Apple announced new details about their credit card with Goldman Sachs called the Apple Card. Here are the latest details.
Jennifer Bailey, vice president of Apple Pay, speaks at the Steve Jobs Theater during an event to announce new products Monday, March 25, 2019, in Cupertino, Calif. Apple CEO, Tim Cook, just announced their new Apple Card product at a special event at their Cupertino headquarters. The anticipation for details regarding their new credit card with Goldman Sachs has been highly anticipated and closely watched. With Goldman Sachs' CEO watching, the presentation and details did not disappoint.
The Apple Card is designed for the iPhone and it integrates directly with the hardware and software on the phone for seamless functionality. In fact, they've revolutionized some processes which we all take for granted. You sign up for the card directly on your phone and if approved, you'll be able to start using it within minutes. Say goodbye to the customary two-week waiting period.
When it comes to rewards, Apple has aimed to make their rewards program easy to understand and navigate. It revolves around the Apple Cash Card, into which your cash back will automatically be added. The Apple Card earns 2% cash back on all ApplePay transactions, 1% cash back on all transactions if you use the physical Apple Card, and 3% cash back on all purchases made at Apple.
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