During the Q3 2019 earnings call, Apple’s CEO Tim Cook confirmed that it plans to launch the Apple Card in August. He also confirmed that retail Apple employees are testing the Apple Card.
It was reported back in June itself that Apple retail employees and those from Goldman Sachs were testing Apple Card. A report from earlier this month also pointed to Apple Card launching in early August. It is likely that we will see Apple launch the Apple Card to the public next week.
Signing up for Apple Card will be easy since the feature has already been added to iOS 12.4. Users will only have to use the Wallet app on their iPhone to sign up for the card.
Apple Card was initially announced by Apple at the ‘Its Showtime’ event in March. The company has partnered with Goldman Sachs on the credit card, and it is hoping to disrupt the market with it. Unlike other credit cards, Apple Card has no fees whatsoever. This includes no late payment fees, interest fees, or joining fee. The card integrates neatly with the Wallet app on the iPhone to show the location of the purchases made with Apple Card and more.
Apple Card will offer 3% cashback on Apple Purchases, 2% cashback on Apple Pay Transactions and 1% cashback on other purchases. The physical Apple Card itself is made of titanium. Unlike traditional credit cards, it will lack any kind of numbers on the front. Apple will be sending the card for free to users who sign up for Apple Card.
You can read more about Apple Card in our FAQ. Are you looking forward to the launch of the Apple Card?