Apple Begins Limited Rollout of Apple Card

By Jesse Sokolow on 6 August 2019
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IMG_0039Apple began a limited public launch of its Apple Card credit card on Tuesday.  The company is inviting a limited number of individuals who signed up to be notified about the card’s launch to apply for the card.

Apple did not disclose how many people are part of the early rollout but the company’s CEO, Tim Cook, said that the new card would be publicly available in August.

The Apple Card offers 3% card back on any Apple transaction, 2% back on all Apple Pay transactions, and 1% back on purchases made with the physical card or a virtual card number used for online purchases.  The cash-back funds will appear on the cardholder’s Apple Pay Cash account on a daily basis and can be used to pay off the card’s balance or transferred to a bank account.

There is no fee for the card itself, nor does Apple or its partner Goldman Sachs levy a late payment fee, a fee for exceeding one’s credit limit, or any foreign exchange fees.

The Apple Card application process is conducted via the iPhone’s Wallet app.  Apple only asks for the cardholder’s address, birthday, income, and the last four digits of the cardholder’s social security number. Apple says it will approve or deny an application in under a minute.  The card will immediately show up in the Wallet app and a physical titanium card will be sent as well.

(Photo: Accura Media Group)

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