Bloomberg recently released data they said were taken from documents of Goldman Sachs, Apple Card credit card partner with Apple. This data shows that Goldman Sachs has expanded its credit card for Apple Card users up to $ 10 billion, and now all credit card users have a total of $ 786 million in debt. many purposes of shopping, paying bills and more. For a credit card that has only been launched for less than 3 months like the Apple Card (launched in August), this is a number showing that the number of people using this service is very large, thereby proving The level of appeal of this card in the eyes of consumers.
Apple Card holders who use the card for Apple, Uber, Uber Eats, T-Mobile, Walgreens and Duane Reade services will receive a 3% cashback, while other services will only receive 1% cashback. But the essence of this credit card is that users will have to stick with the iOS ecosystem, helping Apple sell more of their products. While Apple is trying to make money from the service sector when the iPhone is on the decline in sales, the Apple Card is one of the things they have to invest the most.