Apple revealed today that customers earned greater than $1 billion in Day by day Money from spending on Apple Card final yr. The tech large additionally introduced that Apple Card has topped greater than 12 million customers. Apple Card, which first launched in 2019, is solely accessible in the US.
The corporate additionally revealed that almost 30% of Apple Card clients make two or extra funds per 30 days. Plus, greater than 1 million customers are sharing the cardboard by way of Household Sharing, and almost 600,000 customers are constructing credit score equally with their spouses, companions or one other grownup.
“We designed Apple Card with users’ financial health in mind, and it’s rewarding to see our more than 12 million customers using its features to make healthier financial decisions,” stated Jennifer Bailey, Apple’s vice chairman of Apple Pay and Apple Pockets. “We’re proud of what we’ve been able to deliver to Apple Card customers in just five years. As we look at the year ahead and beyond, we’re excited to continue to innovate and invest in Apple Card’s award-winning experience, and provide users with more tools and features that help them lead healthier financial lives.”
Final April, Apple launched Apple Card’s high-yield Savings account provided by Goldman Sachs and reached over $10 billion in deposits a couple of months later. Apple says the overwhelming majority of customers presently auto-deposit their Day by day Money into Financial savings, and almost two-thirds of customers have deposited further funds from a linked financial institution. Immediately, Financial savings affords a high-yield APY (annual proportion yield) of 4.50 %. The Financial savings account provided an APY of 4.15% at launch.
Apple additionally revealed that greater than 200,000 customers have been accredited for an Apple Card after enrolling within the Path to Apple Card program, which offers custom-made steps that can assist you get accredited for Apple Card sooner or later after your preliminary utility was rejected.
