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The Apple Card starts rolling out today

2019-08-06 17:57 by


Five months after it was announced, Apple's first credit card is now available — but not to everyone. The customers who got access on Tuesday morning were among those who applied to be "notified" when the card first became available. The credit 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 iPhone wallet app.

The sleek number-less titanium card that integrates with Apple Pay, the company's digital wallet, was announced in March. Goldman Sachs is the issuer behind the Apple Card and will decide whether an applicant has the proper creditworthiness for approval.

Apple Card is a MasterCard–backed credit card for iPhone users that offers bigger cash-back incentives for purchases in Apple's ecosystem: 2% back with Apple Pay, and 3% back for Apple Store, the App Store, and Apple subscriptions. Non–Apple Pay purchases receive 1%. The cash rewards can be put toward your credit card statement or deposited into your bank account.

Anyone who wants to use Apple Card must also authenticate who they are with a fingerprint or via Face ID. They also need to set up the Apple Cash feature, which gives them the option of saving the cash they earn back on purchases or spending it instantly after they earn it each day.

Read more -here-


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