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Apple has Announced its Newest Offering Credit Card

cal 2019-10-16 | Appentus | View : 2377

Appentus blog

Recently, Apple added one more industry segment to its portfolio, which is the Finance industry. The company introduced its first-ever credit card, named Apple Card. The latest Apple Credit Card is just like Apple'sother product which represents simplicity, privacy, and transparency. Moreover, the company has claimed that the credit card will not have any annual fees, late fees plus the lowest interest rate industry wide. So, without delaying further let’s move forward to know little more about the new strategic move of tech-giant.

What is the Apple Credit Card?

Apple card is a virtual card issued by Goldman Sachs in partnership with MasterCard. This virtual card will function on all Apple devices in the Apple Wallet. However, it will largely be used via the iPhone and Apple Watch. In addition to the virtual card, the company has also introduced a physical titanium card. Surprisingly, the physical form of the card does not have any card number, CVV, expiration date, and signature.

All the information required to authorize a transaction will be verified from Apple Wallet App. Furthermore, the company says that it will use machine learning and Apple Maps to identify the stores where you can use it for your shopping. You can get this card on Amazon for around $1000.

Where can I apply for it?

Unlike the traditional credit cards, the latest Apple Card will not take many days to arrive at your doorstep. It will land on your device screen within moments of signing up and you can start using it right away at any shopping outlet, where Apple Pay is accepted.

How will it help customers?

The main concern for every credit card user is that it encourages them to spend more and more. However, the Apple Card is to aid users in leading a balanced financial life. It guarantees such life by blessing the users with low-interest rate and no annual fees. In addition to this, it also tracks and displays the spending pattern of a credit card holder with the help of visuals. As a matter of fact, users of apple credit card India can always be aware of their expenditure style that how much they are spending and where exactly their money is going.

Adding to Apple’s out of the box policy, the company has provided its card users with ‘Daily Cash’ program. Wherein users will receive cash back rewards, unlike the traditional point-based reward facility. The cash back facility has been segregated as follows:

  • 1% when the physical titanium Apple card is used.
  • o
  • 2% when the Apple Card (digital) is used.
  • o
  • 3% when you buy directly from Apple with the Apple Card (digital).

The best thing about this daily cash is that it can instantly be used to pay off the card balance for any kind of additional purchase. Moreover, Apple has kept the user’s privacy on top priority as always. The company promises that all of the shopping information will only be stored on the device, not on Apple’s servers.

On the whole, it goes without saying that Apple India wants to be more than just a tech giant. And it can be seen that the Apple Card is not like any other credit card in the market. Therefore, make sure you become a user of Apple’s fully fledged service suite and enjoy the services of an altogether different industry segment of the tech giant.

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