At Apple’s “show time” services event today, the company announced an amazing new product called ‘Apple Card‘. Its own, personalized credit card, introduced to improve user’s credit card experience. It offers great solutions such as 0 fees, lower interest rates, and great rewards.
How to get an Apple Card?
In-order to get an Apple Card, users will be able to sign up on their iPhone in the Apple Wallet app, obtain a digital card that can be used anywhere in the world where Apple Pay is accepted.
Through card, all customers will also be able to track purchases, check their financial balance, and get notified when their bill is due. Apple will be introducing a physical titanium card as well, but it won’t have any typical 16 digits credit card number, CVV on back of the card or an expiration date. This information is stored directly in the Apple Wallet app.
At the event, Apple said, it’ll use machine learning and Apple Maps to label stores that you use in the app. It will use that data to track purchases from categories such as “food and drink” or “shopping.”
Unlike typical credit card’s points-based reward program, Apple Card gives cash back rewards in the form of daily cash. That cash is applied straight to the Apple Card which can be used for purchases.
Apple is offering 2% cash back on all purchases made with Apple Pay using the Apple Card. All purchases made through the physical card will get just 1% cash back.
Want to know what happened at the ‘Show Time’ event?.