14 DAY TRIAL // Apple will finally launch the Apple Card in the first half of August, according to a new report, which aligns with the company’s original release target set for the summer.
Announced in March, the Apple Card is specifically supposed to make traditional payments more convenient. The card will be available from the Wallet app on the iPhone and will require iOS 12.4.
The Cupertino-based tech giant signed a partnership with Goldman Sachs and Mastercard to bring the Apple Card to the market, and as per Bloomberg, the first customers are likely to receive theirs in the next few weeks.
The Apple Card comes with a series of benefits, including 3% cashback on Apple purchases and 2% cashback on Apple Pay transactions.
Apple Card fully focused on privacy
At the same time, the Apple Card comes with absolutely no fee, so there’s no annual, late, international or over-the-limit fees, as Apple itself announced earlier this year.
“To help customers make informed choices, Apple Card shows a range of payment options and calculates the interest cost on different payment amounts in real time. As a way to pay less interest, Apple Card will also suggest paying a bit more every month and offers the flexibility to schedule more frequent payments,” the company explained.
The titanium Apple Card is specifically built for privacy, so there is no card number, CVV security code, expiration date, or signature on it. The only thing that is embossed is your name.
“Simplicity, transparency and privacy are at the core of our consumer product development philosophy,” said David M. Solomon, chairman and CEO of Goldman Sachs. “We’re thrilled to partner with Apple on Apple Card, which helps customers take control of their financial lives.”
Apple is yet to publicly announce the release date of the Apple Card.