Home / Mobile Phones / Iphone / IPhone: Apple Card is a digital credit card, but there’s also an IRL titanium version

IPhone: Apple Card is a digital credit card, but there’s also an IRL titanium version

IPhone:

iPhone: Meet Apple Card.
Meet Apple Card.

Image: APPLE / SCREENGRAB 

By Sasha Lekach

At Apple’s Monday press conference showcasing its many new services like its magazine newsstand-inspired Apple News+, it also showed off a new way to pay for things. 

That’s right, Apple is getting into credit cards. It’s not just Apple Pay anymore, now there’s Apple Card. It’s a credit card stored in your digital wallet accessed through your iPhone.

Jennifer Bailey, VP of Apple Pay, called it a credit card designed for the iPhone. It’s accepted anywhere Apple Pay is already accepted, but for those places where Apple Pay won’t work, Apple offers a physical credit card.

SEE ALSO: Apple announces news subscription service, Apple News+

A titanium card with your name laser-etched on the front will function as a “real” credit card, but it’s also linked to your Apple Wallet and Apple Card info. Goldman Sachs and Mastercard are working with Apple Card, so there are financial institutions backing the new venture.

iPhone: The IRL card.

The IRL card.

Image: APPLE / SCREENGRAB 

Bailey touted no late fees, penalty fees, flexible payment plans, and clear financial statements on the physical and digital card. She teased a low interest rate, but specifics weren’t immediately shared at the event. But she did go into the Apple Card rewards program. It’s called Daily Cash with “cash back” paid out every day.

You get 3 percent pack on Apple purchases (like Apple News+ with its $9.99 monthly subscription fee), 2 percent when using Apply Pay, and 1 percent back for every purchase on the physical Apple Card.

CreditCards.com analyst Ted Rossman wrote in an email right after the announcement that he was underwhelmed with the card and that there are better reward options on other cards. “People will sign up for it, but that will be mostly because they love Apple, not because this card is better than anything that already exists,” he said.

iPhone: Seems too good to be true.

Seems too good to be true.

Image: APPLE / SCREENGRAB 

The card will be available in the U.S. starting this summer.

Read More

About admin

Check Also

IPhone: Dealmaster: The iPhone SE is back (again) at Apple, starting at $249

IPhone: Dealmaster: The iPhone SE is back (again) at Apple, starting at $249

Small phone love — This deal probably won't last long, so grab it while you can. Valentina Palladino - Apr 12, 2019 7:46 pm UTC Andrew CunninghamThe iPhone SE is available for purchase again as Apple brought the small handset back to the clearance section of its online store. While supplies last, you can get…

Leave a Reply

Your email address will not be published. Required fields are marked *