Unlike many other credit cards, you'll also get notifications when it detects an unusual transaction. This isn't new because if you've had any other bank cards set up within Apple Pay and make a transaction with a physical card, you'll still get that notification on your phone. So every time you buy something you'll get a notification on your phone immediately. The Apple card also has transaction monitoring. Like other NFC based payments, each time you make a purchase it needs the unique device number that's generated when you get the card. You can double-tap on the power button and use Face ID or double-tap on the home button and use Touch ID to authorize the transaction. If you've used Apple Pay before, then making a transaction on the Apple Card is exactly the same. The app will also give you estimates of the interest you'll need to pay to clear your balance. It's color-coded as well so different colors represent different categories like food or travel. You'll also be able to see breakdowns of how you're spending in the app on a weekly or monthly basis. The APR or annual percentage rate varies between 13.24%, which is fairly low compared to the average of some other big cards, but goes up to 24.24% depending on your credit. You can link it to your bank account to withdraw, pay friends like you can with an app like Venmo, or use it towards paying Not the credit card itself.Īpple says you won't be charged late fees, international transaction fees, or annual fees.īut, of course, remember this is a credit card, not a charity, so you will still be charged interest if you don't pay off the balance in time. That cash back goes automatically into your Apple cash account, which is a different virtual card in your wallet. Whether that's through the Apple store or a subscription like Apple Music. It's 1% when you use the physical card, 2% when you're using the card through ApplePay, and 3% if you're buying Something from Apple. That cash back amount varies between one and 3% depending on what category your spending falls under. Many other cards have you wait until the end of the billing cycle to receive those points or cash back itself. So if you need those details for something like an online transaction you'll find them in the Apple wallet.Īnd the physical card can't be used to tap and pay, so you'll still need your phone.Īs for cash back options, the card offers you daily cash back. So you can get a physical titanium card if you want it.īut there's no CVV, no signature and no number on the card itself. The second place the Apple card exists is in the real world. That means you can use the virtue card any way you can use NFC base mobile payments or Apple pay. If you have set up Apple pay with the other bank cards or troubles passes, the Apple card will also leave a name. The first is virtually in the Apple wallet app. Main details is that it's a MasterCard.Īpple has partnered with Goldman Sachs to give you credit and it's only gonna to be available in the U-S at least to start with.Īnd then once approved, you can s- Start using it within minutes. So, let's break down what we know about the Apple card so far.įirst thing is that it's gonna be available in the summer of 2019.Īnd you can sign up on to get notified when it launches.
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