Apple is launching a credit card which it says will offer"clearer and more compelling" rewards than rivals.
It claimed it would build on the success of its Apple Pay offering, allowing customers to manage the device on their iPhone.
There's certainly a gap in the market for a credit card with extremely high interest rates, a bland card design and a card that's completely incompatible with most card readers.
Backed by Goldman Sachs and MasterCard, forgive my cynicism. Still the Apple fanboys will be queying up.
So Apple are taking the profits from the sizeable margins they make on their products to loan people money and then charge them interest on top. As they say money makes money.🙄
Hard to swallow
Do you get that card?
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Apple event: iPhone maker launches new credit card and TV streaming service to rival Netflix and AmazonApple last night entered the online video arms race with its own TV streaming service as it hunts for growth outside of its core iPhone business. Why? Presumably it'll be the world's most expensive TV Subscription, will have only one channel, and the Credit Card will be the thinnest one ever made and will only be accepted in Apple Stores?
Source: The Telegraph - 🏆 41. / 63 Read more »
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