The world’s first trillion dollar company and one of the expensive brand in the market APPLE launch the brand new “Apple card”. The announcement is done by Apple in the Apple keynote event on 25 March 2019.
After this, some people who don’t follow the apple events are really getting worried and tense because of thinking such things that apple wants more money from us through this card??
Don’t worry folks. We are here to tell you everything means everything about this Apple credit card. So, stay tuned, have some patience and read this beautiful article about
Starting from the first question in your mind,
What is the Apple Card? Is this is the new credit card in our pocket?
The answer is Yes and No also. Because You are right that, it is the new credit launched by Apple. And No is because of the functionality and working of the Apple card that is completely different than other credit cards.
So, Apple credit Card is crafted in titanium coming with more different and unique features than our normal bank credit cards. This is the new kind of credit card created by Apple, not a bank.
How you can apply for the Apple Card?
The first most important thing is that you should have an iPhone to apply for this Credit Card. To apply for the Apple Credit Card you don’t need to go any store because its more simple than you think about it.
You can sign up from your iPhone and get approval in minutes and you are free to use it. Right now, Apple don’t speak on exact credit score you will need to apply for an Apple Card. But from site information, we can definitely says that there will be different interest on different credit score.
So, talking about interest rates, the big question is
How much interest rates will the Apple charge to us?
As I mentioned above there will be different interest rates for the different credit score. Apple is charging interest rates from 13.24 percent to 24.24 percent. The one more important thing is that there is no penalty rates for the Apple card.
Apple Card is the digital card or physical card?
Well, this is the very interesting question. The Apple credit card is available in both the format. One is the digital card. This digital card is available to you anytime and anywhere because it is available on your iPhone. You can make payment through this digital card.
Then there is a beautiful physical card. The physical card is very beautiful, rich and stunning in look. Apple says that “It is the best design of the credit card in the industry right now”. For some stores or hotels who don’t accept Apple Pay, you can use this card to make payment.
What are the features of new Apple card?
The apple launch this Apple card with tons of new features. When the card arrive you can start using it from your iPhone wallet.
The Apple card makes you to find where you spend your credit card money in more easier way. If you want to see your total spend amount, you don’t need to log in to a separate website. Your total amount are shown to you by week or by month.
There are different categories like Food, shopping, entertainment etc. If you tap on food category, you will see your total amount spend on food. The apple can go one step ahead, they will give you on which restaurant or café you used your apple card by week or by month. All categories are designed with different colours. So, you can easily track your payment after see the charts.
You can also see where exactly i.e,(On which place) you used your apple card by using map. This is one of the best feature of
If you want some information or change some of your credentials in apple card, apple gives you smart method. You don’t need to go anywhere text apple and change your address in easy way. Its like texting with your friend.
That’s super cool right!!!
Now, let’s talk about the perks
Who don’t love rewards?? There are dozens of credit card and cash wallet companies in the market. Everyone is trying to attract users by giving cashback rewards and flat discounts over things. Apple also tried this strategy for attracting users toward Apple Pay and Apple card.
Apple introduces “Daily cash” with the Apple card. Whatever and whenever you pay from apple card you will get cash rewards everytime on your every purchase. And this is the real cash directly send straight to your bank account. You can use this cash anywhere you want.
Besides this daily cash, you will get extra 3 percent back whenever you buys from Apple i.e.(Apple store, Apple.com, App store and itunes). You will get 2 percent back everytime when you buy from apple pay in every category. And lastly you will get 1 percent back when you pay from apple card.
Apple says that you don’t need to pay anything to use this card. That means no annual fees, no over-limit fees and no international fees.
What about the privacy of the apple card?
From the first day, Apple is concern about the privacy of the services. This time is no exception to that. When you first get your Apple credit Card, a unique device number is created on your iPhone. Then it’s locked away in the Secure Element. Every purchase requires your device number along with a one-time dynamic security code that generates from the iPhone.
You will also need to authorize payment from your touch id or face id. Apple says, even apple doesn’t know what and where you bought things using apple pay.
What if I lost my credit card?
Apple credit card doesn’t have any information on it except your name. It doesn’t have any credit card number, cvv, expiration date on the credit card. That’s why if you lost your card, you need not to be worry about it. You can freeze the card and order new one.
When will the apple card arrive?
The apple card opens for application in summer 2019.