Apple's "show time" show today announced a new Apple Card credit card that promises to enhance the credit card experience with simpler applications, no fees, lower interest rates, and better rewards.
To get an Apple Card, users can sign in to the Apple Wallet app from their phone and get a digital card to use wherever Apple Pay "gets accepted within minutes". Customers can also track purchases, check the balances and see from the app when their bill is due.
Apple also says it will use Machine Learning and Apple Maps to tag the stores used in the app, and this data will be used to track purchases in various categories such as "food and drink" or "shopping." , 19659004] Instead of a point-based rewards program, the Apple Card will issue cash-back rewards in the form of "Daily Cash," which will be transferred directly to your Apple Card to spend or use for your purchases. Apple is offering just two percent repayments on purchases, and Apple purchases back 3 percent.
Apple is said to have partnered with Goldman Sachs for Apple Card, with MasterCard handling the payment process.
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