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US: Apple and Goldman Sachs to release a credit card together: report

By  |  February 24, 2019

Apple and Goldman Sachs are reportedly teaming up to offer a new credit card. The card is designed to work with the Apple Wallet app on iPhones to help customers set spending goals, track their rewards and manage their balances, according to the Wall Street Journal.

The card will be rolled out to employees for testing in the next few weeks and officially launch later this year, according to people familiar with the matter. The companies hope to lure cardholders by offering them extra features on Apple’s Wallet app, which will let them set spending goals, track their rewards and manage their balances, the people said.

The Wall Street Journal reported last year that the companies planned to launch a joint credit card. It is a major push by Apple into the financial lives of hundreds of millions of iPhone users. It is also part of Goldman’s broader strategy to appeal to rank-and-file consumers.

Full Content: Wall Street Journal

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