New move from Apple Card for international use!

Tech giant Apple has been expanding its product range in recent years, seeking to expand into more areas. The company, which appeals to its users with its ecosystem, introduced the Apple Card in 2019. The card, the product of a partnership between Apple and Goldman Sachs, has recently taken steps to expand its domain.

Apple buys credit ratings credit ratings credit kudos

The company, of which Tim Cook is CEO, launched the Apple Card in 2019. It was first made available in the US. Cook has signalled from time to time that the card is being used at international level. Apple is preparing to pave the way for this situation with a deal.

In line with its goals, Apple acquired Credit Kudos, a British firm that scores loans for banks. Apple has set aside as much as $150 million for the acquisition, according to financial research publication The Block. Richard Gnodde, CEO of Apple Card partner Goldman Sachs International, signaled growth in 2019 with the following words:

We will start in the US, but in time we will definitely consider international opportunities for this.

This partnership paved the way for the Apple Card to become international. Credit Kudos is known as a company that aims to help banks by measuring the credit value of credit card applicants and institutions. Many features of Apple Card are also appreciated by users.

Apple Card features

The card, which primarily works with Apple Pay, refunds up to 2 percent in cash for purchases made. The card, which Apple describes as a stylish titanium card, does not charge transfer or commission fees. It also offers 0-interest installment options available on Apple products.