Apple is entering the finance market with a new credit card called Apple Card. The card is integrated into the iPhone, and it’s based on Mastercard.
You can simply sign-up from the Wallet app on iOS and get instant access to your Apple Card without waiting for it to actually arrive. The card can be used to make payments worldwide as well. Apple is improving the Wallet app to add additional functionalities that help you manage your card.
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In fact, the integration is so nicely done that you can simply message Apple to manage your Apple Card. You can simply do things like message Apple to change your address or check something about your card, for example.
Apple Card also uses machine learning to display actual, useful details about your transactions. It shows your spending trends, as well as letting you categorise your spending, etc. The service comes with rewards too — it’s called Daily Cash. Instead of giving you points, Apple will simply give you money every day you spend money. “It’s cash, like real cash” You get 2% of your purchase amount every day in Daily Cash with payments made with Apple Pay. And when you purchase things directly from Apple, you get 3% daily cash on your spending. There is no limit on how much Daily Cash you can receive, either.
There are a bunch of different features that help you spend wisely based on your spending and track your existing spending.
Apple Card also doesn’t come with any fees — no late fees, no annual fees, no international fees, or any other fees at all. The company says it wants to offer the lowest interest rates in the industry, and so it partnered with Goldman Sachs for the issuing bank of the Apple Card.
And yes, there is a physical card. It’s made out of Titanium, and it’s the most secure card with no card number, no CVV code at the back, no signature, or no expiry date. Apple Card will be available later this Summer in the United States:
skane2600
<p>Yes, the card is so secure that most of the places online you shop at won't be able to accept it.</p>
dontbe evil
<blockquote><em><a href="#415241">In reply to skane2600:</a></em></blockquote><p>amazing</p>
skane2600
<blockquote><em><a href="#415274">In reply to jgraebner:</a></em></blockquote><p>Yes, and there's still a lot of places that don't support Apple Pay despite it being around for 4 years.</p>
provision l-3
<blockquote><em><a href="#415241">In reply to skane2600:</a></em></blockquote><p>Per the keynote, the card number, expiration and CVV are all in the wallet app so you would still be able to use the card online even when a retailer doesn't accept Apple Pay. </p>
skane2600
<blockquote><em><a href="#415417">In reply to evox81:</a></em></blockquote><p>I think the difference is negligible. I've also seen people fumble their phone while attempting to pay and needing help from the staff to get it to work. </p>
skane2600
<blockquote><em><a href="#415254">In reply to bluvg:</a></em></blockquote><p>For the same reason there was a precision Mac cube – form over function has been an Apple core principle ever since Woz was out of the loop.</p>
provision l-3
<blockquote><em><a href="#415420">In reply to codymesh:</a></em></blockquote><p>This was answered during the presentation. The information you would normally get off the card (number, expiration and CVV) are in the the wallet app. So you would use those for a non-Apple Pay site.</p>
provision l-3
<blockquote><em><a href="#415440">In reply to pecosbob04:</a></em></blockquote><p>The question, as I understood it, wasn't about about physical retail but websites that don't currently accept Apple Pay like Amazon. For those you would still need the card number and cvv.</p>