Five Key Metrics of Apple Card On Its Fifth Birthday
Hey FinTech Fanatics,
Since its introduction in 2019, Apple Card has significantly impacted over 12 million cardholders. Celebrating five years, Apple Card shared key metrics:
Key achievements of Apple Card include:
1️⃣ Users earned over $1 billion in Daily Cash rewards last year.
2️⃣ A Savings account feature, reaching over $10 billion in deposits, with most users auto-depositing their Daily Cash and adding extra funds from linked bank accounts. The account currently offers a 4.50% APY.
3️⃣ About 30% of customers make multiple payments monthly, aided by tools that estimate interest and simplify bill payments.
4️⃣ Apple Card Family has grown significantly, with over 1 million users sharing the card within their Family Sharing Group, and nearly 600,000 building credit with partners or trusted adults.
5️⃣ The Path to Apple Card program has led over 200,000 users to credit card approval by following personalized financial health steps.
Enjoy more FinTech industry updates I listed for you below and I'll be back in your inbox tomorrow!
Cheers,
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