At the WWDC 2019, Apple announced a lot of new features and some new products as well. This included the new Mac Pro along with the Pro Display XDR. However, the surprise announcement from Apple was a credit card called “Apple Card”. Now, this is the first credit card offered from Apple and first-ever by any smartphone manufacturer. This shows us that Apple is looking beyond smartphones and technology products too.
With the Apple Card, Apple has entered the Fintech industry. However, it must be noted that Apple is not offering the Apple Card directly from Apple. Rather, the company has partnered with U.S. banks including Goldman Sachs. While Apple did say that the Apple Card will come later this year, we did not get any specific release date.
Now, a report from Bloomberg suggests that the wait for people to get Apple Card might end very soon. Because Apple might launch its Apple Card officially by the first half of August. This also suggests that people will be able to order and get their cards very soon too. Recently, we saw some pictures of the Apple Card being used by Apple employees as well.
Apple employees were apparently able to register for this card since last month. Now that the Apple Card will be officially available, everyone can get their hands on the same. Also, it was revealed that iPhone’s latest update contains everything needed for Apple Card support. So Apple just needs to press a server-side switch and the support can be made live.
Goldman Sachs is the official banking partner for the Apple Card and the bank will handle the banking for its US customers. On the other hand, the Apple Card’s user experience will be handled by Apple. The advantage of using Apple Card is that you get 1% back when you pay with the card, 2% back when it is using Apple Pay and 3% if it is an Apple product.