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Tech & Science Apple announces Apple Card, a titanium credit card that aims to revolutionize payments

08:15  26 march  2019
08:15  26 march  2019 Source:   msn.com

Apple introduces no-fee credit card with instant rewards that's designed to work with iPhone

Apple introduces no-fee credit card with instant rewards that's designed to work with iPhone The company that revolutionized smartphones is now trying to change the credit card industry. 

Apple won’t be like typical credit card companies. Within the app, all transactions are color-coded and clearly delineated. Apple even uses map data to Where almost every credit card obscures how much of your payment actually goes towards your balance – keeping you in debt for longer – Apple

Apple Card is a new kind of credit card created by Apple . Apple Card Monthly Installments let you purchase a new iPhone from Apple and pay it off with interest-free monthly payments . A card that ’s materially different. When you buy things with the Apple ‑designed titanium card , you get Daily Cash

Apple announces Apple Card, a titanium credit card that aims to revolutionize payments© Provided by The Next Web

Apple today revealed it’s launching its own, “better” version of a credit card, called Apple Card. It’s designed to work with the iPhone, but is also a physical card made out of titanium, married with special Wallet-based rewards. Apple CEO Tim Cook thinks it could be the biggest revolution in credit cards “in 50 years.”

The new Apple Card is essentially a credit card built within the iPhone, created in partnership with Goldman Sachs and Mastercard. It lives within the Apple Wallet app, and exists across all your Apple devices. It purports to come without fees of any kind, namely late fees or international fees. It also purports to offer lower interest rates.

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Apple CEO Tim Cook thinks it could be the biggest revolution in credit cards “in 50 years. ” The new Apple Card is essentially a credit card built within the iPhone, created in partnership with Goldman Sachs and Mastercard. It lives within the Apple Wallet app, and exists across all Apple devices.

Card , a titanium credit card that aims to revolutionize payments : Apple will reportedly launch a credit card this year Apple is teaming up with Apple CEO Tim Cook thinks it could be the biggest revolution in credit cards “in 50 years.”

Apple announces Apple Card, a titanium credit card that aims to revolutionize payments© Provided by The Next Web

Apple won’t be like typical credit card companies. Within the app, all transactions are color-coded and clearly delineated. Apple even uses map data to clearly show where transactions were actually made, instead of the usual gibberish you see on your statement.

It also offers a rewards program called “Daily Cash,” which adds 2 percent of the daily purchase amount in cash to your Apple Cash account, also within the Wallet app. Purchases made directly from Apple – including the App Store and physical Apple Stores – will earn 3 percent.

Apple announces Apple Card, a titanium credit card that aims to revolutionize payments© Provided by The Next Web

But perhaps most importantly, Apple wants to be transparent about how you pay back. Where almost every credit card obscures how much of your payment actually goes towards your balance – keeping you in debt for longer – Apple does things differently. It has a simple UI that makes interest payments plainly visible. It also allows you to easily begin a payment plan that works for you and suggests paying a bit more per month to bring down your balance more quickly.

Everything Apple Announced Today

Everything Apple Announced Today Apple’s highly anticipated, celebrity-studded services event didn’t disappoint in two specific regards. One, there were a lot of celebrities present. Two, there were also a lot of new services announced. It’s hard to say which was more exciting. In a way, the celebrities were an afterthought. Apple opened the event with several major upgrades to existing apps and services, starting with a new magazine and newspaper subscription offering called Apple News+. Then, came a new, apparently very slick credit card called the Apple Card. There’s also an entirely new gaming service called Apple Arcade.

Apple Card also offers up smart payment suggestions that encourage you to pay a little more than you normally would, and help you pay off your balance faster. Payment schedules based on common sense. Credit card payments often have seemingly random due dates.

Apple today revealed a brand new service called " Apple Card ," a new digital and physical credit card that users will be able to sign up for right from their iPhone. Apple says this sign-up process takes just a few minutes and then they can start using the ‌ Apple Card ‌ right away in stores, in apps, or online

As for the physical card, it does a few things differently. First, it’s made from titanium, so it’s much more durable than the usual fare. In typical Apple fashion, it’s a minimal design. So minimal, in fact, that there’s no printed credit card number, expiration date, or CVV security code. If you need this information for online purchases it’s available in the Wallet app. It seems Android users are out of luck.

It’s a refreshing new take on something we accept for granted. Apple Card will be available in the US this summer.

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The new Apple Card won't let you switch from iPhone to Android, probably ever.
Apple's credit card won't work without your iPhone. Period.

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