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Applerevealed todaythat user earned more than $ 1 billion in Daily Cash from spending on Apple Card last twelvemonth . The tech colossus also announced that Apple Card has topped more than 12 million users . Apple Card , which firstlaunched in 2019 , is exclusively available in the United States .
The company also revealed that nearly 30 % of Apple Card customers make two or more payments per month . Plus , more than 1 million users are sharing the identity card via Family Sharing , and nearly 600,000 users are work up credit equally with their spouses , partners or another adult .
“ We design Apple Card with user ’ financial wellness in thinker , and it ’s rewarding to see our more than 12 million customer using its features to make healthier fiscal decisions , ” say Jennifer Bailey , Apple ’s frailty Chief Executive of Apple Pay and Apple Wallet . “ We ’re gallant of what we ’ve been able to deliver to Apple Card customers in just five years . As we wait at the year ahead and beyond , we ’re excited to continue to introduce and invest in Apple Card ’s award - winning experience , and provide drug user with more tool and characteristic that help them lead healthier financial lives . ”
Last April , Apple launchedApple Card ’s high - yield savings accountoffered by Goldman Sachs and reached over$10 billion in depositsa few months later . Apple says the vast absolute majority of users currently auto - deposit their Daily Cash into nest egg , and nigh two - thirds of users have deposited additional funds from a linked bank . Today , savings offers a high - output APY ( annual percentage yield ) of 4.5 % . The savings account offered an APY of 4.15 % at launching .
Apple also let out that more than 200,000 users have been okay for an Apple Card after enrolling in thePath to Apple Cardprogram , which provide customized steps to serve you get approved for Apple Card in the future after your initial app was rejected .
