeping an eye on this credit card news if you’re a T-Mobile customer. The Verizon Visa® Card was a surprisingly good rewards credit card, with several money-saving benefits for people who have Verizon. If the T-Mobile credit card is at all similar, it could be a smart choice for saving money on your wireless bill.
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Lyle is a writer specializing in credit cards, travel rewards programs, and banking. His work has also appeared on MSN Money, USA Today, and Yahoo! Finance.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
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