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Apple's new payment method is called Apple Card and is being developed in collaboration with Goldman Sachs. Cupertino wants to bring a particularly secure credit card to market with Apple Card. The promise: Apple has no insight into users' purchases. The revolution is now set to begin soon.
The Apple Card was unveiled at the "It's Show Time" keynote in March of this year. An exact launch date wasn't announced at the time, with Apple only stating summer 2019. Now Bloomberg claims to have learned the approximate launch date. According to the news outlet, Apple Card is expected to go live in the first half of August. Once the service is activated, users in the US can sign up via the Wallet app. iOS 12.4 is required for registration.
“created by Apple, not a bank”
The card itself is advertised with the slogan “created by Apple, not a bank” and allows users to monitor their spending behavior with the help of charts. The entire card management can be done via the Wallet application.
The highlights of the Apple Card are the high level of data protection and its deep integration into the iOS system. According to Apple, using the card is completely free. This means that there is no annual fee for the card itself. Only the effective annual interest rate remains the same - this is between 13.24 percent and 24.24 percent - depending on the user's creditworthiness. Customers who pay their credit card bill late will not be charged additional penalty interest or late fees. In addition to the digital card, a physical credit card will also be issued - this impresses with its particular simplicity. The Apple Card will only be available in the USA at launch - when the new credit card from Cupertino will debut in other markets remains completely unknown. Everything we know about the Apple Card so far can be found in our Summary read it. Amazon Echo Dot (3rd Gen.) on offer – only for a limited time
