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Goldman Sachs Is Vying for JetBlue’s Credit-Card Business

March 18, 2021

Via: WSJ
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Goldman Sachs Group Inc. is talking to JetBlue Airways Corp. about taking over its credit-card program, according to people familiar with the matter, the latest effort from the Wall Street firm to push deeper into consumer finance.

Goldman is competing against Barclays PLC, which is the current issuer of the JetBlue credit cards and is in discussions to hold on to the deal, the people said. Discussions are ongoing, and JetBlue may decide to stick with Barclays. JetBlue’s contract with Barclays doesn’t end for another roughly three years, some of the people said.

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