5 years after Apple Card was first launched in 2019, 12 million Apple Card customers are reaping the advantages of Apple Card’s award-winning expertise. From easy-to-navigate spending instruments, to Apple Card Household, and the not too long ago added Financial savings account,1 Apple Card continues to reinvent the bank card expertise and supply options designed to assist customers lead more healthy monetary lives.
“We designed Apple Card with customers’ monetary well being in thoughts, and it’s rewarding to see our greater than 12 million prospects utilizing its options to make more healthy monetary choices,” mentioned Jennifer Bailey, Apple’s vice chairman of Apple Pay and Apple Pockets. “We’re pleased with what we’ve been in a position to ship to Apple Card prospects in simply 5 years. As we have a look at the yr forward and past, we’re excited to proceed to innovate and spend money on Apple Card’s award-winning expertise, and supply customers with extra instruments and options that assist them lead more healthy monetary lives.”
“Because the launch of Apple Card, the client response has been glorious, and we’re happy that we proceed to see customers incorporate the revolutionary instruments and options into their monetary lives,” mentioned Invoice Johnson, Goldman Sachs’s CEO of Enterprise Partnerships in Platform Options. “We’re dedicated to persevering with to ship a wonderful expertise for Apple Card prospects.”
Utilizing Apple Card’s digital-first instruments and advantages, customers are:
- Maximizing their Day by day Money rewards: Final yr, customers earned over $1 billion in Day by day Money from spending on Apple Card.
- Saving for the longer term and rising their rewards with Financial savings: The Financial savings account shortly grew to become a favourite function amongst Apple Card customers and reached over $10 billion in deposits in just some brief months. Immediately, the overwhelming majority of customers auto-deposit their Day by day Money into Financial savings, and almost two-thirds of customers have deposited extra funds from a linked checking account to additional assist them save for the longer term.2 Immediately, Financial savings provides a high-yield APY of 4.50 %.3
- Making wholesome monetary choices with Apple Card’s cost instruments: Almost 30 % of Apple Card prospects make two or extra funds per thirty days. Apple Card makes it simpler for customers to grasp and pay their invoice, as funds are all the time due on the final day of the month, and with the assistance of the curiosity estimator device, customers can simply view the stability on their card and use the device to estimate the potential curiosity in actual time to allow them to make an knowledgeable choice earlier than they make a cost.
- Utilizing Apple Card Household to increase wholesome funds to the Household Sharing Group: Since its introduction in 2021, greater than 1 million Apple Card customers share Apple Card with their Household Sharing Group via Apple Card Family, and almost 600,000 customers are constructing credit score equally with their spouses, companions, or one other trusted grownup on Apple Card.4
- Using Path to Apple Card to increase their entry to credit score: Since its introduction, over 200,000 customers and counting have been authorised for an Apple Card after enrolling within the Path to Apple Card program and efficiently following this system’s personalised steps, that are designed to enhance a consumer’s monetary well being.
- Having fun with the privateness and safety of Apple Card: Constructed with the privateness and safety of iPhone, and distinctive options comparable to Superior Fraud Safety, Apple Card provides real-time fraud safety, and in 2024 was acknowledged because the Finest Credit score Card for Privateness by Bankrate.
Constructed into Pockets on iPhone, Apple Card has remodeled the bank card expertise by providing easy-to-use digital instruments, creating much more methods customers can get essentially the most out of their rewards, and serving to prospects construct and prolong wholesome monetary habits — all whereas providing the privateness and safety customers anticipate from Apple.
Apple Card was additionally named the Finest Co-Branded Credit score Card for Buyer Satisfaction with No Annual Charge within the J.D. Energy 2023 U.S. Credit score Card Satisfaction Research, marking the third consecutive yr Apple Card and issuer Goldman Sachs have been acknowledged by J.D. Energy with a No. 1 rating of their phase within the U.S. Credit score Card Satisfaction Research.5