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Apple Card Launching in August

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During today's earnings call for the third fiscal quarter of 2019, Apple CEO Tim Cook confirmed that Apple plans to launch its Apple Card credit card in August.

Thousands of employees are currently testing the card, and Apple will be ready to debut it soon. Cook did not provide a specific date in August for the launch, so it could come at any time.

applecardtitanium-800x580.jpg

Created in partnership with Goldman Sachs, the Apple Card is deeply integrated with Apple Pay and the Wallet app, though there is also a physical titanium card that can be used for in-person purchases.

Apple Card can be used for both standard purchases and Apple Pay purchases, with Apple providing rewards for both. Customers will get 3 percent cash back for purchases made at an Apple Store, 2 percent cash back for all Apple Pay purchases, and 1 percent cash back for all other purchases.

Cash back is provided in the form of "Daily Cash" that, as the name suggests, is paid out to customers on a daily basis. Daily Cash is added to the Apple Cash card in Wallet and can be used for purchases, sent to friends, or transferred to a bank account.

In the Wallet app, Apple will offer spend tracking and other budgeting tools. Color-coded categories will give users an idea of how much money they're spending on food, activities, shopping, health care, entertainment, and more.

Apple Card will be limited to the United States at launch, but may expand to additional countries in the future. For more details on the Apple Card, make sure to check out our Apple Card guide.

Article Link: Apple Card Launching in August
 
Article Link
https://www.macrumors.com/2019/07/30/apple-card-launching-in-august/
Narrator Jack said:
Seems to me it should be 5% for Apple Store purchases, not 3%. Amazon can afford/negotiate 5% back on store purchases with two cards from two banks (Synchrony's Amazon Store Card and Chase's Prime Rewards Visa), and APPLE can't?
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Amazon has way more places to negotiate. For example they own AWS which pretty much everyone uses, so they can make some deals with helping with cloud costs and such.
 
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verniesgarden said:
Amazon has way more places to negotiate. For example they own AWS which pretty much everyone uses, so they can make some deals with helping with cloud costs and such.
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Yeah just ask Capitol One how well the cloud cost deals helped them.

If you didn’t know one of the S3 bucket engineers was arrested for the Capitol One hack. Who knows how long that has been going on as they only got caught for Capitol One. What other back doors do they have in place? This investigation may end up hurting Amazon especially now that Azure is taking off.
 
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Too bad the back of the card is so ugly. Steve Jobs never would have allowed such an ugly back of the card, he had the engineers sign the inside of the original Mac, because you should be proud of the work, even if no-one will ever see it.

but seriously, the back is so ugly.
 
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Can't innovate anymore, my a**!

What a joke. The iPhone 6, 6s, 7, and 8 all had the same design. Apple was too lazy to redesign them. The iPhone X, Xs, and 11 all have the same design. Apple was too lazy to redesign them. But Apple has the time to design a credit card. That's innovation!
 
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Really excited for this. I'll be disappointed if I'm denied, lol. I don't have bad credit, I just haven't had a credit card before and am young, so I don't know how likely I am to be approved.
 
iapplelove said:
I dunno it’s hard to get excited over a credit card.

At this point in life I try to stay debt free and not worry about credit scores.
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Fact is, unless you will never apply for a mortgage, car loan, job, or insurance, credit scores are important. Aside from the obvious loan applications, some companies use them as a barometer of how trustworthy a person is (job or insurance).

Having a credit card is not debt if you pay the balance when due. Doing this using a good reward card, means you reap rewards (cash back, miles, etc) for doing nothing more than following your normal spending pattern using a different more beneficial modus.
 
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