Apple introduces Apple Card: Daily Cash, no fees, titanium card

Apple has announced a brand new service: Apple Card. Starting this summer in the US, users will be able to sign up for a real Apple credit card that's going to reside within the Wallet app. Requesting a virtual Apple Card living in your iPhone will be very easy, as you'll be able to do it straight from your device. Issuing a new Apple Card shouldn't take more than a few minutes. Once issued, your Apple Card should be right there in your Wallet app.

What's even cooler is that users will also be able to request a physical credit card, which will be made of titanium and have the user's name laser-etched. No card numbers, CVV, or expiration dates will be printed on the card, making it that much more secure.

Apple is creating Apple Card in partnership with Goldman Sachs. As it'll be using the Mastercard payment network, the card will be accepted worldwide. Card support is going to be handled by Apple directly in a delightful new way: through Apple Messages. Just text Apple with your questions or requests, and the company will respond right there, in Messages.

Apple Card will be available this summer in the US. Unfortunately, the company isn't revealing any details regarding a future international rollout of the service.

No fees

Positioning itself as a next-gen financial service, Apple Card promises to eliminate many of the annoying fees typically associated with supporting such a service.

Here's a list with fees Apple promises to eliminate with Card:

  • Late fees
  • Annual fees
  • International fees
  • Over-limit fees

Good riddance, we say.

Daily Cash

Everyday – Cash – For you

With Card, Apple is introducing a welcome new take on the cash back program. It's called Daily Cash for a reason: you'll be receiving your cash back amount daily, and you'll be free to spend it again through Apple Pay, put it towards your Apple Card balance, or send it to family or friends through Apple Messages.

Customers will be receiving Daily Cash to the tune of 2% on all of their Apple Card payments outside of Apple's ecosystem. When it comes to Apple's own stores, like Apple Stores, iTunes or the App Store, the Daily Cash amount will be 3%. And for purchases made using the physical Apple Card, the Daily Cash amount will be 1% of the purchase value.

Apple helping you have a better financial culture

Apple is building a number of new features around Apple Card, designed to help you have a better understanding of your spending. For starters, it'll help you track your purchases more easily by using machine learning and Apple Maps in order to 'translate' the names of merchants in your purchases log. You are probably familiar with how merchant names often appear fairly cryptic when you view then through your bank's web portal or mobile app; with Apple Card, Apple will make sure to have them all clearly labeled so that you'll immediately know which transaction was made with whom.

Color coding will also help with the organization of your transactions: products from distinct categories such as Food and Drinks or Shopping and Entertainment will be assigned a different color so that you can immediately find the ones you're looking for. This, in tandem with the new weekly and monthly spending summaries, Apple hopes will give you a better vantage point over your overall expenditures.

What's more, Apple Card will include a tool to help users pay less interest by making their options more transparent. It'll be suggesting a range of payment options and a handy calculator that estimates the interest cost on different amounts, so that each users can pick the option that suits their budget the best.

Physical Apple credit card made of titanium

Apple knows that for customers to fully embrace its payment service, it needs to be universally accepted. So, to let you deal with those merchants that don't support Apple Pay yet, the company is creating a real, physical credit card with the signature Apple minimalist design. The company hasn't released some of the technicalities, such as if it's going to charge you for issuing such a card, but at least we know how it's going to look like.

No card numbers, expiration dates, or CVV numbers will be present on the card, making for an extremely clean look, with only the Apple logo and the holder's name laser-etched onto the titanium piece. Your card's numbers are, of course, still available: you'll just have to look them up in the Wallet app on your iPhone.

Thy physical Apple Card seems like a very appropriate product for international users, where Apple Pay support is still widely lacking, but the company seemingly has no immediate plans to launch Apple Card in markets other than the US at this time.



22. Derekjeter

Posts: 1581; Member since: Oct 27, 2011

Only 800 credit score and up will qualify

19. PSAfromThisGuy

Posts: 146; Member since: Jan 16, 2017

definitely not interested.. plenty of reasons.. software, security, prior bugs, on-going bugs.. Apple hasnt proven to be the most secure, so why would anyone go for this?

