Apple introduces the Apple Card, a new way to use credit card service

screen shot 2019 03 25 at 123740 pm

Apple has introduced its news service called Apple News+ and it's not done. Apple continued took the stage to introduce the all-new Apple Card. The card is created to advantage of the the iPhone and all of Apple's services.

You'll get 2% daily cash offering from Apple. For purchases made directly from Apple, at their retail locations or even online, you get 3% daily cash. This cash is added directly to your card, not at the end of the week or end of the month. You can get unlimited cash.

Apple does not have late fees, no annual fees, no international fees, and not even over-limit fees. The company's goal with Apple Card is to provide interest rate that's industry's lowest, and the goal is to help you pay down your balance as soon as possible. The company has partnered with Goldman Sachs and MasterCard to issue this credit card. Apple Card will be accepted worldwide.

The company designed the new Apple Card with an emphasis on security and privacy. The card is stored on a special security chip. Apple doesn't know what you bought, what you bought, or even how you bought it. Everything is processed on-device and not on Apple services. Goldman Sachs will never sell information to third-party services.

To get an Apple Card, users will be able to sign up on their phone in the Apple Wallet app and get a digital card that they can use anywhere Apple Pay is accepted “within minutes.” Customers will also be able to track purchases, check balances, and see when their bill is due right from the app. Very convenient, huh?

The credit card is coming to the Wallet app this summer.

Hamza Khalid

The Jolt Journal is your source for daily tech news, breaking, reviews, and insights.

Leave a Reply