During the Q3 2019 earnings call, Apple CEO Tim Cook confirmed that it plans to launch Apple Card in August. He also confirmed that Apple retail employees are testing the Apple card.
It was reported back in June that Apple retailers and those from Goldman Sachs were testing the Apple Card. A report earlier this month also pointed to the launch of the Apple Card in early August. We are likely to see Apple launch the Apple card to the public next week.
It will be easy to sign up for Apple Card since the feature is already added to iOS 1
Apple cards were originally announced by Apple at its "Its Showtime" event in March. The company has partnered with Goldman Sachs on the credit card, and it hopes to disrupt the market with it. Unlike other credit cards, the Apple Card has no fees whatsoever. This does not include late payment, interest or connection fees. The card integrates nicely with the Wallet app on the iPhone to show the location of 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, some kind of numbers are missing on the front. Apple will send the card for free to users who sign up for the Apple Card.
You can read more about Apple Card in our FAQ. Looking forward to the launch of the Apple card?
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