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Tuesday 26 March 2019

Apple introduces Apple Card, a credit card with no fees, daily rewards and cashback

At a special event yesterday, Apple announced Apple Card, a new kind of credit card that is built into the Apple Wallet app on iPhone as well as a physical credit card. The company says the Apple Card will offer a similar experience to the customer just like Apple Pay. https://www.youtube.com/watch?v=HAZiE9NtRfs Unique card number Those who wish to use Apple Card can sign up in the Wallet app on their iPhone and can be used in stores, in apps or online worldwide. Once you sign up the card, a unique card number is created on iPhone for Apple Card and stored safely in the device’s Secure Element, a special security chip used by Apple Pay. Lesser interest, more privacy Unlike credit cards, the Apple Card will transform the experience by simplifying the application process, eliminating fees, encouraging customers to pay less interest and providing a new level of privacy and security. Daily Cash program Apple Card also offers a clearer and more compelling rewards program than other credit cards with Daily Cash, which gives back a percentage of every purchase as cash on customers’ Apple Cash card each day. Having said that, it is now available exclusively for the US this summer. Weekly and monthly spending summaries. Moreover, it ...