Apple Card, the Apple Credit Card: How It Works

The new Apple Card , currently only available in the United States, represents an alternative tool for credit cards and which will reward those who use the same thanks to a very interesting cash bank and incentive system, especially if the card is used for buy Apple products.

AN AMERICAN CREDIT CARD

Apple Card, is a branded credit card that can be used only and exclusively by owners of an Apple device .

This choice was made with regard to the competition proposed by the American banking institutions and thanks to the collaboration with Goldman Sachs and Mastercard , Apple has decided to make its debut in this world. Apple Card can be requested using the future Apple Pay function or by requesting the aforementioned from the Goldman Sachs bank: to take advantage of the same, at least for now in the United States, you must be of age and have a stable income.

APPLE CARD: HOW WILL IT WORK

Not yet present in Italy, it is complex to give a complete judgment on this payment method but, given the news announced by Apple itself starting from the beginning of 2019 , it is possible to carry out an overall analysis of the credit card.

This will work like any other instrument belonging to this category, therefore the owners of this instrument will be able to carry out their purchases by postponing the payment date, even if it has not yet been revealed how users will have to proceed to repay the debt. the same applies to the number of installments and the interest that will be applied, as well as to the maximum expenditure ceiling that can be addressed with this tool.

STRUCTURE OF EXPENSES & THEIR BREAKDOWN

Peculiarity that will distinguish the Apple Card is the ability to download the appropriate application that allows you to monitor the various types of expenses. Through a practical graph, in fact, the users of this tool will be able to notice which are the categories of expenses that will be carried out most frequently : for example those who love to eat in restaurants, or those who invest different money for the purchase of designer clothing. , you will notice how the corresponding bars in the graph reach different dimensions with respect to those that will characterize another spending sector.

In addition, the different preferences will be recorded by the application, offering faster payment methods and able to meet the different needs of those who intend to take advantage of this credit card.

USERS OF APPLE CARDS ARE REWARDED WITH A PROGRAM

To make this credit card more advantageous, Apple has well thought of creating a loyalty program that will reward those who come into possession and use the same tool. For the expenses that will be made with the Apple Card, users will receive a refund equal to 1% of the amount of money spent , while if the purchase is made on a physical Apple store, the refund will be equal to 3% and the same it is valid if the virtual store is used.

Another type of refund is that equal to 2% on the money invested if the payment is made with Apple Pay, the only method compatible with this credit card as regards virtual wallets . The vice president of Apple Pay, or Jennifer Bailey, explained that thanks to these reimbursements, users will be more enticed to use this wallet, instead setting aside the classic popular payment methods.

THE APPLE CARD APPLICATION

The Apple Card application will allow you to see various data and in addition to the aforementioned preferences regarding purchases, the user will also be able to see the amount of the debt and the remaining time available to make the refund or payment in a only solution of the same debt. Therefore, you will be able to keep the account statement under control only and exclusively by using this application.

CONCLUSION

Apple Card, in the United States, is highly anticipated and this shows how its various features are seen as innovative and useful especially for those who love to shop without delaying a purchase. To give a general assessment, it will be necessary to wait for this credit card to debut in Italy, provided that Mastercard intends to exploit its potential success in the United States

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