Apple has been quietly improving the Apple Card experience for users by offering financing options for Apple products and discounts on buying services. The company even started offering a detailed transaction history and the ability to export data in OFX file formats. Now, the company has launched a dedicated web portal for the Apple Card.
Apple is offering new Apple Card users $50 if they sign up for any Apple subscription service like Apple Music, Apple News+, Apple TV+, or do any transaction in the App Store. The offer runs through the end of July and is only applicable for new Apple Card users who spend money on any of the subscription services or on the App Store for the first time.
As leaked last week, Apple has announced 0% financing option with Apple Card for the iPad, Mac, AirPods, and its other products. The company has been offering 0% financing on iPhones when purchased via Apple Card since December last year.
Apple is working on offering Apple Card customers the option to buy its products on interest-free financing over a period of six or 12 months. This will basically allow customers to buy an iPad, Mac, Pro Display XDR, or other Apple products and pay for it over a period of 12 months.
Apple had first allowed Apple Card users to defer their payments for March 2020 due to financial hardships people have been facing after the spread of the COVID-19 pandemic. However, the company had said during its earnings call that it doesn’t plan to announce any further deferments, only to change its stance today.
Apple tried to reinvent credit card with Apple Card. This also meant that Apple Card stuck to a minimalist design language and yet managed to look sleek. Unlike other credit cards, Apple Card doesn’t come with numbers. All it has is a user’s name engraved on the metal card. A concept artist has taken it to the next level and shows how cool Apple Card would look with AR.
U.S. Federal Reserve recently announced yet another emergency cut to the interest rate. Apple followed suit and reduced Apple Card’s base APR to 10.99 percent from the previous 12.49 percent.
The COVID-19 outbreak is expected to have a toll on the global economy. In order to ease the financial burden, Apple and Goldman Sachs are allowing Apple Card users to defer April payments.
Coronavirus outbreak has disrupted our lives in every possible way. Apple’s production schedule has been hampered and the company has shut down Retail stores. Furthermore, the company has also instructed its employees to work from home. Now Apple has announced that Apple Pay customers affected by coronavirus can skip March payment.
Apple Card was launched last year and ever since then, the company has been adding new features. Recently Apple added a slew of features that allowed users to export transaction statements in multiple formats. With iOS 13.4 Beta, the Wallet App is offering a more comprehensive history of App Store purchases and money spent towards Apple subscriptions.