Apple has instructed its Apple Card[1] issuing partner Goldman Sachs[2] “to approve as many of its 100 million-plus iPhone users in the US as possible” for its new credit card “within the bounds of regulations and responsible lending,” CNBC reports[3].
The result is that the bank “is accepting some applications from users with less-than-stellar credit scores,” the report says.
Currently, just 1.6% of US in-store transactions are conducted using NFC mobile payments services such as Apple Pay[4] but three-quarters of Apple Pay users say they are attracted to Apple Card — along with 60% of those who are eligible to use Apple Pay but are yet to begin using it[5].
More than half (52%) of Apple Pay users say they are likely to apply for the Apple Card in the next 12 months[6].
References
- ^ Apple Card (www.apple.com)
- ^ Goldman Sachs (www.goldmansachs.com)
- ^ CNBC reports (www.cnbc.com)
- ^ conducted using NFC mobile payments services such as Apple Pay (www.nfcworld.com)
- ^ but are yet to begin using it (www.nfcworld.com)
- ^ likely to apply for the Apple Card in the next 12 months (www.nfcworld.com)
