Back in March, Apple announced Apple Card, a new kind of credit card that is focused on simplicity, transparency, and privacy. Apple today started the roll out of Apple Card preview to select customers in the US. Apple is expected to expand Apple Card to all customers later this month.
Here’s how Apple Card works:
- You can sign up in no time and start using it right away with Apple Pay.
- For every purchase you make, you get Daily Cash. And it really is cash. So you can spend it however you want, right from your iPhone. And there are no limits on the amount you can get.
- Every time customers use Apple Card with Apple Pay, they will receive 2 percent Daily Cash. Customers will also get 3 percent Daily Cash on all purchases made directly with Apple, including at Apple Stores, on the App Store and for Apple services.
- When you want to see how much you’re spending, there’s no need to log in to a separate website or app. Your totals are laid out for you in the Wallet app, by week or by month.
- Apple Card uses Maps to pinpoint where you bought something. No mysterious merchant codes. No guessing. Just the store name, along with its location on a map.
- With Apple Card, your payment is due on the last day of the month. Easy to remember. Makes complete sense. You can also set up weekly or biweekly payments to match when you get paid.
- Apple will also be offering a physical titanium Apple Card for shopping at locations where Apple Pay is not accepted yet. With no card number, CVV security code, expiration date or signature on the card, Apple says Apple Card is more secure than any other physical credit card.
- Other credit cards have fees. Apple Card doesn’t. No annual fees. No cash?advance fees. No international fees. No over?the?limit or returned?payment fees. No hidden fees.
See Apple’s video to see all the features in action.