<p>Apple has found an unexpected partner in Goldman Sachs, gearing up to co-launch a MasterCard-based credit card,<a href="https://www.wsj.com/articles/apple-goldman-sachs-team-up-on-credit-card-paired-with-iphone-11550750400?mod=hp_lead_pos1#comments_sector"> the Wall Street Journal announced Thursday.</a></p> <p>The card, which will be fixed into the Apple Wallet app, will go through internal testing before being made publicly available in spring. Apple is expected to get a cut each time the credit card is used; more than it currently does through Apple Pay, where user uptake has been slow. The firm is also said to want to boost its app revenue to $50 billion by next year.</p> <p>In turn, Goldman has reportedly committed a $200 million budget to building the internal loans infrastructure, given it is its first credit card. The bank is hoping to onboard new retail clients at low cost. </p> <p>"It is a major push by Apple into the financial lives of hundreds of millions of iPhone users. It is also part of Goldman’s broader strategy to <a class="m_1080808476526278362gmail-icon m_1080808476526278362gmail-none" href="https://www.wsj.com/articles/goldman-sachs-adviser-to-the-elite-wants-to-be-your-main-street-banker-1519745369?mod=article_inline" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=https://www.wsj.com/articles/goldman-sachs-adviser-to-the-elite-wants-to-be-your-main-street-banker-1519745369?mod%3Darticle_inline&amp;source=gmail&amp;ust=1550839647336000&amp;usg=AFQjCNE2Mf0wLrDOHpCymUCCV1J3sWUapg">appeal to rank-and-file consumers,"</a> the newspaper reported. "Executives must now walk a fine line between encouraging responsible borrowing and getting users to spend enough on the card to generate profits."</p> <p>Benefits for card users will include being able to track their spending, as well as earning 2 percent cash back on most purchases; "potentially more on Apple gadgets and services."</p>