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Goldman Sachs CEO: Apple Card is the most successful credit card launch ever

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When you buy something using Apple Card, you get a percentage of your purchase back in Daily Cash. Not a month from now, but every day. There’s no limit to how much you can get. And it goes right onto your Apple Cash card, so you can use it just like cash. Get 3% Daily Cash on everything you buy from Apple, whether you buy it at an Apple Store, apple.com, the App Store, or iTunes. That includes games, in‑app purchases, and services like your Apple Music subscription and iCloud storage plan. And at select partners such as Uber, Uber Eats, and. now, Walgreens, you'll get 3% Daily Cash when you use Apple Card with Apple Pay. Just as you do at Apple.
When you buy something using Apple Card, you get a percentage of your purchase back in Daily Cash. Not a month from now, but every day. There’s no limit to how much you can get. And it goes right onto your Apple Cash card, so you can use it just like cash.
Get 3% Daily Cash on everything you buy from Apple, whether you buy it at an Apple Store, apple.com, the App Store, or iTunes. That includes games, in‑app purchases, and services like your Apple Music subscription and iCloud storage plan. And at select partners such as Uber, Uber Eats, and. now, Walgreens, you’ll get 3% Daily Cash when you use Apple Card with Apple Pay. Just as you do at Apple.

On a conference call Tuesday, Goldman Sachs CEO David Solomon called his bank’s rollout of the Apple Card “the most successful credit card launch ever.”

High Son for CNBC:

“In three short years, we have raised $55 billion in deposits on the Marcus platform, generated $5 billion in loans, and built a new credit-card platform and launched Apple Card,” Solomon said, adding “which we believe is the most successful credit card launch ever.”

Continuing on the Apple Card, which the bank built in partnership with the iPhone maker, Solomon said that “since August, we’ve been pleased to see a high level of consumer demand for the product. From an operational and risk perspective, we’ve handled the inflows smoothly and without compromising our credit underwriting standards.”

MacDailyNews Take: As predicted:

Apple Card will be a smashing success! — MacDailyNews, April 29, 2019

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