Apple Card Now Being Offered To A Select Few
As per reports, Apple (AAPL) has welcomed select customers to apply for its Apple card. Customers invited were those who wished to be notified once the card became available. The card is expected to be in the market for the wider public sometime in August, where users can apply for the card from their iPhone Wallet App.
The Apple card is being offered in partnership with Goldman Sachs (GS) and its payment network is powered by Mastercard (MA) was announced to be launched this August by CEO, Tim Cook in the third-quarter earnings call.
As per the Goldman Sachs’ customer agreement, the card to have no annual transaction penalty or other fees. Additionally, variable APRs are set to range from 13.24 percent to 24.42 percent depending upon customer’s creditworthiness. Other benefits offered to the card users to include:
• Cashback on purchases made with the card, instead of reward points.
• 3 percent cash back for goods and services purchased directly from Apple including its products and services.
• Apple Pay purchases to benefit with 2 percent cash back and other purchases to get 1 percent daily cashback.
Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.
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