Tim Cook confirms Apple Card will launch in more countries

in General Discussion edited December 2019
Apple Card, the iPhone maker's branded credit card, will eventually see an international audience according to CEO Tim Cook, advising to a newspaper 'Apple Card should come to Germany.'

Speaking to the media on a trip to Germany, Apple CEO Tim Cook seemingly confirmed an international version of Apple Card is in the works, with Germany being a likely target for a future Apple Card launch. However, Cook stopped short of advising when the card would be available to acquire.

"We want to offer the cards everywhere," Cook told German newspaper Bild, indicating that the plan is to make Apple Card as ubiquitous around the globe as the iPhone. Cook does warn there are many difficulties in launching a credit card, with each country having different rules and regulations relating to banking countries.

"We want to come to Germany," Cook specifically claimed.

While Apple Card does offer many features useful to travelers, including no transaction fees for foreign purchases, the card is currently only available in the United States, where Apple has partnered with Goldman Sachs. Despite some issues, such as Apple sending emails inviting users to apply when they are based outside of the United States, the application process is still limited to those who pass Goldman Sachs' checks.

For Apple Card to launch in another country, it is likely that Apple will have to partner with another financial institution, rather than deal with setting up the service from scratch. So long as the service is seen as a success from the point of view of Goldman Sachs, this should make it easier for Apple to court existing credit card companies or banks in target markets to launch regional versions of the enhanced credit facility.

Potential partners have a hefty amount of outlay to pay if they do sign up with Apple. It is claimed Goldman Sachs is spending in the region of $350 per Apple Card signup, with the investment bank not expected to make a profit on the user until they have been a customer for an average of four years.


  • Reply 1 of 7
    lkrupplkrupp Posts: 9,454member
    There’s a hilarious rant going on in the Apple Discussion Forums over the fact that the Apple Card/Goldman Sachs doesn’t have a traditional website interface for the card, like “every other credit card”, to download a statement and is therefore useless. What’s even more amazing are the number of Quicken users having a cow over not being able to sync their Apple Card account with Quicken’s download service. That makes the card “useless” too. For years the self-proclaimed technorati of the tech blog world have been trashing Quicken as the worst piece of trash ever to be foisted on Apple users but Quicken users are crawling out of the woodwork now to bitch about the Apple Card.

    I swear the amount of unhappy/disgruntled people in this world must be growing exponentially. Is everything useless now?
    edited September 2019 watto_cobra
  • Reply 2 of 7
    The option to sign up does not show up for me. Apple says it’s because I have previously used Apple Pay in a foreign country. Gee, thanks. 
  • Reply 3 of 7
    Don't know how they're going to make money on me. I only use it for ApplePay purchases and pay it off every month, so they give me free credit and 2% cash back on all my expenses. Maybe they'll make it up in volume.
  • Reply 4 of 7
    Don't know how they're going to make money on me. I only use it for ApplePay purchases and pay it off every month, so they give me free credit and 2% cash back on all my expenses. Maybe they'll make it up in volume.
    They charge at least 2.7% to the end merchant, so yes, they’ll eventually make it up on volume. Even with paying you 2%.
  • Reply 5 of 7
    wlymwlym Posts: 101member
    As with other Apple services and features (I'm looking at you, Apple Watch ECG and Apple Pay), Canadians can expect to wait, very politely, at least a year for this. Sorry.
  • Reply 6 of 7

    I recently received my Apple Card.  However, since they don't offer direct download of transactions into Banktivity, I won't be using the card at all until direct download is available.  I guess I cost them $350 as a new signee that they may never recover since I won't be using it.

    It really is a cool looking card, though.

  • Reply 7 of 7
    I would think that he UK would be the next country to see the launch of Apple Card? The banking system here is one of the most advanced in the world. Apple has previously worked with Barclays in the UK but Barclays stopped issuing MasterCard in 2016 and now only issue Visa credit cards? 
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