Apple Card gets new savings account feature
Apple has announced an expansion of its collaboration with Goldman Sachs for a new Apple Card feature.
Apple Card is Apple's own credit card and is currently only available in the United States. Introduced in August 2019, it combines a titanium physical card without a printed number with full integration into Apple Wallet on iPhone. The focus is on features like Daily Cash – daily cashback credits directly to Apple Cash – a fee-free concept without annual, foreign transaction, late or over-limit fees, a savings account with an attractive interest rate, a detailed spending overview in Wallet, and monthly payment recommendations via Apple Card Family and Smart Tracker. After Apple's split from its original banking partner Goldman Sachs, JPMorgan Chase has taken over issuing the card, with little impact on the core functions for users.
On apfelpatient.de, this tag distills the German-language coverage around Apple Card into one place: background on the banking transition from Goldman Sachs to Chase, reports on Daily Cash, the savings account and new features, regulatory topics such as the CFPB's prohibition of certain marketing practices, comparisons with traditional Visa and Mastercard products, background on a potential international rollout, and analysis of what Apple Card features could mean for Wallet features outside the US in the medium term.
Anyone wanting to follow Apple's push into the financial space, place Apple Card within the broader services business or stay informed early about a potential international rollout keeps every Apple Card development in view right here.
Apple has announced an expansion of its collaboration with Goldman Sachs for a new Apple Card feature.
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