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Apple Announced its New Credit Card: The Apple Card

Xuefei Ju

Summary: According to CNBC, Apple will release its Goldman Sachs-linked credit card – the Apple card this summer. The Apple card, is laser-etched, has only user’s name without other sensitive information. Users can apply the card through iPhone, get accessed within minutes, and will be able to manage the purchasing & rewarding through an iPhone app. ...

According to CNBC, Apple will release its Goldman Sachs-linked credit card – the Apple card this summer. The Apple card, is laser-etched, has only user’s name without other sensitive information. Users can apply the card through iPhone, get accessed within minutes, and will be able to manage the purchasing & rewarding through an iPhone app. Also, users will get 1% cash back with physical card purchases, 2% back with Apple pay transactions, and 3% back on purchases directly made with Apple. This is also Goldman Sachs first credit card. Before available to the market, the card will be tested by both companies’ employees.

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