Apple Announces 'Apple Card' Credit Card With Daily Rewards, Simplified Statements, and No Fees

Apple today revealed a brand new service called "Apple Card," a new digital and physical credit card that users will be able to sign up for right from their iPhone. Apple says this sign-up process takes just a few minutes and then they can start using the ‌Apple Card‌ right away in stores, in apps, or online worldwide. Apple partnered with Goldman Sachs and Mastercard for ‌Apple Card‌.

apple card image
After spending, ‌Apple Card‌ will give users simple real-time views of their latest transactions and balance in the Wallet app. ‌Apple Card‌ uses machine learning and Apple Maps to label transactions with merchant names and locations. Purchases are then automatically totaled and color coded through categories like Food and Drinks, Shopping and Entertainment, and more.

At the end of each week and month, the Wallet app will show what users spent to help visualize their past finances. The company will also provide 24/7 customer support through Messages.

Anyone who uses ‌Apple Card‌ will receive a percentage of every purchase amount back as "Daily Cash," the card's rewards program. Every time users pay with ‌Apple Card‌ they will receive 2 percent Daily Cash back, and if they make a purchase directly with Apple they'll get 3 percent Daily Cash back. Daily Cash is immediately added to the user's Apple Cash card in the Wallet app, and can be used anywhere Apple Pay is accepted.


‌Apple Card‌ has no fees associated with it, and the company says that "‌Apple Card‌’s goal is to provide interest rates that are among the lowest in the industry and if a customer misses a payment, they will not be charged a penalty rate."

As with Apple's other services, the company promises that ‌Apple Card‌ is completely secure and private.

A unique card number is created on iPhone for Apple Card and stored safely in the device’s Secure Element, a special security chip used by Apple Pay. Every purchase is secure because it is authorized with Face ID or Touch ID and a one-time unique dynamic security code. The unique security and privacy architecture created for Apple Card means Apple doesn’t know where a customer shopped, what they bought or how much they paid.

There will also be a physical ‌Apple Card‌ for shopping at locations where ‌Apple Pay‌ is not accepted. The card is made out of titanium, has no card number, no CVV, no expiration date, and requires no signature.

‌Apple Card‌ launches in the United States this summer.

Top Rated Comments

19SK91 Avatar
53 months ago
US only. Can‘t wait for it to launch in Germany in 2025.
Score: 64 Votes (Like | Disagree)
Tapiture Avatar
53 months ago
“We needed a really innovative bank, so we chose.... Goldman Sachs?”

Sure, they helped cause the 2008 financial crisis and have no soul, but they’re really innovative and awesome!
Score: 51 Votes (Like | Disagree)
Bustycat Avatar
53 months ago
What a boring keynote for people outside of the US...
Score: 48 Votes (Like | Disagree)
haydn! Avatar
53 months ago
Apple’s sales outside the US continue to stall. Wonder how much of that is influenced by the fact pretty much every service Apple announces these days to compliement it’s premium/over priced hardware is exclusive to the US for months/years.
Score: 39 Votes (Like | Disagree)
Fuchal Avatar
53 months ago
Awesome. Can’t wait to get it. I’m sure many places will still take the physical card, even without a signature on it. Just have ID with you and make sure the names match.
None of my cards are signed and everyone has always accepted them.
Score: 39 Votes (Like | Disagree)
69Mustang Avatar
53 months ago
Goldman Sachs will never share or sell your data to third parties for marketing.

I firmly believe Apple believes this to be true. If Goldman has access to the data I also firmly believe the scorpion will eventually sting the frog.
Score: 36 Votes (Like | Disagree)

Popular Stories

maxresdefault

Apple Announces WWDC 2023 Event Taking Place June 5 to 9

Wednesday March 29, 2023 9:58 am PDT by
Apple today announced that its 34th annual Worldwide Developers Conference will take place from Monday, June 5 to Friday, June 9. Like WWDC 2020, 2021, and 2022, WWDC 2023 will be an online event for the most part, and it will be open to all developers at no cost. Subscribe to the MacRumors YouTube channel for more videos. Apple will provide online sessions and labs, which will allow...
iPhone 15 Pro Buttons CAD Leak

iPhone 15 Pro Low-Energy Chip to Allow Solid-State Buttons to Work When Device is Off or Out of Battery

Wednesday March 29, 2023 1:54 am PDT by
The iPhone 15 Pro and Pro Max will use a new ultra-low energy microprocessor allowing certain features like the new capacitive solid-state buttons to remain functional even when the handset is powered off or the battery has run out, according to a source that shared details on the MacRumors forums. CAD-based render of new solid-state buttons on iPhone 15 Pro models The source of this rumor is ...
CarPlay Phone Call

General Motors to Phase Out Apple CarPlay Starting This Year in EV Transition

Friday March 31, 2023 8:43 am PDT by
General Motors (GM) will phase out Apple CarPlay and Android Auto in its vehicles starting this year, shifting to a built-in infotainment system co-developed with Google (via Reuters). GM owns Buick, Cadillac, Chevrolet, and GMC in the United States. It will stop offering Apple CarPlay and Android Auto starting with the 2024 Chevrolet Blazer, which goes on sale this summer. The company plans ...
iPhone 15 Pro Multi Purpose button Mute Switch Feature Green 2

iPhone 15 Pro Rumored to Feature Multi-Use Action Button Instead of Mute Switch

Wednesday March 29, 2023 7:28 am PDT by
iPhone 15 Pro and iPhone 15 Pro Max models are rumored to feature a customizable Action button like the Apple Watch Ultra, according to a MacRumors forum member who leaked accurate details about the Dynamic Island on iPhone 14 Pro models last year. The source claimed the Action button will replace the Ring/Silent switch that has been included on every iPhone model since 2007. They did not...
iOS 16

iOS 16.4 Now Available for Your iPhone With These 8 New Features

Friday March 31, 2023 8:55 am PDT by
Following six weeks of beta testing, iOS 16.4 was released to the public this week. The software update includes a handful of new features and changes for the iPhone 8 and newer. To install an iOS update, open the Settings app on the iPhone, tap General → Software Update, and follow the on-screen instructions. Below, we have recapped eight new features and changes added with iOS 16.4,...
iOS 17 on Phone Feature

Three New iOS Features Coming to Your iPhone Following Apple Music Classical

Thursday March 30, 2023 7:13 am PDT by
With the Apple Music Classical app and an Apple Pay Later early access program now available, the list of previously-announced iOS features that have yet to launch is beginning to shrink. However, there are still a few features we are waiting for. Below, we have recapped three more iOS features that are expected to launch in 2023, including an Apple Card savings account for Daily Cash,...
apple mixed reality headset concept by david lewis and marcus kane

Kuo: Apple Mixed-Reality Headset May Not Appear at WWDC as Mass Production Pushed Back Yet Again

Thursday March 30, 2023 4:50 am PDT by
Apple has again pushed back mass production of its mixed-reality headset and the device may not appear at this year's Worldwide Developers Conference (WWDC), Apple analyst Ming-Chi Kuo today said. Apple headset concept by David Lewis and Marcus Kane In a tweet, Kuo explained that Apple "isn't very optimistic" about whether the headset will be able to create an "iPhone moment." As a result,...