comscore Apple Card: Next generation of credit cards is here with expense tracking and Daily Cash
News

Apple Card: Next generation of credit cards is here with expense tracking and Daily Cash

Apple has teamed up with Goldman Sachs as the issuing bank and Master Card as the global payments network to make this card a reality.

  • Updated: March 26, 2019 7:15 AM IST
Apple Card 1

Image credit: Apple


Apple was long rumored to be working on its own credit card. After months of rumors, the company has finally revealed its own credit card called Apple Card . According to the announcement, this is the next generation of credit cards with a number of improvements and new features. Apple has teamed up with Goldman Sachs as the issuing bank and Master Card as the global payments network to make this card a reality. Also Read - PUBG New State receives over 17 million pre-registrations as closed alpha testing ends

Also Read - iPhone selling in LG stores? Apple is apparently in talks for a new deal 

According to Apple, the card will be built in the Apple Wallet app so this means that users do not need to carry the card in person. Instead, it will be available to function from the device at all the places that support Apple Pay. Users don t need to wait to get the Apple Card and instead the entire process is as simple as tapping a button in the app. This means users can control all the aspects of the card directly from their smartphone. Also Read - Apple CEO Tim Cook claims iOS is more secure than Android

Watch: Apple iPad Pro 2018 Hands-on

Apple claims that it has eliminated any kind of late fee, international fee, overcharge fee, or annual fee with this card. Jennifer Bailey, the Vice President of Apple Pay added, Apple Card builds on the tremendous success of Apple Pay and delivers new experiences only possible with the power of iPhone.

Image credit: Apple

She goes on to state, Apple Card is designed to help customers lead a healthier financial life, which starts with a better understanding of their spending so they can make smarter choices with their money, transparency to help them understand how much it will cost if they want to pay overtime and ways to help them pay down their balance.

Availability and more details for Apple Card

The company revealed that it will be launching the Card in the Summer this year. Though, there are no details on if and when the service will launch elsewhere. After the user gets the card, they can immediately start using it in stores, online across the globe and in the apps. The Apple Wallet app will easily be able to make people understand their expense, the balance in the wallet and Apple Card, and more. Users can also contact the support service for Apple Card 24×7 with the help of just a text message.

Image credit: Apple

Daily Cash on Apple Card

To boost the adaption of Apple Card, the company has also introduced rewards on using the Apple Card with an offer called Daily Cash . As part of this, users will get a small percentage of money as cash back every time they use their Apple Card to make a purchase. The amount of total money accumulated is added to the Apple Cash card every day. Users can also use this money for future purchases using Apple Pay, as balance in their Apple Card or to share the money with their friends and family from the Messages app.

According to the announcement, users will get 2 percent of the amount they paid to make the purchase using the Apple Card, countless number of times in any given day. In addition to this, users will get 3 percent cash back instead of 2 percent in case they are directly buying any product or app from Apple including Apple Stores for new hardware, App Store for the software, or while paying for other Apple services with Apple Card.

Expense tracking and low-interest rates

Image credit: Apple

Considering that all the data is right there, the company revealed that Apple Wallet will be able to show detailed reports on expense tracking using on-device algorithms. This means that Apple does not know what the user purchased, where they made the purchase of even the amount of the purchase. This expense tracking allows Apple to show the money that users spent at different restaurants, shops, and more, on Apple Maps. Users can also segregate the money spent based on the category including food and drinks, entertainment, or general shopping to a comprehensive view of the weekly or monthly expenses. The app will also show easy to understand, dynamic monthly and weekly summaries about spending.

As previously mentioned, Apple Card does not have any late fees and in addition to that, there are no high-interest rates. The Apple Card will also allow users to pay automatically with multiple payment options and automatic suggestions regarding the best way to pay while paying as less interest as possible.

Apple Card made from titanium

Last but not least, Apple has also made a physical version of the card from Titanium material. Users can use this in remote areas including the places that don t support Apple Pay yet. Apple will give 1 percent of the total amount paid using the Apple Card as Daily Cash to its users.

For the latest tech news across the world, latest PC and Mobile games, tips & tricks, top-notch gadget reviews of most exciting releases follow BGR India’s Facebook, Twitter, subscribe our YouTube Channel. Also follow us on  Facebook Messenger for latest updates.
  • Published Date: March 26, 2019 4:09 AM IST
  • Updated Date: March 26, 2019 7:15 AM IST



