Sci-tech

Apple Card roll-out begins for select users

Apple Card roll-out begins for select users”

The way it presents the transaction data is something that no other service or bank now offers. For the rest of the public, the card will be available in late August.

"Once selected, users have to make sure they have iOS 12.4 installed on their iPhone to proceed with the registration". However, the rewards are doubled compared to using Apple Pay, and you get twice the rewards when you use Apple Pay compared with just the physical card.

Apple Card uses Machine Learning (ML) and Apple Maps to clearly label transactions with merchant names and locations.

On top of that, Apple said it never sees information about users' transactions.

How is it different from Apple Pay?

As for when the card will become available to more users, Apple said it should happen over the next few weeks.

"I got to hold the card itself and it is very nice, although it is fairly thick and felt a little bit heavier than the typical metal credit card".

On its face, the Apple Card behaves a lot like Apple Pay, the mobile payment system the company introduced four years ago, tech news website Wired reported. Once approval is granted, users can Apply for that fancy titanium physical card, too. Apple will offer 3 percent cash back on any Apple product, including in-store and App Store, purchased with the card using the iPhone, as well as 2 percent cash back on any other purchase.

Apple Inc and Goldman Sachs Group Inc rolled out a virtual credit card on Tuesday, which will help the iPhone maker diversify from device sales and also build out the Wall Street bank's new consumer business. Something that's all the more impressive for Apple given that it lags some leading card industry players in perks like offering a sign-up bonus, which suggests that the Apple brand alone is nearly strong enough to sell the card, along with an expectation of ease-of-use, consumer-friendliness and of course the company's stance on privacy. So some videos, like the in-store payment and online payment clips, are kind of unnecessary if you're familiar with contactless payments.

"Apple Card does not have any fees besides the variable interest charged when a balance is kept unpaid". Plus, will offer an annual percentage rate between 13.24 percent and 24.24 percent based on your credit score.



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