Apple Inc. and Goldman Sachs Group Inc. are joining forces in the consumer credit business, launching the Apple Card for iPhones.
The card is tied to Apple Pay, a service that lets people load banking information and pay in store or use it for purchases online. It works globally where Apple Pay is accepted, lets users track spending in the Wallet app, and focuses on transaction privacy. The card also includes a cash back rewards program, including 2 percent cash back on all Apple Pay purchases made with the card and 3 percent on purchases made at the Apple Store or with services like the App Store.
