Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

The Apple Card

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Today we get to see the beginning of the rollout of Apple’s continued services expansion plan.

Introducing the Apple Card, a new credit card issued in partnership with Goldman Sachs, which goes into a “preview rollout” today and will be available to all iPhone users in the U.S. later in August.

Axios’ rundown on how it works: “At its base level, the Apple Card is an “iPhone-first” MasterCard that can be used anywhere Apple Pay or MasterCard is accepted.”

Though users can get a physical card, the Apple Card is “mobile-first” and customers use an iPhone to sign up for the card, view their transactions and pay their bills.

The physical card has a traditional credit card number on its chip and magnetic stripe, but that number isn’t visible on the card, and customers can provide a different one stored on their iPhone if they need a numeric number to give out.

Apple is saying the card will have no fees including no annual fee, no foreign transaction fees, and no late fees, and it doesn’t boost its interest rate if customers miss a payment.

Apple also indicated it would neither collect nor view anything about where you shopped, what you bought, or how much you paid.

We shall see if you can easily cancel those persnickety app subscriptions! 

Written by turbotodd

August 6, 2019 at 10:38 am

Posted in 2019, apple

Tagged with , , ,

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