In March, Apple announced the Apple Card in partnership with Goldman Sachs Bank and the international payment system Mastercard. It will be released in August and will initially only be active in the US. You can use it to pay in the usual mode, and using Apple Pay (of course, there will be no link to Android). But the physical card does not have a contactless payment option. It is activated on the principle of Air Pods - when synchronized with an iPhone.
© apple.com/apple-card
Apple Card has no interest rate penalty. Apple and Goldman Sachs will be patiently waiting for the loan to be paid off, unless you drop a few lines down in your credit rating - the standard punishment for debtors.
Apple Card holders will be able to pay and top up their card balance using the Apple Cash app and ACH. A credit card cancels the red tape with signatures of checks when paying in some stores or catering outlets.
© apple.com/apple-card
Users will not know the card number and its validity period - only the owner's name is indicated on the physical one, and only the last four digits of the number are displayed in the electronic version. This is done in order to simplify the process of blocking the card in case of theft and obtaining a new one. Now it is enough to simply request a new number.
Apple, as usual, has taken care of privacy: "Apple does not know what you bought, where or for how much," reassures Jennifer Bailey, vice president of Apple Pay. All cost information is stored directly on the device and not on Apple servers. The company also promises that "Goldman Sachs will never sell your data to third parties for marketing and advertising purposes."
With the launch of a branded credit card, the Cupertino-based company is on a par with the giants Amazon and Uber, which already have their own cards. However, in terms of privileges and bonuses, Apple lags far behind: registration bonuses, $ 50 when registering a card, discounts on meals and 4-5% cashbacks, Tim Cook's company opposes only 2% cashback (or 3% - in case of paying for Apple products), which is somewhat saddens the experts.
By the end of 2019, Apple Card will be available in 40 countries. You don't have to think about coming to Russia: Goldman Sachs does not have a license to serve individuals in our country.>