Apple Card Overview Updated June 11, 2019

Apple Card

A new kind of credit card. Created by Apple, not a bank.

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18 'Apple Card' stories

March 2019 - June 2019


During its March 2019 services event, Apple announced the Apple Card. It’s a new credit card through a partnership with Goldman Sachs.

One of the most interesting things about the card is how it integrates with the Wallet app on iOS. Apple says that the goal is to help you learn more about your spending, with less effort.

One of the most unique things about Apple Card is its rewards platform. Apple says that customers will get “Daily Cash” when they shop with Apple Card. This means that cash back is credited directly to your Apple Pay Cash card on a daily basis. From there, you can spend Apple Pay Cash like a normal debit card, use it to pay down your debt, or transfer it directly to your bank.

Apple Card Rewards Information

  • Get 3% back on everything you buy from Apple, whether you buy it at an Apple Store, apple.com, the App Store, or iTunes. The 3% cash back includes games, in‑app purchases, and services like your Apple Music subscription and iCloud storage plan.
  • Get 2% back every time you buy something using Apple Pay. That’s in every category, with no limits. Imagine all the things you use a credit card for every day — at Target, Walgreens, Lyft. You’ll get 2% back on just about everything.
  • For stores that don’t accept Apple Pay, you still get 1% of your purchases back in the form of Daily Cash.
You can sign up to be notified of the release of the card on Apple.com

Apple Card Stories June 11

At an event yesterday, a Goldman Sachs executive explained why the bank isn’t worried about the profitability of Apple Card, despite other banks reportedly backing out of the deal over such concerns. Today, Goldman CEO David Solomon confirmed that Goldman employees and Apple employees are testing Apple Card ahead of its summer launch.

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Apple Card Stories June 10

Last month, a report explained that Citigroup pulled out of its potential deal with Apple for the new Apple Card over profitability concerns. Apple ultimately partnered with Goldman Sachs for the card, and now a Goldman exec is defending the partnership despite profitability concerns.

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Apple Card Stories May 28

A new report today from CNBC looks at some of the banks Apple was in talks with for its new Apple Card before it ultimately made a deal with Goldman Sachs. The card will have a strong consumer focus, including how to help users pay down debt faster, and Citigroup allegedly passed on the deal due to its concerns about the product’s profitability.

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Apple releasing third iOS 12.4 developer beta today [U: Now available]

A week and a half since Apple introduced the first iOS 12.4 developer beta for testing, and Apple appears to be ready to release iOS 12.4 beta 3. We also expect Apple to release the second watchOS 5.3 beta today.

Apple Card Stories May 20

Former Apple ad exec says Steve Jobs wanted to launch an Apple credit card in 2004, customers earned ‘iPoints’

Apple announced Apple Card at its March services event with the draw of daily cashback as rewards. In a blog post, former Apple creative director Ken Segall reveals that Apple is no stranger to the credit card idea. In fact, in 2004, Steve Jobs / Apple was working on an iTunes credit card. The idea: spend money, get free music.

Apple Card Stories May 12

Photos: Here’s what the Apple Card will look like out of the box

Over the weekend, Benjamin Geskin posted on Twitter claiming that a wave of Apple employees are now receiving their own branded Apple Card credit cards as part of a semi-private beta. Geskin posted photos of the purported card units, but note he has photoshopped over the engraved name to supposedly hide the source’s identity.

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