A report from The Wall Street Journal claimed that Apple and investment bank Goldman Sachs plan to launch a joint credit card later this year, and it's currently in internal testing. The card will integrate with the Wallet app on iPhone, and to function like Apple's fitness-tracking app, where it offers "rings" close when setting spending goals, tracking rewards, and managing balances.

Executives have discussed borrowing visual cues from Apple's fitness-tracking app, where "rings" close as users hit daily exercise targets, and sending users notifications about their spending habits. There also could be notifications based on analysis of cardholders' spending patterns, alerting them for example if they paid more than usual for groceries one week.
Further, the report stated that the card will be issued by Goldman Sachs and use MasterCard's payment network. The card is said to provide approximately 2% cash back for most purchases and may be used more for Apple products and services. The Wallet has received a small tweak in the iOS 12.2 beta, like new transitions and layouts for information, so it's very likely that Apple is in the work for a credit card.

Last year, WSJ also reported Apple has teamed up with Goldman Sachs to provide Apple credit card, and will no longer offer the Apple Rewards Visa that it made with Barclaycard. This can seen as a bright move by Apple, since it hopes to boost its Service business by charging a small processing fee when purchases made through Apple Pay.

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