If you are thinking of getting a new credit card. Or you are just fed up with the hidden charges which pile up in your existing credit card, then good news for you. Finally, Apple has entered into the buisness. Recently the billion dollar company has unveiled its apple card explicitly for its iphone users. Keep reading to know everything before you order one for yourself.
Designed flawlessly from scratch!
The apple card is not just a conventional card, but a new addition to the Apple ecosystem. The card works exceptionally well with Apple Pay and provides a seamless integration.
The card is made from titanium and has your name laser etched on it. The front of the card does not have a card number or expiration date listed, and on the back, there is no CVV or signature. Therefore if someone steals your card there is no way for them to use it.The card still contains a traditional magnetic stripe and built-in chip. Here’s what an Apple card looks like.
The card represents the simplicity, transparency and privacy that Apple is well-known for. Every Apple card lives on the Wallet app and you will almost never need to use the physical card. All the transactions are carried out via the wallet App itself.
To offer the best to its users, Apple has partnered with Mastercard and Goldman Sachs. Partnering with Mastercard actually helps you to use the card at all Mastercard accepted stores who don’t accept Apple Pay. Thus, you can pay globally without any hassles.
Track every Transaction
Every transaction you make is updated instantly in the Wallet app with the color-coded categories like Food and Drinks, Shopping and Entertainment and more. Apple card also provides weekly and monthly spending summaries, again using the same color coding so that you can see where you are being spendthrift.
Also, the card appears white initially on the wallet app and changes color in accordance to your purchasing habits over different categories, so now if the card all yellow then probably you should manage your shopping habits.
Apple is using machine learning and Apple Maps to accurately label every transaction you make, this provides you with a clear view of your spent money. So now you will not be confused while gathering monthly expenses.
Daily Cash, Real cash
For evey transaction you make Apple will reward you with Daily cash. And there is no limits on the amount you can get. And it goes straight to the wallet app, there are no gimmicks of storing points or rewards and converting them into cash. The daily cash reward structure is pretty interesting
- You will get 3% back if you buy anything from Apple. Even games, itunes, apple music, or in-app purchases, every transaction offers you with daily cash.
- Get 2% back for everything you buy using Apple Pay. That’s in every category and also, there are no limits over the amount you can get.
- If you happen to come across a store which does not accept Apple Pay yet. No worries, the Apple card still gives you 1% of your purchase back in the form of Daily Cash.
Save on interest
The best way to save on your interest is to pay your balance in full every month. When you can’t do that, Apple Card does the math for you in the app itself. You can choose any of the given amount to pay and Apple card will estimate the interest cost for you. So, now you can be easily aware of your credit situation in real-time.
The payment will be due on the last day of the month. Easy to remember and pay your balance easily. Moreover, Apple Card also sends you a reminder so that you are not surprised at the very last moment.
No Fees, Nothing
Other credit cards have different charges that complicate your credit status. So, Apple card doesn’t have any fees. No annual fees, cash-advance fees, over-the-limit fees, or returned payment fees.
And no Hidden fees, Absolutely nothing is adding up to your wallet. Even if you lose your card, you can order a new one from the app for free. Cool, isn’t it. Also, the interest rates offered on apple card are quite good and are amongst the lowest in the market.
Get your Card
Signing up for the apple card is very simple. Just open the wallet app and add the Apple card from the App, you will be asked to sign up for the card. Most of the needed information will be pulled from your Apple ID, so your Apple Card setup will just take a couple of minutes.
Once you sign up for the Card, it will be available to use immediately for digital purchases. But first your credit card application is approved from Goldman Sachs according to your Credit Score. But as per reports, Apple is trying to widen its audience so even low credits scores are approved for Apple Card to reach more people. Apple will also ship out physical Apple Card that can be used just like a traditional credit card. The card is been released in batches right now and will be available for everyone this summer.
There is more to come, so just Stay Tuned. Feel free to comment and share the post. Do bookmark Kickgadget for more amazing content!