Apple on Monday unveiled a new credit card with no fees, daily cash rewards, and powerful security, and it might change the way we use credit cards forever.
We might not have gotten a new iPhone or AirPower at Monday’s ‘Show time’ event, but Apple did unveil a new product: It’s called Apple Card, and it’s sure to shake things up.
Building on the success of Apple Pay, which will be available in more than 40 countries by the end of 2019, the Apple Card—which consists of both a service and a sleek, thin and light, titanium card—dispenses with the usual confusion around credit cards to simplify and streamline financial transactions and create an experience unlike any other card on the planet.
It just might be the most revolutionary announcement Apple made Monday. Apple said that by the end of the year Apple Pay will be responsible for more than 10 billion transactions since its inception, but Apple Card promises to be more than just another tab in your digital wallet. It’s smarter, simpler, friendlier, and clearer than any credit card out there—including Apple’s own Barclaycard Visa with Apple Rewards.
Apple focused on five points to make its new credit card unlike any other: simple applications, no fees, lower interest rates, clear rewards programs, private and secure. And of course, it starts with iPhone.
The Apple Card tab in your Wallet app will show you an overview of your spending.
You’ll notice the difference from the moment you apply. The entire process is done on an iPhone—sorry Android users—and Apple says your application will be approved within minutes. And since most of your purchases will be done within the Apple Pay app, you won’t have to wait to use your card either. As soon as you’re approved, the Apple Card will appear in the Wallet app and you’ll be able to start using it wherever Apple Pay is accepted.
You’ll also see your transactions, payment due date, and monthly spending reports inside the Wallet app. If you need to get support, you won’t have to bounce through an automated call center until you reach a real person.
