It will be half the size of a normal credit card and require an adapter sold separately for $29.99.
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Apple Teaming Up With Goldman Sachs for Apple Pay-Branded Credit Card
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Which makes it far worst then a bank..
Apple is desperate if it starts going into the financial market and products portfolio.
When Steve Jobs put the tag line "Think Different".. boy! did he know Tim Cook will think of Credit Card business. 
Yeah, we both know 25% off Apple products ain't gonna happen
, but discounts on lifetime battery replacements, where products were bought using the Apple Card, in addition to VIP access to the Genius Bar, all this obviously on top of some form of cash-back benefits, actually sounds like a workable and reasonable idea that might convince some potential interested parties, myself included, of the benefits of any such upcoming Apple-branded/Goldman Sachs card.
I would think that this would be a digital only credit card. Seems counter intuitive for Apple to push the ‘ditch the wallet’ mantra if they’re going to make a physical card.
So it’s a credit card that only sits inside of Apple Pay? It’ll hopefully force stupid merchants like Kroger to take it
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Apple is Apple. They don’t need the category. They are the category
I feel like there will be a physical card. The infrastructure simply still isn't there to only have digital cards.
I think forcing merchants would be easy if banks started doing “digital only accounts” for free, for example Bank of America can do an “Apple Pay only account” and since they have Apple Pay ATMs that could work. Then the stores don’t want to lose these customers so they would make sure Apple Pay works
That might work if there were rewards for non Apple purchases. From what I remember the current card from Barclays doesn't provide much in that department.
So I guess part of this generosity, on behalf of the banks, to not charge credit card interchange fees to merchants who accept contactless pay will be matched by Apple not charging the banks their fee for providing the Apple Pay convenience. Yeah, I can hardly wait to see that - banks giving up upwards of 2% interchange fees and Apple foregoing their .15% Apple Pay fee charged to the banks - right across America - it'll all be Free, Free, Free, Free ...
Devil will be in the details whether it will be a typical co-brand card with the usual 1-1.5% back to the consumer as perks -- cash, travel, merchandise., whatever the theme of the card, or something truly unique and worth having. The current Apple card is rather bland.
If it was something that could stand with the Chase Sapphire Reserve or AMEX Plat or Gold Premier -- a premium and/or mid-luxury card that could be interesting. If it's a run-of-the-mill 1 point for non-Apple purchases and 2 points for Apple purchases, sorry I'm already sleeping.
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Probably since it's not that original of an idea. Apple has had co-brand credit cards before Barclays.
![AppleCreditCard.jpg]()
If it was something that could stand with the Chase Sapphire Reserve or AMEX Plat or Gold Premier -- a premium and/or mid-luxury card that could be interesting. If it's a run-of-the-mill 1 point for non-Apple purchases and 2 points for Apple purchases, sorry I'm already sleeping.
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When Steve Jobs put the tag line "Think Different".. boy! did he know Tim Cook will think of Credit Card business.
Probably since it's not that original of an idea. Apple has had co-brand credit cards before Barclays.
This is yet another move to where Apple creates its own Bank. Bets? A family member works for Verifone. A hard rumor was - was a possible Apple buy out. That’d put them at nearly every other check stand in America. Why wouldn’t Apple create its own bank? Or a division of?
Free for right now. Once all the equipment is in place they can go back to normal rates and benefit the cost savings by reduced fraud- which costs a ton of money they’re bleeding it.
This figures. After debating an application for several years I was just approved for the Barclay Apple Rewards card on Monday. Surprisingly it was my second Barclay card in less than a year, something Barclay is a bit paranoid about. I’ll be cool if this new one is co-branded as Goldman Sachs.
The only card I use anymore. Doesn't sound like much but 2% back on everything adds up over time and it is cash back in my pocket not just points towards something I really don't want or need.
Barclaycard (now Barclays) totally sucked. Terrible rewards program (iTunes cards, whoopie), took forever for them to update their app for iPhone X, I paid my off my card every month since 2007 and still had to fight them to raise my credit line. I’ll be glad to transition to GS.
My credit card works works wide oh and actually works in stores! Grocery stores don’t take bitcoin lol! What a fad that stupid crap is.
they will somehow make it to where Two-Factor authentication must be on to use the plastic card...haha
Seriously though, Apple Pay Cash pisses me off because I have to use Two-Factor; so annoying!
Seriously though, Apple Pay Cash pisses me off because I have to use Two-Factor; so annoying!
I hope that the trend of Apple getting deeper and deeper into financial services means that ApplePay will eventually be able to carry a balance.
After cellular providers and ISPs, banks are one of the most archaic services that have refused to change and put maximum profits ahead of good customer service and experience.
I’d love to be able to collect payments from my customers (or a salary for those who have a regular job) with ApplePay and then maintain my money in ApplePay, perhaps transferring some of that balance to a savings account within ApplePay.
Banks are ripe for disruption and Apple seems to be positioning itself to do just that.
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Look beyond your immediate surroundings. Most of the developed world has moved to tap payments while the US has inexplicably stuck to signing a piece of paper to make a payment. I haven’t touched a plastic card or cash in months. Everywhere in Toronto accepts tap payments, hence ApplePay acceptance is nearly ubiquitous here.
After cellular providers and ISPs, banks are one of the most archaic services that have refused to change and put maximum profits ahead of good customer service and experience.
I’d love to be able to collect payments from my customers (or a salary for those who have a regular job) with ApplePay and then maintain my money in ApplePay, perhaps transferring some of that balance to a savings account within ApplePay.
Banks are ripe for disruption and Apple seems to be positioning itself to do just that.
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Look beyond your immediate surroundings. Most of the developed world has moved to tap payments while the US has inexplicably stuck to signing a piece of paper to make a payment. I haven’t touched a plastic card or cash in months. Everywhere in Toronto accepts tap payments, hence ApplePay acceptance is nearly ubiquitous here.