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Apple Card is a credit card created by Apple Inc. and issued by Goldman Sachs, designed primarily to be used with Apple Pay on an Apple device such as an iPhone, iPad, Apple Watch, or Mac. [1] [2] Apple Card is available only in the United States, with 12 million cardholders as of early 2024. [3] [4] [5]
Card holder or cardholder may refer to: A person who owns a card, such as a cardholder of a credit card or debit card; A device which holds a card, such as a SIM card;
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The credit card issuer is sharing some of this commission with the card holder to incentivise them to use the credit card when making a payment. Rewards-based credit card products like cash back are more beneficial to consumers who pay their credit card statement off every month.
In December 2013, U.S. District Court Judge John Gleeson approved a settlement in the case that amounted to $7.25 billion. [22] The settlement lowers interchange fees for merchants and also protects credit card companies from being sued over the issue again in the future. [23] That settlement was reversed.
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