Apple pins hopes on new credit card

Muriel Colon
March 28, 2019

Apple said users will be able to sign up for the card in the Wallet app on their iPhone and begin using it nearly immediately. There is also a physical Apple Card - a titanium credit card with no card number, CVV security code, expiration date, or signature.

In this morning's keynote announcement, the tech giant introduced: Apple TV+, an ad-free video-streaming service; the Apple Card, an advancement of the pre-existing Apple Pay software; Apple News, access to over 300 magazines and news content; and Apple Arcade, the world's first gaming subscription service designed for mobile, desktop and the living room.

Though no late fees will probably spare a few users the headache and financial hit from neglecting to pay their credit card bills, industry analyst at Credit Ted Rossman says he's unimpressed with the advantages that the Apple Card offers. But here's the catch! it is now part of the Apple wallet app on Iphone which makes it card-less.

Subscribers can choose which channels they'd like to subscribe to and pay per channel instead of a traditional, large package from cable companies.

Can Apple really be a home for games? Especially when it comes to rewards, Apple's offering appears to be underwhelming compared to others on the market: You'll earn 3% cash back on Apple purchases, 2% on Apple Pay purchases, and 1% cash back on physical purchases with the titanium card.

But, why the sudden push? This means you can use it anywhere that takes Apple Pay, and there are some pretty big incentives to do so. Apple Card, which works within the Apple Pay app, will also be available as a physical card when it launches in the United States in the summer.

According to the American tech giant, there are no fees associated with Apple Card: no annual, late, worldwide or over-the-limit fees. Apple says that if you are approved, you'll be eligible to use your Apple Card within minutes. It didn't take long for Steve Troughton-Smith, a popular iOS and MacOS "tinkerer" to discover a pretty significant flaw with the way Apple's service works on iMacs and MacBooks, MSPowerUser noticed. But it's a way to keep fans sticking with Apple even when they aren't buying a new iPhone every year.

Other credit cards do offer biometric security, whether it's built into the card itself or the card machine. "While we all need them, there are some things about the credit card experience that could be so much better". If your phone is stolen or lost, they can't access the card without your fingerprint or well, face.

Having the Apple Card is also like having one's own credit and loans adviser.

Apple on Monday announced the Apple Card, a credit card that allows consumers to monitor their spending, and manage their credit card payments.

"It seems to be more of a financial move, a money-making scheme, rather than genuine products that will deliver genuine benefit to customers". The company has not shared any details about what kind of credit score you need to have in order to qualify for its card yet. The service, which is to launch in the fall, will offer more than 100 games only available to Apple users.

TechCrunch reports that Cook, at an event that featured celebrities such as Steven Spielberg, Jennifer Aniston, Reese Witherspoon, Jason Momoa, Alfre Woodard, and Kumail Nanjiani also talked about how Apple is already in a prime position to capitalize on the market and become a leader in getting news to the people.

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Not many years ago, Apple quietly released its TV app, previously called Videos, but many users weren't convinced by it.

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