Apple hosted an event on Monday at the Steve Jobs Theater in its Apple Park campus headquarters, in Cupertino, California. The event included many new launches along with Apple’s new credit card named Apple Card.
Apple has been a leader in the field of computers and smartphones, and now, it has put its steps into a new business line with the new credit card, i.e. finance. For the financial services, the company has partnered with Goldman Sachs and Mastercard. According to Apple, the Apple Card will not have any annual fee, international fee, over-limit fee or late charges and will provide the lowest interest rate to its users.
It is an off-white coloured credit card, with all new sleek design and is build with Titanium. Apple is trying to provide full security for the transactions through the card and has stripped off all the numbers like the card number, CVV, expiration date, or signature bar on the back from the card.
The company has also introduced an app to function in sync with the card, as like any other credit cards, the card can be used to make payments physically as well as digitally. The user just needs to signup for the new Apple card with their iPhone, and they are good to go.
After signing up for the card, the user can see a rainbow gradient card on the screen. For every digital transaction, the digital wallet will ask for face Id or touch Id along with a secure pin. The users are able to easily pay their dues for the Apple Card through the app, where they are given multiple payment methods. The users will also be provided with 2% cashback with transactions on Apple pay and 3% cashback on Apple Store purchases using the app. And for the physical card, the cashback on every purchase will be 1% of the purchase.
The app will also allow the users to track their transactions through the card on the app. The transactions will be segmented into categories like ‘food and drinks’, ‘entertainment’ as well as ‘shopping’. The app will show all the details about the user’s spending through the card, mentioning the time, date, merchant and the location of the transaction. The user can also track the weekly and monthly spending summary through the app.
The card is available for users all around the world, and the users will also receive 24/7 customer support from Apple. The new Apple Card is a creative and innovative kind of credit card, that like every other Apple product is on the way to become a status symbol.
Yashica is a Software Engineer turned Content Writer, who loves to write on social causes and expertise in writing technical stuff. She loves to watch movies and explore new places. She believes that you need to live once before you die. So experimenting with her life and career choices, she is trying to live her life to the fullest.