A billion dollars in cash rewards for Apple bank card users

For the first time, Apple shared the number of Apple Card service users. This service is only available in the United States.

The iPhone manufacturer announced that its credit card has more than 12 million subscribers. 30% of these people use this card continuously and make two or more payments per month.

The Apple Family Card service has also witnessed a significant growth; So that now more than one million people have shared their card through Family Sharing. About 600,000 cards have also been set up as joint owners and collect credits in this way.

For the first time in 2019, the Macbook manufacturer Apple Card in cooperation with financial group Goldman Sachs presented. The Cupertino-based company’s promise with Apple Card was a straightforward credit card experience with no hidden fees and a cashback system called Daily Cash. Last year alone, Apple users earned more than $1 billion in Daily Cash rewards.

Jennifer Baileyvice president of Apple Watch manufacturer, in Apple press release said that the company is excited to continue to innovate and invest in the acclaimed Apple Card experience; Because 12 million customers use this service to make better financial decisions.

In Apple’s press release, Goldman Sachs said: “We are committed to providing an excellent experience for Apple Card customers.”

The situation behind the scenes is not very good for the relationship between Goldman Sachs and the iPad maker. It seems that following the huge losses, this financial group plans to exit all its customer-oriented businesses; For this reason, it is believed that Apple is looking to replace this company in the coming year.

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