made the world's credit card . Backed by Mastercard and Goldman Sachs, this is Apple's brand new credit card that lives on your iPhone and lets you pay for goods and services online and in stores. It's based on Apple Pay, a mobile payment system based on your existing credit card, which Apple has had in place since 2014. Using your own debit card, rather than piggybacking on your bank card, is a bold move for Apple that no other media giant has sought , also Google and Samsung, two companies that also have robust mobile payment systems.
Will a digital Apple credit card finally make mobile payments ubiquitous? What types of benefits will the owners receive? How does it affect their credit if they change phones? You are full of questions, and we are too. Unfortunately, we do not have them all. What we have is the details we got from.
This is all we know about the Apple Card so far – including– and what we haven't read yet.
What is the Apple Card?
Apple Card is a new branded credit card for iPhone ($ 1000 on Amazon) user. It is both a digital card that lives on your iPhone, with a traditional credit card backup that you can use where Apple Pay is not available. (It seems that everyone gets this when they sign up.) But Apple thinks you're using the digital version predominantly.
The physical Apple card is made of titanium and has your name etched on it, just for a little drama, and then you can show off by clinking it high on a glass.
Where can I use Apple cards?
You can use Apple cards in apps, online (eg online stores) and in physical stores, anywhere in the world where MasterCard is accepted. (More about the bank aspect below.)
How do I register for the Apple Card?
Apple Card will live in the Wallet app on your iPhone and you sign up by tapping Apple Short Message in your wallet. Apple will walk you through the registration process. We haven't seen this, but expect it to take a few minutes. This is after all a credit card.
Do I have to wait for a credit check?
You need to be a qualified customer. Although Apple does not share information about what it means. However, you can register if you are interested in more information along the way. Apple says if you are approved, you are eligible to use your Apple card within minutes.
When can I get it?
Apple will launch Apple Card through the wallet app this summer. It comes to the US first.
Will the Apple Card also come to other countries?
Apple just announced its plans for the United States. It is possible that Apple will use the United States as a test bed before expanding to other countries. It is also possible that Apple is already negotiating with other banks and global institutions.