Ken Segall, former creative director at Apple, revealed in his blog post that Steve Jobs had planned to launch an iTunes credit card in 2004.
The idea was then to have a credit card that gave users free iPoints when they used it buy products and services. Points earned could be redeemed for free music they could download on their iPod.
Mastercard was short handler Apple wanted to work on the 2004 project, which was never met because of failing to meet its terms. Apple Pay was a nice surprise when it was announced in March.
The new Apple card promotes contactless payment using the iPhone, but users want their own physical card made of 100% titanium. Customers can receive 2% daily cashback when using their Apple card for transactions, and 1
The 2019 Apple card is slated for release this summer.