The fabled Apple credit card may come to your Wallet soon

The fabled Apple credit card may come to your Wallet soon
There have been rumors of an Apple branded credit card for almost one year at this point, but as with many products outside of Apple's core that have been rumored, it seemed almost as though the credit card was a myth. But, a new report claims not only that the card is on its way, but it could be testing with Apple employees within just a few weeks.

The first reports of a potential Apple credit card issued in collaboration with Goldman Sachs came out in May last year, and now the word is that the Apple Mastercard (not Visa or Amex) card will start being rolled out to employees in the next few weeks and be released to the wider public later this year. The idea for Apple appears to be part lock-in and part revenue generation. The Apple branded credit card would earn the company a higher percentage of each purchase than other cards connected through Apple Pay. And, since Apple will control the card, it will be able to offer special features within the Wallet app for customers.

Apple developers are reportedly already working on the Wallet upgrade, which would offer more ways for customers to keep track of spending and build plans to pay off debt faster or more consistently. The Wallet app might even alert customers of both small and large changes in spending that could be signs of a busted budget or outright fraud.

Although the reports don't give a release window for the Apple credit card, the smart money would say it will be announced along with the new iPhones in September and released along with or after iOS 13, which would contain the needed Wallet app update. There is also a possibility the Wallet app update is part of the iOS 13 beta set to be announced at WWDC in June, so employees could have it to test with the card.

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7 Comments

1. JCASS889

Posts: 568; Member since: May 18, 2018

yeah......credit card and apple.....no thank you, i actually like having money.

2. cncrim

Posts: 1588; Member since: Aug 15, 2011

Lending money is quite lucrative business why not.

3. shiv179

Posts: 176; Member since: Aug 08, 2012

30% interest

4. whatev

Posts: 2333; Member since: Oct 28, 2015

Ok, that’s all nice and all, but why PhoneArena is forcing me to only see the mobile version of the site? do you know PhoneArena moderators that this mobile version is half baked?

5. lyndon420

Posts: 6834; Member since: Jul 11, 2012

What? You don't have access to the desktop version in Safari like we do in Chrome? (typed from the desktop version on my Android phone)

6. whatev

Posts: 2333; Member since: Oct 28, 2015

I don’t have access to virus, malware and annoying ads, and google is not spying on me either, you on the other hand have all those features, such a crappy experience I’m having :S

7. Vokilam

Posts: 1282; Member since: Mar 15, 2018

Don’t be dunce, I’m reading full desktop version of phone arena my X. Using Safari. I prefer full desktop version - more info displayed.

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