Following a lengthy testing period, Apple will finally rollout their Apple Card credit card to users in the U.S. sometime in August. The timeframe was confirmed today by Apple CEO Tim Cook, during the company’s Q3 2019 financial results call.
Cook said “thousands” of Apple workers are currently beta testing the card. Bloomberg reported last Friday that the rollout would come during the first half of August, now that the release of iOS 12.4 has the necessary framework in place on devices.
iPhone users will be able to sign up for the card in the Wallet app, which will have built-in Apple Card support as a part of the recent iOS 12.4 update. Once approved, users can immediately begin using the new card with Apple Pay in stores, apps, or online.
The card will offer 3% cash back on Apple purchases, 2% cash back on Apple Pay transactions, and 1% on all other purchases.
Apple’s credit card gives customers easy-to-understand, real-time views of their latest transactions and balance right in Wallet, and support is available 24/7 by simply sending a text from Messages.
Apple Card uses machine learning and Apple Maps to clearly label transactions with merchant names and locations. Users will see their purchases automatically totaled and organized by color into color-coded categories such as Shopping, Entertainment, Food and Drink, and many more. Customers will receive weekly and monthly spending summaries.