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.

Popular Stories

Apple Vision Pro 2 Feature 2

Apple Reportedly Suspends Work on Vision Pro 2

Tuesday June 18, 2024 8:17 am PDT by
Apple has suspended work on the second-generation Vision Pro headset to singularly focus on a cheaper model, The Information reports. Apple was widely believed to have plans to divide its Vision product line into two models, with one "Pro" model and one lower-cost standard model. The company is said to have been deprioritizing the next Vision Pro headset over the past year, gradually...
apple watch series 9 display

Kuo: Apple Watch Series 10 to Get Larger Screen and Thinner Design

Monday June 17, 2024 1:20 am PDT by
This year's Apple Watch Series 10 will be thinner and come in larger screen sizes than previous models, according to Apple analyst Ming-Chi Kuo. In his latest industry note -10-and-98075c44ce92">shared on Medium, Kuo said the screen size options on the next-generation Apple Watch will increase from 41mm to 45mm, and from 45mm to 49mm, while being encased in a thinner design. For reference,...
2022 back to school apple feature

Apple's 2024 Back to School Sale Launching This Week

Monday June 17, 2024 12:27 pm PDT by
Apple will launch its annual Back to School promotion for university students in the United States and Canada this week, according to Bloomberg's Mark Gurman. Apple's back to school sales provide students with a free Apple gift card when purchasing a Mac or an iPad, and this year's promotion could help Apple push the new M2 iPad Air and M4 iPad Pro models. Last year, Apple offered U.S....
Apple Pay Later feature 1

Apple Discontinuing Apple Pay Later

Monday June 17, 2024 11:44 am PDT by
Apple is discontinuing Apple Pay Later, the buy now, pay later feature that it just launched last October. Apple Pay Later is being discontinued as of today, but people who have existing Apple Pay Later loans will be able to continue to pay them off and manage them through the Wallet app. Apple announced plans to end the feature in a statement provided to 9to5Mac, which also notes that...
iOS 18 CarPlay Feature

iOS 18 Adds These 5 New Features to CarPlay

Thursday June 13, 2024 7:44 am PDT by
Apple did not mention CarPlay during its WWDC keynote this week, but iOS 18 includes a handful of new features for the in-car software. Overall, there is not a whole lot new for CarPlay on iOS 18, with changes seemingly limited to the Messages and Settings apps so far. Below, we recap everything new for CarPlay on iOS 18. New for CarPlay on iOS 18 1. Contact Photos in Messages App...
iPod Nano vs iPod Pro Ad Feature 1

Apple Developing Thinner MacBook Pro, Apple Watch, and iPhone

Monday June 17, 2024 2:22 am PDT by
Apple intends to slim down the MacBook Pro, Apple Watch, and iPhone, with the new ultra-thin M4 iPad Pro a sign of the company's new design trajectory, according to Bloomberg's Mark Gurman. When the M4 iPad Pro was unveiled last month, Apple touted it as the company's thinnest product ever, and even compared it to the 2012 iPod nano to emphasize its slim dimensions. Writing in the latest ...
watchOS 11 Thumb 2 1

watchOS 11 Supports Automatic Nap Detection

Monday June 17, 2024 4:05 pm PDT by
watchOS 11 appears to include a new feature that allows an Apple Watch to automatically detect and record when you're taking a nap. As shared on Reddit, an Apple Watch owner took a nap and was able to see the sleep data recorded in the Health app, despite not putting the device in Sleep Mode. Right now, the Apple Watch only tracks and records sleep when it is in Sleep Mode, and there is no...

Top Rated Comments

newyorksole Avatar
64 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
64 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
64 months ago
“Highly anticipated”? By who?

Just another credit card.
Score: 11 Votes (Like | Disagree)
shieldcy Avatar
64 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
64 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
64 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)