Apple Card expected to be launched in August

Apple Card expected to be launched in August
When Apple announced its card back in March, the company said it will be available at some point this “summer,” but didn't commit to a certain date. Now that Apple added support for Apple Card in the latest iOS 12.4 update, we can expect the card to be made available very soon.

Bloomberg reports Apple and Goldman Sachs Group have reached an agreement for the launch of the Apple Card in the first half of August, a person familiar with both companies claims.

According to people familiar with the matter, the Apple Card was a complex project that “involved the mixing of two very different corporate cultures as the companies split up responsibilities for the project and worked together on the new technology.”

To use the new Apple Card, iPhone users will have to sign up for the card using the Wallet app, which has been recently added support for this specific feature.

It's worth mentioning that the Apple Card uses a cash-back rewards structure instead of points, which means users will get 1% on purchases made with the physical card, 2% for Apple Pay transactions and 3% for purchases of Apple products and services.

Keep in mind that while the Apple Card has been designed to be used mainly via Apple Pay, the Cupertino-based company said users will be offered physical cards for merchants that don't accept Apple Pay.

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22 Comments

1. iloveapps

Posts: 909; Member since: Mar 21, 2019

Gonna get one once available. Gonna use it often.

2. Mike88

Posts: 438; Member since: Mar 05, 2019

Bring it as soon at possible, I'm super excited

3. Vokilam

Posts: 1350; Member since: Mar 15, 2018

The incentives are interesting. But I have no plans to take advantage of this right away (or ever)

4. kanagadeepan

Posts: 1273; Member since: Jan 24, 2012

Great.. Now apple fans can purchase that aluminium PRO Monitor Stand for just 969$ instead of 999$...

5. LAgurl

Posts: 117; Member since: Dec 05, 2018

Fk no I am getting this card but not buying that computer or stand .

9. darkkjedii

Posts: 31534; Member since: Feb 05, 2011

Can it be used outside of Apple?

11. oldskool50 unregistered

No you can't. It's a glorified Apple gift card. Can only be used at Apple stores. I will keep my AMEX.

18. darkkjedii

Posts: 31534; Member since: Feb 05, 2011

Yes you can. Anywhere a Mastercard works, the AppleCard will work.

12. Mike88

Posts: 438; Member since: Mar 05, 2019

It can be used anywhere. It's a real card

17. darkkjedii

Posts: 31534; Member since: Feb 05, 2011

I showed it to my wife, and she just looked at me with this huge smile on her face. I already know what that means.

19. darkkjedii

Posts: 31534; Member since: Feb 05, 2011

Thanks for the info. Read up on it, and I will be applying for one.

7. apple-rulz

Posts: 2198; Member since: Dec 27, 2016

You’re just bitter because your sh!tty credit precludes you from getting the Apple Card.

6. MrMalignance

Posts: 322; Member since: Feb 17, 2013

Any word if the cash back is a permanent feature or just introductory?

8. darkkjedii

Posts: 31534; Member since: Feb 05, 2011

Kinda looks like the Petal Visa card.

21. midan

Posts: 3100; Member since: Oct 09, 2017

Instant hit for sure.

* Some comments have been hidden, because they don't meet the discussions rules.

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