new arrivals in india

Infinix Note 10 Pro
Infinix Note 10 Pro

16,999

Infinix Note 10
Infinix Note 10

10,999

Vivo Y73
Vivo Y73

20,990

OnePlus Nord CE 5G
OnePlus Nord CE 5G

22,999

iQOO Z3
iQOO Z3

19,990

Realme C25s
Realme C25s

9,999

Poco M3 Pro 5G
Poco M3 Pro 5G

13,999

Realme X7 Max 5G
Realme X7 Max 5G

26,999

Oppo F19
Oppo F19

18,990

Motorola Moto G40 Fusion
Motorola Moto G40 Fusion

13,999

POCO M2 Reloaded
POCO M2 Reloaded

9,499

OPPO A74 5G
OPPO A74 5G

17,990

Oppo A53s 5G
Oppo A53s 5G

14,990

Vivo V21 5G
Vivo V21 5G

29,990

Realme C25
Realme C25

9,499

Realme C21
Realme C21

7,999

Realme C20
Realme C20

6,799

Motorola Moto G60
Motorola Moto G60

17,999

iQOO 7
iQOO 7

31,990

Samsung Galaxy M42 5G
Samsung Galaxy M42 5G

21,999

Xiaomi Mi 11 Ultra
Xiaomi Mi 11 Ultra

69,999

Xiaomi Mi 11X Pro 5G
Xiaomi Mi 11X Pro 5G

39,999

Xiaomi Mi 11X
Xiaomi Mi 11X

29,999

Realme 8 5G
Realme 8 5G

13,999

Samsung Galaxy F02s
Samsung Galaxy F02s

8,999

Samsung Galaxy F12
Samsung Galaxy F12

10,999

POCO X3 Pro
POCO X3 Pro

18,999

Realme 8 Pro
Realme 8 Pro

17,999

Realme 8
Realme 8

14,999

Vivo X60 Pro Plus
Vivo X60 Pro Plus

69,990

Vivo X60 Pro
Vivo X60 Pro

49,990

Vivo X60
Vivo X60

37,990

OnePlus 9 Pro 5G
OnePlus 9 Pro 5G

64,999

OnePlus 9R 5G
OnePlus 9R 5G

39,999

OnePlus 9 5G
OnePlus 9 5G

49,999

Samsung Galaxy A72
Samsung Galaxy A72

34,999

Samsung Galaxy A52
Samsung Galaxy A52

26,499

Micromax In 1
Micromax In 1

10,499

Asus ROG Phone 5
Asus ROG Phone 5

49,999

Samsung Galaxy M12
Samsung Galaxy M12

10,999

Motorola Moto G30
Motorola Moto G30

10,999

Motorola Moto G10 Power
Motorola Moto G10 Power

9,999

Oppo F19 Pro Plus 5G
Oppo F19 Pro Plus 5G

25,990

Oppo F19 Pro
Oppo F19 Pro

21,490

Xiaomi Redmi Note 10 Pro Max
Xiaomi Redmi Note 10 Pro Max

18,999

Xiaomi Redmi Note 10 Pro
Xiaomi Redmi Note 10 Pro

15,999

Xiaomi Redmi Note 10
Xiaomi Redmi Note 10

11,999

Realme Narzo 30A
Realme Narzo 30A

8,999

Realme Narzo 30 Pro
Realme Narzo 30 Pro

16,999

Infinix Smart 5
Infinix Smart 5

7,199

Samsung Galaxy F62
Samsung Galaxy F62

23,999

Samsung Galaxy A12
Samsung Galaxy A12

12,999

Nokia 5.4
Nokia 5.4

13,999

Nokia 3.4
Nokia 3.4

11,999

Realme X7 Pro 5G
Realme X7 Pro 5G

29,999

Realme X7
Realme X7

19,999

Vivo Y31
Vivo Y31

16,490

Oppo Reno5 Pro 5G
Oppo Reno5 Pro 5G

35,990

Samsung Galaxy S21 Ultra 5G
Samsung Galaxy S21 Ultra 5G

1,05,999

Samsung Galaxy S21 Plus 5G
Samsung Galaxy S21 Plus 5G

81,999

Samsung Galaxy S21 5G
Samsung Galaxy S21 5G

69,999

Vivo Y12s
Vivo Y12s

9,990

Vivo Y51A
Vivo Y51A

17,990

Samsung Galaxy M02s
Samsung Galaxy M02s

8,999

Xiaomi Mi 10i
Xiaomi Mi 10i

21,999

Oppo A15s
Oppo A15s

11,490

Tecno Spark 6 Go
Tecno Spark 6 Go

8,499

Vivo V20 2021
Vivo V20 2021

24,990

Vivo Y20A
Vivo Y20A

11,490

Xiaomi Redmi 9 Power
Xiaomi Redmi 9 Power

11,999

Motorola Moto G9 Power
Motorola Moto G9 Power

11,999

Motorola Moto G 5G
Motorola Moto G 5G

20,999

Vivo V20 Pro
Vivo V20 Pro

29,990

Xiaomi Mi 10T
Xiaomi Mi 10T

35,999

Xiaomi Redmi 9i
Xiaomi Redmi 9i

8,299

Xiaomi Mi 10T Pro
Xiaomi Mi 10T Pro

39,999

Infinix Hot 10
Infinix Hot 10

9,999

Vivo V20 SE
Vivo V20 SE

20,990

Vivo V20
Vivo V20

24,990

Micromax In 1b
Micromax In 1b

6,999

Micromax In Note 1
Micromax In Note 1

10,999

OnePlus 8T
OnePlus 8T

42,999

Samsung Galaxy F41
Samsung Galaxy F41

15,499

Apple iPhone 12 Pro Max
Apple iPhone 12 Pro Max

1,29,900

Apple iPhone 12 Pro
Apple iPhone 12 Pro

1,19,900

Apple iPhone 12 Mini
Apple iPhone 12 Mini

69,900

Apple iPhone 12
Apple iPhone 12

79,900

Poco X3
Poco X3

16,999

Realme Narzo 20A
Realme Narzo 20A

8,499

Realme Narzo 20
Realme Narzo 20

10,499

Realme Narzo 20 Pro
Realme Narzo 20 Pro

13,999

Oppo F17
Oppo F17

16,990

Samsung Galaxy M51
Samsung Galaxy M51

22,999

Poco M2
Poco M2

10,999

Oppo F17 Pro
Oppo F17 Pro

22,990

Realme 7 Pro
Realme 7 Pro

19,999

Realme 7
Realme 7

14,999

Best Sellers