Apple announced in one of their events that they are adding a new product in their portfolio, a credit card known as Apple Card.
It is purely designed for Apple customers to help them in a better financial life system. The credit card created by Apple is very innovative and of a new kind.
Apple card comes in a physical form with your name print on it and it is a fully functional credit card which will work all over the world.
There is also rewarded points opportunity Apple is providing for its customers. As the more you spend through Apple’s credit card the more cash you will get through a program called Daily Cash.
Apple is giving a handsome amount of percentage if you use Apple payment service. For customers who purchase products from Apple can get up to 3% cashback, those who purchase via Apple Pay can get back 2% of the cash and 1% to those who use the physical card.
The cashback rewards will directly go to your Apple cash card on an everyday base. It’s up to you how you are going to use the returned cash. You can pay your Apple card balance; you can send money to your friends through iMessages or spend it via Apple Pay.
Apple is giving a good amount of perks for credit card owners. As there is no penalty for going beyond the given limit. The credit card also does not have an annual subscription, late in payment or foreign transaction fee.
You can monitor your cash spending through an app from your iPhone.
By looking at the service some may not have Apple’s credit card because Apple said card is only available for well qualified customer. That means you need to be loyal customer of Apple in order to be eligible. Whoever is interested to get Apple card can apply for it and if Apple sees you eligible for the service then Apple will approve you.
The Apple Card is the first credit card offered by Goldman which is using the MasterCard payment network.
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