Shaking Credit Card industry, Apple launches ‘Apple Card’ with exciting new promises

California, Mar 26: The plastic money is countersign of today’s economy. The millions of monetary transactions in the world. Apple, American technology giant launched its highly anticipated credit cars, “Apple Card” with a partnership with Mastercard and investment bank Goldman Sachs.

 

On this occasion, Apple’s VP of Apple pay, Jennifer Bailey said, “Apple Card builds on the tremendous success of Apple Pay and delivers new experiences only possible with the power of iPhone, Apple Card is designed to help customers lead a healthier financial life.”

The company stated, Every time customers use Apple Card with Apple Pay, they will receive 2% Daily Cash. Customers will also get 3% Daily Cash on all purchases made directly with Apple, including at Apple Stores, on the App Store and for Apple services.

 

Unlike traditional credit cards issued by banks, Apple Card will not attract fees: no annual, late, international or over-the-limit fees. Apple Card’s goal is to provide interest rates that are among the lowest in the industry and if a customer misses a payment, they will not be charged a penalty rate.

Apple promises that they will totally transform the entire credit card experience with simplifying the whole process from application to a new level of privacy and security. There is the promise of the elimination of fees with the encouragement of paying less interest and transparent business. Apple card users will receive a percentage of every Apple Card purchase amount back as Daily Cash.

At the event, Apple also launched new subscription services across new (Apple News Plus), television (Apple TV Plus and Apple Channels), and video games (Apple Card) segments.

Apple Card in India? Not yet –

On the launch of Apple Card, Company did not clarify anything about the Apple Card launch in India. Yet, no reference was made to the new Credit Card in Apple’s India website.