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Apple introduces a credit card – Apple Card



Apple launched a credit card that the company called Apple card.

The credit card was created by Apple to "help clients lead a healthier financial life," said the company.

"The Apple Card is embedded in the Apple Wallet app on the iPhone, offering customers familiarity with Apple Pay and the ability to manage cards directly on the iPhone & # 39; ie," he said.

The Apple Card does not require any fees – including annual, late, international or overdraft fees. The company said that it will also provide interest rates, which are among the lowest in the industry.

In addition, customers will receive a percentage of each purchase amount of the Apple card as a daily cash prize.

Intelligent functions

In addition to the lack of payments Apple said the card will offer intelligent functionality.

"The Apple Card uses machine learning and Apple Maps to clearly mark transactions with trade names and locations. Shopping is automatically added up and organized by color-coded categories, such as food and drinks, "Apple said.

Weekly and monthly spending reports are also provided with the Apple Card.

Security

Apple announced that it has partnered with Goldman Sachs and Mastercard to provide the support required to issue the card and that it can be accepted by global payment networks.

It also includes unique security measures, including a unique card number stored on the user's iPhone.

"Every purchase is secure because it is authorized using Face ID or Touch ID and a one-time, dynamic security code," said Apple.

"The unique security and privacy architecture created for the Apple Card means that Apple does not know where he bought the client, what he bought or how much he paid," he added.

Physical card

Apple announced that it is launching a physical titanium Apple card in case Apple Pay is not accepted.

"Without a card number, CVV security code, expiration date, or signature on an Apple Card, it's safer than any other physical credit card," Apple said.

"All this information is easily available in the Wallet for use in applications and websites."

The Apple Card will be available to customers in the US later this year.

Apple card

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