At the start of the year, Apple announced the Apple Card. This was Apple’s take on the credit card with a few changes. It is also being backed by Goldman Sachs, but unfortunately, Apple failed to mention when the card would be launching. We have heard rumors that it could arrive this week, but that is no longer the case.
In a new report from Bloomberg, it has been suggested that the Apple Card might only be released early August. No specific dates were mentioned except to say that it will most likely come in the first half of the month. The company had previously claimed that the card would be launching in the summer, so a launch in August will let Apple keep their promise.
There’s no way to confirm if the August date is real, but it makes sense. This is because the recent release of iOS 12.4 beta was to introduce support for the Apple Card, hinting that Apple was getting it ready for launch. We have also heard reports that Apple employees have already begun testing the Apple Card themselves, so it looks like we could be getting close.
The Apple Card boasts as the most consumer-friendly credit card in the market. There will be no fees to use it, no late fees, and there will also be cash-back rewards. This equates to 2% on regular purchases, and 3% for Apple purchases. It is currently only set to be launched in the US, but Goldman Sachs has expressed interest in potentially expanding its availability.