Report: Apple and Goldman Sachs Credit Card Targeting August Launch Date
https://www.bloomberg.com/news/artic...t-release-date
July 26, 2019
"Apple and Goldman Sachs’s hotly anticipated new credit card is now just weeks away from launch, according to a person familiar with the companies. . . .
The Apple Card is targeted to launch as early as the first half of August. . . .
People who own an iPhone will be able to sign up for the card via the Wallet app, which will have built-in Apple Card support as part of the latest iOS 12.4 update. . . .
For Apple, the credit card is thought of as a way to bring in more recurring revenue from iPhone users and further enmesh them in its web of services. . . .
In addition to its stark white appearance and digital-first design, the credit card aims to entice customers with no fees, deep iPhone integration, a unique system for tracking spending and a privacy-centric approach. The product has been designed to be used primarily via Apple Pay, rather than as a physical credit card. However, the company will also issue users an actual card for merchants that don’t accept Apple Pay.
The Apple Card features a cash-back rewards structure instead of points, offering users 1% on purchases made with the physical card, 2% for Apple Pay transactions and 3% for purchases of Apple products or services."
It still seems to have mediocre rewards and, possibly, challenges for using it online. I'm curious to see the full offering. YMMV.