Published: Wed, August 21, 2019
IT | By Jonathon Greene

Apple Card now available to all (in the US) with more rewards


So yes, if you have an iPhone 6 or later with iOS 12.4, you can now sign-up for an Apple Card via the Wallet. The card was planned to launch sometime this month, and the company started receiving applications a couple of weeks ago as part of a preview rollout for random people that have pre-registered for the service.

While the Apple Card is a true-to-life physical credit card - that comes in metal, no less - the company intends for users to manage and use their Apple Card through the Wallet app on their iPhones.

"We designed Apple Card to put privacy and security first", CEO Tim Cook tweeted Tuesday. You'll need to fill out some information, and a few seconds later, you'll receive a credit limit and April offer. Open the Wallet app, tap on the "+" symbol to add a card, and select Apple Card from the list of options. Apple's vice president of Apple Pay, Jennifer Bailey, said Apple Card will give you a good overview of your spending, with color-coded charges that are easy to follow and a way to track your spending habits. Apple also says that Goldman Sachs, the issuing bank for the Apple Card, "will never share or sell data to third parties for marketing and advertising". "We also see accelerating growth within Services, aided by the upcoming launch of the Apple Card in August as well as Apple Arcade and Apple TV+ this fall", CFRA analyst Angelo Zino said in a research note to investors after Apple's quarterly results. Customers will receive two per cent Daily Cash every time they use the card with Apple Pay, and three per cent on all purchases made directly with Apple. Apple has partnered with Goldman Sachs and Mastercard for its global payment network.

And, Apple says it will keep your activity private.

Apple says there are no late or annual fees, or charges for worldwide and over-the-limit purchases.

But in describing the area at the bank's NY headquarters where "the credit card business is being developed", he said the employees working there embody the strategy Solomon hopes will drive the bank's future growth: "collaboration of teams across the firm's divisions.One Goldman Sachs".

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