If you’re looking to add the Apple Card to your wallet, then you can currently earn a $75 signup bonus when you apply through referrals. This is not the best cards out there, but it is quite popular. Normally there’s no bonus at all, but we have seen this $75 bonus occasionally. Check out the details below.
Offer Details
Open a new Apple Card and receive $75 Daily Cash when you make your first purchase within 30 days.
3% cash back on Apple purchases and select merchants:
Walgreen’s, Duane Reade, Uber, UberEATS, T-Mobile store purchases, and Nike when using Apple Pay
2% cash back on all Apple Pay purchases
1% cash back on all other purchases
No foreign transaction fees
No cash advance fees
No late payment fees
No over-the-limit fees
No balance transfer fees
Guru’s Wrap-up
As I mentioned above, the card is quite popular even with the issues that have resulted in huge fines for Apple and Goldman Sachs. But the earning rates are not great and the bonus is not very enticing either. But if you want the card, then it’s better to apply when there’s a signup bonus.
Goldman Sachs Group Inc. and Apple Inc. will pay more than $89 million to resolve a long-running investigation into their credit-card joint venture after the top US consumer watchdog said the pair misled customers and mishandled disputes. The Consumer Financial Protection Bureau said customer service breakdowns and misrepresentations affected hundreds of thousands of Apple Card […]
Initially Apple Card offered no signup bonus at all, then they mellowed and started doing some smaller $50 – $100 bonuses; the highest we’ve seen before was a targeted $200. And so I was surprised to see this offer popped up in my email inbox – at $300 I might go for it. If you’re targeted, keep in mind this will count toward your 5/24 count for future Chase applications.
Apple and Goldman Sachs are parting ways on the Apple Card and the tech giant will be in the market for a new issuer — and whether that’s a traditional financial institution or card-issuing fintech is the question now. The companies have been in cahoots on the Apple Card since 2019, but losses in Goldman’s […]
Via WSJ, Apple plans to cut ties from Goldman Sachs as the banking institution behind their popular Apple Card credit card and Apple high yield savings account. The company sent a proposal to complete the exit within the next 12-15 months. Apple will be working to find a new bank backer for these products.
(Bloomberg) — Goldman Sachs Group Inc., which has been trying to jettison its struggling credit card business, now has a potential way out of its partnership with Apple Inc.
Most Read from Bloomberg
The iPhone maker, which offers a credit card and savings account with Goldman, recently sent a term sheet to the financial giant that would be a first step toward severing the contract, according to a person familiar with the matter. The process could still take multiple years, said the person, who asked not to be identified because the discussions are private. The partnership had been slated to last at least another five years.
Goldman Sachs has been pulling back from a foray into consumer lending after it proved costlier than expected. The New York-based company has said it pushed too quickly into the effort, contributing to missteps. Goldman also is expected to scrap a credit card partnership with General Motors Co.
For Apple, the partnership was part of a broader push into financial offerings. The company is looking to generate more revenue from services as sales of its hardware products slow. Apple got 22% of its sales from that category last year, up from less than 10% a decade ago.
The iPhone maker remains committed to its Apple Card credit card and savings account and doesn’t plan to discontinue the products — whether or not Goldman is involved — the person familiar with the situation said. Apple hasn’t gotten to the point of talking to firms that could replace Goldman, according to the person.
In a statement, Apple said it was “focused on providing an incredible experience for our customers to help them lead healthier financial lives.”
“The award-winning Apple Card has seen a great reception from consumers, and we will continue to innovate and deliver the best tools and services for them,” the Cupertino, California-based company said in the statement.
Goldman Sachs has been exploring options to get out of its credit card tie-ups for much of this year, people with knowledge of the matter have previously said. Apple’s proposal would give the company a way to do that, but it’s not yet a done deal, according to one of the people.
Goldman Sachs declined to comment. The Wall Street Journal previously reported on the proposal Apple sent to Goldman, saying it could take effect within approximately 12 to 15 months.
Goldman Sachs has held talks with American Express Co. to take over the Apple credit card and other services, but that company expressed concerns about loss rates, the Journal said. Synchrony Financial also broached the idea of taking over the credit card program, according to the newspaper.
Despite the struggles, Apple and Goldman Sachs just introduced a long-promised high-yield savings account in April. And the companies touted in August that the program had reached $10 billion in US deposits.
The savings account drew complaints from some users, who weren’t able to easily withdraw cash. Chief Executive Officer Tim Cook said in a June interview that the problem was caused by a security system designed to prevent fraud.
—With assistance from Sridhar Natarajan and Mark Gurman.
Artificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and the all-important act of approving or denying credit is increasingly being turned over to highly sophisticated neural networks. Compared with the simple logistic regression models still used by many financial institutions, AI models can provide […]
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