14 DAY TRIAL // Apple’s CEO Tim Cook has confirmed after the earnings report this morning that the Apple Card would be launched in a matter of weeks.
A report that made the headlines a few days ago indicated that Apple could unveil the Apple Card in August, so the ETA suggested by Tim Cook aligns with this information.
However, Cook hasn’t provided any specifics as to when the Apple Card is projected to go live, but it’s very clear the release is jut around the corner and could happen any day now.
The Apple Card was announced in March, and it is supposed to provide customers with “a healthier financial life,” as the Cupertino-based tech giant itself said.
Cash-back rewards
One of the main benefits of the Apple Card, which is created in collaboration with Goldman Sachs and Mastercard, is that it comes with no fees, and users can receive cash-back rewards when making payments.
“Customers will receive a percentage of every Apple Card purchase amount back as Daily Cash. Unlike other cash back rewards, Daily Cash is added to customers’ Apple Cash card each day and can be used right away for purchases using Apple Pay, to put toward their Apple Card balance or send to friends and family in Messages,” Apple explains in the original press release.
“Every time customers use Apple Card with Apple Pay, they will receive 2 percent Daily Cash. Customers will also get 3 percent Daily Cash on all purchases made directly with Apple, including at Apple Stores, on the App Store and for Apple services.”
The Apple Card will be available in the United States exclusively at first, but it’s no secret that Apple wants to bring it to the largest markets worldwide as well. More information will be provided in August when the Card goes live for local customers.