Following up on the success of Apple Pay, Apple past year announced plans to launch a new credit card that it said would be accepted anywhere Apple Pay is accepted. Yeah, a credit card, from Apple.
While the Apple Card will largely be similar to existing credits cards in terms of functionality, it will differ from the current offerings in how it will facilitate transactions.
When the "trash can" Mac Pro was launched, Apple made a huge fuss about the manufacturing and assembly process, which took place in the U.S. Apple didn't mention if it would do the same for the new Mac Pro, but Cook's latest comments suggest that was the plan all along.
Apple CEO Tim Cook said during Apple's recent 2019 third fiscal quarter earnings call: "Thousands of Apple employees are using the Apple Card every day in a beta test and we will begin to roll out the Apple Card in August". Apple Card aims to be the most consumer-friendly credit card ever by helping users track their money.
Goldman Sachs partnered with Apple to bring the card to consumers.
3% when you use the digital Apple Card on purchases you make directly from Apple. Customers who are approved for the card will also get a physical titanium card that can be used when Apple Pay is not available. There is also a Daily Cash rewards system on offer, which will give a percentage of cash back on purchases made.
Full details on the card's launch will be revealed in the coming weeks.