Apple and Goldman Sachs have started the rollout of Apple Card. Initially unveiled back in March by Apple, the Apple Card is available for eligible iPhone customers in the United States. Right now though, it is only being made available to a select group of customers.
A wider rollout will start later in August. Customers invited to the Apple Card Preview program will automatically receive an email from Apple. The company is sending out the invite to customers who had signed up to be notified about Apple Card.
Invited customers can sign up for Apple Card using the Wallet app on their iPhone provided it is running iOS 12.4. The activation process will take a few minutes after which you would get your Apple Card details.
You can also request a physical Apple Card from Apple and Goldman Sachs for free. Unlike traditional cards, the physical Apple Card will be made of titanium with your name laser engraved. It will also be devoid of any numbers.
The whole USP of Apple Card is that there are no fees whatsoever including joining fee, late payment fee etc. It will also feature tight integration with the Wallet app on your iPhone which will show detailed information about all your transactions, including the location, amount, merchant etc.
Goldman Sachs will be handling the backend of the Apple Card. It will not share any kind of data with third-party companies for privacy and security reasons.
Apple Card users will also get a cashback in the form of Apple Cash on a daily basis. They will get up to 3% cashback when they purchase Apple products, 2% on Apple Pay transactions, and 1% on other transactions. For now, Apple Card is only available to iPhone users in the United States.
Apple Card Compatible Devices
Apple Pay is compatible with the following devices
- iPhone XS Max
- iPhone XS
- iPhone XR
- iPhone X
- iPhone 8/Plus
- iPhone 7/Plus
- iPhone 6s/Plus
- iPhone 6/Plus
- iPhone SE
- iPad Pro with Face ID
You can know more about Apple Card over here.
Alongside the preview rollout of Apple Card, Apple also released a bunch of videos on its YouTube channel related to setting up and using the Apple Card.
Are you looking forward to trying out Apple Card? Or are you going to see how it works out for the early adopters before taking the plunge? Drop a comment and let us know!