Apple today announced Apple Card, new kind of credit card created by Apple and designed for iPhone.
Apple Card is built into the Apple Wallet app on iPhone with the ability to manage their credit card right on iPhone. Apple Card transforms the entire credit card experience by simplifying the application process, eliminating fees, encouraging customers to pay less interest and providing a new level of privacy and security.
Apple Card will be launched mid year in the US and offers a rewards program called Daily Cash, which gives back a percentage of every purchase as cash on customers’ Apple Cash card each day.
Apple Card gives you a real-time views of your latest transactions and balance right in the Apple Wallet app. Your transaction list uses AI and Apple Maps to work out the sometimes cryptic information provided by banks. Support is available 24/7 in the Apple Messages app.
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.
There are no fees associated with Apple Card: no annual, late, international or over-the-limit fees. As with the other services Apple launched today their is a focus on Privacy and Security.
Apple Card also includes an Apple designed titanium Apple Card for shopping at locations where Apple Pay is not accepted yet.
The card includes no card number, CVV security code, expiration date or signature on the card to make it more secure than any other physical credit card. If you need this information you can find it in the Apple Wallet app. For purchases made with the titanium Apple Card, customers will get 1 percent Daily Cash.
US customers can now sign up for the latest news about Apple Card on apple.com/apple-card. Apple Card will be available mid year to qualified customers in the US.