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Added on the 25/03/2019 13:41:38 - Copyright : Wochit
Ramin Talaie/Corbis/Getty Images Goldman Sachs won the bid for General Motors' credit-card business for roughly $2.5 billion, The Wall Street Journal reported Thursday. The Wall Street giant beat out Barclays, acquiring more than one million GM cardholders and the $8.5 billion they spend annually, according to The Wall Street Journal. This is Goldman Sachs' second co-branded card, following the Apple Card, as it looks to expand its consumer-lending business. The bank recently shuffled its organizational structure to create a new standalone consumer division that includes its Marcus lending unit.
Apple's new credit card is being investigated over complaints the lending algorithm discriminates against women.
Paying taxes with a credit card to earn a big sign-up bonus or reward points makes sense for some. You can pay taxes with a credit card through third-party providers, not through the IRS website. Some states, cities, and counties allow you to pay income and property taxes with a credit card as well. Setting up a payment plan with the IRS is safer than using your credit card if funds are tight. Deciding whether it makes sense to pay an extra fee when filing your taxes depends on your card's rewards. You should also consider your ability to pay it off before the next statement due date, says Business Insider.
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