Apple and Goldman Sachs will be launching a new joint credit card, as soon as this spring. This card will be using the MasterCard payment network, and will be designed to be used with iPhone and Apple Pay.

Besides for the big 4 card issuers, Chase, Amex, Citi and Barclays, there are numerous other banks which offer credit cards as well, but this is Goldman Sachs’s first ever credit card! Will this be the first of other cards issued by Goldman Sachs? Time will tell.

According to the Wall Street Journal, this card will have special features in the Apple Wallet app that will only be available to cardholders.

This card is set be offering a nice 2% cash back on most purchase, with potentially more cashback on Apple purchases. This is very similar to the Citi Double Cash Card which offers 2% cashback on all purchases.
What we don’t yet know, is if there will be a signup bonus for this card, though at this point it doesn’t seem to be likely.

Stay tuned…