Apple Card coming to the US this summer to help you "lead a healthier financial life"
Earlier today, Apple announced its credit card that was built for simplicity, transparency, and privacy and should hit the US market this summer. Simply — and obviously — called "Apple Card," this is more than just a credit card. According to its creators, "Apple Card brings together Apple’s hardware, software and services to transform the entire credit card experience."
Those interested can sign up for Apple Card directly in the Wallet app on their iPhone and start using it with Apple Pay right away. Apple Card comes with the following benefits:
- Weekly and monthly spending summaries, with purchases automatically totaled and organized by color-coded categories.
- Daily Cash rewards: 1 percent money back for purchases made with the physical card, 2 percent for Apple Pay purchases, and 3 percent back for transactions made directly with Apple (Apple Stores, the App Store, and Apple services).
- No annual, late, international, or over-the-limit-fees, as well as among the lowest interest rates in the industry.
- All transaction data is processed on-device, so the privacy of the customer is maintained at all times and the sensitive information never reaches Apple's servers.
- Physical cards and services provided by Apple in collaboration with Mastercard and Goldman Sachs.
- Titanium physical Apple Card for locations without Apple Pay support, without card number, CVV code, expiration date, or signature on it — more secure than any other such product currently available.
The US residents interested in Apple Card can sign up for the latest news on this service here. However, Apple Card will only be available to those who qualify starting this summer. There is no accurate launch date yet, so we will probably get back to this topic in the coming months.
Is Apple Card an innovative offering or just a small addition to Apple Pay? Feel free to share your thoughts with the rest of us in the comments section.