18. wickedwilly

Posts: 789; Member since: Sep 19, 2018

On the face of it I like this idea, shame it will only be widely usable in the US. Much like iMessage highly praised, but only functionally usable in a limited area.

17. iloveapps

Posts: 909; Member since: Mar 21, 2019

Amazing! Tume to get in board with these apple card especially the Titanium card. Now android is ginna copy this for sure.

20. PSAfromThisGuy

Posts: 146; Member since: Jan 16, 2017

i hope not, and i doubt it... lol.. this is the dumbest idea apple has ever had

26. BuffaloSouce unregistered

Why don't you explain why it's the dumbest idea?...

16. GoTstan

Posts: 386; Member since: Jul 25, 2015

It starting to get confusing on exactly what kind of company apple is. It says no late fees, I'm curious how this will work. Pay whenever you feel like? Ok, $10 a year

23. Vokilam

Posts: 1483; Member since: Mar 15, 2018

probably designed to draft your bank account for minimum fees if not paid on time..

24. CreeDiddy

Posts: 2290; Member since: Nov 04, 2011

Apple is defined as a software and hardware company. No need to generalize a personality/branding statement for Apple. People identify with Apple as their products work well for the mass toward mobile and desktop users. If their products didn't perform well Apple would not have the results they have been receiving over the past 20 years.

11. Opus1

Posts: 7; Member since: Sep 09, 2015

Did they open the bank yet?Its gonna be AMAZING.Ahahahah

4. midan

Posts: 3272; Member since: Oct 09, 2017

Apple is slowly overtaking the world and this is another big step forward. This will be huge success.

5. TBomb

Posts: 1770; Member since: Dec 28, 2012

anyone/anything taking over the world will be bad.

7. dumpster666

Posts: 107; Member since: Mar 07, 2019

america is not world.

8. midan

Posts: 3272; Member since: Oct 09, 2017

That's why i said slowly.

15. RevolutionA

Posts: 529; Member since: Sep 30, 2017

It is... almost. There's not much outside you know.

9. Foxgabanna unregistered

This will be huge I can see it now.

14. Vancetastic

Posts: 1966; Member since: May 17, 2017

Do you like that? Do you like less choice? Your comments are frightening to me...the idea that people think this way.

21. PSAfromThisGuy

Posts: 146; Member since: Jan 16, 2017

its scary isnt it?

3. LAgurl

Posts: 119; Member since: Dec 05, 2018

no tap to pay is a no go on the card ! Here In LA most places already accept tap to pay , my chase credit card does but i had to switch my old one because the old one didnt have tap to pay. I still get weird looks when im paying and i tap my card on the machine , because some people dont know bout it, sure i can take out my phone enter my password but that takes to long i just takeout my chase credit card tap it once done im out my way. in less than 10 seconds

10. Man_Utd

Posts: 190; Member since: Feb 03, 2015

I much rather use my phone for payment. I can use my FPS to authorize the transaction without having to type a pin. And with Samsung Pay, you're usually covered with the old style magnetic swipes and NFC.

12. LAgurl

Posts: 119; Member since: Dec 05, 2018

places like home depot, macys, target , nordstrom and other places i been dont gotta put pin or signature just tap card done instantly out the door quick . they ask for pin or signature if u insert the card with the chip .

13. midan

Posts: 3272; Member since: Oct 09, 2017

Why you think that it's not going to have tap to pay? Would be very weird to come without. Well maybe in US it's not? Which is so behind with these payment stuff. I couldn't find any info about that.

2. NateDiaz

Posts: 1094; Member since: Mar 03, 2018

Essential did it first tho Oh no that was Sharp.

6. Cat97

Posts: 2064; Member since: Mar 02, 2017

Actually, Visa did it first.

25. BuffaloSouce unregistered

I doesn't matter who did it first.. What matters is who makes the best use it of the idea

1. cyph3r

Posts: 6; Member since: Mar 11, 2019

What the f**k

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