Apple has announced that the new Apple Card is now available in the US. You can now apply for Apple’s new credit card from the Wallet app on your iPhone.
Once you have applied for the card and been accepted, you will be able to use it directly from your iPhone before the physical card arrives.
Features and Benefits of Apple Card
The Apple Card is designed with a focus on simplicity and transparency. One of its standout features is the absence of fees. This means no annual fees, no late fees, no international fees, and no over-the-limit fees. This is a significant departure from traditional credit cards, which often come with a myriad of hidden charges.
Another key feature is the Daily Cash rewards program. Instead of points, Apple Card offers cash back on every purchase. Users get 3% Daily Cash on purchases made directly with Apple, including at Apple Stores, on the App Store, and for Apple services. Additionally, 2% Daily Cash is earned on purchases made using Apple Pay, and 1% on purchases made with the physical card.
Privacy and Security
Apple Card is built with privacy and security at its core. Each transaction requires authorization through Face ID or Touch ID, and a one-time unique dynamic security code. This ensures that your card number is never stored on your device or on Apple’s servers, adding an extra layer of security.
Moreover, the physical Apple Card is made of titanium and does not have a visible card number, CVV security code, expiration date, or signature. All these details are securely stored in the Wallet app, making it harder for fraudsters to steal your information.
Financial Health and Management
Apple Card also aims to help users manage their finances better. The Wallet app provides a clear and comprehensive view of your spending. Transactions are automatically categorized by color-coded charts, making it easy to see where your money is going. Additionally, Apple Card offers weekly and monthly spending summaries, helping users track their financial habits over time.
The card also encourages users to pay less interest by offering flexible payment options. The app shows a range of payment options and calculates the interest cost in real-time, allowing users to make informed decisions about their payments.
Customer Experience
Apple has partnered with Goldman Sachs as the issuing bank and Mastercard as the global payment network. This collaboration ensures that Apple Card users have access to a wide range of merchants and services worldwide.
The application process is straightforward and can be completed within minutes through the Wallet app. Once approved, users can start using their Apple Card immediately via Apple Pay, even before the physical card arrives.
You can find out more details about the Apple Card at the link below. As yet, there are no details on when it will launch in more countries.
Source Apple
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