The Apple credit card designed primarily for mobile use is here! 📱
Some iPhone users who requested a notification about Apple Card will get invites Tuesday to apply through Apple's Wallet app. The company plans to expand sign-ups more broadly in coming weeks. The card, announced in March in partnership with Goldman Sachs, is available only in the U.S.
The company promises quick sign-ups and the elimination of most fees. Customers typically get 2 percent cash back when using Apple's app to pay. Industry experts say financial benefits of card What sets Apple Card apart from other cards is its reliance on the iPhone. Though customers can request a physical card for free, an iPhone is required to apply, check statements and pay balances.
The app will offer tools to manage spending and suggest payment amounts based on past payments and spending. And cash back rewards return to customers through an Apple Cash account, which can be used for other purchases, credit card payments and transfers to traditional bank accounts. Goldman will be in charge of approving applications and monitoring transactions for fraud. Apple says it isn't getting transaction data and has agreements that bar Goldman from using data for other purposes, such as advertising and marketing Goldman's other services.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple invites first customers to apply for its credit cardThe Apple Card will be released to the wider public later in August. At that time all customers will be able to apply for the card in their wallet app on iPhone. Goldman Sachs, which is providing the banking tools for Apple card, made the Apple Card customer agreement publicly available last week.
Read more »
Apple Card release date: Everyone can apply starting later this month
Read more »
Apple, Goldman Sachs start issuing Apple Cards to consumersApple Inc rolled out its virtual credit card on Tuesday, working with bank Goldm...
Read more »
Apple had its worst day since May 13Shares of Apple fell 5.23 percent on Monday, its worst day since May 13.
Read more »
Japan's FTC investigating Apple over pressure on parts makers: MainichiJapan's Fair Trade Commission is investigating Apple Inc over its pressure ...
Read more »
Apple Will Provide Special iPhones For Hackers To Test And Offer Mac Bug Bounty, Sources SayApple is planning some big security announcements in Las Vegas this week, Forbes has learned. They include a macOS bug bounty and so-called 'dev devices' for iPhone researchers.
Read more »