Apple Wants to Launch a Credit Card for iPhone Users

Apple wants to release its very own credit card of users of Apple devices that would provide a series of benefits, including rewards when purchasing content from the App Store.

Cupertino has teamed up with Goldman Sachs, according to a report from the WSJ, and the new credit cards will enter a private testing program in the coming weeks.

Only company employees will receive the new credit cards at first, but Apple hopes to bring it to the market as soon as possible, possibly later this year.

The credit cards will be specifically aimed to be used with the Wallet app that Apple offers on its devices, and will provide customers with 2% cash back for their purchases. Rewards are also likely to be offered, and Apple believes that it could thus not only increase spending in the App Store, but also be able to generate more revenue with its services.