This month marks three years since the launch of Apple’s Apple Card in the United States. The Apple Credit Card first rolled out to a limited number of customers on August 6, 2019, and expanded to all eligible U.S. residents two weeks later.
However, for iPhone users living in other countries, the Apple Card never came. Because Apple Card is not yet available outside the US. According to the Canadian Bankers Association, one country where the Apple Card would be particularly meaningful would be Canada.
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As of January 2021, the iPhone had over 50% market share and 76.2 million Visa and Mastercard cards in circulation. Apple Card standard 2% cash back on Apple Pay purchases and 3% cash back at participating merchants is more competitive with other Canadian credit cards, but Apple Card rewards may vary by country.
During a trip to Germany in 2019, Apple CEO Tim Cook said that Apple is open to offering credit cards in other countries, but noted that banks and regulations vary around the world. The Apple Card trademark was approved in Canada last year, but Apple has not announced any plans to expand the card service internationally.
Launched in partnership with investment banks Goldman Sachs Group Inc. and Mastercard, Apple Card is fully manageable through the Wallet app on your iPhone or Apple Watch, and its key features include color-coded spending summaries, cash back on daily payments, interest – the only way to buy new Apple products Free funding option with no fees other than interest charges on overdue balances. Stores that don’t accept contactless payments can also use a physical Apple Card.
