Apple is reportedly testing the Apple Card with thousands of retail workers. The company has partnered with Goldman Sachs and is expected to launch the Apple Card in summer.
Earlier, Apple was allowing its corporate employees to test the Apple Card. Now the company has expanded the testing to a larger pool with the help of an internal beta program. This is the first major trial for Apple Card and will help the company iron out issues before the summer launch. That being said, Apple has barred the group from discussing the card, however, they can still use it to make public purchases.
The group will be able to directly sign in from a personal device. The Apple Pay feature will be activated immediately while the physical Apple Card is expected to be shipped within two to three weeks.
Screenshots of the employee beta of the Apple Card show that test versions of the card are fully functional and include the ability to receive daily cash back, pay bills, see an order status for a physical card and receive technical support via text messaging. Users can also schedule payments, access their credit limit and manage connected bank accounts, among other tasks. Users will also have the ability to set the Apple Card as the default payment method for Apple purchases.
Benefits of using the Apple Card
The Apple Card is integrated digitally with the iPhone and will give higher cashback on Apple purchases. As part of the arrangement, Goldman Sachs handles, payment processing, credit obligations, disputes, and customer services. The card offers 3% cashback on Apple Purchases, 2% cash back on Apple Pay Transactions and 1% cash back on other purchases.
Apple Card will be launched in Summer in the United States. Meanwhile, the company is also working on expanding in Europe. The Apple Card is supported via the Wallet app on iOS 12.4 and iOS 13.[via Bloomberg]