Apple Card Turns Six With Big Change Ahead

Six years later, the Apple Card is a huge but controversial success

On August 20, 2019, Apple officially launched Apple Card with any US citizen able to apply. Since then it's been a hit, but it's faced controversy over everything from low reward rates to alleged sex discrimination — and Apple's partner wanting to pull out.Apple CardIn every sense bar one, Apple Card is a typical Apple product. It was rumored for years, it launched to fanfare and criticism, plus it was even thought of first by Steve Jobs. The di…

Apple Card Turns Six With Big Change Ahead

Tomorrow marks the sixth anniversary of the Apple Card becoming widely available in the U.S., following a more limited preview period. Apple's credit...

Apple Card at Six: A Milestone with a Shift on the Horizon - AppleMagazine

Apple partnered with Goldman Sachs to bring the card to market, leveraging the bank’s expertise in consumer lending. However, the relationship hasn’t been without friction. Customer service issues, particularly around disputed transactions and delays in savings account withdrawals, drew scrutiny. The U.S. Consumer Financial Protection Bureau investigated Goldman Sachs, resulting in a combined $90 million fine for both companies due to what the a…

Apple Card turns six – and still hasn’t expanded beyond the U.S.

Today marks six years since Apple launched the Apple Card in the United States. Introduced on August 20, 2019, the card was rolled out in partnership with Goldman Sachs and billed as a secure, user-friendly credit card designed to work seamlessly with the Wallet app. The Apple Card was notable for its deep integration with iOS, offering digital-first features such as real-time transaction tracking, color-coded spending summaries, and Daily Cash …