Apple debuts Titanium Credit Card with Goldman Mastercard

Apple Inc and Goldman Sachs Group Inc are joining forces in the consumer credit business, launching the Apple Card credit card for iPhones.

The card is tied to Apple Pay, a service that allows people to load banking information and pay in store or use it for purchases online. It works globally where Apple Pay is accepted, lets users track spending in the Wallet app, and focuses on transaction privacy. The card also includes a cash back program for rewards, including 2 percent cash back on all Apple Card purchases and three per cent on purchases made at the Apple Store or with services like the App Store.