Update: Much awaited Apple Credit Card in partnership with Goldman Sachs and Mastercard is finally out today to select public test users, according to Techcrunch.
As per the report, the full rollout of Apple Card will get delayed till August end, and iOS 12.4 and later versions are required to run it on iPhone.
Feature-driven Apple Credit Card will characterize seamless description of spends through Apple Wallet and help consumers monitor them closely in categories like food, health, shopping, and others.
We have already carried the news that Apple files trademarks for Apple Card and Apple Cash in Canada hinting of its debut there, next year. Also in the second week of June this year, Apple launched Goldman credit card in beta version for its retail employees.
Apple Card Will Offer Financial Flexibility & Cashback Benefits
Apple Card offers 2% cashback on all Apple Pay transactions and 1% cashback on all other purchases to tens of thousands of Apple Employees under the Beta test. The success of this test may prompt the Cupertino giant to launch Apple Card for consumers in early August.
In the presser, David M. Solomon, Chairman and CEO, Goldman Sachs had said, “Simplicity, transparency and privacy are at the core of our consumer product development philosophy,” said. “We’re thrilled to partner with Apple on Apple Card, which helps customers take control of their financial lives.”
Ajay Banga, President and CEO, Mastercard had then added, “We are excited to be the global payments network for Apple Card, providing customers with fast and secure transactions around the world.”
Apple iPhone Consumers Can Expect Easy Sign-up for Multi-faceted Apple Card
On the user experience, Apple iPhone users can expect to sign up for the card through the Wallet App, which will have a built-in Apple Card support on latest iOS 12.4 version. Apple Card will work as a regular but multi-faceted credit card with Goldman Sachs responsible for payment processing, credit obligations, disputes, and customer services.
On July 16, 2019, Stephen Scherr, Goldman Sach Chief Financial Officer, informed Analysts, that the New York firm already spent $1.3 billion on its consumer’s arm Marcus, the Apple Card, and other new initiatives, to date.
Apple Card will characterize seamless description of spends through Apple Wallet and help consumers monitor them closely in categories like food, health, shopping, and others.
Great news for Apple fans as it is going to add other services in its bouquet. So, are you ready to take up new Apple Card? What services are you looking for through Apple Card? Tell us as probably Apple too must be listening……