Apple introduces it's own credit card : Apple card for users

                   

Tech gaint Apple has announced a credit card for an apple users. The Apple card is designed for the iPhone and will work with the wallet app. Users has to sign up from their iPhone and can use it with Apple pay in just a few minutes. Before the launch of the card, Apple CEO Tim cook has shared a few numbers about Apple pay. This year, Apple pay will contribute 10 billion transactions. By close of this year, Apple has planned for more than 40 countries.

Customers acceptance for Apple products is always high, even Apple pay will also grow. In the U.S., 70 % of businesses will accept Apple pay. But it's higher I some of the countries. Australia is at 99 % acceptance, as of now.

Let's discuss about the Apple card. After signing up, user can control the Apple card from the wallet app. When you tap on the card, you can see your last transactions, how much you have own and how much money you spent on each category.

                  

Moreover, by tap on a transaction and see the location in a tiny Apple Maps view. Every time you make an Apple pay transaction, you will get 2 % in cash back. You don't have to wait until the end of the month, as your cash is credited everyday. Especially for an Apple products purchases, you will get 3 % cash back.

As before rumored, Apple has partnered with Goldman Sachs and MasterCard to issue the card. Apple doesn't know what you bought, where you bought it and how much you paid for it and Goldman Sachs promises that it won't sell your data for advertising or marketing.

When it comes to the fine part, there are no late fees, no annual fees, no international fees and no over- limit fees. If you can't pay back your credit card balance, you can start a multiple month plan. You can contact customer support through text message in the Message app.

Apple card isn't limited to a virtual card. Users will get a physical titanium card with a laser-etched name. There's no card number or CVV code, no expiration date and no signature on the card. You have to use the wallet app to get that information. Physical transactions are eligible to 1 % in daily cash.

                  

When it comes to security, you will get a different credit card number for each of your devices. It is stored securely and you can access the PIN code using Face ID or your fingerprint. The Apple card will be available coming summer for customers usage in U.S.