Apple Card offers 2% cash back when you use Apple Pay, and 3% cash back on purchases from Apple
"Apple Card," will offer cash rewards and various features and integrations with Apple's Wallet and Apple Pay apps.
The card earns"Daily Cash," Apple's version of cash back. Daily Cash is issued to the user's Apple Pay Cash balance each day. From there, it can be spent on purchases using Apple Pay, applied as a credit towards the user's Apple Card balance, or transferred to contacts through Apple's peer payment feature in iMessage.
The card earns 3% Daily Cash back on purchases made with Apple, 2% cash back on purchases made with Apple Pay, and 1% Daily Cash on purchases made with the physical card, or online without Apple Pay. It was not immediately clear if purchases made online through Apple Pay would qualify for the 2% back.
According to Apple Pay VP Jennifer Bailey, who presented at the event, the new card is"designed for iPhone." People can apply directly on the iPhone, and start using the digital card immediately upon approval. Cardholders can update information and review transactions through iMessage, and the card uses machine learning to recognize transactions.
iPhone users can view their balances and transactions within the Wallet app, including automated breakdowns of spending by category and merchant.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple unveils new credit card: The Apple Card
Read more »
Apple Launches TV App, Credit Card, Subscription ServicesCEO Tim Cook said the new ‘Apple Card,’ developed with Goldman Sachs, would be available for signup via the iPhone. Apple also unveiled a TV service as well as subscription offerings for news and videogames.
Read more »
It's 'show time' for Apple: News, video streaming and credit card with Goldman SachsFinally, the company gives a look into its streaming plan.
Read more »
Apple just announced Apple Arcade, a new subscription service for exclusive Mac and iOS gamesApple Arcade, an exclusive platform for newly developed games on iPhone, iPad, Apple TV, and Mac, will launch this fall.
Read more »
Apple just announced Apple News+, a news subscription service for $9.99 per monthA new service announced earlier today, Apple News+ will provide access to The Wall Street Journal and hundreds more paid magazines & publications.
Read more »
Apple debuts new iPad Air and iPad mini, which work with Apple Pencil stylusApple debuted a new mid-tier iPad with a larger screen and introduced the first iPad mini update since 2015 — a week before it rolls out a media and entertainment bundle designed to compete with Netflix.
Read more »
Apple set to unveil streaming service, will reportedly offer HBO, Showtime for $9.99 a monthApple Inc. will shift its business further toward the services side Monday, according to a new report a day before the unveiling of its highly anticipated...
Read more »
The Credit-Card KingmakerNot so long ago, Brian Kelly was an HR employee. Now as founder and CEO of The Points Guy, a website that reviews rewards cards, he is one of the most powerful people in the business of credit cards.
Read more »