Apple Card builds on the tremendous success of Apple Pay and delivers new experiences only possible with the power of iPhone”, said Jennifer Bailey, Vice-President of Apple Pay.
Apple Card will work with the Apple Pay account and allow the user to do payments at the places where the services are supported. Apple is luring users by doling out Daily Cash, the company’s term for cash back that will follow every transaction made using Apple Card. The Apple Pay appis designed in a way that will help in tracking everything such as expenditure, balance, and the minimum due bill that is incurred on the Apple Card. The company has also launched a physical, titanium card that does not bear expiry date, CVV, or any other card-related information.
Apple gives a Titanium Card
Apple Card is not only a digital credit card but Apple also showed a very premium, minimalistic physical card made of titanium with nothing but the unique card number on it. No CVV number, signature or expiration date on the card is mentioned. So basically, wherever Apple Pay is not accepted, Apple Card comes into play. Apple Card is expected to be available in the United States this summer before it reaches anywhere else.
Is It Different from any other card in India?
The Apple Card will show the minutest of your details, wherever or whenever the tractions are made with the use of machine learning as well as Apple Maps. It is said that Apple will maintain the virtual diary of weekly and monthly spending summaries. The rewards of Apple will be then gifted in the form of Daily Cash. The customers will also receive 2 percent cash back on general purchases or 3 percent on the purchase of Apple products. They will then get back one percent money when the Apple credit card is used. This means one can get an unlimited amount of Daily Cash and in addition to that, there’s no threat to the card, as no money snatching is available on Apple Credit Card. For instance, the customers don’t have to expense out anything like no annual fees, no international transaction charges, no late fees, and not even additional fees for going over the credit limit is charged. This is not the case with any other credit cards available in India, as we all know how expensive it is to maintain cards in this day and age. For using this card with, say, a shopping website or a learning app that requires entering the card number, Apple’s Wallet app generates a unique number for every single transaction. Talking about privacy protection, Apple says, Goldman Sachs will have all the data and won’t sell that information to third parties for marketing or advertising.
Cash Back Offers and Rewards
Similar to other different reward cards, Apple card users will get a 2% rebate when spending with the new card through the Apple Pay A credit card for iPhones app and 1% back when using it as a physical card. Every user will get 3% back on purchases from Apple, including anything purchased from its app stores or on iTunes. Apple said they would be available immediately on an accompanying app for use on new purchases. Privacy protection
Better Spending Data
The new card of Apple’s Wallet app will be providing highly detailed information about the spending data of the users via the card. Using data from Apple Maps, the app will show exactly where and when every transaction occurred instead of a traditional credit card statement. The app will “transform this mess into names and locations that you’ll recognize,” Apple Vice-President Jennifer Bailey said.
The Idea of 1980 Ready to Rule 2019
It’s actually hard to believe but Apple’s first credit card dates back to 1986! According to a report by the Cult of Mac, Apple’s first credit card was not made of titanium but was a made with the use of plastic and was said to made available in a splash of multiple colors and a small Apple logo on the top left corner of the card along with the card number and name of the card owner written under it. Going by the reports, Apple actually issued a number of credit cards in the 1980s and 1990s, but it was discontinued by the company later.