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.
Apple Card has already challenged the status quo with no late fees. Soon Apple Card users will be able to export transaction data in OFX format. The news was confirmed by a support executive who said the feature will come “within the next few days.”
If you are an Apple Card user and always wanted to glance through your monthly transactions made using the card in your favorite finance app, you can do that starting today.
Goldman Sachs Takes a Potshot at Apple Card’s ‘Created by Apple, Not a Bank’ Line, Says It Is in Charge
Apple Card has been hogging the limelight ever since it was released last year. The company claims that Apple Card is very different from traditional credit cards. Apple has partnered with Goldman Sachs for the Apple Card. At a recent earnings call, Goldman Sachs stressed that it has everything to do with who gets an Apple Card and who doesn’t.
One of the good things about Apple Card is that it presents all the data about where you have spent your money in a nice and easy to digest format. You can also export that data as PDF for sharing purposes but a handy option to export all transaction data in CSV format is missing.
Apple has started offering a 24-month interest-free installment plan for buying a new iPhone in the US. This plan is only available for those who own an Apple Card, though.