Apple Drops Barclays Card Rewards Ahead of Goldman Launch (1)

Apple Inc. and Barclays Plc have dropped the rewards program from their longtime credit-card partnership in advance of the debut this month of a new Apple Card with Goldman Sachs Group Inc.

The Apple-branded Barclays card is no longer offering $50 worth of Apple gift cards and providing three points per dollar spent on Apple products to new customers, according to changes on its website. Card users had been able to convert every 2,500 points into $25 of credit toward Apple merchandise.

Apple and Goldman have spent the past few months preparing their co-branded credit card, which will offer 3% ...