Apple new credit card
You're referring to the Apple Card!
The Apple Card is a credit card issued by Goldman Sachs in partnership with Apple. It was launched in August 2019 and is designed to be a more transparent, user-friendly, and rewarding credit card experience. Here are some key features:
Design and Security:
- The Apple Card is a digital card, meaning you don't receive a physical card in the mail. Instead, you'll see your card information in the Wallet app on your iPhone or iPad.
- The card is protected by Face ID, Touch ID, or a passcode, ensuring that only you can access your account information.
- Apple uses a unique Device Account Number (DAN) to store your card information, which is never stored on Apple's servers or shared with merchants.
Rewards and Cashback:
- The Apple Card offers 2% cashback on all purchases made with Apple Pay, including online transactions.
- You'll also earn 1% cashback on all other purchases, including those made with the physical card.
- Cashback rewards are automatically applied to your Apple Cash account, which can be used to make purchases or transferred to your bank account.
Fees and Interest:
- There are no fees for late payments, foreign transactions, or balance transfers.
- The interest rate is variable, ranging from 12.99% to 23.99% APR, depending on your creditworthiness.
Other Features:
- Daily Cash: You can use your cashback rewards to make purchases or transfer them to your bank account.
- Apple Pay: The Apple Card is designed to work seamlessly with Apple Pay, allowing you to make contactless payments.
- Card Management: You can easily manage your card, view transactions, and set up notifications through the Wallet app.
Eligibility:
- To be eligible for the Apple Card, you must be at least 18 years old and have a valid US address.
- You'll need an iPhone or iPad with iOS 12.2 or later to use the Apple Card.
Overall, the Apple Card aims to provide a more streamlined, secure, and rewarding credit card experience. If you're interested in learning more or applying for the card, you can do so through the Wallet app on your iPhone or iPad.