Apple launches credit card with Goldman Sachs

Apple Inc on Monday launched a credit card with Goldman Sachs Group Inc that will be synched with iPhone users’ Apple Wallet and can be used to buy Apple products at a discount. Speaking at an event at the iPhone maker’s headquarters in Cupertino, California, Vice President for Apple Pay Jennifer Bailey said the credit card will work through Apple’s wallet app, and that card holders can earn 2 percent cash back on all purchases and 3 percent on Apple products. The card will also work with new Apple Wallet features to help consumers track their spending and monthly purchasing trends.