Apple Card Said to Launch as Early as First Half of August

Apple's highly anticipated launch of Apple Card is on schedule and will launch in the U.S. in just a few weeks, reports Bloomberg this morning.

applecardinwallet2

The Apple Card is targeted to launch as early as the first half of August. That timing means the project is on schedule for the summer release date that Apple first announced in March.

According to the report, iPhone users will be able to sign up for the card in the Wallet app, which will have built-in ‌Apple Card‌ support as part of the latest iOS 12.4 update.

Apple is partnering with Goldman Sachs for the card, which is going to be optimized for Apple Pay but will still work like a traditional credit card for all of your transactions. Apple's virtual credit card will also be available as a physical titanium card for use at merchants that don't accept ‌Apple Pay‌.

According to today's report, Apple expressed misgivings in May about the underlying technology Goldman Sachs had developed to power the credit card, and Apple asked the bank for changes to be made.

However, ‌Apple Card‌'s summer launch still appears to be on track, so Goldman Sachs presumably allayed Apple's concerns in time. The bank is responsible for the underlying infrastructure, managing payment disputes, handling transaction data and collating information for monthly statements.

Thousands of Apple employees have been testing the ‌Apple Card‌, which offers 3% cash back on Apple purchases, 2% cash back on all ‌Apple Pay‌ transactions, and 1% cash back on all other purchases.

According to Apple, signing up for ‌Apple Card‌ will be as simple as opening up the Wallet app, tapping on the ‌Apple Card‌ interface, and walking through the activation steps. Purchases are tracked in the Wallet app, providing a breakdown of spending across different categories like health, food, shopping, and more.

Bloomberg says Apple has also been discussing an expansion into Europe with financial regulators.

For a look at the ‌Apple Card‌ and what to expect when it launches, make sure to check out our dedicated Apple Card guide.

Top Rated Comments

newyorksole Avatar
40 months ago
“Highly anticipated”? By who?

Just another credit card.
Why can’t people be excited about anything? What if someone buys a lot of stuff from Apple and really likes the concept of this card? We know there are hundreds of credit cards out there.

Let people enjoy things. There are several reasons why people want this card and it is definitely highly anticipated by many people.
Score: 13 Votes (Like | Disagree)
verniesgarden Avatar
40 months ago
1. Why did Apple need Goldman Sachs and Mastercard to make this card? 2. Do you think it would be Apple’s long-term goal to not need either of those companies for the function of this Apple credit card?
a lot of reasons. Infrastructure and antitrust regulations are probably the top two.

it’s the same reasons that an amazon card goes through another bank.
Score: 13 Votes (Like | Disagree)
macmyworld Avatar
40 months ago
“Highly anticipated”? By who?

Just another credit card.
Score: 11 Votes (Like | Disagree)
shieldcy Avatar
40 months ago
Apple Card Said to Launch as Early as First Half of August 2019 in the US

Apple Card Said to Launch as Early as First Half of August 2027 in the rest of the world......
Score: 10 Votes (Like | Disagree)
Abazigal Avatar
40 months ago
1. Why did Apple need Goldman Sachs and Mastercard to make this card? 2. Do you think it would be Apple’s long-term goal to not need either of those companies for the function of this Apple credit card?
My guess is that Goldman Sachs is the least established of all the options. This allows Apple to have the leverage in negotiations and get more favourable terms.

And for the long term, I won’t be surprised if Apple goes from simply having a credit card to playing a key part in the country’s financial infrastructure.

The people who underrate Apple do so to their own detriment.
Score: 8 Votes (Like | Disagree)
Nullified Avatar
40 months ago
Amazing how people only seem to focus on its just a CCard or its average rewards.. personally id be interested in this even with no rewards... the security of it alone is all i care about. Ive had a waitress steal my card info before, with this i can hand it over at a restaurant and not worry about them copying the info. And i dont have to worry about using my card online or swiping at stores. I like the feature to get a new number at the press of a button.
Just seems more interesting to me than the rewards are.
Score: 6 Votes (Like | Disagree)

Popular Stories

airpods pro black background

AirPods Pro 2: Five New Features and Improvements to Expect

Sunday August 14, 2022 3:28 pm PDT by
Apple's second-generation AirPods Pro are finally nearing launch, with a release expected later this year. If you are considering upgrading to the new AirPods Pro once they are released, keep reading for a list of five new features to expect. In addition to all-new features, the second-generation AirPods Pro will likely adopt some features added to the standard AirPods last year. H2 Chip ...
iPhone 14 Dummies 1 Feature

Everything Rumored for Apple's September Event: iPhone 14, Apple Watch Pro and More

Friday August 12, 2022 2:34 pm PDT by
There's just about a month to go until Apple holds its annual September event focusing on new iPhone and Apple Watch models. We thought we'd take a quick look at everything that's rumored for Apple's September event to give MacRumors readers a rundown on what to expect when the first fall event rolls around. iPhone 14 The iPhone 14 can probably be described more as an "iPhone 13S" because...
10th Generation iPad Render

10th-Generation iPad With Major Design Changes Reportedly in Production Ahead of September Launch

Monday August 15, 2022 8:02 pm PDT by
Apple's rumored 10th-generation iPad is currently in production and will feature "major" design changes, according to a report from Taiwanese website DigiTimes. A mockup of the potential 10th-generation iPad design by Renders By Shailesh The report did not provide any specific details about the 10th-generation iPad's new design, but rumors suggest the device will feature a larger 10.5-inch...
ios 16 lock screen feature2

Apple Seeds Sixth Betas of iOS 16 and iPadOS 16 to Developers [Update: Public Beta Available]

Monday August 15, 2022 10:04 am PDT by
Apple today seeded the sixth betas of upcoming iOS 16 and iPadOS 16 updates to developers for testing purposes, with the updates coming a week after Apple released the fifth developer betas. Registered developers can download the iOS and iPadOS 16 profiles from the Apple Developer Center, and once installed, the betas will be available over the air. iOS 16 introduces a revamped Lock...
apple watch se

Apple Watch SE vs. Apple Watch Series 8: New Features to Expect If You've Waited to Upgrade

Monday August 15, 2022 2:44 am PDT by
The Apple Watch SE was announced in September 2020 and has been a popular Apple Watch model for customers looking for their first smartwatch or an affordable Apple Watch. Apple Watch SE customers may be wondering, however, what's in store for them with the upcoming Apple Watch Series 8 and what new features they can expect. Continue reading to find out. Apple Watch SE vs. Apple Watch Series ...
odyssey ark 1

Samsung Launches $3,500 'Odyssey Ark' 55-Inch Curved Gaming Display

Monday August 15, 2022 7:15 am PDT by
Samsung today announced the launch of the Odyssey Ark, which the company says is the world's first 55-inch 4K curved display with a 165Hz refresh rate for improved gaming performance. Samsung first previewed the monitor at CES, but it is now available to order. Subscribe to the MacRumors YouTube channel for more videos. Priced at $3,500, the Samsung Odyssey Ark features mini-LED technology...
top stories 13aug2022

Top Stories: New Battery Percentage Icon in iOS 16, USB-C AirPods Rumor, and More

Saturday August 13, 2022 6:00 am PDT by
This week brought some shocking news for iOS 16 beta testers, with Apple bringing back the iPhone battery percentage to the status bar after a number of years. Other news and rumors this week included word that Apple has started recording portions of its media event planned for next month to introduce the iPhone 14 and Apple Watch Series 8, claims about iPhone 14 Pro pricing and Apple's...