Apple Card: All you need to know about the brand’s thinnest product


The Apple Card is one of the four product announced at the Steve Jobs Theater yesterday, and below is a detailed directory on how to use it

The newly unveiled Apple Card is not a ‘one-time’ card, instead, the company wants every user to have one in there wallet or pouch, as it can be used just like any other credit card out there. While the card is still in a beta mode, Apple promises to improve things about the credit card experience with simpler applications, no fees, lower interest rates, and better rewards.

How to get the Apple Card

To get an Apple Card, users will be able to sign up on their iPhone in the Apple Wallet app and get a digital card that they can use anywhere Apple Pay is accepted “within minutes.”–this simply means you can complete any major transaction as long as offer Apple Pay as an option, be it in a grocery store, or any merchandise that does. Furthermore, 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, too, but unlike other credit cards used for the same purpose, the Apple card is void of the credit card number, CVV, expiration date, or signature. All of that authorization information is stored directly in the Apple Wallet app.

Where to use the card

If you are worried about locating a store that accepts the card, then I must say that’s never a concern. Apple informs that  it’ll use machine learning and Apple Maps to label stores that you use in the app, and use that data to track purchases across categories like “food and drink” or “shopping.”

Other benefits to enjoy while using the card also includes “no late fees, no annual fees, no international fees, and no over-limit fees” with the Apple Card and “lower interest rates” with no penalties for missing payments, with APR rates ranging from 13.24 percent to 24.24 percent based on credit. (The company also notes that “late or missed payments will result in additional interest accumulating toward the customer’s balance.”)

Image result for APple card

As seen in the image above, Apple is also offering an app that can be used to track every activity going on on the card. It will also serve as a wallet where you can check your current balance, how much you owe, what you spent, and due date for payments.


That been said, one key factor seems to be missing, and that’s Privacy. Apple is keen on offering a top-notch standard when it comes to privacy, and in the same manner, the company is offering nothing less than the premium for the Apple Card. “Apple doesn’t know what you bought, where you bought it, and how much you paid for it,” said Jennifer Bailey, VP of Apple Pay. All of the spending tracking and other information is stored directly on the device, not Apple’s servers. The company also promises that “Goldman Sachs will never sell your data to third parties for marketing and advertising.”

Like other product unveiled, the Apple card will not be available until sometimes around the upcoming summer. Details on how much the card will cost is yet to be available, but we will sure keep you posted as events unfold.


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