Goldman Sachs CEO Calls Apple Card the 'Most Successful Credit Card Launch Ever' - MacRumors
Skip to Content

Goldman Sachs CEO Calls Apple Card the 'Most Successful Credit Card Launch Ever'

by

The Apple Card was "the most successful credit-card launch ever," according to Goldman Sachs CEO David Solomon (via CNBC). The quote came from a Goldman Sachs conference call held earlier today, in which Solomon discussed the bank's new initiatives with its investors.

applecardhandson
Apple created the ‌Apple Card‌ in partnership with Goldman Sachs and Mastercard, launching the credit card in August. Solomon stated that since the August launch, the bank has seen a high level of consumer demand for the ‌Apple Card‌.

“In three short years, we have raised $55 billion in deposits on the Marcus platform, generated $5 billion in loans, and built a new credit-card platform and launched Apple Card,” Solomon said, adding “which we believe is the most successful credit-card launch ever.”

“Since August, we’ve been pleased to see a high level of consumer demand for the product. From an operational and risk perspective, we’ve handled the inflows smoothly and without comprising our credit underwriting standards.”

iPhone owners can sign up for ‌Apple Card‌ right in the Wallet app on iOS, and once they're approved they can begin using the digital version of the card immediately. ‌Apple Card‌ also comes in a physical titanium credit card to be used at places that don't accept Apple Pay.

Tag: Apple Card Guide

Popular Stories

apple nike daily cash

Apple Card Promo Doubles Daily Cash Back on Nike Purchases

Monday June 15, 2026 2:45 pm PDT by
Apple is teaming up with Nike for an Apple Card promotion that gives extra Daily Cash back. For the next month, Apple Card users can get 6% Daily Cash back when making a purchase with Apple Card using Apple Pay at a Nike retail store, the Nike website or Swoosh website, or Nike's apps. The Apple Card normally offers 3% cash back on Nike purchases, so the bonus is doubled during the...
Read Full Article • 17 comments
Waze logo

5 New Waze Features Rolling Out Now: Here Are All the Details

Monday July 13, 2026 3:42 am PDT by
Google today announced that Waze is getting a handful of new features, including some Gemini-powered personalization enhancements for Conversational Reporting. Conversational Reporting already uses Gemini when users report traffic incidents like slowdowns, but now you can use it to suggest map updates like road closures or outdated addresses. Saying something like "The road is closed here"...
Read Full Article • 48 comments
apple back to school sans airpods 2

Apple's 2026 Back to School Offer is Coming Soon

Sunday July 12, 2026 7:29 am PDT by
Apple's stores will be rolling out Back to School marketing materials this week, according to Bloomberg's Mark Gurman. This suggests that the offer will begin in the U.S. in the next few days. Last year, college students and educational staff could receive a free accessory like AirPods 4 or an Apple Pencil Pro with the purchase of a qualifying Mac or iPad model. The Back to School offer is in...
Read Full Article • 13 comments

Top Rated Comments

M
MoreRumors?
88 months ago
Like Apple, Goldman Sachs won’t say how many actually have been issued the Apple CC. What does successful mean without actual number to gauge or compare?
Score: 14 Votes (Like | Disagree)
B
Baymowe335
88 months ago

Until they can beat the 2% cash back on everything like Citi-Double does, this card makes no financial sense (except for apple purchases and select retailers giving 3%)
As with any card, you use a card for its strengths and other cards for their strengths. It certainly doesn’t make sense to use the Citi Double Cash for foreign transactions, (like for travel) because they charge you a fee.

My Reserve card crushes Citi Double cash for travel and dining.

2% on ApplePay transactions anywhere in the world is compelling and they’ve added 3% at Walgreens.

No card has it all but Apple Card is certainly in the running for cards that should be in your rotation.
Score: 13 Votes (Like | Disagree)
E
ersan191
88 months ago
Isn't this Goldman Sachs' only credit card launch ever? How would they know?
Score: 12 Votes (Like | Disagree)
Mutepointer Avatar
Mutepointer
88 months ago
The Apple Card was "the most successful credit-card launch ever," according to Goldman Sachs CEO. Translation = $$$$$$$$$$$$$$$$$$$$$$$
Score: 10 Votes (Like | Disagree)
Y
yossi
88 months ago
Until they can beat the 2% cash back on everything like Citi-Double does, this card makes no financial sense (except for apple purchases and select retailers giving 3%)
Score: 9 Votes (Like | Disagree)
twocents Avatar
twocents
88 months ago
I can't really say that I *like* having another credit card, but Apple really put some polish on this service with no fees, transparency with interest rates, and spending tracking. Looking forward to additional 3%-er partners soon
Score: 8 Votes (Like | Disagree)
Read All Comments