In the Q4 fiscal earnings report, Apple CEO Tim Cook mentioned that the company was extremely happy with the Apple Card, and claimed that it was ‘the most successful’ among credit card launches in the U.S.
From the card’s launch in August till September 30, financial institution and Apple partner Goldman Sachs extended a total of $10 billion in credit lines to Apple Card customers.
Apple has been working on adding new features to the card, including 3% cashback from Walgreens, T-Mobile, Uber, Duane Reade and Uber Eats purchases, with more participating merchants down the pipeline.
Apple Card owners get 2% cashback on Apple Pay purchases and 1% cashback on non-Apple products in stores or on the internet. Recently, the Cupertino-based company announced that they’re giving owners the ability to buy an iPhone and pay for it over the course of 24 months without any interest.