The Apple Credit Card Is A Game Changer

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Apple today announced the launch of the Apple Card. In conjunction with Goldman Sachs and MasterCard, Apple will launch its new credit card this summer. It offers up to 3% cash back paid daily, no fees, and what is sure to be an award winning app to track purchases, payments and interest charges.

Three features of this rewards system stand out. The first is that the 2% cash back requires the use of Apple Pay. While Apple Pay has penetrated the U.S. retailing market, there are plenty of stores that still don't accept it. I know because it's annoying to waive my iPhone over the credit card device only to realize that I'm at a retailer that has yet to join the 21st century. If the demand for Apple Card is high, it could encourage more retailers to accept Apple Pay.

Finally, the 3% rewards apply not only to purchases at Apple stores, but also on the App Store and for Apple services. This should in turn drive more consumers to the Apple ecosystem.In short, there are none. At least there are no fees that really matter. There is no annual fee, late fee, international fee, or over-the-limit fee. There's not even a penalty rate.As one would expect from Apple, the Apple Card app's simplicity is stunning.

 

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If you have a statue of Steve Jobs in your living room, and make a ton of Apple purchases this card might be for you. However, I’m struggling to see the how the credit card’s value measures up the the hype. Many better credit card options at this point in time. TheFreeRetiree

Firstly, use your present card purposefully. Thank you

Solid innovative ideas with a nice looking App for helpfulness and simplicity. Nut jobs who expect apple to colonize the moon by 2021 are out of their minds. Utilizing the great platform they have built makes so much sense.

owners are modern slaves trained for lonelliness in a programme. there is debt but no family and humanity

much ado abt nothing.. Apple is running out of steam.. over=priced garbage. .its cache is not what it once was.. I will go with Huawei thank you..

I think the term game changer is too loosely used here

Let's hope so. Not sure why it took all of these years for someone to finally figure out how to make our merchant names readable, but I'm definitely looking forward to that new feature.

If Apple plans to have a better market in India, they must think of reducing the price because it has got nothing what Indians expect from a premium mobile handset, they get easily from other vendors in way cheaper prices.

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