In the report today, the company said that its users had earned more than $1 billion from Daily Cash from their spending on Apple Card in the last year. Apple also said that Apple Card has more than topped 12 million users. The card is only available in the United States and was first launched by the tech giant in 2019.

The company further added that close to 30% of its Apple Card customers are making two or more payments every month. More than 1 million users even shared the card through Family Sharing while nearly 600,000 are building credit equally with their spouses, partners or another adult.

This is the verdict of Jennifer Bailey, vice president of Apple Pay and Apple Wallet: "We designed Apple Card with consumers' financial well-being in mind, and it's great to see our more than 12 million customers use its functionality to build healthier financial habits," she said. "We are proud of what we have been able to bring to Apple Card customers in just five years.". As we move forward with the next year and beyond, we are excited to continue innovating and investing in Apple Card's award-winning experience and offer users more tools and features to help them lead healthier financial lives, he said.

By last April, Apple had already launched Apple Card's savings account offered by Goldman Sachs, and was already seeing over $10 billion in deposits just a few months later. According to Apple, the vast majority of its users are now auto-depositing their Daily Cash into savings, and nearly two-thirds of users have deposited additional funds from a linked bank. Savings currently offers a high-yield APY of 4.5%. When the savings account launched, it offered an APY of 4.15%.

The company also added that more than 200,000 have been approved for an Apple Card after enrolling in the Path to Apple Card program, which provides tailored steps to guide you in getting approved for Apple Card in the future after your initial application was rejected.