This new tech product from Apple was being in rumours since last year. In Cupertino today, the Tech Beast Apple unveiled Apple Card at its service-focused “Show Time” event. Apple’s first credit card will debut this summer in partnership with Mastercard and the issuing bank Goldman Sachs. Also, Apple promises to build incredible ease and security along with providing simplicity, transparency, and privacy.
How to Get?
To get an Apple Card, users will be able to sign up on their iPhone in the Apple Wallet app that is, Apple Pay. Then you can get a digital card that they can use anywhere. Customers will also be able to track purchases, check balances, and see when their bill is due right from the app.
There will be a physical titanium card also but there’s no credit card number, expiration date, CVV or signature. It has a simple design with only your name and a chip, also a magnetic strip on the rear. All of that authorization information is stored directly in the Apple Pay app.
During the event, Jennifer Bailey explains the points-based reward program, calling Daily Cash. Apple Card gives cashback rewards in the form of Daily Cash. You will get 3% cashback on Apple purchases, 2% on all purchases made with Apple Pay and 1% cashback on physical card purchases.
The company is also promising that there will be no late fees, no annual fees, no international fees, and no over-limit fees with this credit card. Also lower interest rates with no penalties for missing payments.
Apple Card is designed to make sure you’re the only one who can use it. All the advanced security technologies of Apple Pay, Face ID, Touch ID, unique transaction codes are built right in. The company also promises that Goldman Sachs will never sell your data to third parties for marketing or advertising.
Apple provides all the information in details on their official website.