Rumours have it that Apple are looking to develop their own personal MasterCard credit card, through partnering with Goldman Sachs. The partnership will allow for apple to launch a new product, as the move away from their traditional technology products and move towards added extras such as Apple Music, icloud and Magazine Subscription services. Meanwhile Goldman Sachs will be able to reach the more everyday traditional client base.
The trial is said to launch with Apple staff in Spring, with the aim of rolling out the offering to the public at the end of the year. The credit card will work collaboratively with apple wallet bringing new money management features, including debt and reward insights. It is also said that apple is looking to incentivise people to use their credit card through their 2% cash back offers on most purchases, with the possibility for even more when purchasing an apple product.